National Storage Affiliates Trust Reports Q1 2025 Earnings

National Storage Affiliates Trust ( (NSA) ) has released its Q1 earnings. Here is a breakdown of the information National Storage Affiliates Trust presented to its investors.

National Storage Affiliates Trust, a real estate investment trust based in Greenwood Village, Colorado, specializes in owning, operating, and acquiring self-storage properties across the United States, focusing on top metropolitan areas. In its first quarter of 2025, NSA reported a significant decline in net income to $19.5 million, a 79.5% decrease from the previous year, with diluted earnings per share dropping to $0.10 from $0.65. Core funds from operations also saw a decrease, with a 10% drop per share compared to the previous year. The company experienced a 5.7% decrease in same-store net operating income due to a decline in revenues and an increase in operating expenses. Despite these challenges, NSA acquired three new properties and maintained a strong balance sheet with no immediate debt maturities. Looking ahead, NSA remains optimistic about the medium-term outlook for the self-storage sector, with management expressing confidence in overcoming current economic uncertainties and improving occupancy and revenue growth.