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National Storage Affiliates Trust (NSA)
NYSE:NSA
RESEARCH TOOLSreports
Earnings Data
Report Date
Apr 30, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.14Last Year’s EPS
0.65Same Quarter Last Year
Based on 8 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 26, 2025
|% Change Since: -2.80%
|Next Earnings Date:Apr 30, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed sentiment with significant strategic achievements, such as brand consolidation and operational efficiencies, and strong capital deployment. However, challenges such as a decline in same store revenue and NOI, interest expense impact, and leverage pressure were also highlighted. The company is optimistic about future market conditions and internal efficiencies driving growth.Company Guidance
During the National Storage Affiliate Trust's fourth quarter 2024 conference call, management provided guidance for 2025, detailing several key metrics. The company expects same-store revenue growth to be flat, with operating expenses growing by 3.5% and NOI declining by 1.4%. The guidance for core FFO per share is set at $2.34, down from $2.44 in 2024, primarily due to increased interest expenses and negative organic growth. Interest expense is anticipated to impact core FFO by approximately $0.05, due to expiring interest rate swaps. The acquisition and disposition ranges are forecasted between $100 million and $300 million, with a focus on leveraging joint ventures. Despite a challenging operating environment, the company anticipates improved performance in the second half of the year, driven by a recovering housing market and reduced supply pressures, with new deliveries expected to decline from 3.5% in 2024 to 2% by 2027.Strategic Portfolio Restructuring
In 2024, NSA consolidated its brands from 12 to 7, onboarded approximately 250 properties and over 380 employees, and completed the conversion to a single new property management system.
Capital Deployment and Share Repurchase
NSA deployed $150 million of growth capital in a joint venture, sold 49 core facilities for over $270 million, and repurchased $275 million of common shares.
Operational Efficiency Gains
NSA improved operational efficiencies by internalizing the pro structure and consolidating platforms, resulting in expected cost savings and improved execution capabilities.
Improving Market Conditions and Outlook
NSA anticipates a recovery in the housing market, which is expected to positively impact its operations. Supply in the market is expected to decline, with new deliveries decreasing from 3.5% in 2024 to 2% by 2027.
Core FFO Guidance
Core FFO per share was $0.60 for Q4 2024 and $2.44 for the full year, reaching the high end of the guidance range.
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NSA Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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NSA Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 26, 2025 | $38.23 | $39.00 | +2.01% |
| Oct 30, 2024 | $41.90 | $41.58 | -0.76% |
| Aug 05, 2024 | $41.34 | $41.27 | -0.17% |
| May 01, 2024 | $34.19 | $34.34 | +0.44% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does National Storage Affiliates Trust (NSA) report earnings?
National Storage Affiliates Trust (NSA) is schdueled to report earning on Apr 30, 2025, TBA Not Confirmed.
What is National Storage Affiliates Trust (NSA) earnings time?
National Storage Affiliates Trust (NSA) earnings time is at Apr 30, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is NSA EPS forecast?
NSA EPS forecast for the fiscal quarter 2025 (Q1) is 0.14.
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