secwatch.observer — SEC 8-K summary
======================================

Issuer:     National Storage Affiliates Trust (NSA)
CIK:        0001618563
Form:       8-K
Filed at:   2024-10-30T23:59:59+00:00
Accession:  0001628280-24-044315
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

NSA Q3 net income $29.8M (-30.9% YoY); Core FFO $0.62 (-7.5%); same-store NOI -5.3%
--------------------------------------------------------------------------------

- Net income $29.8M, diluted EPS $0.18 (vs $0.26); Core FFO $83.9M, $0.62/share.
- Same-store NOI fell 5.3% YoY, revenue -3.5%, expenses +1.2%; occupancy 85.6% (-270 bps).
- Issued $350M senior unsecured notes at 5.6% avg rate, 7.6yr maturity in private placement.
- Unconsolidated venture bought 18 properties for ~$147.9M; NSA contributed ~$37M.
- Completed PRO internalization July 1, 2024; converted 11.9M subordinated units to 17.98M OP units.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1618563/000162828024044315/0001628280-24-044315-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1618563/000162828024044315/nsa-20241030.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-044315

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