v3.25.0.1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
REVENUE      
Rental revenue $ 700,247 $ 793,966 $ 748,814
Total revenue 770,335 858,063 801,569
OPERATING EXPENSES      
Property operating expenses 211,852 228,986 211,025
General and administrative expenses 57,606 59,281 59,311
Depreciation and amortization 189,855 221,993 233,158
Other 13,866 11,108 8,537
Total operating expenses 473,179 521,368 512,031
OTHER (EXPENSE) INCOME      
Interest expense (154,260) (166,147) (110,599)
Loss on early extinguishment of debt (323) (758) 0
Equity in (losses) earnings of unconsolidated real estate ventures (16,075) 7,553 7,745
Acquisition and integration costs (3,616) (1,659) (2,745)
Non-operating income (expense) 314 (1,016) (951)
Gain on sale of self storage properties 63,841 63,910 5,466
Other expense, net (110,119) (98,117) (101,084)
Income before income taxes 187,037 238,578 188,454
Income tax expense (3,767) (1,590) (4,689)
Net income 183,270 236,988 183,765
Net income attributable to noncontrolling interests (71,752) (80,319) (80,028)
Net income attributable to National Storage Affiliates Trust 111,518 156,669 103,737
Distributions to preferred shareholders (20,445) (19,019) (13,425)
Net income attributable to common shareholders $ 91,073 $ 137,650 $ 90,312
EARNINGS PER SHARE      
Earnings per share - basic (in dollars per share) $ 1.18 $ 1.58 $ 0.99
Earnings per share - diluted (in dollars per share) $ 1.18 $ 1.48 $ 0.99
Weighted average shares outstanding - basic (in shares) 76,844 86,846 91,239
Weighted average shares outstanding - diluted (in shares) 76,844 146,023 91,239
Other property-related revenue      
REVENUE      
Revenue $ 27,362 $ 29,686 $ 25,131
Management fees and other revenue      
REVENUE      
Revenue $ 42,726 $ 34,411  

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