Company: NSA-PB
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001618563-25-000023
Chunk: 18

Company: National Storage Affiliates Trust
Filing Date: 2025-08-05
Form: 10-Q
Item: Item 1
Chunk 18
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(11,848)(9,084)Deposits and advances for self storage properties and other acquisitions(122)(1,495)Expenditures for corporate furniture, equipment and other(310)(367)Investment in unconsolidated real estate ventures(4,503)(36,149)Net proceeds from sale of self storage properties66,102 616,812 Net Cash Provided by Investing Activities 25,549 544,654 FINANCING ACTIVITIESBorrowings under debt financings314,000 419,000 Redemption of OP units(125)(9,504)Repurchase of common shares— (275,195)Principal payments under debt financings(359,476)(712,964)Payment of dividends to common shareholders(87,212)(85,730)Payment of dividends to preferred shareholders(10,228)(10,220)Distributions to noncontrolling interests(67,377)(66,640)Debt issuance costs(2,858)(700)Equity offering costs(583)(572)Net Cash Used In Financing Activities(213,859)(742,525)Decrease in Cash, Cash Equivalents and Restricted Cash(22,808)(20,654)CASH, CASH EQUIVALENTS AND RESTRICTED CASHBeginning of period50,753 87,693 End of period$27,945 $67,039 

See notes to condensed consolidated financial statements.9

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

Six Months EndedJune 30,20252024Supplemental Cash Flow InformationCash paid for interest$78,309 $74,895 Supplemental Disclosure of Non-Cash Investing and Financing ActivitiesConsideration exchanged in property acquisitionsOther net liabilities assumed117 174 Change in accrued capital spending178 (433)

See notes to condensed consolidated financial statements.10

NATIONAL STORAGE AFFILIATES TRUSTNOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTSJune 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, "NS