---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-25-008129"
form_type: "8-K"
ticker: "NSA"
cik: "0001618563"
company_name: "National Storage Affiliates Trust"
filed_at: "2025-02-26T23:59:59+00:00"
generated_at: "2026-05-26T03:38:40.635545+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# NSA Q4 net income plunges 75.8%; Core FFO per share down 11.8% to $0.60

## Summary
- 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

## SEC filing metadata
- accession: 0001628280-25-008129
- form_type: 8-K
- ticker: NSA
- cik: 0001618563
- company_name: National Storage Affiliates Trust
- filed_at: 2025-02-26T23:59:59+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/1618563/000162828025008129/0001628280-25-008129-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1618563/000162828025008129/nsa-20250226.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-25-008129
- JSON: https://secwatch.observer/filing/0001628280-25-008129.json
- Plain text: https://secwatch.observer/filing/0001628280-25-008129.txt

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