2023-05-01 16:08:03 ET
- National Storage Affiliates press release ( NYSE: NSA ): Q1 FFO of $0.66 misses by $0.03 .
- Revenue of $207.99M (+11.1% Y/Y) beats by $1.89M .
- Reported an increase in same store NOI of 4.8% for the first quarter of 2023 compared to the same period in 2022, driven by a 5.7% increase in same store total revenues partially offset by an increase of 8.3% in same store property operating expenses.
- Reported same store period-end occupancy of 89.8% as of March 31, 2023, a decrease of 380 basis points compared to March 31, 2022.
- Sees FY 2023 core FFO of $2.78 to $2.86. The consensus FY 2023 FFO estimate is $2.84.
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National Storage Affiliates FFO of $0.66 misses by $0.03, revenue of $207.99M beats by $1.89M