National storage affiliates trust (NSA)
Balance Sheet / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14
ASSETS
Real estate
Self storage properties

3,314

3,091

3,055

3,015

2,832

2,637

2,584

2,475

2,411

2,275

2,075

1,954

1,887

1,844

1,619

1,432

1,234

1,147

1,077

972

879

838

Less accumulated depreciation

363

337

313

289

267

246

226

206

188

170

153

138

124

110

97

86

76

68

59

52

45

39

Self storage properties, net

2,951

2,753

2,741

2,725

2,564

2,391

2,357

2,268

2,223

2,104

1,922

1,815

1,762

1,733

1,521

1,345

1,157

1,079

1,017

920

833

799

Cash and cash equivalents

18

20

44

15

15

13

15

16

15

13

13

13

14

12

11

9

8

6

6

6

8

9

Restricted cash

3

3

5

4

3

3

4

7

2

3

4

13

3

2

4

3

2

2

3

3

2

2

Debt issuance costs, net

3

3

3

0

1

1

1

1

1

2

2

2

2

3

2

3

1

1

5

4

5

6

Investment in unconsolidated real estate ventures

213

214

228

233

238

245

250

88

90

89

88

89

79

81

-

-

-

0

-

-

-

-

Other assets, net

64

65

63

59

48

75

85

78

58

52

41

42

43

44

23

14

9

8

10

8

14

15

Operating lease right-of-use assets

23

23

23

22

23

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Assets held for sale

-

-

-

-

-

-

0

0

0

1

0

0

0

13

18

-

-

0

-

-

-

-

Total assets

3,278

3,084

3,110

3,061

2,896

2,729

2,715

2,460

2,391

2,266

2,072

1,977

1,905

1,892

1,582

1,376

1,179

1,099

1,044

942

864

832

LIABILITIES AND EQUITY
Liabilities
Debt financing

1,731

1,534

1,533

1,469

1,414

1,278

1,229

1,149

1,069

958

1,071

969

893

878

722

754

634

567

495

407

618

597

Accounts payable and accrued liabilities

40

37

78

53

37

33

36

26

24

24

27

21

21

21

29

24

14

9

16

14

13

10

Interest rate swap liabilities

84

19

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating lease liabilities

25

24

24

24

24

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Distributions payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

12

9

0

6

Deferred revenue

16

15

16

16

16

15

15

13

13

12

12

12

12

12

7

7

6

5

5

5

4

4

Total liabilities

1,897

1,632

1,653

1,563

1,492

1,326

1,281

1,190

1,107

995

1,112

1,002

927

913

760

786

654

583

530

437

636

618

Commitments and contingencies (Note 11)

-

-

-

-

-

-

0

0

0

-

0

0

0

0

0

0

0

0

0

0

0

0

Equity
Preferred shares of beneficial interest, par value $0.01 per share. 50,000,000 authorized, 8,732,719 and 8,727,119 issued and outstanding at March 31, 2020 and December 31, 2019, at liquidation preference

218

218

218

217

172

172

172

172

172

172

-

-

-

0

-

-

-

-

-

-

-

-

Common shares of beneficial interest, par value $0.01 per share. 250,000,000 authorized, 68,027,212 and 59,659,108 shares issued and outstanding at March 31, 2020 and December 31, 2019, respectively

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

Additional paid-in capital

970

905

901

901

839

844

842

701

700

711

595

594

590

576

450

252

239

236

234

233

-

0

Distributions in excess of earnings

-213

-197

-187

-156

-126

-114

-87

-73

-61

-55

-38

-27

-18

-8

-8

-0

-2

0

0

0

0

0

Accumulated other comprehensive loss

-52

-7

-17

-5

7

13

22

20

17

12

8

8

10

9

-0

-0

-0

0

0

0

-

0

Total shareholders' equity

923

919

915

957

893

916

950

821

829

841

566

575

582

577

443

252

236

236

235

233

0

0

Noncontrolling interests

457

532

541

541

509

485

483

449

455

430

394

399

395

401

378

337

288

279

278

271

227

214

Total equity

1,381

1,452

1,457

1,498

1,403

1,402

1,434

1,270

1,284

1,271

960

974

978

979

822

589

525

516

513

505

227

214

Total liabilities and equity

3,278

3,084

3,110

3,061

2,896

2,729

2,715

2,460

2,391

2,266

2,072

1,977

1,905

1,892

1,582

1,376

1,179

1,099

1,044

942

864

832