National Storage Affiliates Trust ( NSA ) Q3 2025 Earnings Call November 4, 2025 1:00 PM EST Company Participants George Hoglund - Vice President of Investor Relations David Cramer - President, CEO & Trustee Brandon Togashi - Executive VP, CFO & Treasurer Conference Call Participants Samir Khanal - BofA Securities, Research Division Michael Goldsmith - UBS Investment Bank, Research Division Spenser Allaway - Green Street Advisors, LLC, Research Division Eric Wolfe - Citigroup Inc., Research Division Michael Griffin - Evercore ISI Institutional Equities, Research Division Juan Sanabria - BMO Capital Markets Equity Research Todd Thomas - KeyBanc Capital Markets Inc., Research Division Jonathan Petersen - Jefferies LLC, Research Division Ravi Vaidya - Mizuho Securities USA LLC, Research Division Brendan Lynch - Barclays Bank PLC, Research Division Ronald Kamdem - Morgan Stanley, Research Division Omotayo Okusanya - Deutsche Bank AG, Research Division Presentation Operator Greetings. Welcome to the National Storage Affiliates' Third Quarter 2025 Conference Call.
National Storage (NSA) came out with quarterly funds from operations (FFO) of $0.57 per share, beating the Zacks Consensus Estimate of $0.56 per share. This compares to FFO of $0.62 per share a year ago.
National Storage Affiliates Trust (NYSE:NSA ) Q2 2025 Earnings Conference Call August 5, 2025 1:00 PM ET Company Participants Brandon S. Togashi - Executive VP, CFO & Treasurer Dave Cramer - Corporate Participant David G.
Although the revenue and EPS for National Storage (NSA) give a sense of how its business performed in the quarter ended June 2025, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
National Storage (NSA) came out with quarterly funds from operations (FFO) of $0.55 per share, missing the Zacks Consensus Estimate of $0.58 per share. This compares to FFO of $0.62 per share a year ago.
NSA demonstrates a strong market position, stable financials, and good liquidity, supporting a Baa3 (lower investment grade) credit rating after market adjustments. NSA.PR.B preferred stock is the more attractive choice, offering a higher yield, longer call protection, and superior yield to call for long-term income investors. NSA's asset coverage, market-adjusted returns, and fixed cost coverage ratios all support its investment-grade profile, despite higher leverage in its capital structure.
National Storage Affiliates Trust (NYSE:NSA ) Q1 2025 Earnings Conference Call May 6, 2025 1:00 PM ET Company Participants George Hoglund - Vice President, Investor Relations Dave Cramer - President & Chief Executive Officer Brandon Togashi - Chief Financial Officer Conference Call Participants Eric Wolfe - Citi Samir Khanal - Bank of America Michael Goldsmith - UBS Robin Haneland - BMO Capital Markets Todd Thomas - KeyBanc Capital Markets Salil Mehta - Green Street Ronald Kamdem - Morgan Stanley Ravi Vaidya - Mizuho Securities Omotayo Okusanya - Deutsche Bank Operator Greetings, and welcome to the National Storage Affiliates First Quarter 2025 Conference Call. At this time, all participants are in a listen-only mode.
While the top- and bottom-line numbers for National Storage (NSA) give a sense of how the business performed in the quarter ended March 2025, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
National Storage (NSA) came out with quarterly funds from operations (FFO) of $0.54 per share, missing the Zacks Consensus Estimate of $0.56 per share. This compares to FFO of $0.60 per share a year ago.
National Storage Affiliates Trust faces declining earnings, increasing debt, and a high payout ratio, but remains a major player in the self-storage sector. NSA's stock showed stability with a 1.07% increase in 2024, supported by a 6.35% dividend yield despite market volatility. The internalization of the PRO structure is expected to lower overhead costs and enhance long-term shareholder value, despite near-term financial challenges.
National Storage Affiliates Trust (NYSE:NSA ) Q4 2024 Earnings Conference Call February 27, 2025 1:00 PM ET Company Participants George Hoglund - VP, IR David Cramer - President and CEO Brandon Togashi - CFO Conference Call Participants Samir Khanal - Evercore ISI Eric Wolfe - Citibank Jeffrey Spector - Bank of America Salil Mehta - Green Street Advisors Juan Sanabria - BMO Capital Markets Ronald Kamdem - Morgan Stanley Wes Golladay - Baird Eric Luebchow - Wells Fargo Omotayo Okusanya - Deutsche Bank Brendan Lynch - Barclays Todd Thomas - KeyBanc Capital Markets Operator Greetings and welcome to the National Storage Affiliate Trust's Fourth Quarter 2024 Conference Call. At this time, all participants are in a listen-only mode.
Although the revenue and EPS for National Storage (NSA) give a sense of how its business performed in the quarter ended December 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.