National Storage Affiliates Trust (NSA) Tops Q2 FFO by 2c
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National Storage Affiliates Trust Reports Second Quarter 2016 Results; Net Income Increases $5.9 million; Core FFO per Share Increases 27.3%; Same Store NOI Increases 10.8%; Acquired 25 Self Storage P
August 8, 2016 4:38 PM EDTGREENWOOD VILLAGE, Colo.--(BUSINESS WIRE)-- National Storage Affiliates Trust (NSA or the "Company") (NYSE: NSA) today reported the Companys second quarter 2016 results.
Second Quarter 2016 Highlights
Net income was $6.0 million for the second quarter of 2016, an increase of $5.9 million compared to $0.1 million for the second quarter of 2015. Core funds from operations ("Core FFO") was $14.7 million, or $0.28 per share, for the second quarter of 2016, an increase of 27.3% per share compared to $8.5 million, or $0.22 per share, for the second quarter of 2015.... More