Company: NSA-PB
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0001628280-25-022674
Chunk: 12

Company: National Storage Affiliates Trust
Filing Date: 2025-05-06
Form: 10-Q
Item: Item 1
Chunk 12
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March 31,20252024Net income$19,519 $95,088 Other comprehensive income (loss)Unrealized (loss) gain on derivative contracts(7,799)20,413 Reclassification of other comprehensive income to interest expense(3,232)(9,314)Other comprehensive (loss) income(11,031)11,099 Comprehensive income8,488 106,187 Comprehensive income attributable to noncontrolling interests(1,725)(39,781)Comprehensive income attributable to National Storage Affiliates Trust$6,763 $66,406 

See notes to condensed consolidated financial statements.5

NATIONAL STORAGE AFFILIATES TRUSTCONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (dollars in thousands, except number of shares)(Unaudited)

AccumulatedAdditionalDistributionsOtherPreferred SharesCommon SharesPaid-inIn Excess OfComprehensiveNoncontrollingTotalNumberAmountNumberAmountCapitalEarnings(Loss) IncomeInterestsEquityBalances, December 31, 202314,685,716 $340,651 82,285,995 $823 $1,509,563 $(449,907)$21,058 $703,653 $2,125,841 Redemptions of OP units— — 72,802 1 1,025 — 19 (1,426)(381)Repurchase of common shares— — (5,491,925)(55)(203,518)— — — (203,573)Effect of changes in ownership for consolidated entities— — — — 40,676 — (620)(40,056)— Equity-based compensation expense— — — — 109 — — 1,746 1,855 Issuance of restricted common shares— — 8,886 — — — — — — Vesting and forfeitures of restricted common shares, net— — (2,658)— (88)— — — (88)Equity offering costs— — — — (255)— — — (255)Preferred share dividends— — — — — (5,110)— — (5,110)Common share dividends— — — — —