Company: NSA-PB
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0001628280-25-022674
Chunk: 31

Company: National Storage Affiliates Trust
Filing Date: 2025-05-06
Form: 10-Q
Item: Item 1
Chunk 31
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 credit totaling $6.7 million and would have had the capacity to borrow remaining Revolver commitments of $522.5 million while remaining in compliance with the credit facility's financial covenants. At March 31, 2025, the Company was in compliance with all such covenants.Future Debt ObligationsBased on existing debt agreements in effect as of March 31, 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$1,651 $(1,928)$(277)2026377,322 (2,285)375,037 2027638,169 (1,664)636,505 2028460,624 (1,369)459,255 2029487,789 (649)487,140 2030262,964 (376)262,588 Thereafter1,207,541 (1,123)1,206,418 $3,436,060 $(9,394)$3,426,666 

20

9. EARNINGS PER SHARE

The following table sets forth the computation of basic and diluted earnings per common share for the three months ended March 31, 2025 and 2024 (dollars in thousands, except per share amounts):Three Months Ended March 31,20252024Earnings per common share - basic and dilutedNumeratorNet income$19,519 $95,088 Net income attributable to noncontrolling interests(6,525)(36,061)Net income attributable to National Storage Affiliates Trust12,994 59,027 Distributions to preferred shareholders(5,114)(5,110)Distributed and undistributed earnings allocated to participating securities(15)(13)Net income attributable to common shareholders - basic7,865 53,904 Effect of assumed conversion of dilutive securities— 35,218 Net income attributable to common shareholders - diluted$7,865 $89,122 DenominatorWeighted average shares outstanding - basic76,372 80,236 Effect of dilutive securities:Weighted average OP units outstanding— 37,633 Weighted average DownREIT OP unit outstanding— 2,120 Weighted