Company: NSA-PB
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0001628280-25-022674
Chunk: 14

Company: National Storage Affiliates Trust
Filing Date: 2025-05-06
Form: 10-Q
Item: Item 1
Chunk 14
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5,114)— — (5,114)Common share dividends— — — — — (43,574)— — (43,574)Distributions to noncontrolling interests— — — — — — — (33,853)(33,853)Other comprehensive loss— — — — — — (6,231)(4,800)(11,031)Net income— — — — — 12,994 — 6,525 19,519 Balances, March 31, 202514,697,845 $340,955 76,450,466 $764 $1,249,291 $(566,346)$9,315 $658,213 $1,692,192 

See notes to condensed consolidated financial statements.7

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

Three Months EndedMarch 31,20252024OPERATING ACTIVITIESNet income $19,519 $95,088 Adjustments to reconcile net income to net cash provided by operating activities:Depreciation and amortization 48,116 47,331 Amortization of debt issuance costs 1,475 1,709 Amortization of debt premium(116)(255)Gain on sale of self storage properties(1,425)(61,173)Equity-based compensation expense 3,079 1,855 Equity in losses of unconsolidated real estate ventures5,739 1,630 Distributions from unconsolidated real estate ventures4,863 5,479 Change in assets and liabilities, net of effects of self storage property acquisitions: Other assets 9,627 13,010 Accounts payable and accrued liabilities (5,467)(5,681)Deferred revenue 216 (4,992)Net Cash Provided by Operating Activities 85,626 94,001 INVESTING ACTIVITIESAcquisition of self storage properties(12,434)— Capital expenditures(5,731)(5,374)Deposits and advances for self storage properties and other acquisitions(171)— Expenditures for corporate furniture, equipment and other(89)(230)Investment in unconsolidated real estate ventures— (35