secwatch.observer — SEC 8-K summary
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Issuer:     National Storage Affiliates Trust (NSA)
CIK:        0001618563
Form:       8-K
Filed at:   2024-08-05T23:59:59+00:00
Accession:  0001628280-24-034798
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1618563/000162828024034798/0001628280-24-034798-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1618563/000162828024034798/nsa-20240805.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-034798

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