National Storage Affiliates Trust Reports First Quarter 2020 Results
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National Storage Affiliates Trust (NSA) Misses Q1 EPS by 9c, Revenues Beat
May 11, 2020 4:37 PM EDTNational Storage Affiliates Trust (NYSE: NSA) reported Q1 EPS of $0.06, $0.09 worse than the analyst estimate of $0.15. Revenue for the quarter came in at $104.22 million versus the consensus estimate of $101.65 million.
First Quarter 2020 Highlights
Reported net income of $15.8 million for the first quarter of 2020, an increase of 21.8% compared to the first quarter of 2019. Reported diluted earnings per share of $0.06 for the first quarter of 2020, primarily relating to the HLBV method for allocating net income among the various classes of equity.Reported core funds from operations ("Core FFO") of $37.1 million, or $0.40... More