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

Issuer:     National Storage Affiliates Trust (NSA)
CIK:        0001618563
Form:       8-K
Filed at:   2025-05-05T23:59:59+00:00
Accession:  0001628280-25-022164
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

NSA Q1 net income $19.5M (-79.5%), Core FFO $0.54 (-10%), same-store NOI -5.7%
------------------------------------------------------------------------------

- Net income $19.5M, diluted EPS $0.10 vs $0.65 YoY; Core FFO $73.4M, $0.54/share (-10%).
- Same-store NOI -5.7% (revenues -3.0%, expenses +3.7%); occupancy 83.6% (-240 bps).
- Acquired 3 self-storage properties for ~$13.5M in Q1 2025.
- Management sees sequential improvement, but economic uncertainty remains.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1618563/000162828025022164/0001628280-25-022164-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1618563/000162828025022164/nsa-20250505.htm
  HTML page:      https://secwatch.observer/filing/0001628280-25-022164

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