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National Storage Affiliates Trust (NSA)
:NSA
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Earnings Data
Report Date
Mar 03, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.11Last Year’s EPS
0.72Same Quarter Last Year
Based on 11 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 01, 2018
|% Change Since: -12.63%
|Next Earnings Date:Aug 06, 2018
Earnings Call Sentiment|Neutral
The earnings call reflected a mix of positive strides in acquisitions, internalization efforts, and financial restructuring against the backdrop of declining FFO, significant drops in street rates, and challenges in key markets. The sentiment is balanced with both achievements and ongoing challenges.Company Guidance
During the NSA Q3 2024 earnings call, the company reaffirmed its guidance for the year, maintaining the midpoint for same-store NOI growth at negative 5.5% and core FFO per share at $2.40, indicating a sequential decline in Q4 to about $0.56 per share. The call highlighted a 17% year-over-year drop in street rates for Q3, with expectations of further widening in the near term as the company strives to maintain occupancy levels. Occupancy on the West Coast of Florida increased by approximately 600 basis points post-Hurricane Milton, although overall average occupancy for October was projected to be down about 200 basis points year-over-year. The management emphasized the ongoing internalization of their PRO structure, achieving about 85% transition in web and operating platforms and 70% in operations management, with full completion expected by mid-December. Financially, NSA issued $350 million in private placement notes, paid off $470 million in debt, and reported a net debt to EBITDA ratio of 6.4x at quarter-end. Additionally, full-year guidance was characterized with low probability outcomes at both high and low ends, indicating a strategic approach to managing operational challenges and market conditions.Successful Acquisition Transactions
Closed on two portfolio transactions in Texas and Oklahoma City for approximately $148 million, enhancing portfolio quality and operational efficiencies.
Progress in Internalizing PRO Structure
85% completion in transitioning web and operating platforms with expected full completion by mid-December. Early benefits seen in customer acquisitions and revenue management strategies.
Debt Refinancing and Reduction
Issued $350 million of private placement notes at a 5.6% coupon, paying off $470 million in debt, resulting in no maturities in 2025 and a revolver balance of $400 million.
Occupancy Growth in Florida
Post-hurricane occupancy increase of 600 basis points in the Tampa and Sarasota-Bradenton areas.
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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
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NSA Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 30, 2024 | $41.90 | $41.58 | -0.76% |
| Aug 05, 2024 | $41.34 | $41.27 | -0.17% |
| May 01, 2024 | $34.19 | $34.34 | +0.44% |
| Feb 28, 2024 | $33.66 | $33.93 | +0.80% |
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.
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FAQ
When does National Storage Affiliates Trust (NSA) report earnings?
National Storage Affiliates Trust (NSA) is schdueled to report earning on Mar 03, 2025, TBA Not Confirmed.
What is National Storage Affiliates Trust (NSA) earnings time?
National Storage Affiliates Trust (NSA) earnings time is at Mar 03, 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 2024 (Q4) is 0.11.
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