Company: NSA-PB
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0001628280-25-022674
Chunk: 29

Company: National Storage Affiliates Trust
Filing Date: 2025-05-06
Form: 10-Q
Item: Item 1
Chunk 29
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 to $0.4 million and $1.0 million for the three months ended March 31, 2025 and 2024, respectively. Amortization expense related to management contracts amounted to $1.3 million and $0.3 million for the three months ended March 31, 2025 and 2024, respectively. Amortization expense related to the tenant reinsurance intangible amounted to $0.9 million and $0.3 million for the three months ended March 31, 2025 and 2024, respectively.

18

8. DEBT FINANCING

The Company's outstanding debt as of March 31, 2025 and December 31, 2024 is summarized as follows (dollars in thousands):Interest Rate(1)March 31, 2025December 31, 2024Credit Facility:Revolving line of credit5.71 %$420,800 $443,300 Term loan D3.96 %275,000 275,000 Term loan E4.89 %130,000 130,000 2028 Term loan facility4.62 %75,000 75,000 April 2029 Term loan facility4.27 %100,000 100,000 June 2029 Term loan facility5.37 %285,000 285,000 May 2026 Senior Unsecured Notes2.16 %35,000 35,000 October 2026 Senior Unsecured Notes6.46 %65,000 65,000 July 2028 Senior Unsecured Notes5.75 %120,000 120,000 September 2028 Senior Unsecured Notes5.40 %75,000 75,000 October 2028 Senior Unsecured Notes6.55 %100,000 100,000 2029 Senior Unsecured Notes3.98 %100,000 100,000 August 2030 Senior Unsecured Notes2.99 %150,000 150,000 October 2030 Senior Unsecured Notes6.66 %35,000 35,000 November 2030 Senior Unsecured Notes2.72 %75,000 75,000 May 2031 Senior Unsecured Notes3.00 %90,000 90,000 August 2031 Senior Unsecured Notes4.08 %50