Company: NSA-PB
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0001628280-25-008656
Chunk: 57

Company: National Storage Affiliates Trust
Filing Date: 2025-02-27
Form: 10-K
Item: Item 7
Chunk 57
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 financial condition for the year ended December 31, 2024 compared to the year ended December 31, 2023 should be read in conjunction with the accompanying consolidated financial statements included in Item 8. The discussion and analysis of the results of our operations and financial condition for the year ended December 31, 2023 compared to the year ended December 31, 2022, can be found in Part II, "Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations" of our Annual Report on Form 10-K for the year ended December 31, 2023, which was filed with the SEC on February 28, 2024.

Certain figures, such as interest rates and other percentages, included in this section have been rounded for ease of presentation. Percentage figures included in this section have not in all cases been calculated on the basis of such rounded figures but on the basis of such amounts prior to rounding. For this reason, percentage amounts in this section may vary slightly from those obtained by performing the same calculations using the figures in our consolidated financial statements or in the associated text. Certain other amounts that appear in this section may similarly not sum due to rounding.

33

Year Ended December 31, 2024 compared to the Year Ended December 31, 2023 

Overview

 The following table illustrates the changes in rental revenue, other property-related revenue, management fees and other revenue, property operating expenses, and other expenses for the year ended December 31, 2024 compared to the year ended December 31, 2023 (dollars in thousands):

Year Ended December 31,20242023ChangeRental revenue$700,247 $793,966 $(93,719)Other property-related revenue27,362 29,686 (2,324)Management fees and other revenue42,726 34,411 8,315 Total revenue770,335 858,063 (87,728)Property operating expenses211,852 228,986 (17,134)General and administrative expenses57,606 59,281 (1,675)Depreciation and amortization189,855 221,993 (32,138)Other13,866 11,108 2,758 Total operating expenses473,179 521,368 (48,189)Other (expense) incomeInterest expense(154,260)(166,147)11,887 Loss on early extinguishment of debt