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November 2 , 2021 NATIONAL STORAGE AFFILIATES National Storage Affiliates Trust Reports Third Quarter 2021 Results GREENWOOD VILLAGE , Colo .-- ( BUSINESS WIRE ) -- National Storage Affiliates Trust ( " NSA " or the " Company " ) ( NYSE : NSA ) today reported the Company's third quarter 2021 results . Third Quarter 2021 Highlights • Reported net income of $ 40.7 million for the third quarter of 2021 , an increase of 90.2 % compared to the third quarter of 2020. Reported diluted earnings per share of $ 0.26 for the third quarter of 2021 compared to $ 0.15 for the third quarter of 2020 . • Reported core funds from operations ( " Core FFO " ) of $ 67.5 million , or $ 0.57 per share for the third quarter of 2021 , an increase of 29.5 % per share compared to the third quarter of 2020 . • Reported an increase in same store net operating income ( " NOI " ) of 24.3 % for the third quarter of 2021 compared to the same period in 2020 , driven by an 18.4 % increase in same store total revenues partially offset by an increase of 4.6 % in same store property operating expenses . • Reported same store period - end occupancy of 96.2 % as of September 30 , 2021 , an increase of 450 basis points compared to September 30 , 2020 . • Acquired 76 wholly - owned self storage properties for $ 599.3 million during the third quarter of 2021. Consideration for these acquisitions included the issuance of $ 31.1 million of OP equity . • Completed an underwritten public offering of 10,120,000 common shares resulting in net proceeds of approximately $ 497.4 million . • Increased the total borrowing capacity under the Company's credit facility in September 2021 with the addition of a $ 125.0 million 5.5 - year term loan tranche E. • 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 % . • Received approximately $ 40.0 million of net proceeds from the sale of 782,000 common shares under the Company's at the market ( " ATM ” ) program . Highlights Subsequent to Quarter - End • Acquired 39 wholly - owned self storage properties for approximately $ 325.7 million . Tamara Fischer , President and Chief Executive Officer , commented , " Third quarter 2021