NSA · As filed with the SEC

National Storage Affiliates Trust cash flow 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 CASH FLOWS · USD thousands

USD 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
OPERATING ACTIVITIES
Net income	27,681	36,781^†	29,016^†	30,958^†
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	46,140	46,707^†	46,885^†	47,612^†
Amortization of debt issuance costs	1,646	1,646^†	1,619^†	1,612^†
Amortization of debt premium	(116)	(119)^†	(118)^†	(117)^†
Gain on sale of self storage properties	(6,458)	(5,297)^†	0^†	(9,571)^†
Other	—	0^†	—	—
Equity-based compensation expense	2,420	2,865^†	3,112^†	3,138^†
Equity in (earnings) losses of unconsolidated real estate ventures	(1,155)	(1,894)^†	(463)^†	3,945^†
Distributions from unconsolidated real estate ventures	6,242	5,500^†	5,103^†	4,790^†
Change in assets and liabilities, net of effects of self storage property acquisitions:
Other assets	5,246	402^†	2,230^†	(4,634)^†
Accounts payable and accrued liabilities	5,101	(13,356)^†	13,056^†	1,858^†
Deferred revenue	693	(424)^†	(252)^†	285^†
Net Cash Provided by Operating Activities	87,440	72,811^†	100,188^†	79,876^†
INVESTING ACTIVITIES
Acquisition of self storage properties	(10,368)	0^†	0^†	(11,336)^†
Capital expenditures	(10,499)	(14,659)^†	(12,180)^†	(6,117)^†
Deposits and advances for self storage properties and other acquisitions	(489)	(50)^†	0^†	49^†
Expenditures for corporate furniture, equipment and other	(103)	(100)^†	(151)^†	(221)^†
Acquisition of intangible assets from our former PROs	—	0^†	—	—
Other	—	0^†	—	—
Investment in unconsolidated real estate ventures	(575)	0^†	(8,346)^†	(4,503)^†
Net proceeds from sale of self storage properties	20,596	23,830^†	5,962^†	57,350^†
Net Cash Used In Investing Activities	(1,438)	9,021^†	(14,715)^†	35,222^†
FINANCING ACTIVITIES
Borrowings under debt financings	158,500	149,000^†	172,800^†	180,000^†
Redemption of OP units	(9,757)	(4,672)^†	(3,137)^†	(125)^†
Repurchase of common shares	—	0^†	0^†	0^†
Principal payments under debt financings	(147,568)	(148,058)^†	(172,850)^†	(202,443)^†
Payment of dividends to common shareholders	(43,968)	(43,892)^†	(43,805)^†	(43,638)^†
Payment of dividends to preferred shareholders	(5,153)	(5,117)^†	(5,117)^†	(5,114)^†
Distributions to noncontrolling interests	(33,102)	(33,236)^†	(33,443)^†	(33,668)^†
Debt issuance costs	(159)	(85)^†	0^†	(2,330)^†
Equity offering costs	(64)	0^†	0^†	(10)^†
Net Cash Used In Financing Activities	(81,271)	(86,060)^†	(85,552)^†	(107,328)^†
Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash	4,731	(4,228)^†	(79)^†	7,770^†
CASH, CASH EQUIVALENTS AND RESTRICTED CASH
Beginning of period	23,638	27,866	27,945	20,175
End of period	28,369	23,638	27,866	27,945
Supplemental Cash Flow Information
Cash paid for interest	36,781	39,786^†	38,201^†	41,041^†
Supplemental Disclosure of Non-Cash Investing and Financing Activities
Other net liabilities assumed	29	0^†	0^†	57^†
Issuance of OP units for acquisition of intangible assets from our former PROs	—	0^†	—	—
Change in accrued capital spending	952	1,506^†	(2,755)^†	(82)^†

† 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.