The board of trustees for National Storage Affiliates Trust (NSAT), a Maryland real estate investment trust (REIT) specializing in self-storage, has declared a second-quarter dividend of $0.19 per common share. The dividend is payable on Oct. 15 to shareholders of record at the close of business on Sept. 30. It's $0.04 higher than the second-quarter dividend, which was reported at $0.15.
Earlier this year, NSAT completed an initial public offering of 20 million common shares on the New York Stock Exchange. The REIT was previously referred to as National Storage Affiliates. The company was formed in July 2013 by affiliated self-storage operators Northwest Self Storage, Optivest Properties and SecurCare. It has since added Irvine, Calif.-based Guardian Storage; Addison, Texas-based Move It Self Storage and Chandler, Ariz.-based Storage Solutions as affiliated partners.
Headquartered in Greenwood, Colo., NSAT is a self-administered, self-managed REIT focused on the acquisition, operation and ownership of self-storage properties within the top 100 U.S. metropolitan statistical areas throughout the United States The company has 259 self-storage facilities in 16 states comprising approximately 14.7 million net rentable square feet. It's owned by its affiliate operators, who are contributing their interests in their self-storage assets over the next few years as their current mortgage debt matures.
- National Storage Affiliates Trust: National Storage Affiliates Trust Declares Third Quarter 2015 Dividend