National Storage Affiliates Trust (NSA) - Dilution Analysis
Visualizing historical and potential share dilution over time
Dilution Analysis
Risk Assessment Details
Summary
NSA currently has 77.1M outstanding shares. with minimal authorized share overhang for future dilution. The company has minimally diluted shareholders by 3.17% over the past 2 years.
Share Structure Timeline
Historical Data Points
| Date | Event | Outstanding | Supply |
|---|---|---|---|
| May 05, 2026 |
10-Q filing | 77.1M shares outstanding |
77M | 0 |
| Nov 04, 2025 |
10-Q filing | 76.7M shares outstanding |
77M | 0 |
| Aug 05, 2025 |
10-Q filing | 76.5M shares outstanding |
76M | 0 |
| May 06, 2025 |
10-Q filing | 76.4M shares outstanding |
76M | 0 |
| Feb 27, 2025 |
10-K filing | 76.8M shares outstanding |
77M | 0 |
| Oct 31, 2024 |
10-Q filing | 75.8M shares outstanding |
76M | 0 |
| Aug 05, 2024 |
10-Q filing | 75.2M shares outstanding |
75M | 0 |
| Jun 03, 2024 |
8-K filing: National Storage Affiliates Trust's Operating Partnership entered into a Fourth Amended and Restated Limited Partnership Agreement, effective July 1, 2024, to internalize its participating regional operator structure, which includes converting outstanding subordinated performance units into Class A OP Units. |
80M | 0 |
| May 02, 2024 |
10-Q filing | 80.2M shares outstanding |
80M | 0 |
| Feb 28, 2024 |
10-K filing | 86.8M shares outstanding |
87M | 0 |
| Nov 02, 2023 |
10-Q filing | 87.0M shares outstanding |
87M | 0 |
| Oct 10, 2023 |
8-K filing: On October 6, 2023, National Storage Affiliates Trust's Operating Partnership issued 179,354 Series A-1 Preferred Units as partial consideration for the acquisition of one self storage property. |
88M | 0 |
| Sep 28, 2023 |
8-K filing: On September 26, 2023, NSA OP, LP issued 287,337 6.000% Series A-1 cumulative redeemable preferred units as partial consideration for the acquisition of one self storage property. As of September 28, 2023, 1,032,986 Series A-1 Preferred Units were issued and outstanding. |
88M | 0 |
| Aug 08, 2023 |
10-Q filing | 88.3M shares outstanding |
88M | 0 |
| May 02, 2023 |
10-Q filing | 89.5M shares outstanding |
89M | 0 |
| Mar 21, 2023 |
8-K filing: National Storage Affiliates Trust issued 5,668,128 shares of 6.000% Series B Cumulative Redeemable Preferred Shares to the former shareholders of Personal Mini in connection with the closing of the Personal Mini Acquisition. |
91M | 0 |
| Feb 27, 2023 |
10-K filing | 91.2M shares outstanding |
91M | 0 |
| Nov 03, 2022 |
10-Q filing | 91.5M shares outstanding |
91M | 0 |
| Aug 04, 2022 |
10-Q filing | 91.5M shares outstanding |
92M | 0 |
| May 05, 2022 |
10-Q filing | 91.3M shares outstanding |
91M | 0 |
| Mar 16, 2022 |
8-K filing: On March 10, 2022, NSA OP, LP issued 64,064 Class A common units and 353,030 6.000% Series A-1 preferred units as partial consideration for acquisitions. |
91M | 0 |
| Feb 25, 2022 |
10-K filing | 91.4M shares outstanding |
91M | 0 |
| Dec 21, 2021 |
8-K filing: The Operating Partnership issued a series of Class A common units of limited partner interest, Series MO and BL subordinated performance units, and 6.000% Series A-1 Cumulative Redeemable Preferred Units to unrelated third parties and affiliates as consideration for the acquisition of self storage properties. |
34M | 0 |
| Nov 04, 2021 |
10-Q filing | 86.3M shares outstanding |
86M | 0 |
| Aug 04, 2021 |
10-Q filing | 88.7M shares outstanding |
89M | 0 |
| Jul 26, 2021 |
8-K filing: National Storage Affiliates Trust completed a public offering of 10,120,000 common shares at $51.25 per share, receiving net proceeds of approximately $497.4 million. ($497.4M proceeds) |
72M | 0 |
| Jul 20, 2021 |
8-K filing: National Storage Affiliates Trust reported on July 20, 2021 the sales of common shares through an at-the-market offering program, acquisitions of self-storage properties, a secured debt financing agreement, and a senior unsecured notes financing agreement. ($0.0M proceeds) |
72M | 0 |
| May 05, 2021 |
10-Q filing | 71.8M shares outstanding |
72M | 0 |
| Feb 26, 2021 |
10-K filing | 66.6M shares outstanding |
67M | 0 |
| Feb 04, 2021 |
8-K filing: National Storage Affiliates Trust's Operating Partnership issued multiple tranches of OP units and Series BL/PM subordinated performance units in exchange for cash, property acquisitions, and principal payment reimbursements between October 2020 and February 2021, with 28,467 common shares issued on December 31, 2020, and 32,396,012 OP units outstanding as of February 4, 2021. |
69M | 0 |
| Nov 06, 2020 |
10-Q filing | 69.2M shares outstanding |
69M | 0 |
| Sep 25, 2020 |
8-K filing: National Storage Affiliates Trust completed an offering of 4,500,000 common shares at a public offering price of $33.15 per share on September 25, 2020. |
69M | 0 |
| Sep 22, 2020 |
8-K filing: National Storage Affiliates Trust filed a preliminary prospectus supplement for a proposed public offering of 4,500,000 common shares but there is no assurance the offering will be completed. |
69M | 0 |
| Aug 07, 2020 |
10-Q filing | 68.8M shares outstanding |
69M | 0 |
| May 11, 2020 |
10-Q filing | 68.1M shares outstanding |
68M | 0 |
| Apr 06, 2020 |
8-K filing: National Storage Affiliates Trust issued 7,658,495 common shares to former SecurCare shareholders and 446,697 common shares to former DLAN shareholders in connection with completed mergers. |
60M | 0 |
| Feb 26, 2020 |
10-K filing | 59.7M shares outstanding |
60M | 0 |
| Feb 24, 2020 |
8-K filing: National Storage Affiliates Trust entered into a merger agreement with SecurCare Self Storage, Inc., resulting in the issuance of 7,658,495 common shares to SecurCare owners, including approximately 4.1 million shares to Arlen Nordhagen. |
N/A | 0 |