National Storage Affiliates Trust (NSA) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Revenue | 185.4M | 187.03M | 188.7M | 188.84M | 188.35M | 190.12M | 193.62M | 190.45M | 196.15M | 215.41M | 219.15M | 217.37M | 209.67M | 210.88M | 208.91M | 200.85M | 188.68M | 175.27M | 152.53M | 139.42M |
| Revenue Growth % | -1.57% | -1.62% | -2.54% | -0.84% | -3.97% | -11.74% | -11.65% | -12.39% | -6.45% | 2.15% | 4.9% | 8.22% | 11.13% | 20.32% | 36.97% | 44.06% | 52.47% | 52.91% | 39.28% | 33.46% |
| Property Operating Expenses | 0 | 240.79M | 55.35M | 55.63M | 55.1M | 52.24M | 52.71M | 52.2M | 54.69M | 56.83M | 170.26M | 57.33M | 57.33M | 43.72M | 56.27M | 53.87M | 49.91M | 38.96M | 39.98M | 36.77M |
| Net Operating Income (NOI) | 185.4M | -53.76M | 133.35M | 133.22M | 133.25M | 137.87M | 140.91M | 138.25M | 141.45M | 158.58M | 48.88M | 160.04M | 152.34M | 167.16M | 152.63M | 146.98M | 138.77M | 136.31M | 112.55M | 102.65M |
| NOI Margin % | 100% | -28.74% | 70.67% | 70.54% | 70.74% | 72.52% | 72.78% | 72.59% | 72.12% | 73.62% | 22.31% | 73.62% | 72.66% | 79.27% | 73.06% | 73.18% | 73.55% | 77.77% | 73.79% | 73.63% |
| Operating Expenses | 52.03M | -125.68M | 62.45M | 64.92M | 65.74M | 64.14M | 64.42M | 66.27M | 66.5M | 71.52M | -36.6M | 14.4M | 14.82M | 25.34M | 15.3M | 14.7M | 13.97M | 20.9M | 13.01M | 12.45M |
| G&A Expenses | 13.23M | 13.72M | 11.46M | 12.8M | 13.14M | 12.63M | 13.11M | 16.19M | 15.67M | 14.96M | 0 | 14.4M | 14.82M | 24.95M | 15.3M | 14.7M | 13.97M | 20.5M | 13.01M | 12.45M |
| EBITDA | 74.3M | 118.63M | 117.79M | 115.91M | 115.63M | 121.89M | 124.15M | 118.68M | 122.29M | 141.05M | 141.33M | 202.34M | 192.98M | 199.38M | 196.97M | 190.17M | 182.87M | 166.26M | 138.52M | 126.25M |
| EBITDA Margin % | 40.08% | 63.43% | 62.42% | 61.38% | 61.39% | 64.11% | 64.12% | 62.32% | 62.34% | 65.48% | 64.49% | 93.08% | 92.04% | 94.55% | 94.28% | 94.68% | 96.92% | 94.86% | 90.82% | 90.55% |
| Depreciation & Amortization | 46.14M | 46.71M | 46.88M | 47.61M | 48.12M | 48.15M | 47.66M | 46.71M | 47.33M | 53.99M | 55.84M | 56.7M | 55.46M | 57.56M | 59.63M | 57.89M | 58.07M | 50.85M | 38.98M | 36.05M |
| D&A / Revenue % | 24.89% | 24.97% | 24.85% | 25.21% | 25.55% | 25.33% | 24.62% | 24.53% | 24.13% | 25.06% | 25.48% | 26.09% | 26.45% | 27.3% | 28.54% | 28.82% | 30.78% | 29.01% | 25.56% | 25.86% |
| Operating Income | 28.16M | 71.92M | 70.91M | 68.3M | 67.51M | 73.73M | 76.49M | 71.97M | 74.96M | 87.06M | 85.49M | 145.63M | 137.52M | 141.82M | 137.34M | 132.28M | 124.8M | 115.41M | 99.54M | 90.2M |
| Operating Margin % | 15.19% | 38.45% | 37.58% | 36.17% | 35.84% | 38.78% | 39.51% | 37.79% | 38.21% | 40.42% | 39.01% | 67% | 65.59% | 67.25% | 65.74% | 65.86% | 66.14% | 65.85% | 65.26% | 64.7% |
| Interest Expense | -1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Interest Coverage | 0.72x | 1.94x | 1.74x | 1.75x | 1.51x | 1.70x | 1.77x | 1.88x | 3.52x | 3.35x | 1.81x | 2.15x | 2.13x | 2.42x | 2.67x | 3.02x | 2.93x | 3.20x | 3.28x | 3.10x |
| Non-Operating Income | 0 | -6M | 473K | -4.05M | 6.4M | 6.79M | 6.28M | 1.92M | -59.13M | -65.17M | 7.45M | 60.45M | 56.63M | 58.12M | 60.23M | 58.42M | 58.54M | 52.01M | 39.98M | 36.36M |
| Pretax Income | 28.16M | 37.77M | 29.89M | 31.08M | 20.64M | 27.61M | 30.63M | 32.82M | 95.97M | 106.79M | 43.99M | 46.21M | 41.59M | 51.41M | 42.25M | 49.16M | 45.63M | 43.27M | 41.17M | 36.35M |
| Pretax Margin % | 15.19% | 20.2% | 15.84% | 16.46% | 10.96% | 14.52% | 15.82% | 17.23% | 48.93% | 49.58% | 20.07% | 21.26% | 19.83% | 24.38% | 20.22% | 24.47% | 24.19% | 24.69% | 26.99% | 26.07% |
| Income Tax | -479K | 991K | 871K | 120K | 1.12M | 1.48M | 863K | 541K | 886K | -1.26M | 922K | 737K | 1.2M | 1.04M | 2.07M | 730K | 848K | 375K | 444K | 675K |
| Effective Tax Rate % | -1.7% | 2.62% | 2.91% | 0.39% | 5.43% | 5.35% | 2.82% | 1.65% | 0.92% | -1.18% | 2.1% | 1.59% | 2.88% | 2.02% | 4.91% | 1.49% | 1.86% | 0.87% | 1.08% | 1.86% |
| Net Income | 28.64M | 22.89M | 18.43M | 19.47M | 12.99M | 16.73M | 18.7M | 17.06M | 59.03M | 69.03M | 29.24M | 29.45M | 28.96M | 31.26M | 22.21M | 25.04M | 25.23M | 25.47M | 30.22M | 28.72M |
| Net Margin % | 15.45% | 12.24% | 9.77% | 10.31% | 6.9% | 8.8% | 9.66% | 8.96% | 30.09% | 32.04% | 13.34% | 13.55% | 13.81% | 14.82% | 10.63% | 12.47% | 13.37% | 14.53% | 19.82% | 20.6% |
| Net Income Growth % | 120.4% | 36.84% | -1.47% | 14.12% | -77.99% | -75.77% | -36.04% | -42.06% | 103.83% | 120.82% | 31.63% | 17.61% | 14.79% | 22.72% | -26.51% | -12.81% | 21.07% | 41.11% | 124.1% | 175.55% |
| Funds From Operations (FFO) | 74.78M | 69.6M | 65.31M | 67.08M | 61.11M | 64.88M | 66.36M | 63.77M | 106.36M | 123.02M | 85.08M | 86.15M | 84.42M | 88.82M | 81.84M | 82.93M | 83.3M | 76.33M | 69.21M | 64.77M |
| FFO Margin % | 40.33% | 37.21% | 34.61% | 35.52% | 32.44% | 34.13% | 34.27% | 33.49% | 54.22% | 57.11% | 38.82% | 39.63% | 40.26% | 42.12% | 39.18% | 41.29% | 44.15% | 43.55% | 45.37% | 46.46% |
| FFO Growth % | 22.37% | 7.27% | -1.58% | 5.19% | -42.54% | -47.26% | -22% | -25.98% | 25.99% | 38.49% | 3.96% | 3.89% | 1.34% | 16.37% | 18.26% | 28.04% | 56.4% | 59.42% | 63.15% | 63.02% |
| FFO per Share | 0.97 | 0.90 | 0.85 | 0.88 | 0.80 | 0.84 | 0.88 | 0.85 | 0.77 | 0.87 | 0.58 | 0.98 | 0.94 | 0.98 | 0.89 | 0.91 | 0.91 | 0.56 | 0.49 | 0.50 |
| FFO Payout Ratio % | 58.8% | 63.07% | 67.07% | 65.05% | 71.3% | 67.02% | 64.21% | 65.83% | 41.14% | 37.44% | 54.82% | 57.4% | 57.76% | 55.78% | 61.06% | 60.85% | 54.87% | 53.48% | 52.69% | 45.4% |
| EPS (Diluted) | 0.16 | 0.24 | 0.17 | 0.19 | 0.10 | 0.15 | 0.18 | 0.16 | 0.65 | 0.72 | 0.26 | 0.28 | 0.27 | 0.56 | 0.44 | 0.53 | 0.49 | 0.16 | 0.26 | 0.25 |
| EPS Growth % | 60% | 60% | -5.56% | 18.75% | -84.62% | -79.17% | -30.77% | -42.86% | 140.74% | 28.57% | -40.91% | -47.17% | -44.9% | 250% | 69.23% | 112% | 157.89% | -11.11% | 73.33% | 66.67% |
| EPS (Basic) | 0.16 | 0.24 | 0.17 | 0.19 | 0.10 | 0.15 | 0.18 | 0.16 | 0.67 | 0.77 | 0.28 | 0.28 | 0.45 | 0.56 | 0.44 | 0.53 | 0.49 | 0.25 | 0.31 | 0.33 |
| Diluted Shares Outstanding | 77.09M | 76.95M | 76.75M | 76.47M | 76.37M | 76.84M | 75.76M | 75.16M | 138.15M | 141.32M | 146.12M | 88.31M | 89.78M | 90.63M | 91.47M | 91.54M | 91.32M | 137.28M | 140.03M | 129.58M |