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NSA Internalizes PROs for Efficiency Gains Amid 10.2% Revenue Dip

NSA10-KFiling Date: 2/27/2025
National Storage Affiliates Trust
Description

What this story covers

National Storage Affiliates Trust's 2024 10-K reveals a transitional year: revenue fell 10.2% to $770M from portfolio sales and joint ventures, but PRO internalization boosted fees 24% and cut costs. Same-store NOI dipped 5.5% amid 85.8% occupancy, with solid liquidity and 45% leverage supporting growth in resilient self-storage.

Story snapshot

CompanyNational Storage Affiliates Trust
TickerNSA
VariantStandard detailed
Duration13:50
Filing type10-K
PeriodAnnual 2024
IndustryReal Estate & Construction
Accession0001628280-25-008656

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