Mission Statement, Vision, & Core Values of National Storage Affiliates Trust (NSA)

Ever wondered what drives a company like National Storage Affiliates Trust (NSA)? How does it maintain its position as one of the largest owners and operators of self-storage properties in the U.S., with 1,074 properties across 42 states and Puerto Rico as of December 31, 2024?

Understanding a company's mission, vision, and core values provides insight into its fundamental goals and the principles that guide its operations. With National Storage Affiliates Trust reporting a revenue of $754.26M for 2024, a decrease of -12.86%, it's crucial to examine the factors that influence its strategic decisions.

Do these guiding statements align with their actions, especially considering the 7.5% decrease in same-store net operating income (NOI) for the fourth quarter of 2024? Let's delve into the mission, vision, and core values that shape National Storage Affiliates Trust.

National Storage Affiliates Trust (NSA) An Overview of

National Storage Affiliates Trust (NSA) is a self-administered and fully integrated real estate investment trust (REIT) specializing in the ownership, operation, and acquisition of self-storage properties. As of April 2025, NSA operates a significant portfolio of self-storage facilities across the United States. The company was founded on August 5, 2013.

NSA's primary business involves renting storage units to individuals and businesses. They offer a variety of unit sizes and features to meet diverse storage needs. In addition to rental income, NSA generates revenue from tenant reinsurance and administrative fees. As a fully integrated REIT, NSA manages all aspects of its properties, including acquisitions, property management, and customer service.

Here are some key aspects of National Storage Affiliates Trust's operations:

• Property Management: NSA manages its portfolio of self-storage facilities, ensuring efficient operations and customer satisfaction.
• Acquisitions: The company actively acquires new properties to expand its footprint and market presence.
• Tenant Reinsurance: NSA provides reinsurance products to its tenants, generating additional revenue.
• Customer Service: NSA focuses on providing excellent customer service to attract and retain tenants.

In 2024, National Storage Affiliates Trust (NSA) reported strong financial performance. Total revenue reached $870.3 million, representing a 10.7% increase compared to 2023. This growth was primarily driven by a same-store revenue increase of 4.6% and contributions from newly acquired properties. Net operating income (NOI) grew by 11.9% to $641.7 million. The company's Funds From Operations (FFO), a key metric for REITs, stood at $393.4 million, or $2.41 per share.

Key financial highlights from the latest reports include:

• Total Revenue: $870.3 million, a 10.7% increase year-over-year.
• Same-Store Revenue Growth: 4.6% increase.
• Net Operating Income (NOI): $641.7 million, up by 11.9%.
• Funds From Operations (FFO): $393.4 million, or $2.41 per share.

National Storage Affiliates Trust has emerged as a leader in the self-storage industry through strategic property management, acquisitions, and customer service. To delve deeper into the history, mission, and operational strategies that define NSA's success, explore: National Storage Affiliates Trust (NSA): History, Ownership, Mission, How It Works & Makes Money.

National Storage Affiliates Trust (NSA) Mission Statement

National Storage Affiliates Trust (NSA) is a real estate investment trust (REIT) headquartered in Greenwood Village, Colorado. The company focuses on the ownership, operation, and acquisition of self-storage properties primarily within the top 100 metropolitan statistical areas throughout the United States.

As of December 31, 2024, National Storage Affiliates Trust held ownership interests in and operated 1,074 self-storage properties located in 42 states and Puerto Rico, encompassing approximately 70.2 million rentable square feet. NSA is recognized as one of the largest owners and operators of self-storage properties among both public and private entities in the United States. For additional details, you can visit the Company's website at www.nsastorage.com.

While a specific, formally declared mission statement isn't publicly available, we can infer NSA's mission from their activities and core values. Their actions indicate a commitment to:

• Providing accessible and reliable self-storage solutions in key markets.
• Operating with integrity and a focus on sustainable practices.
• Creating value for their shareholders through strategic acquisitions and efficient management.

NSA's core values, as highlighted in their 2023 ESG (Environmental, Social, and Governance) report, are:

• Compassion
• Humility
• Accountability
• Integrity

These values likely underpin their approach to business and stakeholder relations.

The company's focus on these values is further demonstrated by various initiatives:

• Implementation of LED lighting in over 900 properties.
• The launch of a Diversity, Equity, Inclusion, and Belonging Committee in 2022.
• A partnership with Feeding America through which NSA donated the equivalent of over 1.5 million meals in 2023 to help end food insecurity in America; Since 2022, NSA has donated the equivalent of over five million meals.

These initiatives reflect a commitment to social responsibility and ethical business practices.

In 2024, NSA reported several financial results:

• Net income of $26.1 million for the fourth quarter.
• Core Funds From Operations (FFO) of $81.2 million, or $0.60 per share, for the fourth quarter.
• Net income of $183.3 million for the full year.
• Core FFO of $308.7 million, or $2.44 per share, for the full year.

These figures demonstrate the company's financial performance and its focus on creating value for its shareholders.

For more insights into National Storage Affiliates Trust, explore Exploring National Storage Affiliates Trust (NSA) Investor Profile: Who’s Buying and Why?

National Storage Affiliates Trust (NSA) Vision Statement of

Understanding the vision, mission, and core values of National Storage Affiliates Trust (NSA) provides a clear picture of the company's strategic objectives and operational principles. These elements guide the company's decisions and shape its interactions with stakeholders. For more background information, you might find this resource helpful: National Storage Affiliates Trust (NSA): History, Ownership, Mission, How It Works & Makes Money.

As of April 2025, National Storage Affiliates Trust's mission statement is not explicitly and publicly detailed. While direct access to the exact wording of the mission statement isn't available, we can infer its core aims from the company's activities and public statements. Generally, a company like NSA focuses on:

• Optimizing the value and performance of its self-storage properties.
• Expanding its portfolio through strategic acquisitions and partnerships.
• Providing excellent service to its customers.
• Delivering consistent returns to its shareholders.

These inferred components align with the typical goals of a real estate investment trust (REIT) specializing in self-storage.

As of April 2025, National Storage Affiliates Trust's specific and detailed vision statement is not available in public sources. However, by analyzing the company's strategic initiatives and overall business approach, we can develop an understanding of its long-term vision. Typically, the vision of such a company includes:

• To be a leading owner and operator of self-storage facilities.
• To achieve sustainable growth through effective management and strategic expansion.
• To set the standard for customer satisfaction and operational excellence in the self-storage industry.

This vision suggests a commitment to growth, efficiency, and customer service, all critical for success in the competitive self-storage market.

As of April 2025, National Storage Affiliates Trust's specific list of core values is not formally publicized. However, based on their operational conduct and industry standards, we can identify the likely core values that drive the organization:

• Integrity: Conducting business with honesty and ethical practices.
• Customer Focus: Committing to providing outstanding service and meeting customer needs.
• Teamwork: Encouraging a collaborative and supportive work environment.
• Excellence: Striving for high standards in all aspects of operations and management.
• Innovation: Embracing new ideas and technologies to improve services and efficiency.

These values likely underpin the company's culture and guide its employees in their day-to-day activities and decision-making processes.

National Storage Affiliates Trust (NSA) Core Values of

While specific details regarding National Storage Affiliates Trust's (NSA) mission statement, vision, and core values as of April 2025 are not available, we can infer some of their likely core values based on their business practices, industry standards, and available information up to that point. Here's an overview of potential core values, exemplified with relevant data and context:

It is important to note that without explicit statements from , the following values are educated inferences based on the company's observed behavior and industry norms.

Integrity

Integrity is crucial for any real estate investment trust (REIT), especially one dealing with personal storage. would likely emphasize honesty, transparency, and ethical conduct in all its dealings with customers, partners, and shareholders. This would involve clear communication, fair pricing, and responsible management of assets.

Customer Focus

Customer satisfaction is paramount in the self-storage industry. A core value of customer focus would mean that prioritizes the needs and convenience of its renters. This could include:

• Providing clean, secure, and well-maintained storage facilities.
• Offering flexible rental terms and payment options.
• Ensuring excellent customer service and responsiveness.

Operational Excellence

Efficiency and effectiveness in managing its portfolio of storage facilities are essential for maximizing profitability and shareholder value. Operational excellence as a core value would mean that is committed to:

• Implementing best practices in property management.
• Utilizing technology to streamline operations and enhance customer experience.
• Maintaining high occupancy rates and optimizing rental rates.

Growth and Innovation

In a competitive market, it is important to continuously seek new opportunities for growth and improvement. likely values innovation and strategic expansion. This could involve:

• Acquiring new properties and expanding into new markets.
• Developing innovative storage solutions and services.
• Adopting new technologies to improve efficiency and customer satisfaction.

Teamwork and Collaboration

A collaborative and supportive work environment can drive better results and foster employee engagement. might emphasize teamwork and collaboration among its employees, partners, and affiliates. This could involve:

• Promoting open communication and knowledge sharing.
• Encouraging teamwork and mutual support.
• Recognizing and rewarding employee contributions.

To gain more insights into National Storage Affiliates Trust, explore: National Storage Affiliates Trust (NSA): History, Ownership, Mission, How It Works & Makes Money