National Storage Affiliates Trust (NSA) Reports In-Line Q1 FFO
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National Storage Affiliates Trust Reports First Quarter 2016 Results; Core FFO Per Share Increases 19.0%; Same Store NOI Increases 11.3%; Acquired 17 Self Storage Properties
May 9, 2016 4:34 PM EDTGREENWOOD VILLAGE, Colo.--(BUSINESS WIRE)-- National Storage Affiliates Trust (NSA or the "Company") (NYSE: NSA) today reported the Companys first quarter 2016 results.
Key Highlights
Core funds from operations ("Core FFO") was $12.5 million, or $0.25 per share, for the first quarter of 2016, an increase of 19.0% per share compared to Core FFO of $4.4 million, or $0.21 per share, for the first quarter of 2015. Net operating income ("NOI") was $26.4 million for the first quarter of 2016, an increase of 42.9% compared to NOI of $18.4 million for the first quarter of 2015.... More