secwatch.observer — SEC 8-K summary
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Issuer:     National Storage Affiliates Trust (NSA)
CIK:        0001618563
Form:       8-K/A
Filed at:   2024-05-06T23:59:59+00:00
Accession:  0001628280-24-020613
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1618563/000162828024020613/0001628280-24-020613-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1618563/000162828024020613/nsa-20240501.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-020613

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer