The Company said in a filing before the Securities and Exchange Commission that its total revenue for the year was $858.1 million
Based in GREENWOOD VILLAGE, Colorado, National Storage Affiliates Trust operates in the FINANCE sector.
In the report for the period ended December 31, 2023, National Storage Affiliates Trust reported total revenue of $858.1 million, an increase from $801.6 million in the previous year. This increase was primarily driven by higher rental revenue, which amounted to $794.0 million compared to $748.8 million in the prior period.
Operating expenses for the current period totaled $521.4 million, slightly higher than the $512.0 million reported in the same period last year. This increase was mainly due to higher depreciation and amortization costs.
The net income attributable to common shareholders for the year 2023 was $137.7 million, showing a significant improvement from $90.3 million in the previous year. This growth in net income was supported by higher revenue and better cost management.
Earnings per share for the year 2023 were $1.58 on a basic level and $1.48 on a diluted level. This represents an increase from $0.99 in both basic and diluted earnings per share in the prior year.
Overall, National Storage Affiliates Trust had a strong financial performance in 2023, driven by increased revenue and improved profitability compared to the previous year.
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