earnings
confidence high
sentiment negative
materiality 0.75
NSA Q4 net income plunges 75.8%; Core FFO per share down 11.8% to $0.60
National Storage Affiliates Trust
2024-FY EPS reported
$1.18
revenue$770,335,000
- Q4 net income $26.1M vs $108.1M YoY; diluted EPS $0.15 vs $0.72
- Core FFO per share $0.60 (down 11.8% YoY); same store NOI fell 7.5%
- Same store period-end occupancy 84.4%, down 140 bps from Dec 2023
- Full year net income $183.3M (-22.7%); Core FFO per share $2.44 (-9.3%)
- Acquired 4 wholly-owned storage properties for ~$39.6M in Q4; repurchased 7.4M shares for $275.2M in FY2024