National Storage Affiliates Trust (NSA)

NSA Income Statement

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

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

Updated Feb 27, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.

SEC Filings: 10-K · 10-Q