National Storage Affiliates Trust (NSA)

NSA Revenue by Segment

Period Ending	Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019	Dec 31, 2018
Rental Income	689.34M	700.25M	727.91M	755.28M	780.22M	793.97M	791.26M	783.15M
Rental Income Growth	-11.65%	-11.80%	-8.01%	-3.56%	1.53%	6.03%	10.74%	18.62%
Management Fees and Other Income	45.79M	42.73M	39.56M	37.36M	36.43M	34.41M	31.71M	28.81M
Management Fees and Other Income Growth	25.69%	24.16%	24.77%	29.71%	29.49%	24.57%	15.85%	6.68%
Other Property Related Income	27.41M	27.36M	28.16M	28.52M	29.57M	29.69M	28.41M	27.04M
Other Property Related Income Growth	-7.29%	-7.83%	-0.89%	5.44%	14.74%	18.13%	15.71%	16.11%

FFO and Core FFO

Period Ending	Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019	Dec 31, 2018
Core FFO	309.74M	308.72M	311.11M	312.99M	329.96M	343.43M	350.71M	358.07M
Core FFO Growth	-6.13%	-10.11%	-11.29%	-12.59%	-8.72%	-5.40%	-0.10%	10.03%
FFO	303.21M	304.13M	307.75M	310.80M	329.16M	341.53M	348.05M	348.85M
FFO Growth	-7.88%	-10.95%	-11.58%	-10.91%	-6.30%	-3.49%	1.79%	8.11%

Operating Metrics

Period Ending	Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019	Dec 31, 2018
Total Operated Stores	1.08K	1.07K	1.07K	1.05K	1.05K	1.05K	1.12K	1.12K
Total Operated Stores Growth	2.38%	2.29%	-4.38%	-5.82%	-6.00%	-4.63%	1.73%	3.81%
Ending Same-Store Occupancy	83.60	84.40	86.00	89.60	85.60	86.00	88.50	90.00											-	-	-	-	-	-	-	-
Ending Total Store Occupancy	83.30	85.10	88.60	89.50	89.40	85.30	87.90	89.20

Operating Expense Breakdown

Period Ending	Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019	Dec 31, 2018
Property Operations	212.26M	211.85M	216.44M	222.30M	227.20M	228.99M	225.51M	222.06M
Property Operations Growth	-6.57%	-7.48%	-4.02%	0.11%	4.15%	8.51%	11.51%	19.03%
Depreciation and Amortization	190.64M	189.86M	195.69M	203.87M	213.87M	221.99M	225.57M	229.36M
Depreciation and Amortization Growth	-10.86%	-14.48%	-13.25%	-11.11%	-7.23%	-4.79%	-0.39%	11.45%
General and Administrative	55.08M	57.61M	59.93M	61.92M	60.13M	59.28M	59.67M	59.87M
General and Administrative Growth	-8.41%	-2.83%	0.44%	3.43%	-0.05%	-0.05%	2.41%	6.94%
Other Expenses	14.85M	13.87M	13.09M	13.58M	13.43M	11.11M	9.72M	11.94M
Other Expenses Growth	10.60%	24.83%	34.68%	13.80%	45.31%	30.12%	14.28%	279.97%

Source: Business metrics provided by Main Street Data and sourced from official company press releases and documents.