Company: NSA-PB
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001628280-25-048800
Chunk: 33

Company: National Storage Affiliates Trust
Filing Date: 2025-11-04
Form: 10-Q
Item: Item 1
Chunk 33
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 include investments classified as annexes to existing properties. DispositionsDuring the nine months ended September 30, 2025, the Company sold 12 self storage properties to third parties for net proceeds of approximately $73.1 million. The Company recorded a net gain on the dispositions of approximately $11.0 million.

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7. OTHER ASSETS

Other assets consist of the following (dollars in thousands):September 30, 2025December 31, 2024Customer in-place leases, net of accumulated amortization of $1,054 and $380, respectively $461 $1,058 Receivables:Trade, net6,716 8,689 Tenant insurance, former PROs and other8,986 10,169 Receivable from unconsolidated real estate ventures3,305 8,057 Property acquisition deposits— 198 Interest rate swaps7,513 22,596 Prepaid expenses and other11,450 11,392 Corporate furniture, equipment and other, net2,551 2,916 Trade names12,256 12,256 Management contracts, net of accumulated amortization of $11,715 and $9,117, respectively40,250 42,848 Tenant reinsurance intangible assets, net of accumulated amortization of $9,000 and $6,264, respectively87,385 90,121 Goodwill8,182 8,182 Total$189,055 $218,482 Amortization expense related to customer in-place leases amounted to $0.4 million and $0.4 million for the three months ended September 30, 2025 and 2024, respectively and $1.3 million and $1.8 million for the nine months ended September 30, 2025 and 2024, respectively. Amortization expense related to management contracts amounted to $0.9 million and $0.8 million for the three months ended September 30, 2025 and 2024, respectively and $3.2 million and $1.5 million for the nine months ended September 30, 2025 and 2024, respectively. Amortization expense related to the tenant reinsurance intangible amounted to $0.9 million and $0.8 million for the three months ended September 30, 2025 and 2024, respectively, and $2.7 million and $1.