National Storage Affiliates Trust

National Storage Affiliates Trust announced a merger agreement with Public Storage, where NSA common shares will convert into 0.1400 Public Storage common shares. The merger is expected to close in Q3 2026 and includes the formation of a joint venture for 313 properties. For Q1 2026, net income attributable to common shareholders increased by 60.2% to $12.6 million, while total revenue saw a slight decrease of 1.6% to $185.4 million.

National Storage Affiliates Trust reported strong first quarter 2026 financial results, with net income increasing 41.8% to $27.7 million and Core FFO per share rising 5.6% to $0.57. The company also saw a 2.0% increase in same store net operating income and a 70 basis point improvement in same store occupancy. The previously announced merger with Public Storage, valued at approximately $10.5 billion, is still expected to close in the third quarter of 2026.

National Storage Affiliates Trust's Executive Vice President and Chief Financial Officer, Brandon S. Togashi, certified the company's Amended Annual Report on Form 10-K/A. This certification, made under Section 302 of the Sarbanes-Oxley Act of 2002, confirms that the report does not contain any untrue statement of a material fact or omit any material fact necessary to make the statements not misleading. This is a standard compliance filing ensuring the accuracy and completeness of financial disclosures.