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August 3 , 2021 NATIONAL STORAGE AFFILIATES National Storage Affiliates Trust Reports Second Quarter 2021 Results GREENWOOD VILLAGE , Colo .-- ( BUSINESS WIRE ) -- National Storage Affiliates Trust ( " NSA " or the " Company " ) ( NYSE : NSA ) today reported the Company's second quarter 2021 results . Second Quarter 2021 Highlights • Reported net income of $ 35.7 million for the second quarter of 2021 , an increase of 100.6 % compared to the second quarter of 2020. Reported diluted earnings per share of $ 0.25 for the second quarter of 2021 compared to $ 0.10 for the second quarter of 2020 . • Reported core funds from operations ( " Core FFO " ) of $ 59.7 million , or $ 0.55 per share for the second quarter of 2021 , an increase of 34.1 % per share compared to the second quarter of 2020 . • Reported an increase in same store net operating income ( " NOI " ) of 21.5 % for the second quarter of 2021 compared to the same period in 2020 , driven by a 16.3 % increase in same store total revenues partially offset by an increase of 4.3 % in same store property operating expenses . • Reported same store period - end occupancy of 96.7 % as of June 30 , 2021 , an increase of 720 basis points compared to June 30 , 2020 . • Received approximately $ 103.7 million of net proceeds from the sale of 2,390,000 common shares under the Company's at the market ( " ATM ” ) program during the second quarter of 2021 . • Issued the previously announced $ 55.0 million of 3.10 % senior unsecured notes due May 4 , 2033 in a private placement to certain institutional investors on May 26 , 2021 . • Acquired 20 wholly - owned self storage properties for $ 269.4 million during the second quarter of 2021. Consideration for these acquisitions included the issuance of $ 24.1 million of OP equity . Highlights Subsequent to Quarter - End • • Acquired seven wholly - owned self storage properties for approximately $ 68.6 million . Completed an underwritten public offering of 10,120,000 common shares resulting in net proceeds of approximately $ 497.4 million . • Issued the previously announced $ 35.0 million of 2.16 % senior unsecured notes due May 4 , 2026 and $ 90.0 million of 3.00 % senior unsecured notes due May 4 , 2031 on July 26 , 2021 in a private placement to certain institutional investors . • Entered into an agreement on July 9 , 2021 with a single lender for an $ 88.0 million interest - only secured debt financing that matures in July 2028 and has a fixed interest rate of 2.77 % .