Company: NSA-PB
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001628280-25-048800
Chunk: 18

Company: National Storage Affiliates Trust
Filing Date: 2025-11-04
Form: 10-Q
Item: Item 1
Chunk 18
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1,099,000 Redemption of OP units(3,262)(9,504)Repurchase of common shares— (275,195)Principal payments under debt financings(532,326)(1,328,683)Payment of dividends to common shareholders(131,017)(128,338)Payment of dividends to preferred shareholders(15,345)(15,332)Distributions to noncontrolling interests(100,820)(100,872)Debt issuance costs(2,858)(3,601)Equity offering costs(583)(572)Net Cash Used In Financing Activities(299,411)(763,097)Decrease in Cash, Cash Equivalents and Restricted Cash(22,887)(9,268)

See notes to condensed consolidated financial statements.10

NATIONAL STORAGE AFFILIATES TRUSTCONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS(dollars in thousands)(Unaudited)

Nine Months EndedSeptember 30,20252024CASH, CASH EQUIVALENTS AND RESTRICTED CASHBeginning of period50,753 87,693 End of period$27,866 $78,425 

Supplemental Cash Flow InformationCash paid for interest$116,510 $106,345 Supplemental Disclosure of Non-Cash Investing and Financing ActivitiesConsideration exchanged in property acquisitionsOther net liabilities assumed117 174 Internalization of PRO structure:Issuance of OP Units for acquisition of intangible assets from former PROs— 62,311 Change in accrued capital spending(2,577)(468)

See notes to condensed consolidated financial statements.11

NATIONAL STORAGE AFFILIATES TRUSTNOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTSSeptember 30, 2025(Unaudited)

1. ORGANIZATION AND NATURE OF OPERATIONS

National Storage Affiliates Trust was organized in the state of Maryland on May 16, 2013 and is a fully integrated, self-administered and self-managed real estate investment trust focused on the self storage sector. As used herein, "NSA," the "Company," "we," "our," and "us" refers to National Storage Affiliates Trust and its consolidated subsidiaries, except where the context indicates otherwise. The Company has elected and believes that it has qualified to be taxed as a real estate investment trust for U.S. federal income tax purposes ("REIT") commencing