National Storage Affiliates Trust (NSA) Q3 2024 Earnings Call Transcript Summary
National Storage Affiliates Trust (NSA) Q3 2024 Earnings Call Transcript Summary
Expense growth was moderate at 1.2% in Q3, mainly driven by property taxes and insurance costs.The following is a summary of the National Storage Affiliates Trust (NSA) Q3 2024 Earnings Call Transcript:
以下是national storage affiliates trust（NSA）2024年第三季度業績會交流摘要：
Financial Performance:
金融業績：
NSA reported a core FFO per share of $0.62 for Q3 2024, a decrease of 7.5% year-over-year.
Revenues declined 3.5% on a same-store basis, affected by a 290 basis point year-over-year decline in occupancy and a 0.9% decline in rent revenue per square foot.
Expense growth was moderate at 1.2% in Q3, mainly driven by property taxes and insurance costs.
NSA報告2024年第三季度每股核心FFO爲0.62美元，同比下降7.5%。
同店銷售基礎上的營業收入下降了3.5%，受到年度入住率下降290個點子和每平方英尺租金收入下降0.9%的影響。
第三季度費用增長適度，主要受到物業稅和保險成本的推動，增長了1.2%。
Business Progress:
業務進展：
NSA was successful in transitioning 85% of PRO stores to NSA management, with the remainder expected to complete by mid-November.
The company has closed on two portfolio transactions using the 2023 JV, enhancing operational efficiencies and expanding their footprint in existing markets.
Operational improvements from the internalization of PRO structure are already showing early benefits.
NSA成功地將85%的PRO門店過渡到NSA管理，預計剩餘部分將在11月中旬完成。
該公司利用2023年合資企業完成了兩項投資組合交易的交割，增強了運營效率並擴大了在現有市場的影響力。
內部化PRO結構的運營改善已經顯示出早期的好處。
Opportunities:
機會：
NSA sees opportunity in the acquisition environment, expecting it to remain active and improve with an increase in deal flow.
The internalization benefits and improving acquisition environment could potentially offset the near-term competitive operating environment.
national storage affiliates trust看到收購環境中的機會，並期待它保持活躍，並隨着交易量的增加而改善。
內部化的好處和日益好轉的收購環境可能有望抵消近期具有競爭力的運營環境。
Risks:
風險：
Street rates are declining, with a 17% year-over-year decline in Q3, expected to widen in the near term.
Elevated supply in certain Sunbelt markets continues, creating more competitive conditions for NSA.
街道率正在下降，Q3年同比下降17%，預計在短期內會進一步擴大。
在某些Sunbelt市場供應持續增加，爲national storage affiliates trust創造更具競爭力的條件。
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：如需更全面的詳情，請參閱投資人關係網站。本文僅供投資者參考，不作任何指引或建議。
譯文內容由第三人軟體翻譯。
