---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-24-020613"
form_type: "8-K/A"
ticker: "NSA"
cik: "0001618563"
company_name: "National Storage Affiliates Trust"
filed_at: "2024-05-06T23:59:59+00:00"
generated_at: "2026-06-02T22:06:39.617294+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# NSA reports Q1 net income $95.1M, Core FFO $0.60 (down 9.1% YoY); corrects Q3 2023 same-store data

## Summary
- Net income $95.1M (up 135.4% YoY); diluted EPS $0.65 vs $0.24.
- Core FFO $72.4M or $0.60 per share, down 9.1% per share from Q1 2023.
- Same store NOI decreased 3.7%; same store period-end occupancy 85.9%, down 350 bps YoY.
- Repurchased 5.49M common shares for ~$203.5M in Q1; additional 1.91M shares for $71.6M subsequent to quarter-end.
- Clerical error corrected: Q3 2023 same store rental revenue and NOI in schedules 7 & 8 understated by $3.6M.

## SEC filing metadata
- accession: 0001628280-24-020613
- form_type: 8-K/A
- ticker: NSA
- cik: 0001618563
- company_name: National Storage Affiliates Trust
- filed_at: 2024-05-06T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1618563/000162828024020613/0001628280-24-020613-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1618563/000162828024020613/nsa-20240501.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-020613
- JSON: https://secwatch.observer/filing/0001628280-24-020613.json
- Plain text: https://secwatch.observer/filing/0001628280-24-020613.txt

## Key facts
- Earnings Releases
  National Storage Affiliates Trust reported first quarter 2024 results: net income $95.1 million, EPS $0.65.
  - Period: first quarter 2024
  - Net income: $95.1 million
  - EPS: $0.65
  - Result: reported results
  source text: First Quarter 2024 Highlights • Reported net income of $95.1 million for the first quarter of 2024, an increase of 135.4% compared to the first quarter of 2023. Reported diluted earnings per share of $0.65 for the first quarter of 2024 compared to $0.24 for the first quarter of 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1618563/000162828024020613/0001628280-24-020613-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.