National Storage Affiliates TrustNSA

Market cap

$3.6B

P/E ratio

119.2x

	Dec 31, 2015	Dec 31, 2016	Dec 31, 2017	Dec 31, 2018	Dec 31, 2019	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023
Rental revenue	-	-	-	-	355	395	542	749	794
Other property-related revenue	-	-	-	10	12	15	20	25	30
Management fees and other revenue	-	-	-	12	21	23	24	28	34
Revenue	134	199	268	331	388	432	586	802	858
Cost of Revenue	-	-	-	104	110	123	155	211	229
General and Administrative Expense	16	22	30	36	46	44	51	59	59
Depreciation and amortization	41	55	75	89	105	117	158	233	222
Other	-	-	-	-	-	1	3	9	11
Total operating expenses	-	-	-	-	261	285	367	512	521
Interest expense	21	24	34	43	56	63	72	111	166
Income (Loss) from Equity Method Investments	-	-1	-2	-1	-5	0	5	8	8
Loss on early extinguishment of debt	-1	-0	-	-	-	-	-	-	-1
Acquisition costs	-	-	-	-	1	2	2	3	2
Income (Loss) from Equity Method Investments	-	-1	-2	-1	-5	0	5	8	8
Non-operating expense	-0	-1	-0	-0	0	-1	-1	-1	-1
Acquisition costs	-	-	-	-	1	2	2	3	2
Gain (Loss) on Disposition of Assets	-	-	6	0	3	-	-	5	64
Non-operating expense	-0	-1	-0	-0	0	-1	-1	-1	-1
Other expense	-27	-33	-31	-45	-59	-66	-70	-101	-98
Gain (Loss) on Disposition of Assets	-	-	6	0	3	-	-	5	64
Other expense	-27	-33	-31	-45	-59	-66	-70	-101	-98
Income before income taxes	-	-	47	57	67	81	149	188	239
Income tax expense	-	-	1	1	1	2	2	5	2
Net income	5	25	46	56	66	79	147	184	237
Net income attributable to noncontrolling interests	-8	7	43	42	62	31	42	80	80
Net income attributable to National Storage Affiliates Trust	12	25	46	56	66	79	147	184	237
Distributions to preferred shareholders	-	-	2	10	12	13	13	13	19
Net income attributable to common shareholders	-	-	1	4	-8	36	92	90	138
Earnings Per Share, Basic	0.8	0.6	0.01	0.07	-	-	1.13	0.99	1.58
Earnings Per Share, Diluted	0.17	0.31	0.01	0.07	-	-	0.98	0.99	1.48