National Storage Affiliates Trust

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Total Revenue $199.0m $268.1m $330.9m $387.9m $432.2m $585.7m $801.6m $858.1m $770.3m $752.9m
Revenues:
Cost of Goods and Services Sold $119.9m $159.6m $103.9m $110.3m $123.5m $155.3m $211.0m $229.0m $211.9m $217.5m
Gross Profit (Calculated) (derived) $79.2m $108.6m $227.0m $277.5m $308.7m $430.4m $590.5m $629.1m $558.5m $535.4m
Operating Expenses $141.4m $189.6m $229.2m
Operating Income (Loss) $57.7m $78.5m $101.7m
Additional Financial Items
Income (Loss) from Equity Method Investments ($1.5m) ($2.3m) ($1.4m) ($5.0m) $265k $5.3m $7.7m $7.6m ($16.1m) ($7.3m)
Operating Lease, Lease Income $354.9m $394.7m $541.5m $748.8m $794.0m $700.2m $678.5m
Debt and Equity Securities, Unrealized Gain (Loss) $610k ($142k) $0 $0
Goodwill, Impairment Loss $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Preferred Stock Dividends, Income Statement Impact $2.3m $10.3m $12.4m $13.1m $13.1m $13.4m $19.0m $20.4m $20.5m
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest $47.2m $57.1m $67.4m $81.1m $148.6m $188.5m $238.6m $187.0m $119.4m
Net Income (Loss) Attributable to Parent $18.0m $3.0m $14.1m $4.0m $48.6m $105.3m $103.7m $156.7m $111.5m $73.8m
Net Income (Loss) Available to Common Stockholders, Basic $18.0m $661k $3.8m ($8.4m) $35.5m $92.1m $90.3m $137.7m $91.1m $53.3m
Net Income (Loss) Attributable to Noncontrolling Interest $6.9m $43.0m $42.2m $62.0m $30.9m $41.7m $80.0m $80.3m $71.8m $42.5m
Earnings Per Share, Basic $0.60 $0.01 $0.07 ($0.15) $0.53 $1.13 $0.99 $1.58 $1.18 $0.69
Earnings Per Share, Diluted $0.31 $0.01 $0.07 ($0.15) $0.53 $0.98 $0.99 $1.48 $1.18 $0.69
Common Stock, Dividends, Per Share, Declared $0.88 $1.04 $1.16 $1.27 $1.35 $1.59 $2.15 $2.23 $2.25 $2.28
Weighted Average Number of Shares Outstanding, Basic 29.9m 44.4m 53.3m 58.2m 66.5m 81.2m 91.2m 86.8m 76.8m 76.6m
Weighted Average Number of Shares Outstanding, Diluted 78.7m 44.4m 53.3m 58.2m 66.6m 134.5m 91.2m 146.0m 76.8m 76.6m
General and Administrative Expense $21.5m $30.1m $36.2m $45.6m $43.6m $51.0m $59.3m $59.3m $57.6m $51.1m
Other Nonoperating Income (Expense) ($515k) ($58k) ($91k) $452k ($1.2m) ($906k) ($951k) ($1.0m) $314k $934k
Interest Expense (non-operating) $154.3m $162.4m
Business Combination, Acquisition Related Costs $6.5m $593k $663k $3.6m $6.7m
Interest Expense $24.1m $34.1m $42.7m $56.5m $62.6m $72.1m $110.6m $166.1m $154.3m $162.4m
Other General Expense $808k $2.9m $8.5m $11.1m $13.9m $16.3m
Income Tax Expense (Benefit) $368k $1.2m $818k $1.4m $1.7m $1.7m $4.7m $1.6m $3.8m $3.1m