---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-24-034798"
form_type: "8-K"
ticker: "NSA"
cik: "0001618563"
company_name: "National Storage Affiliates Trust"
filed_at: "2024-08-05T23:59:59+00:00"
generated_at: "2026-05-31T13:07:54.920841+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# NSA Q2 net income down 29%; Core FFO per share falls 8.8% YoY

## Summary
- Net income $32.3M, down 29% YoY; diluted EPS $0.16 vs $0.28.
- Core FFO $71.2M ($0.62/share), down 8.8% per share YoY.
- Same store NOI fell 5.6%; revenue -2.8%, expenses +4.8%; occupancy 87.0% (-280 bps).
- Completed internalization of PRO structure on July 1; repaid $145M Term Loan B on July 29.
- Joint venture acquired 5 properties for ~$71.9M; NSA contributed $18M.

## SEC filing metadata
- accession: 0001628280-24-034798
- form_type: 8-K
- ticker: NSA
- cik: 0001618563
- company_name: National Storage Affiliates Trust
- filed_at: 2024-08-05T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1618563/000162828024034798/0001628280-24-034798-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1618563/000162828024034798/nsa-20240805.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-034798
- JSON: https://secwatch.observer/filing/0001628280-24-034798.json
- Plain text: https://secwatch.observer/filing/0001628280-24-034798.txt

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