secwatch.observer — SEC 8-K summary
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Issuer:     National Storage Affiliates Trust (NSA)
CIK:        0001618563
Form:       8-K
Filed at:   2026-05-05T23:59:59+00:00
Accession:  0001628280-26-030498
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

NSA Q1 net income $27.7M (EPS $0.16), Core FFO $0.57; same-store NOI +2.0%; merger with PSA on track for Q3 2026
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- Net income $27.7M (diluted EPS $0.16) vs $19.5M ($0.10) in Q1 2025, +41.8%.
- Core FFO per share $0.57, up 5.6% YoY; same-store NOI +2.0% driven by expense reduction of 3.9%.
- Same-store occupancy 84.5% at Mar 31 (up 70 bps YoY); subsequent occupancy 84.9% at Apr 30.
- Acquired one property for $10.4M and sold three for $20.6M during Q1; sold additional three for $5.7M post-quarter.
- Merger with Public Storage valued at ~$10.5B enterprise; expected to close Q3 2026 subject to shareholder vote.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1618563/000162828026030498/0001628280-26-030498-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1618563/000162828026030498/nsa-20260505.htm
  HTML page:      https://secwatch.observer/filing/0001628280-26-030498

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