National Storage Affiliates Trust (NSA)

NSA Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Rental Revenue	689.34	700.25	793.97	748.81	541.55	394.66
Property Management Fees	45.79	42.73	34.41	27.62	24.37	23.04
Other Revenue	7.23	11.29	37.24	32.88	25.04	14.79
Total Revenue	742.36	754.26	865.62	809.31	590.97	432.49
Revenue Growth (YoY	-12.71%	-12.86%	6.96%	36.95%	36.64%	12.94%
Property Expenses	202.82	200.47	215.35	203.77	150.61	120.11
Selling, General & Administrative	70.08	72.61	74.58	69.31	57.6	49.44
Depreciation & Amortization	190.64	189.86	221.99	233.16	158.31	117.17
Other Operating Expenses	14.85	13.87	11.63	2.15	2.85	0.81
Total Operating Expenses	478.38	476.8	523.55	508.39	369.37	287.53
Operating Income	263.97	277.47	342.07	300.93	221.59	144.96
Interest Expense	-156.62	-154.26	-166.15	-110.6	-72.06	-62.6
Other Non-Operating Income	0.58	0.31	-1.02	-0.95	-0.91	-1.21
EBT Excluding Unusual Items	107.93	123.52	174.9	189.38	148.63	81.15
Gain (Loss) on Sale of Assets	4.09	63.84	63.91	5.47	-	-
Other Unusual Items	-0.32	-0.32	-0.24	-6.39	-	-
Pretax Income	111.7	187.04	238.58	188.45	148.63	81.15
Income Tax Expense	4	3.77	1.59	4.69	1.69	1.67
Earnings From Continuing Operations	107.7	183.27	236.99	183.77	146.94	79.48
Minority Interest in Earnings	-42.22	-71.75	-80.32	-80.03	-41.68	-30.87
Net Income	65.49	111.52	156.67	103.74	105.25	48.61
Preferred Dividends & Other Adjustments	20.5	20.49	19.08	13.48	13.16	13.14
Net Income to Common	44.99	91.03	137.59	90.25	92.09	35.47
Net Income Growth	-64.93%	-28.82%	51.02%	-1.44%	116.53%	1120.41%
Basic Shares Outstanding	76	77	87	91	81	67
Diluted Shares Outstanding	76	77	146	91	135	67
Shares Change (YoY)	-47.09%	-47.38%	60.04%	-32.18%	101.99%	14.43%
EPS (Basic)	0.59	1.18	1.58	0.99	1.13	0.53
EPS (Diluted)	0.12	1.18	1.48	0.99	0.98	0.53
EPS Growth	-93.53%	-20.15%	49.39%	0.58%	85.57%	-
Dividend Per Share	2.260	2.250	2.230	2.150	1.590	1.350
Dividend Growth	0.89%	0.90%	3.72%	35.22%	17.78%	6.30%
Operating Margin	35.56%	36.79%	39.52%	37.18%	37.50%	33.52%
Profit Margin	6.06%	12.07%	15.90%	11.15%	15.58%	8.20%
EBITDA	454.61	467.32	564.06	534.08	379.91	262.13
EBITDA Margin	61.24%	61.96%	65.16%	65.99%	64.28%	60.61%
D&A For Ebitda	190.64	189.86	221.99	233.16	158.31	117.17
EBIT	263.97	277.47	342.07	300.93	221.59	144.96
EBIT Margin	35.56%	36.79%	39.52%	37.18%	37.50%	33.52%
Funds From Operations (FFO)	303.21	304.12	341.53	353.89	255.39	166.91
FFO Per Share	-	2.40	2.67	2.74	2.24	1.69
Adjusted Funds From Operations (AFFO)	-	304.12	341.53	353.89	255.39	166.91
FFO Payout Ratio	56.61%	56.50%	55.90%	55.30%	51.57%	54.01%
Effective Tax Rate	3.58%	2.01%	0.67%	2.49%	1.14%	2.06%
Revenue as Reported	762.54	770.34	858.06	801.57	585.67	432.22

Updated May 5, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.

SEC Filings: 10-K · 10-Q