Company: NSA-PB
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001628280-25-048800
Chunk: 53

Company: National Storage Affiliates Trust
Filing Date: 2025-11-04
Form: 10-Q
Item: Item 1
Chunk 53
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 months ended September 30, 2025, compared to $11.1 million for the three months ended September 30, 2024. 

Nine Months Ended September 30, 2025 compared to the Nine Months Ended September 30, 2024 

The following table illustrates the changes in rental revenue, other property-related revenue, management fees and other revenue, property operating expenses, and other expenses for the nine months ended September 30, 2025 compared to the nine months ended September 30, 2024 (dollars in thousands):

35

Nine Months Ended September 30,20252024ChangeRental revenue$509,220 $529,218 $(19,998)Other property-related revenue19,977 20,654 (677)Management fees and other revenue36,701 30,345 6,356 Total revenue565,898 580,217 (14,319)Property operating expenses166,078 159,607 6,471 General and administrative expenses37,409 44,977 (7,568)Depreciation and amortization142,613 141,702 911 Other13,077 10,510 2,567 Total operating expenses359,177 356,796 2,381 Other (expense) incomeInterest expense(122,293)(114,920)(7,373)Loss on early extinguishment of debt— (323)323 Equity in losses of unconsolidated real estate ventures(9,221)(10,791)1,570 Acquisition and integration costs(5,924)(2,151)(3,773)Non-operating income1,325 352 973 Gain on sale of self storage properties10,996 63,841 (52,845)Other expense, net(125,117)(63,992)(61,125)Income before income taxes 81,604 159,429 (77,825)Income tax expense(2,111)(2,290)179 Net income79,493 157,139 (77,646)Net income attributable to noncontrolling interests(28,601)(62,349)33,748 Net income attributable to National Storage Affiliates Trust50,892 94,790 (43,898)Distributions to preferred shareholders(15,345)(15,332)(13)Net income attributable to common shareholders$35,547