Company: NSA-PB
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001628280-25-048800
Chunk: 59

Company: National Storage Affiliates Trust
Filing Date: 2025-11-04
Form: 10-Q
Item: Item 1
Chunk 59
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588 Equity in (earnings) losses of unconsolidated real estate ventures(463)4,712 9,221 10,791 Company's share of FFO in unconsolidated real estate ventures5,627 6,164 16,119 18,026 Gain on sale of self storage properties— — (10,996)(63,841)Distributions to preferred shareholders and unitholders(5,568)(5,568)(16,704)(16,704)FFO attributable to subordinated performance units(1)— — — (21,622)FFO attributable to common shareholders, OP unitholders, and LTIP unitholders75,070 82,365 218,389 224,377 Add:Acquisition costs302 287 1,162 1,274 Integration and executive severance costs(2)1,137 907 4,762 1,534 Loss on early extinguishment of debt— 323 — 323 Core FFO attributable to common shareholders, OP unitholders, and LTIP unitholders$76,509 $83,882 $224,313 $227,508 Weighted average shares and units outstanding - FFO and Core FFO:(3)Weighted average shares outstanding - basic76,746 75,760 76,532 77,047 Weighted average restricted common shares outstanding23 19 23 21 Weighted average OP units outstanding51,833 52,740 52,030 42,709 Weighted average DownREIT OP unit outstanding5,769 5,769 5,769 3,346 Weighted average LTIP units outstanding851 663 887 676 Total weighted average shares and units outstanding - FFO and Core FFO135,222 134,951 135,241 123,799 FFO per share and unit$0.56 $0.61 $1.61 $1.81 Core FFO per share and unit$0.57 $0.62 $1.66 $1.84 (1)Amounts represent distributions declared for subordinated performance unitholders and DownREIT subordinated performance unitholders for the periods presented.(2)Executive severance costs relate to the nine months ended September 30, 2024 and are recorded within the