| Ticker | Status | Jurisdiction | Filing Date | CP Start | CP End | CP Loss | Deadline |
|---|
| Ticker | Case Name | Status | CP Start | CP End | Deadline | Settlement Amt |
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| Ticker | Name | Date | Analyst Firm | Up/Down | Target ($) | Rating Change | Rating Current |
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2023 Guidance
NSA reaffirms its previously provided Core FFO guidance estimates and related assumptions for the year ended December 31, 2023.
| Current Ranges for Full Year 2023 | Actual Results for Full Year 2022 | ||||||||||
| Low | High | ||||||||||
| Core FFO per share(1) | $ | 2.63 | $ | 2.69 | $ | 2.81 | |||||
| Same store operations(2) | |||||||||||
| Total revenue growth | 1.50 | % | 2.75 | % | 12.1 | % | |||||
| Property operating expenses growth | 4.50 | % | 5.75 | % | 4.8 | % | |||||
| NOI growth | 0.25 | % | 1.75 | % | 14.9 | % | |||||
| General and administrative expenses | |||||||||||
| General and administrative expenses (excluding equity-based compensation), in millions | $ | 51.0 | $ | 53.0 | $ | 53.1 | |||||
| Equity-based compensation, in millions | $ | 6.5 | $ | 7.0 | $ | 6.3 | |||||
| Management fees and other revenue, in millions | $ | 32.0 | $ | 34.0 | $ | 27.6 | |||||
| Core FFO from unconsolidated real estate ventures, in millions | $ | 23.5 | $ | 25.0 | $ | 24.8 | |||||
| Subordinated performance unit distributions, in millions | $ | 46.0 | $ | 48.0 | $ | 58.8 | |||||
| Acquisitions of self storage properties, in millions | $ | 200.0 | $ | 300.0 | $ | 569.2 | |||||
| Current Ranges for Full Year 2023 | |||||||
| Low | High | ||||||
| Earnings per share - diluted | $ | 1.02 | $ | 1.05 | |||
| Impact of the difference in weighted average number of shares and GAAP accounting for noncontrolling interests, two-class method and treasury stock method | 0.11 | 0.12 | |||||
| Add real estate depreciation and amortization, including NSA's share of unconsolidated venture real estate depreciation and amortization | 1.83 | 1.87 | |||||
| FFO attributable to subordinated unitholders | (0.35 | ) | (0.37 | ) | |||
| Add loss on early extinguishment of debt | 0.01 | 0.01 | |||||
| Add acquisition costs and NSA's share of unconsolidated real estate venture acquisition costs | 0.01 | 0.01 | |||||
| Core FFO per share and unit | $ | 2.63 | $ | 2.69 | |||
| (1) | The table above provides a reconciliation of the range of estimated earnings per share - diluted to estimated Core FFO per share and unit. | ||
| (2) | 2023 guidance reflects NSA's 2023 same store pool comprising 834 stores. 2022 actual results reflect NSA's 2022 same store pool comprising 628 stores. | ||
Posted In: NSA
