National Storage Affiliates Trust

Market Movers (8-K)

NYSE
Public Storage has successfully acquired National Storage Affiliates Trust in a merger transaction, with all outstanding shares and units converted into Public Storage securities.
NYSE
National Storage Affiliates Trust common shareholders overwhelmingly approved the acquisition by Public Storage, paving the way for a July 22, 2026 closing.
NYSE
National Storage Affiliates Trust anticipates its acquisition by Public Storage to close around July 22, 2026, following shareholder approval, and has declared a special prorated dividend.
Delay expected
NYSE
National Storage Affiliates Trust provides supplemental disclosures regarding its proposed merger with Public Storage, addressing shareholder lawsuits and providing updated financial projections for a potential joint venture.
Delay expected
NYSE
National Storage Affiliates Trust (NSA) has entered into a definitive merger agreement with Public Storage, involving a stock-for-stock exchange and a significant real estate joint venture.
Capital raise
NYSE
Public Storage will acquire National Storage Affiliates in an all-stock transaction valued at approximately $10.5 billion, creating a larger self-storage platform.
Better than expected
Capital raise

Quarterly Earnings (10-Q)

NYSE
National Storage Affiliates Trust reported a decrease in total revenue, net income, and FFO for the third quarter and first nine months of 2025, primarily driven by lower occupancy and property dispositions.
Capital raise
Worse than expected
NYSE
National Storage Affiliates Trust reports a decline in rental revenue and occupancy, alongside increased interest expenses, despite strategic internalization benefits.
Worse than expected
Capital raise
NYSE
National Storage Affiliates Trust's Q1 2025 revenue decreased due to property contributions to joint ventures and sales, despite increased management fees.
Worse than expected
NYSE
National Storage Affiliates Trust reports a decrease in revenue and net income for Q3 2024, alongside the completion of its PRO structure internalization.
Worse than expected
NYSE
National Storage Affiliates Trust reports a decrease in revenue and net income for the second quarter of 2024, alongside the strategic internalization of its Participating Regional Operator (PRO) structure.
Worse than expected
NYSE
National Storage Affiliates Trust's first quarter results for 2024 show a decrease in revenue due to strategic property sales and contributions to a joint venture, alongside a significant gain from these dispositions.
Worse than expected

Annual Reports (10-K)

NYSE
National Storage Affiliates Trust filed an amendment to its 2025 Annual Report to include required Part III disclosures regarding corporate governance and executive compensation.
NYSE
National Storage Affiliates Trust reported a 2.3% decrease in total revenue for 2025, primarily due to lower occupancy and property dispositions, alongside increased management fees and operating expenses.
Worse than expected
Capital raise
NYSE
National Storage Affiliates Trust details its financial performance for the year ended December 31, 2024, highlighting strategic acquisitions, dispositions, and the internalization of its PRO structure amidst evolving market conditions.
Worse than expected
NYSE
National Storage Affiliates Trust (NSA) reported a strong financial performance for 2023, driven by strategic acquisitions, increased rental revenue, and its unique PRO structure, despite challenges from rising interest rates and increased competition.

Insider Trading (Form 4)

NYSE
Charles F Wu, a Director of National Storage Affiliates Trust, reported multiple transactions in common stock on July 22, 2026.
NYSE
Brandon Togashi, Chief Financial Officer of National Storage Affiliates Trust, reported multiple transactions in common stock on July 22, 2026.
NYSE
Michael J Schall, a Director of National Storage Affiliates Trust, reported multiple transactions in common stock on July 22, 2026.
NYSE
Dominic M Palazzo, a Director of National Storage Affiliates Trust, reported multiple transactions in common stock on July 22, 2026.
NYSE
Steven G Osgood, a Director of National Storage Affiliates Trust, reported multiple transactions in common stock on July 22, 2026.
NYSE
Arlen Dale Nordhagen, Vice Chairperson and a Director of National Storage Affiliates Trust, reported multiple transactions in common stock on July 22, 2026.

Proxy Statements (Def-14A)

NYSE
National Storage Affiliates Trust has filed a definitive proxy statement with the SEC.
NYSE
National Storage Affiliates focuses on strategic improvements and capital deployment in 2024, positioning for growth in 2025 after internalizing its participating regional operator (PRO) structure.
Worse than expected
NYSE
National Storage Affiliates is seeking shareholder approval for its 2024 Equity Incentive Plan to replace the evergreen provision in the 2015 plan with a fixed pool of shares.
NYSE
National Storage Affiliates Trust has filed a definitive proxy statement with the SEC.
NYSE
National Storage Affiliates is seeking shareholder approval for its 2024 Equity Incentive Plan, alongside governance enhancements and board changes.
Worse than expected

Schedule 13D - Activist Investments

NYSE
Arlen D. Nordhagen, Vice Chairperson, commits to vote shares in favor of National Storage Affiliates Trust's merger with Public Storage.

Schedule 13G - Passive Investments

NYSE
Vanguard Capital Management reports beneficial ownership of over 3.89 million shares, representing 5.01% of National Storage Affiliates Trust's common stock.
NYSE
Cohen & Steers, Inc. and its affiliates have reported beneficial ownership of 5.97% of National Storage Affiliates Trust's common stock as of March 31, 2026.
NYSE
Prudential Financial, Inc. has filed an amended Schedule 13G reporting a 1.8% beneficial ownership stake in National Storage Affiliates Trust.
NYSE
Vanguard Portfolio Management has reported a beneficial ownership of 7.79% in National Storage Affiliates Trust, holding over 6 million shares.
NYSE
Long Pond Capital, LP and its affiliates have reported a 5.01% beneficial ownership stake in National Storage Affiliates Trust, totaling 3,846,289 shares.
NYSE
Wasatch Advisors LP has filed an amended Schedule 13G, reporting a 2.4% beneficial ownership stake in National Storage Affiliates Trust as of September 30, 2025.