Company: NSA-PB
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0001628280-25-022674
Chunk: 15

Company: National Storage Affiliates Trust
Filing Date: 2025-05-06
Form: 10-Q
Item: Item 1
Chunk 15
---
,774)Net proceeds from sale of self storage properties8,752 608,777 Net Cash (Used In) Provided by Investing Activities (9,673)567,399 FINANCING ACTIVITIESBorrowings under debt financings134,000 240,000 Redemption of OP units— (381)Repurchase of common shares— (203,528)Principal payments under debt financings(157,033)(613,401)Payment of dividends to common shareholders(43,574)(43,751)Payment of dividends to preferred shareholders(5,114)(5,110)Distributions to noncontrolling interests(33,709)(33,809)Debt issuance costs(528)— Equity offering costs(573)(33)Net Cash Used In Financing Activities(106,531)(660,013)(Decrease) Increase in Cash, Cash Equivalents and Restricted Cash(30,578)1,387 CASH, CASH EQUIVALENTS AND RESTRICTED CASHBeginning of period50,753 87,693 End of period$20,175 $89,080 

See notes to condensed consolidated financial statements.8

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

Three Months EndedMarch 31,20252024Supplemental Cash Flow InformationCash paid for interest$37,268 $33,605 Supplemental Disclosure of Non-Cash Investing and Financing ActivitiesConsideration exchanged in property acquisitionsOther net liabilities assumed60 — Change in accrued capital spending260 (125)

See notes to condensed consolidated financial statements.9

NATIONAL STORAGE AFFILIATES TRUSTNOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTSMarch 31, 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, "NSA," the "Company," "we," "our," and "us" refers to National Storage Affiliates Trust and its consolidated subsidiaries, except where the context indicates otherwise. The Company has elected and believes that it has qualified to be taxed as a real estate investment trust for U