National Storage Affiliates Trust (NSA) Financial Statements (2024 and earlier)

Company Profile

Business Address 8400 E. PRENTICE AVENUE
GREENWOOD VILLAGE, CO 80111
State of Incorp. MD
Fiscal Year End December 31
Industry (SIC) 6798 - Real Estate Investment Trusts (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments35,31225,01318,72328,26113,18113,366
Cash and cash equivalents35,31225,01318,72320,55813,18113,366
Short-term investments    7,703  
Total current assets:35,31225,01318,72328,26113,18113,366
Noncurrent Assets
Operating lease, right-of-use asset23,83522,21123,12923,306
Property, plant and equipment1,5341,4221,6731,9251,5741,444
Long-term investments and receivables227,441188,187202,533214,061245,12589,093
Long-term investments227,441188,187202,533214,061245,12589,093
Intangible assets, net (including goodwill)46,96071,12940,3778,9505,7505,750
Goodwill8,1828,1828,1825,7505,7505,750
Intangible assets, net (excluding goodwill) 38,77862,94732,1953,200  
Total noncurrent assets:299,770282,949267,712248,242252,44996,287
Other undisclosed assets5,734,9255,254,6323,227,1422,807,7422,463,6332,157,077
TOTAL ASSETS:6,070,0075,562,5943,513,5773,084,2452,729,2632,266,730
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities3,680,9933,080,1392,083,1021,632,1441,326,964995,243
Total liabilities:3,680,9933,080,1392,083,1021,632,1441,326,964995,243
Equity
Equity, attributable to parent, including:1,648,2011,775,229968,957919,630916,839841,023
Additional paid in capital1,777,9841,866,7731,050,714905,763844,276711,467
Accumulated other comprehensive income (loss)40,530(19,611)(49,084)(7,833)13,61812,282
Accumulated deficit(396,650)(291,263)(251,704)(197,075)(114,122)(55,729)
Other undisclosed equity, attributable to parent226,337219,330219,031218,775173,067173,003
Equity, attributable to noncontrolling interest740,813707,226461,518532,471485,460430,464
Total equity:2,389,0142,482,4551,430,4751,452,1011,402,2991,271,487
TOTAL LIABILITIES AND EQUITY:6,070,0075,562,5943,513,5773,084,2452,729,2632,266,730

Income Statement (P&L) ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues801,569585,671432,222387,896330,896268,130
Revenue, net308,403268,130
Operating lease, lease income748,814541,547394,660354,859
Cost of revenue(211,025)(155,265)(123,486)(110,347)(103,875)(84,455)
Cost of goods and services sold      (84,455)
Gross profit:590,544430,406308,736277,549227,021183,675
Operating expenses(301,006)(212,166)(161,622)(150,700)(229,242)(189,630)
Other undisclosed operating income     103,87584,455
Operating income:289,538218,240147,114126,849101,65478,500
Nonoperating expense(101,084)(69,615)(65,965)(59,485)(44,510)(31,343)
Interest and debt expense(110,599)(72,062)(62,595)(56,464)(42,724)(34,068)
Income from continuing operations before equity method investments, income taxes:77,85576,56318,55410,90014,42013,089
Other undisclosed income from continuing operations before income taxes110,59972,06262,59556,46442,72434,068
Income from continuing operations before income taxes:188,454148,62581,14967,36457,14447,157
Income tax expense(4,689)(1,690)(1,671)(1,351)(818)(1,159)
Income from continuing operations:183,765146,93579,47866,01356,32645,998
Income before gain (loss) on sale of properties:146,93579,47866,01356,32645,998
Net income:183,765146,93579,47866,01356,32645,998
Net loss attributable to noncontrolling interest(80,028)(41,682)(30,869)(62,030)(42,217)(43,037)
Net income attributable to parent:103,737105,25348,6093,98314,1092,961
Preferred stock dividends and other adjustments(13,425)(13,104)(13,097)(12,390)(10,350)(2,300)
Net income (loss) available to common stockholders, basic:90,31292,14935,512(8,407)3,759661
Dilutive securities, effect on basic earnings per share 40,231    
Net income (loss) available to common stockholders, diluted:90,312132,38035,512(8,407)3,759661

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:183,765146,93579,47866,01356,32645,998
Other comprehensive income (loss)84,73344,136(59,024)(33,278)1,7814,243
Comprehensive income:268,498191,07120,45432,73558,10750,241
Comprehensive loss, net of tax, attributable to noncontrolling interest(104,826)(54,940)(9,390)(49,977)(43,244)(44,697)
Comprehensive income (loss), net of tax, attributable to parent:163,672136,13111,064(17,242)14,8635,544

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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