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National Storage Affiliates Trust (NSA)
NYSE:NSA
RESEARCH TOOLSreports
Earnings Data
Report Date
Aug 11, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.2Last Year’s EPS
0.16Same Quarter Last Year
Moderate Sell
Based on 11 Analysts Ratings
Earnings Call Summary
Earnings Call Date:May 05, 2025
|% Change Since: -9.87%
|Next Earnings Date:Aug 11, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed picture. While there were positive developments like sequential revenue growth, successful PRO transition, and strategic acquisitions, these were tempered by declines in core FFO, same-store revenues, and increasing interest expenses.Company Guidance
During the National Storage Affiliates First Quarter 2025 Conference Call, the company reported several key metrics and provided guidance for the upcoming year. Same-store revenue growth improved by 130 basis points sequentially, with Portland and Houston showing positive inflections. Contract rates increased approximately 5% from the first quarter levels, and April occupancy rose by 20 basis points to 83.8%. Core FFO per share was reported at $0.54, marking a 10% decline from the previous year due to increased interest expenses and a decrease in same-store NOI. Despite a 190 basis point drop in average occupancy and a 1% decline in average revenue per square foot, management expressed optimism for a moderately better spring leasing season. They highlighted the potential for revenue growth fueled by improved pricing power and occupancy through the summer months. Net debt-to-EBITDA stood at 6.9 times, with expectations to reduce it to 6%-6.5% in the latter half of the year. Guidance remains unchanged, with the high end assuming a recovery in the housing market, while the low end accounts for no material improvement.Sequential Improvement in Same-Store Revenue Growth
There was a 130 basis points sequential improvement in same-store revenue growth on a year-over-year basis, with Portland and Houston markets inflecting positive.
Successful PRO Transition and Operational Improvements
The completion of the PRO transition led to better search rankings, enhanced pricing algorithms, and declines in personnel expenses. Contract rates increased approximately 5% from the first quarter.
Acquisition Activity and Market Positioning
Closed on three assets totaling approximately $40 million and sold two properties totaling $10 million. Proceeds will be used to pay down debt and fund future acquisitions.
NSA Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
NSA Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 05, 2025 | $37.78 | $35.98 | -4.76% |
Feb 26, 2025 | $37.64 | $38.39 | +1.99% |
Oct 30, 2024 | $41.25 | $40.94 | -0.75% |
Aug 05, 2024 | $40.69 | $40.63 | -0.15% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does National Storage Affiliates Trust (NSA) report earnings?
National Storage Affiliates Trust (NSA) is schdueled to report earning on Aug 11, 2025, TBA Not Confirmed.
What is National Storage Affiliates Trust (NSA) earnings time?
National Storage Affiliates Trust (NSA) earnings time is at Aug 11, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is NSA EPS forecast?
NSA EPS forecast for the fiscal quarter 2025 (Q2) is 0.2.