GREENWOOD VILLAGE, Colo.--(BUSINESS WIRE)--National Storage Affiliates Trust (\"NSA\" or the \"Company\") (NYSE: NSA) today reported the Companys fourth quarter and full year 2020 results.<\/p>\n
Fourth Quarter 2020 Highlights<\/p>\n
Full Year 2020 Highlights<\/p>\n
Highlights Subsequent to Quarter-End<\/p>\n
Tamara Fischer, President and Chief Executive Officer, commented, \"We closed out 2020 on a positive note with excellent operating results despite the continued economic stress resulting from the pandemic. Our fourth quarter same store revenues grew by 4.8% year-over-year and same store occupancy numbers remain at record levels. Our acquisition volume also accelerated during the fourth quarter with the addition of over a quarter of a billion dollars of self storage properties to our wholly-owned portfolio. These favorable trends continued into the first quarter, marking a strong start to 2021.\"<\/p>\n
Financial Results<\/p>\n
($ in thousands, except per share and unit data)<\/p>\n
Three Months Ended December 31,<\/p>\n<\/p>\n
Year Ended December 31,<\/p>\n<\/p>\n
2020<\/p>\n<\/p>\n
2019<\/p>\n<\/p>\n
Growth<\/p>\n<\/p>\n
2020<\/p>\n<\/p>\n
2019<\/p>\n<\/p>\n
Growth<\/p>\n
Net income<\/p>\n
$<\/p>\n
24,517 <\/p>\n<\/p>\n
$<\/p>\n
18,826 <\/p>\n<\/p>\n
30.2 <\/p>\n
%<\/p>\n<\/p>\n
$<\/p>\n
79,478 <\/p>\n<\/p>\n
$<\/p>\n
66,013<\/p>\n<\/p>\n<\/p>\n
20.4 <\/p>\n
%<\/p>\n<\/p>\n<\/p>\n<\/p>\n<\/p>\n<\/p>\n<\/p>\n
Funds From Operations (\"FFO\")(1)<\/p>\n
$<\/p>\n
46,184 <\/p>\n<\/p>\n
$<\/p>\n
36,218 <\/p>\n<\/p>\n
27.5 <\/p>\n
%<\/p>\n<\/p>\n
$<\/p>\n
166,911 <\/p>\n<\/p>\n
$<\/p>\n
139,151<\/p>\n<\/p>\n<\/p>\n
19.9 <\/p>\n
%<\/p>\n
Add back acquisition costs<\/p>\n
743<\/p>\n<\/p>\n
534<\/p>\n<\/p>\n
39.1<\/p>\n
%<\/p>\n<\/p>\n
2,424<\/p>\n<\/p>\n
1,317<\/p>\n<\/p>\n<\/p>\n
84.1<\/p>\n
%<\/p>\n
<\/p>\n
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\nNational Storage Affiliates Trust Reports Fourth Quarter and Full Year 2020 Results - Business Wire<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"