Company: NSA-PB
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001618563-25-000023
Chunk: 17

Company: National Storage Affiliates Trust
Filing Date: 2025-08-05
Form: 10-Q
Item: Item 1
Chunk 17
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523)— (18)— — — (18)Equity offering costs— — — — (10)— — — (10)Preferred share dividends— — — — — (5,114)— — (5,114)Common share dividends— — — — — (43,638)— — (43,638)Distributions to noncontrolling interests— — — — — — — (33,812)(33,812)Other comprehensive loss— — — — — — (3,330)(2,559)(5,889)Net income— — — — — 19,471 — 11,487 30,958 Balances, June 30, 202514,697,845 $340,955 76,558,740 $765 $1,249,996 $(595,627)$5,993 $635,600 $1,637,682 

See notes to condensed consolidated financial statements.8

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

Six Months EndedJune 30,20252024OPERATING ACTIVITIESNet income $50,477 $127,368 Adjustments to reconcile net income to net cash provided by operating activities:Depreciation and amortization 95,728 94,041 Amortization of debt issuance costs 3,087 3,418 Amortization of debt premium(233)(373)Gain on sale of self storage properties(10,996)(63,841)Equity-based compensation expense 6,217 4,186 Equity in losses of unconsolidated real estate ventures9,684 6,079 Distributions from unconsolidated real estate ventures9,653 11,136 Change in assets and liabilities, net of effects of self storage property acquisitions: Other assets 4,993 2,449 Accounts payable and accrued liabilities (3,609)(1,234)Deferred revenue 501 (6,012)Net Cash Provided by Operating Activities 165,502 177,217 INVESTING ACTIVITIESAcquisition of self storage properties(23,770)(25,063)Capital expenditures