Company: NSA-PB
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001618563-25-000023
Chunk: 59

Company: National Storage Affiliates Trust
Filing Date: 2025-08-05
Form: 10-Q
Item: Item 1
Chunk 59
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 $50,477 $127,368 Add (subtract):Real estate depreciation and amortization47,137 46,339 94,798 93,302 Equity in losses of unconsolidated real estate ventures3,945 4,449 9,684 6,079 Company's share of FFO in unconsolidated real estate ventures5,440 6,177 10,492 11,862 Gain on sale of self storage properties(9,571)(2,668)(10,996)(63,841)Distributions to preferred shareholders and unitholders(5,568)(5,568)(11,136)(11,136)FFO attributable to subordinated performance units(1)— (10,891)— (21,622)FFO attributable to common shareholders, OP unitholders, and LTIP unitholders72,341 70,118 143,319 142,012 Add:Acquisition costs457 480 860 987 Integration and executive severance costs(2)1,583 626 3,625 626 Core FFO attributable to common shareholders, OP unitholders, and LTIP unitholders$74,381 $71,224 $147,804 $143,625 Weighted average shares and units outstanding - FFO and Core FFO:(3)Weighted average shares outstanding - basic76,474 75,160 76,423 77,698 Weighted average restricted common shares outstanding26 21 24 22 Weighted average OP units outstanding52,115 37,644 52,131 37,638 Weighted average DownREIT OP unit outstanding5,769 2,120 5,769 2,120 Weighted average LTIP units outstanding888 673 906 683 Total weighted average shares and units outstanding - FFO and Core FFO135,272 115,618 135,253 118,161 FFO per share and unit$0.54 $0.61 $1.06 $1.20 Core FFO per share and unit$0.55 $0.62 $1.09 $1.22 (1)Amounts represent distributions declared for subordinated performance unitholders and DownREIT subordinated performance unitholders for the periods presented.(2)Executive severance costs relate