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National Storage Affiliates Announces Management Transition

National Storage Affiliates Trust announced its Board of Trustees has elevated Tamara Fischer, Chief Executive Officer, to Executive Chair, effective April 1, 2023.
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Quarterly Earnings Release

National Storage Affiliates Trust reported core funds from operations ("Core FFO") of $90.9 million, or $0.71 per share for the fourth quarter of 2022, an increase of 10.9% per share compared to the fourth quarter of 2021.
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Commitment to Environmental, Social and Governance Standards

“As a company with strong values (INTEGRITY, ACCOUNTABILITY, HUMILITY, COMPASSION), NSA is committed to operating in a manner that is environmentally friendly, socially responsible and with a high degree of integrity as it relates to corporate governance.”

- Tammy

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National Storage Affiliates Trust Announces the Passing of Board Member George L. Chapman

GREENWOOD VILLAGE, Colo.--(BUSINESS WIRE)-- It is with great sadness that National Storage Affiliates Trust (“NSA” or the "Company") (NYSE: NSA) announces the passing of George L. Chapman, a member of NSA’s…
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Governance

NSA is committed to conducting its business with integrity, and in compliance with all applicable laws, rules, regulations and policies. We are also committed to promoting diversity among our management, board and employees. Our commitment to these ethical principals extends to those we do business with as well.

Corporate Governance Highlights

9 of 11 trustees are independent
Separate chairman and chief executive officer roles
Experienced and dedicated lead independent trustee
No staggered board of trustees; annual election of all trustees
27% of trustees are diverse (gender or race)
Clawback policy for previously paid executive compensation
Three Audit Committee financial experts
No excise tax gross-ups on payments made in connection with a change of control

Board of Trustees engages independent third party to review and advise on management compensation
Equityholders may amend bylaws
Majority voting in uncontested elections
Robust minimum equity ownership guidelines
Active shareholder outreach program
No shareholder rights or "poison pill" plan
Prohibition against hedging the value of Company securities
Opted out of Maryland's unsolicited takeover act (which we may not opt into without shareholder approval) and control share acquisition statute

Vendor Expectations

We strive to conduct our business in an ethical manner that benefits our stakeholders and which is intended to mitigate our overall impact on the environment. We make our vendors aware of these standards and we expect them to operate in a similar manner.