Company: NSA-PB
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001618563-25-000023
Chunk: 36

Company: National Storage Affiliates Trust
Filing Date: 2025-08-05
Form: 10-Q
Item: Item 1
Chunk 36
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1 million while remaining in compliance with the credit facility's financial covenants. At June 30, 2025, the Company was in compliance with all such covenants.Future Debt ObligationsBased on existing debt agreements in effect as of June 30, 2025, the scheduled principal and maturity payments for the Company's outstanding borrowings are presented in the table below (dollars in thousands):Year Ending December 31,Scheduled Principal and Maturity PaymentsAmortization of Premium and Unamortized Debt Issuance CostsTotalRemainder of 2025$1,109 $(1,579)$(470)2026377,322 (2,865)374,457 2027616,269 (2,234)614,035 2028460,624 (1,939)458,685 2029487,789 (844)486,945 2030262,964 (376)262,588 Thereafter1,207,541 (1,122)1,206,419 $3,413,618 $(10,959)$3,402,659 

9. EARNINGS PER SHARE

The following table sets forth the computation of basic and diluted earnings per common share for the three and six months ended June 30, 2025 and 2024 (dollars in thousands, except per share amounts):Three Months EndedJune 30,Six Months EndedJune 30,2025202420252024Earnings per common share - basic and dilutedNumeratorNet income$30,958 $32,280 $50,477 $127,368 Net income attributable to noncontrolling interests(11,487)(15,218)(18,012)(51,279)Net income attributable to National Storage Affiliates Trust19,471 17,062 32,465 76,089 Distributions to preferred shareholders(5,114)(5,110)(10,228)(10,220)Distributed and undistributed earnings allocated to participating securities(14)(11)(29)(24)Net income attributable to common shareholders - basic and diluted$14,343 $11,941 $22,208 $65,845 DenominatorWeighted average shares outstanding - basic and diluted76,474 75,160 76,423 77,698 Earnings per share - basic and diluted$0.19 $0.16