National Storage Affiliates Trust (NYSE: NSA) reported Q4 EPS of ($0.16), $0.37 worse than the analyst estimate of $0.21. Revenue for the quarter came in at $89.3 million versus the consensus estimate of $90.92 million.

Fourth Quarter 2018 Highlights

• Reported loss per share of $0.16 for the fourth quarter of 2018.
• Reported core funds from operations ("Core FFO") of $0.37 per share for the fourth quarter of 2018, an increase of 15.6% compared to the fourth quarter of 2017.
• Achieved same store net operating income ("NOI") growth of 5.3% for the fourth quarter of 2018 compared to the same period in 2017, driven by a 4.2% increase in same store total revenues and a 2.0% increase in same store property operating expenses.
• Acquired seven wholly-owned self storage properties for $51.4 million during the fourth quarter of 2018.
• Arlen Nordhagen, Chairman and Chief Executive Officer, commented, "2018 was a banner year for the growth of NSA and our iStorage brand, with the formation of our 2018 Joint Venture and our investment in nearly $1.7 billion of self storage properties. We\'re excited to carry this momentum into 2019 as we have closed on the addition of our previously announced ninth PRO, Southern Self Storage, and entered into agreements to add our tenth PRO, Moove In Self Storage. Moove In is led by John Gilliland, a past Chairman of the national Self Storage Association, and his team brings decades of valuable experience in the northeastern U.S. self storage market to NSA."

GUIDANCE:

National Storage Affiliates Trust sees FY2019 EPS of $0.10-$0.20, versus the consensus of $0.96.

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