NSA · As filed with the SEC

National Storage Affiliates Trust income statement, by quarter

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.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS · USD thousands, except per-share amounts; shares in thousands

USD thousands, except per-share amounts; shares in thousands	Q1 2026 3 months ended Mar 31, 2026	Q4 2025^† 3 months ended Dec 31, 2025	Q3 2025 3 months ended Sep 30, 2025	Q2 2025 3 months ended Jun 30, 2025	Q1 2025 3 months ended Mar 31, 2025	Q4 2024^† 3 months ended Dec 31, 2024	Q3 2024 3 months ended Sep 30, 2024	Q2 2024 3 months ended Jun 30, 2024
REVENUE
Rental revenue	168,214	169,269^†	169,907	169,838	—	171,029^†	174,467	174,369
Other property-related revenue	5,586	5,934^†	6,459	6,774	—	6,708^†	7,405	6,557
Management fees and other revenue	11,601	11,828^†	12,336	12,230	—	12,381^†	11,749	9,522
Total revenue	185,401	187,031^†	188,702	188,842	188,354	190,118^†	193,621	190,448
OPERATING EXPENSES
Property operating expenses	52,034	51,468^†	55,347	55,627	55,104	52,245^†	52,712	52,201
General and administrative expenses	13,231	13,721^†	11,460	12,804	13,145	12,629^†	13,114	16,189
Depreciation and amortization	46,140	46,707^†	46,885	47,612	48,116	48,153^†	47,661	46,710
Other	3,098	3,214^†	4,101	4,500	4,476	3,356^†	3,643	3,375
Total operating expenses	114,503	115,110^†	117,793	120,543	120,841	116,383^†	117,130	118,475
OTHER (EXPENSE) INCOME
Interest expense	(39,257)	(40,152)^†	(40,549)	(41,269)	(40,475)	(39,340)^†	(39,575)	(37,228)
Loss on early extinguishment of debt	—	0^†	0	—	—	0^†	(323)	0
Equity in earnings (losses) of unconsolidated real estate ventures	1,155	1,894^†	463	(3,945)	(5,739)	(5,284)^†	(4,712)	(4,449)
Acquisition and integration costs	(811)	(797)^†	(1,439)	(2,040)	(2,445)	(1,465)^†	(1,164)	(480)
Merger related costs	(9,981)	—	—	—	—	—	—	—
Non-operating (expense) income	(302)	(391)^†	503	462	360	(38)^†	(83)	337
Gain on sale of self storage properties	6,458	5,297^†	0	9,571	1,425	0^†	0	2,668
Other expense, net	(42,738)	(34,149)^†	(41,022)	(37,221)	(46,874)	(46,127)^†	(45,857)	(39,152)
Income before income taxes	28,160	37,772^†	29,887	31,078	20,639	27,608^†	30,634	32,821
Income tax expense	(479)	(991)^†	(871)	(120)	(1,120)	(1,477)^†	(863)	(541)
Net income	27,681	36,781^†	29,016	30,958	19,519	26,131^†	29,771	32,280
Net income attributable to noncontrolling interests	(9,901)	(13,889)^†	(10,589)	(11,487)	(6,525)	(9,403)^†	(11,070)	(15,218)
Net income attributable to National Storage Affiliates Trust	17,780	22,892^†	18,427	19,471	12,994	16,728^†	18,701	17,062
Distributions to preferred shareholders	(5,153)	(5,117)^†	(5,117)	(5,114)	(5,114)	(5,113)^†	(5,112)	(5,110)
Net income attributable to common shareholders	12,627	17,775^†	13,310	14,357	7,880	11,615^†	13,589	11,952
Denominator
Earnings per share - basic (in dollars per share)	0.16	—	0.17	0.19	0.10	—	0.18	0.16
Earnings per share - diluted (in dollars per share)	0.16	—	0.17	0.19	0.10	—	0.18	0.16
Weighted average shares outstanding - basic (in shares)	77,093	—	76,746	76,474	76,372	—	75,760	75,160
Weighted average shares outstanding - diluted (in shares)	77,093	—	76,746	76,474	76,372	—	75,760	75,160
Dividends declared per common share (in dollars per share)	0.57	—	0.57	0.57	0.57	—	0.56	0.56

† Derived: worked out from the filings, not stated in them. A fourth quarter is the 10-K year less the nine months in the third-quarter 10-Q; a quarter of cash flows is year to date less the prior year to date.

As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.