NSA National Storage Affiliates Trust

CIK 0001618563 50 ready 8-Ks latest July 14, 2026, 4:19 PM ET RSS · JSON

Activity: ELEVATED 3 filings / 30d vs 1 baseline

Ready 8-Ks 50

Latest filing July 14, 2026, 4:19 PM ET

Top materiality 1.00

Event mix earnings ×18 · other_material ×12 · leadership ×8

Sentiment 7 pos · 9 neg · 34 neu

Latest earnings reported 2026-Q1

Executive change recent →

Recent 8-K filings for NSA

Highest-materiality recent filing

Public Storage to acquire National Storage Affiliates for ~$10.5B all-stock deal

March 16, 2026, 7:59 PM ET M&A materiality 1.00 positive item 7.01 item 9.01

All-stock transaction at 0.14 PSA shares per NSA share, implied price $41.68 per NSA share.
Enterprise value of ~$10.5B; expected close Q3 2026, subject to NSA shareholder approval.

Read filing →

July 14, 2026, 4:19 PM ET M&A materiality 0.90 positive item 5.07 item 8.01 item 9.01

NSA shareholders approve acquisition by Public Storage; closing expected July 22

99.9% of votes cast in favor of the merger, representing >84% of outstanding common shares.
July 10, 2026, 5:12 PM ET M&A materiality 0.75 neutral item 8.01 item 9.01

NSA sets July 22 closing for Public Storage acquisition; declares $0.0336 special dividend

Anticipated closing date of Public Storage acquisition is July 22, 2026, subject to shareholder approval on July 14.
July 8, 2026, 8:30 AM ET other material materiality 0.60 neutral item 8.01

NSA issues supplemental disclosures for Public Storage merger; three shareholder lawsuits filed

Three lawsuits filed in NY and CO challenging the merger, alleging breaches of fiduciary duty and seeking injunctive relief.
May 5, 2026, 7:59 PM ET earnings materiality 0.80 positive item 2.02 item 9.01 ◈ Earnings Releases

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

Net income $27.7M (diluted EPS $0.16) vs $19.5M ($0.10) in Q1 2025, +41.8%.
March 17, 2026, 7:59 PM ET M&A materiality 0.98 positive item 1.01 item 5.02 item 9.01 ◈ Material Agreements

Public Storage to acquire National Storage Affiliates Trust; exchange ratio 0.1400 PSA/NSA share

Each NSA common share to be exchanged for 0.1400 Public Storage share; preferred shares converted to equivalent PSA preferred shares.
March 16, 2026, 7:59 PM ET M&A materiality 1.00 positive item 7.01 item 9.01

Public Storage to acquire National Storage Affiliates for ~$10.5B all-stock deal

All-stock transaction at 0.14 PSA shares per NSA share, implied price $41.68 per NSA share.
February 25, 2026, 6:59 PM ET earnings materiality 0.75 neutral item 2.02 item 9.01

NSA Q4 2025 net income $36.8M (+40.8% YoY); Core FFO per share $0.57 (-5.0% YoY)

Net income $36.8M, diluted EPS $0.23 vs $0.15 in Q4 2024; full-year net income $116.3M (-36.6% YoY).
November 3, 2025, 6:59 PM ET earnings materiality 0.75 negative item 2.02 item 9.01

NSA Q3 net income down 2.5% to $29M; Core FFO falls 8.1% per share; same-store NOI -5.7%

Net income $29.0M ($0.17 diluted EPS) vs $29.8M ($0.18) Q3 2024; Core FFO $76.5M ($0.57/share) down 8.1% YoY.
August 4, 2025, 7:59 PM ET earnings materiality 0.75 negative item 2.02 item 9.01

NSA Q2 core FFO $0.55/share (-11.3% YoY); same-store NOI down 6.1%

Net income $31.0M (-4.1% YoY); diluted EPS $0.19 vs $0.16.
May 15, 2025, 7:59 PM ET other materiality 0.15 neutral item 5.07

NSA shareholders elect 11 trustees, ratify KPMG, approve say-on-pay at 2025 annual meeting

Turnout of 69,955,167 shares (91.5% of outstanding) at May 12, 2025 meeting.
May 5, 2025, 7:59 PM ET earnings materiality 0.80 negative item 2.02 item 9.01

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%).
February 26, 2025, 6:59 PM ET earnings materiality 0.75 negative item 2.02 item 9.01

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

Q4 net income $26.1M vs $108.1M YoY; diluted EPS $0.15 vs $0.72
February 13, 2025, 6:59 PM ET other materiality 0.20 neutral item 5.02 ◈ executive_change

Director Rebecca Steinfort not standing for re-election at May 12, 2025 annual meeting

Rebecca L. Steinfort informed Board on Feb 13, 2025 she will not stand for re-election at May 12, 2025 annual meeting.
January 7, 2025, 6:59 PM ET leadership materiality 0.20 neutral item 5.02 ◈ executive_change ×2

National Storage Affiliates promotes John Esbenshade to CAO; Togashi resigns

John Esbenshade promoted to chief accounting officer, effective Jan 1, 2025.
December 4, 2024, 6:59 PM ET other material materiality 0.35 neutral item 5.02 item 9.01

NSA grants 111,646 LTIP units to five executives linked to internalization

Tamara Fischer (18,781 units), David Cramer (37,561), Brandon Togashi (23,302), William Cowan (22,607), Tiffany Kenyon (8,695).
November 19, 2024, 6:59 PM ET other material materiality 0.60 neutral item 8.01 item 9.01

National Storage Affiliates Trust enters $400M at-the-market equity program

Up to $400M of common shares may be sold through agents or forward sale agreements.
November 14, 2024, 6:59 PM ET other material materiality 0.65 positive item 8.01

National Storage Affiliates Trust authorizes $350M common share repurchase program

Board approved new share repurchase program on Nov 14, 2024 for up to $350M of common shares.
October 30, 2024, 7:59 PM ET earnings materiality 0.80 negative item 2.02 item 9.01

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.
August 15, 2024, 7:59 PM ET leadership materiality 0.45 neutral item 5.02 ◈ executive_change ×2

NSA director Mark Van Mourick resigns; Warren Allan elected to board and audit committee

Van Mourick resigned Aug 15, 2024, effective immediately; no dispute with the company.
August 5, 2024, 7:59 PM ET earnings materiality 0.75 negative item 2.02 item 9.01

NSA Q2 net income down 29%; Core FFO per share falls 8.8% YoY

Net income $32.3M, down 29% YoY; diluted EPS $0.16 vs $0.28.
July 8, 2024, 7:59 PM ET M&A materiality 0.55 neutral item 1.02 item 8.01 item 3.02

National Storage Affiliates completes internalization of PRO structure; pays $32.6M cash and issues 1.5M OP units

Closed internalization of participating regional operator (PRO) structure on July 1, 2024.
June 28, 2024, 7:59 PM ET leadership materiality 0.55 neutral item 1.01 item 5.02 item 9.01

COO Derek Bergeon mutually departs NSA; receives $157,500 severance, LTIP vesting

Derek Bergeon, EVP & COO, mutually terminated effective June 25, 2024; receives 6 months base salary ($157,500) and ~$10,000 COBRA subsidy.
June 3, 2024, 7:59 PM ET other material materiality 0.75 neutral item 1.01 item 9.01

NSA to internalize PRO structure; subordinated units converted to Class A OP units effective July 1, 2024

All 12,101,055 outstanding subordinated performance units to convert into 18,219,589 Class A OP units on July 1, 2024.
May 17, 2024, 7:59 PM ET other material materiality 0.30 neutral item 5.02 item 9.01

Shareholders approve 2024 Equity Incentive Plan authorizing 3.25M common shares

Plan approved at May 13, 2024 annual meeting; effective immediately.
May 16, 2024, 7:59 PM ET other material materiality 0.15 neutral item 5.07 ◈ Shareholder Votes ×5

NSA shareholders elect 12 trustees, ratify KPMG, approve say-on-pay and 2024 equity plan

All 12 trustee nominees elected with 58M to 64M votes for each; quorum 91.63%.
May 6, 2024, 7:59 PM ET earnings materiality 0.65 negative item 2.02 item 8.01 item 9.01 ◈ Earnings Releases

NSA reports Q1 net income $95.1M, Core FFO $0.60 (down 9.1% YoY); corrects Q3 2023 same-store data

Net income $95.1M (up 135.4% YoY); diluted EPS $0.65 vs $0.24.
May 1, 2024, 7:59 PM ET earnings materiality 0.75 negative item 2.02 item 9.01 ◈ Earnings Releases

NSA Q1 net income up 135% to $95.1M but core FFO down 9.1% per share

Net income $95.1M, diluted EPS $0.65, up 135% YoY.
April 23, 2024, 7:59 PM ET other material materiality 0.05 neutral item 9.01

NSA files legal opinion from Clifford Chance US LLP as Exhibit 5.1

Item 9.01 filed with opinion of Clifford Chance US LLP and consent.
February 28, 2024, 6:59 PM ET earnings materiality 0.70 neutral item 2.02 item 9.01 ◈ Earnings Releases ×2

NSA reports Q4 net income $108.1M; Core FFO per share down 4.2% YoY

Net income $108.1M ($0.72 diluted EPS) vs $50.4M ($0.31) in Q4 2022; Core FFO $83.6M ($0.68/share), down 4.2% per share.
February 15, 2024, 6:59 PM ET leadership materiality 0.25 neutral item 5.02 ◈ executive_change

National Storage Affiliates Trust elects Lisa R. Cohn to Board, increasing size to 11

Board expanded from 10 to 11 members; Lisa R. Cohn elected effective Feb 15, 2024.
January 4, 2024, 6:59 PM ET leadership materiality 0.40 neutral item 5.02 item 9.01

NSA amends executive LTIP awards after peer group merger; shifts performance metrics

Peer group reduced from 4 to 3 after merger of two peers in July 2023.
December 1, 2023, 6:59 PM ET other material materiality 0.55 positive item 8.01

National Storage Affiliates Trust approves $275M share repurchase program

Board authorized up to $275 million in common share repurchases.
November 9, 2023, 6:59 PM ET other materiality 0.10 neutral item 5.03 item 9.01 ◈ Governance Changes

National Storage Affiliates Trust adopts amended bylaws for universal proxy rules

Board approved Third Amended and Restated Bylaws effective November 9, 2023.
November 1, 2023, 7:59 PM ET earnings materiality 0.50 neutral item 2.02 item 9.01 ◈ Earnings Releases

National Storage Affiliates Trust reports Q3 2023 results; specific figures not disclosed in filing text

Earnings release and supplemental schedules for quarter ended September 30, 2023, issued on November 1, 2023.
October 10, 2023, 7:59 PM ET other material materiality 0.50 neutral item 3.02 item 8.01

National Storage Affiliates issues 179,354 Series A-1 preferred units for self-storage acquisition

Issued 179,354 6.000% Series A-1 cumulative redeemable preferred units as partial consideration for one self-storage property.
September 28, 2023, 7:59 PM ET other material materiality 0.30 neutral item 3.02 item 8.01

National Storage Affiliates issues 287,337 Series A-1 preferred units for self storage property acquisition

Issued 287,337 6.000% Series A-1 cumulative redeemable preferred units as partial consideration for one self storage property from a participating regional operator.
September 14, 2023, 7:59 PM ET other materiality 0.20 neutral item 9.01

National Storage Affiliates Trust files 8-K with legal opinion and consent

Filed Exhibit 5.1: Opinion of Clifford Chance US LLP on September 14, 2023.
August 7, 2023, 7:59 PM ET earnings materiality 0.70 negative item 2.02 item 9.01 ◈ Earnings Releases

NSA Q2 net income down 6.1% YoY; full-year guidance lowered

Net income $45.5M (-6.1% YoY); diluted EPS $0.28 vs $0.24 in Q2 2022.
May 25, 2023, 7:59 PM ET other material materiality 0.15 neutral item 5.07 ◈ Shareholder Votes ×3

NSA shareholders elect ten trustees, ratify auditor, approve say-on-pay at 2023 annual meeting

All ten trustee nominees elected; Rebecca Steinfort received 61.9M for vs 11.7M against (highest opposition).
May 1, 2023, 7:59 PM ET earnings materiality 0.60 neutral item 2.02 item 9.01

NSA Q1 2023 net income down 9.8% YoY; Core FFO per share -2.9%

Net income $40.4M (-9.8% YoY); diluted EPS $0.24 (flat YoY).
March 21, 2023, 7:59 PM ET M&A materiality 0.65 neutral item 3.02 item 3.03 item 5.03 item 8.01 item 9.01 ◈ Governance Changes

National Storage Affiliates acquires 15 Florida properties for $144M, issues Series B Preferred Shares

Acquired 15 self-storage properties in Florida from Personal Mini Storage affiliates for ~$144M.
March 1, 2023, 6:59 PM ET leadership materiality 0.60 neutral item 5.02 item 8.01 ◈ executive_change

Trustee Warren not seeking re-election; David Cramer nominated to board and to become CEO

J. Timothy Warren will not stand for re-election at the 2023 annual meeting; no dispute with the Company.
February 27, 2023, 6:59 PM ET earnings materiality 0.30 neutral item 2.02 item 9.01 ◈ Earnings Releases

National Storage Affiliates Trust reports Q4 2022 results; details not available in filing text

Issued earnings release and supplemental schedules for quarter ended Dec 31, 2022.
January 3, 2023, 6:59 PM ET debt materiality 0.65 neutral item 1.01 item 2.03 item 8.01 ◈ Material Agreements

NSA amends KeyBank credit facility to $1.955B, extends maturities, repays $175M loan

Total borrowing capacity increased by $405M to $1.955B; expansion option to $2.5B.
November 10, 2022, 6:59 PM ET leadership materiality 0.70 neutral item 5.02 ◈ executive_change ×4

NSA promotes Cramer to CEO, Bergeon to COO; Fischer becomes executive chair, Nordhagen vice chair

David G. Cramer, previously president and COO, promoted to CEO, effective April 1, 2023.
November 2, 2022, 7:59 PM ET earnings materiality 0.50 neutral item 2.02 item 9.01 ◈ Earnings Releases

National Storage Affiliates Trust reports Q3 2022 results; specific figures not provided in 8-K filing.

Company issued earnings release and supplemental schedules for quarter ended Sep 30, 2022.
August 3, 2022, 7:59 PM ET earnings materiality 0.10 neutral item 2.02 item 9.01

NSA reports Q2 2022 results; specific figures not in filing text

Earnings release issued August 3, 2022 for quarter ended June 30, 2022.
June 9, 2022, 7:59 PM ET leadership materiality 0.50 neutral item 5.02 ◈ executive_change ×2

NSA appoints David Cramer as President and COO; Tamara Fischer remains CEO

David Cramer, current EVP/COO, appointed President and COO effective July 1, 2022.
May 27, 2022, 7:59 PM ET other materiality 0.15 neutral item 5.07

NSA shareholders re-elect all 11 trustees, ratify KPMG as auditor for 2022

Quorum of 83.3M shares (91.08%) represented at May 23, 2022 annual meeting.
May 4, 2022, 7:59 PM ET earnings materiality 0.75 positive item 2.02 item 9.01

NSA Q1 net income up 62%, Core FFO per share +39%; raises 2022 same-store NOI and FFO guidance

Net income $44.8M ($0.24 diluted EPS) vs $27.6M ($0.19) in Q1 2021; Core FFO $0.68/share, +38.8% per share.