Company: NSA-PB
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001628280-25-048800
Chunk: 49

Company: National Storage Affiliates Trust
Filing Date: 2025-11-04
Form: 10-Q
Item: Item 1
Chunk 49
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 in this section have been rounded for ease of presentation. Percentage figures included in this section have not in all cases been calculated on the basis of such rounded figures but on the basis of such amounts prior to rounding. For this reason, percentage amounts in this section may vary slightly from those obtained by performing the same calculations using the figures in our condensed consolidated financial statements or in the associated text. Certain other amounts that appear in this section may similarly not sum due to rounding.

Three Months Ended September 30, 2025 compared to the Three 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 three months ended September 30, 2025 compared to the three months ended September 30, 2024 (dollars in thousands):

Three Months Ended September 30,20252024ChangeRental revenue$169,907 $174,467 $(4,560)Other property-related revenue6,459 7,405 (946)Management fees and other revenue12,336 11,749 587 Total revenue188,702 193,621 (4,919)Property operating expenses55,347 52,712 2,635 General and administrative expenses11,460 13,114 (1,654)Depreciation and amortization46,885 47,661 (776)Other4,101 3,643 458 Total operating expenses117,793 117,130 663 Other (expense) incomeInterest expense(40,549)(39,575)(974)Loss on early extinguishment of debt— (323)323 Equity in earnings (losses) of unconsolidated real estate ventures463 (4,712)5,175 Acquisition and integration costs(1,439)(1,164)(275)Non-operating income (expense)503 (83)586 Other expense, net(41,022)(45,857)4,835 Income before income taxes 29,887 30,634 (747)Income tax expense(871)(863)(8)Net income29,016 29,771 (755)Net income attributable to noncontrolling interests(10,589)(11,070)481 Net income attributable to National Storage Affiliates Trust18,427 18,701 (274)Distributions to preferred