NSA (National Storage Affiliates Trust) Interest Expense : $-160.4 Mil (TTM As of Sep. 2024)

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What is National Storage Affiliates Trust Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. National Storage Affiliates Trust's interest expense for the three months ended in Sep. 2024 was $ -39.6 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was $-160.4 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. National Storage Affiliates Trust's Operating Income for the three months ended in Sep. 2024 was $ 76.5 Mil. National Storage Affiliates Trust's Interest Expense for the three months ended in Sep. 2024 was $ -39.6 Mil. National Storage Affiliates Trust's Interest Coverage for the quarter that ended in Sep. 2024 was 1.93. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

National Storage Affiliates Trust Interest Expense Historical Data

The historical data trend for National Storage Affiliates Trust's Interest Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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National Storage Affiliates Trust Interest Expense Chart

National Storage Affiliates Trust Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-56.46

-62.60

-72.06

-110.60

-166.15

National Storage Affiliates Trust Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Interest Expense	Get a 7-Day Free Trial															-43.07	-45.44	-38.12	-37.23	-39.58

National Storage Affiliates Trust Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-160.4 Mil.

National Storage Affiliates Trust (NYSE:NSA) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

National Storage Affiliates Trust's Interest Expense for the three months ended in Sep. 2024 was $-39.6 Mil. Its Operating Income for the three months ended in Sep. 2024 was $76.5 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was $3,045.0 Mil.

National Storage Affiliates Trust's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2024 )	/	Interest Expense (Q: Sep. 2024 )
	=	-1	*	76.491	/	-39.575
	=	1.93

The higher the ratio, the stronger the company's financial strength is.

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. National Storage Affiliates Trust interest coverage is 1.94, which is low.

National Storage Affiliates Trust Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » National Storage Affiliates Trust (NYSE:NSA) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

NSApA.PFD:USA 4GC:Germany

Address

8400 East Prentice Avenue, 9th Floor, Greenwood Village, CO, USA, 80111

Website

https://www.nationalstorageaffiliates.com

National Storage Affiliates Trust Trust is a real estate investment trust. The company owns, operates, and acquires self-storage properties located within the metropolitan statistical areas throughout the United States. With the help of property management platform, the company manages and controls the day-to-day operations and affairs of consolidated properties and unconsolidated real estate ventures under the iStorage, SecurCare, Northwest and Move It brands.

Executives

Chad Leroy Meisinger	director	71 VIA SONRISA, SAN CLEMENTE CA 92673
Arlen Dale Nordhagen	director, 10 percent owner, officer: Chief Executive Officer	5200 DTC PARKWAY, STE 200, GREENWOOD VILLAGE CO 80111
Tamara D Fischer	officer: Chief Financial Officer	5200 DTC PARKWAY, SUITE 200, GREENWOOD VILLAGE CO 80111
Cowan William S. Jr.	officer: Chief Strategy Officer	8400 EAST PRENTICE AVENUE, 9TH FLOOR, GREENWOOD VILLAGE CO 80111
Derek Bergeon	officer: Chief Operating Officer	8400 EAST PRENTICE AVENUE, 9TH FLOOR, GREENWOOD VILLAGE CO 80111
Tiffany S. Kenyon	officer: Chief Legal Officer	C/O NATIONAL STORAGE AFFILIATES TRUST, 8400 EAST PRENTICE AVENUE, 9TH FLOOR, GREENWOOD VILLAGE CO 80111
J. Timothy Warren	director	C/O NATIONAL STORAGE AFFILIATES TRUST, 8400 EAST PRENTICE AVENUE, 9TH FLOOR, GREENWOOD VILLAGE CO 80111
David Cramer	officer: Chief Operating Officer	8400 E. PRENTICE AVENUE, 9TH FLOOR, GREENWOOD VILLAGE CO 80111
Hylbert Paul William Jr	director	2705 SOUTH BOSTON COURT, DENVER CO 802231
Mourick Mark Van	director	24901 DANA POINT HARBOR DRIVE, SUITE 230, DANA POINT CA 92629
Charles F Wu	director	C/O NATIONAL STORAGE AFFILIATES TRUST, 8400 EAST PRENTICE AVENUE, 9TH FLOOR, GREENWOOD VILLAGE CO 80111
Rebecca Lee Steinfort	director	2500 W EXECUTIVE PKWY, #100, LEHI UT 84043
Brandon Togashi	officer: Chief Accounting Officer	C/O NATIONAL STORAGE AFFILIATES TRUST, 5200 DTC PARKWAY, SUIT 200, GREENWOOD VILLAGE CO 80111
Steven B Treadwell	officer: Senior Vice President	5200 DTC PARKWAY, SUITE 200, GREENWOOD VILLAGE CO 80111
Kevin Maxen Howard	director, 10 percent owner	14855 SE 82ND DRIVE, CLACKAMAS OR 97015