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National Storage Affiliates Trust (N:NSA)

Business Focus: N/A

Sector:  N/A Industry:  N/A
 
See Regulatory Filings on SEC
Company Contact
Address: 8400 E. Prentice Avenue, 9Th Floor
GREENWOOD VILLAGE CO 80111
Tel: 1-720-6302160
Website: https://www.nationalstorageaffiliates.com
IR: See website
Key People
Tamara D. Fischer
Executive Chairman of the Board of Trustees
David G. Cramer
President, Chief Executive Officer
Arlen D. Nordhagen
Vice Chairman of the Board of Trustees
Brandon S. Togashi
Chief Financial Officer, Executive Vice President, Chief Accounting Officer, Treasurer
Derek Bergeon
Chief Operating Officer, Executive Vice President
Tiffany Kenyon
Executive Vice President, Chief Legal Officer and Secretary
Business Overview
National Storage Affiliates Trust is an integrated, self-administered, and self-managed real estate investment trust. The Company is focused on the ownership, operation and acquisition of self-storage properties located within various metropolitan statistical areas across the United States. The Company owns approximately 1,050 self-storage properties, located in 42 states and Puerto Rico, comprising approximately 68.6 million rentable square feet in approximately 5,42,000 storage units. The properties are managed with a local operational focus of the Company and its participating regional operators (PROs). The Company also managed through its property management platform an additional portfolio of 185 properties owned by the Company's unconsolidated real estate ventures. These properties contain approximately 51.9 million rentable square feet, in approximately 4,07,000 storage units. The Company's operating partnership subsidiary is NSA OP, LP.
Financial Overview
For the fiscal year ended 31 December 2023, National Storage Affiliates Trust revenues increased 7% to $858.1M. Net income applicable to common stockholders increased 52% to $137.6M. Revenues reflect Rental revenue increase of 6% to $794M. Net income benefited from Investments segment income increase of 16% to $336.7M, Net Operating Income (NOI) - Total increase of 6% to $594.7M. Dividend per share increased from $2.15 to $2.23.