Company: NSA-PB
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0001628280-25-008656
Chunk: 65

Company: National Storage Affiliates Trust
Filing Date: 2025-02-27
Form: 10-K
Item: Item 7
Chunk 65
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) of unconsolidated real estate ventures16,075 (7,553)(7,745)Company's share of FFO in unconsolidated real estate ventures24,156 24,636 24,817 Gain on sale of self storage properties(63,841)(63,910)(5,466)Distributions to preferred shareholders and unitholders(22,273)(20,330)(14,510)FFO attributable to subordinated performance unitholders(1)(21,622)(49,040)(58,838)FFO attributable to common shareholders, OP unitholders, and LTIP unitholders304,123 341,528 353,893 Add (subtract):Acquisition costs1,602 1,659 2,745 Integration and executive severance costs(2)2,671 — — Casualty-related (recoveries) expenses(3)— (522)6,388 Loss on early extinguishment of debt323 758 — Core FFO attributable to common shareholders, OP unitholders, and LTIP unitholders$308,719 $343,423 $363,026 Weighted average shares and units outstanding - FFO and Core FFO:(4)Weighted average shares outstanding - basic76,844 86,846 91,239 Weighted average restricted common shares outstanding20 25 27 Weighted average OP units outstanding45,110 38,302 35,421 Weighted average DownREIT OP unit equivalents outstanding3,955 2,120 1,925 Weighted average LTIP units outstanding684 553 514 Total weighted average shares and units outstanding - FFO and Core FFO126,613 127,846 129,126 FFO per share and unit$2.40 $2.67 $2.74 Core FFO per share and unit$2.44 $2.69 $2.81 

(1)Amounts represent distributions declared for subordinated performance unitholders and DownREIT subordinated performance unitholders for the periods presented.(2)Integration costs relate to expenses incurred as a part of the internalization of the PRO structure. Executive severance costs are recorded within the line items "General and administrative expenses" and "Non-operating (expense) income" in our condensed consolidated statements of operations.(3)Casualty-related recoveries