National Storage Affiliates Trust (NSA) Tops Q4 EPS by 1c, Beats on Revenues

Note: EPS may not be comparable

National Storage Affiliates Trust (NYSE: NSA) reported Q4 EPS of ($0.08), $0.01 better than the analyst estimate of ($0.09). Revenue for the quarter came in at $73.37 million versus the consensus estimate of $73.14 million.

Fourth Quarter 2017 Highlights

• Net income was $12.0 million for the fourth quarter of 2017, an increase of $5.9 million compared to $6.1 million for the fourth quarter of 2016.
• Core funds from operations ("Core FFO") was $23.6 million, or $0.32 per share, for the fourth quarter of 2017, an increase of 6.7% per share compared to $20.0 million, or $0.30 per share, for the fourth quarter of 2016.
• Same store net operating income ("NOI") was $30.0 million for the fourth quarter of 2017, an increase of 5.8% compared to $28.4 million for the fourth quarter of 2016, driven by a 5.0% increase in same store total revenues and a 3.3% increase in same store property operating expenses.
• Acquired 31 wholly-owned self storage properties for $201.0 million and one joint venture property for $9.4 million during the fourth quarter of 2017.
• Received approximately $319 million of gross proceeds from the sale of 6.9 million of 6.000% Series A Cumulative Redeemable Preferred Shares of Beneficial Interest and 5.75 million of Common Shares of Beneficial Interest (\"common shares\") during the fourth quarter of 2017.

For earnings history and earnings-related data on National Storage Affiliates Trust (NSA) click here.

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