National Storage Affiliates Trust Income Statement

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Financial Statements

In millions of USD; shares in millions, except per-share amounts

	FY2025 12 months to Dec 31, 2025	FY2024 12 months to Dec 31, 2024	FY2023 12 months to Dec 31, 2023	FY2022 12 months to Dec 31, 2022	FY2021 12 months to Dec 31, 2021
REVENUE
Rental revenue
Revenue
Other property-related revenue
Management fees and other revenue
Total revenue
OPERATING EXPENSES
Property operating expenses
General and administrative expenses
Depreciation and amortization
Other
Total operating expenses
Interest expense
OTHER (EXPENSE) INCOME
Interest expense
Loss on early extinguishment of debt
Equity in (losses) earnings of unconsolidated real estate ventures
Acquisition and integration costs
Non-operating income (expense)
Gain on sale of self storage properties
Other expense, net
Income before income taxes
Income tax expense
Net income
Net income attributable to noncontrolling interests
Net income attributable to National Storage Affiliates Trust
Distributions to preferred shareholders
Net income attributable to common shareholders
EARNINGS PER SHARE
Earnings per share - basic (in dollars per share)
Earnings per share - diluted (in dollars per share)
Weighted average shares outstanding - basic (in shares)
Weighted average shares outstanding - diluted (in shares)

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