NSA · As filed with the SEC
National Storage Affiliates Trust balance sheet, 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 BALANCE SHEETS · USD thousands
| USD thousands | FY2025 Dec 31, 2025 | FY2024 Dec 31, 2024 | FY2023 Dec 31, 2023 | FY2022 Dec 31, 2022 | FY2021 Dec 31, 2021 | FY2020 Dec 31, 2020 | FY2019 Dec 31, 2019 | FY2018 Dec 31, 2018 |
|---|---|---|---|---|---|---|---|---|
| ASSETS | ||||||||
| Real estate | ||||||||
| Self storage properties | 5,814,854 | 5,864,134 | 5,792,174 | 6,391,572 | 5,798,188 | 3,639,192 | 3,091,719 | 2,637,723 |
| Less accumulated depreciation | (1,213,537) | (1,051,638) | (874,359) | (772,661) | (578,717) | (443,623) | (337,822) | (246,261) |
| Self storage properties, net | 4,601,317 | 4,812,496 | 4,917,815 | 5,618,911 | 5,219,471 | 3,195,569 | 2,753,897 | 2,391,462 |
| Cash and cash equivalents | 23,328 | 50,408 | 64,980 | 35,312 | 25,013 | 18,723 | 20,558 | 13,181 |
| Restricted cash | 310 | 345 | 22,713 | 6,887 | 2,862 | 2,978 | 3,718 | 3,182 |
| Debt issuance costs, net | 2,890 | 5,632 | 8,442 | 1,393 | 2,433 | 2,496 | 3,264 | 1,260 |
| Investment in unconsolidated real estate ventures | 231,779 | 246,193 | 211,361 | 227,441 | 188,187 | 202,533 | 214,061 | 245,125 |
| Other assets, net | 185,403 | 218,482 | 134,002 | 156,228 | 102,417 | 68,149 | 65,441 | 75,053 |
| Assets held for sale | — | — | — | — | — | — | — | 0 |
| Assets held for sale, net | 14,519 | 0 | 550,199 | — | — | — | — | — |
| Operating lease right-of-use assets | 20,569 | 20,906 | 22,299 | 23,835 | 22,211 | 23,129 | 23,306 | — |
| Total assets | 5,080,115 | 5,354,462 | 5,931,811 | 6,070,007 | 5,562,594 | 3,513,577 | 3,084,245 | 2,729,263 |
| LIABILITIES AND EQUITY | ||||||||
| Liabilities | ||||||||
| Debt financing | 3,405,102 | 3,449,087 | 3,658,205 | 3,551,179 | 2,940,931 | 1,916,971 | 1,534,047 | 1,278,102 |
| Accounts payable and accrued liabilities | 94,627 | 98,657 | 92,766 | 80,377 | 59,262 | 47,043 | 57,909 | 33,130 |
| Deferred revenue | — | — | — | — | — | — | — | 15,732 |
| Interest rate swap liabilities | — | — | — | — | 33,757 | 77,918 | — | — |
| Interest rate swap liabilities | 4,052 | 471 | 3,450 | 483 | — | — | — | — |
| Operating lease liabilities | 22,620 | 22,888 | 24,195 | 25,741 | 23,981 | 24,756 | 24,665 | — |
| Deferred revenue | 19,931 | 20,012 | 27,354 | 23,213 | 22,208 | 16,414 | 15,523 | — |
| Total liabilities | 3,546,332 | 3,591,115 | 3,805,970 | 3,680,993 | 3,080,139 | 2,083,102 | 1,632,144 | 1,326,964 |
| Equity | ||||||||
| Preferred Stock, Value, Outstanding | 341,130 | 340,895 | — | 225,439 | 218,418 | 218,318 | 218,178 | 172,500 |
| Series A Preferred Shares | — | — | 225,439 | — | — | — | — | — |
| Series B Preferred Stock | — | — | 115,212 | — | — | — | — | — |
| Common shares of beneficial interest, par value $0.01 per share. 250,000,000 authorized, 77,089,734 and 76,344,661 shares issued and outstanding at December 31, 2025 and 2024, respectively | 771 | 763 | 823 | 898 | 912 | 713 | 597 | 567 |
| Additional paid-in capital | 1,251,961 | 1,249,426 | 1,509,563 | 1,777,984 | 1,866,773 | 1,050,714 | 905,763 | 844,276 |
| Distributions in excess of earnings | (652,240) | (530,652) | (449,907) | (396,650) | (291,263) | (251,704) | (197,075) | (114,122) |
| Accumulated other comprehensive income | 4,416 | 15,548 | 21,058 | 40,530 | (19,611) | (49,084) | (7,833) | 13,618 |
| Total shareholders' equity | 946,038 | 1,075,980 | 1,422,188 | 1,648,201 | 1,775,229 | 968,957 | 919,630 | 916,839 |
| Noncontrolling interests | 587,745 | 687,367 | 703,653 | 740,813 | 707,226 | 461,518 | 532,471 | 485,460 |
| Total equity | 1,533,783 | 1,763,347 | 2,125,841 | 2,389,014 | 2,482,455 | 1,430,475 | 1,452,101 | 1,402,299 |
| Total liabilities and equity | 5,080,115 | 5,354,462 | 5,931,811 | 6,070,007 | 5,562,594 | 3,513,577 | 3,084,245 | 2,729,263 |
As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.