NSA · As filed with the SEC
National Storage Affiliates Trust income statement, by fiscal year
The statement as National Storage Affiliates Trust presents it in its 10-Q and 10-K: its own lines, labels and order. Tables over time lines up standardized figures across every filing.
CONSOLIDATED STATEMENTS OF OPERATIONS · USD thousands, except per-share amounts; shares in thousands
| USD thousands, except per-share amounts; shares in thousands | FY2025 Year ended Dec 31, 2025 | FY2024 Year ended Dec 31, 2024 | FY2023 Year ended Dec 31, 2023 | FY2022 Year ended Dec 31, 2022 | FY2021 Year ended Dec 31, 2021 | FY2020 Year ended Dec 31, 2020 | FY2019 Year ended Dec 31, 2019 | FY2018 Year ended Dec 31, 2018 |
|---|---|---|---|---|---|---|---|---|
| REVENUE | ||||||||
| Rental revenue | — | — | — | — | — | — | — | 308,403 |
| Rental revenue | 678,489 | 700,247 | 793,966 | 748,814 | 541,547 | 394,660 | 354,859 | — |
| Other property-related revenue | 25,911 | 27,362 | 29,686 | 25,131 | 19,750 | 14,524 | 12,302 | 10,183 |
| Management fees and other revenue | 48,529 | 42,726 | 34,411 | 27,624 | 24,374 | 23,038 | 20,735 | 12,310 |
| Total revenue | 752,929 | 770,335 | 858,063 | 801,569 | 585,671 | 432,222 | 387,896 | 330,896 |
| OPERATING EXPENSES | ||||||||
| Property operating expenses | 217,546 | 211,852 | 228,986 | 211,025 | 155,265 | 123,486 | 110,347 | 103,875 |
| General and administrative expenses | 51,130 | 57,606 | 59,281 | 59,311 | 51,001 | 43,640 | 45,581 | 36,220 |
| Depreciation and amortization | 189,320 | 189,855 | 221,993 | 233,158 | 158,312 | 117,174 | 105,119 | 89,147 |
| Total operating expenses | — | — | — | — | — | — | — | 229,242 |
| Income from operations | — | — | — | — | — | — | — | 101,654 |
| Other | 16,291 | 13,866 | 11,108 | 8,537 | 2,853 | 808 | — | — |
| Total operating expenses | 474,287 | 473,179 | 521,368 | 512,031 | 367,431 | 285,108 | 261,047 | — |
| Interest expense | — | — | (166,147) | (110,599) | (72,062) | (62,595) | (56,464) | (42,724) |
| OTHER (EXPENSE) INCOME | ||||||||
| Interest expense | (162,445) | (154,260) | — | — | — | — | — | — |
| Loss on early extinguishment of debt | 0 | (323) | (758) | — | — | — | — | 0 |
| Equity in (losses) earnings of unconsolidated real estate ventures | (7,327) | (16,075) | 7,553 | 7,745 | 5,294 | 265 | (4,970) | (1,423) |
| Acquisition costs | — | — | (1,659) | (2,745) | (1,941) | (2,424) | (1,317) | — |
| Acquisition and integration costs | (6,721) | (3,616) | — | — | — | — | — | (663) |
| Non-operating income (expense) | 934 | 314 | (1,016) | (951) | (906) | (1,211) | 452 | (91) |
| Gain on sale of self storage properties | 16,293 | 63,841 | 63,910 | 5,466 | 0 | 0 | 2,814 | 391 |
| Other expense, net | (159,266) | (110,119) | (98,117) | (101,084) | (69,615) | (65,965) | (59,485) | (44,510) |
| Income before income taxes | 119,376 | 187,037 | 238,578 | 188,454 | 148,625 | 81,149 | 67,364 | 57,144 |
| Income tax expense | (3,102) | (3,767) | (1,590) | (4,689) | (1,690) | (1,671) | (1,351) | (818) |
| Net income | 116,274 | 183,270 | 236,988 | 183,765 | 146,935 | 79,478 | 66,013 | 56,326 |
| Net income attributable to noncontrolling interests | (42,490) | (71,752) | (80,319) | (80,028) | (41,682) | (30,869) | (62,030) | (42,217) |
| Net income attributable to National Storage Affiliates Trust | 73,784 | 111,518 | 156,669 | 103,737 | 105,253 | 48,609 | 3,983 | 14,109 |
| Distributions to preferred shareholders | (20,462) | (20,445) | (19,019) | (13,425) | (13,104) | (13,097) | (12,390) | (10,350) |
| Net income attributable to common shareholders | 53,322 | 91,073 | 137,650 | 90,312 | 92,149 | 35,512 | (8,407) | 3,759 |
| Earnings (loss) per share - basic and diluted (in dollars per share) | — | — | — | — | — | 0.53 | (0.15) | — |
| Weighted average shares outstanding - basic and diluted (in shares) | — | — | — | — | — | — | 58,208 | — |
| EARNINGS PER SHARE | ||||||||
| Earnings per share - basic (in dollars per share) | 0.69 | 1.18 | 1.58 | 0.99 | 1.13 | — | — | 0.07 |
| Earnings per share - diluted (in dollars per share) | 0.69 | 1.18 | 1.48 | 0.99 | 0.98 | — | — | 0.07 |
| Weighted average shares outstanding - basic (in shares) | 76,638 | 76,844 | 86,846 | 91,239 | 81,195 | 66,547 | — | 53,293 |
| Weighted average shares outstanding - diluted (in shares) | 76,638 | 76,844 | 146,023 | 91,239 | 134,538 | 66,607 | — | 53,293 |
As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.