National Storage Affiliates Trust Files 8-K
Ticker: NSA-PB · Form: 8-K · Filed: Jun 3, 2024 · CIK: 1618563
| Field | Detail |
|---|---|
| Company | National Storage Affiliates Trust (NSA-PB) |
| Form Type | 8-K |
| Filed Date | Jun 3, 2024 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-agreement, 8-K, filing
Related Tickers: NSA
TL;DR
NSA filed an 8-K on May 30th for a material agreement. Details pending.
AI Summary
National Storage Affiliates Trust (NSA) entered into a material definitive agreement on May 30, 2024. The filing, an 8-K, was submitted on June 3, 2024, and pertains to financial statements and exhibits. Specific details of the agreement are not provided in this excerpt.
Why It Matters
This filing indicates a significant event for National Storage Affiliates Trust, potentially involving new financial arrangements or disclosures that could impact investors.
Risk Assessment
Risk Level: low — The filing is a standard 8-K reporting a material definitive agreement, with no immediate negative financial implications apparent from the provided text.
Key Players & Entities
- National Storage Affiliates Trust (company) — Registrant
- May 30, 2024 (date) — Date of earliest event reported
- June 3, 2024 (date) — Filing date
FAQ
What type of material definitive agreement did National Storage Affiliates Trust enter into?
The provided excerpt does not specify the nature of the material definitive agreement.
When was the earliest event reported in this 8-K filing?
The earliest event reported was on May 30, 2024.
What is the SEC file number for National Storage Affiliates Trust?
The SEC file number is 001-37351.
In which state is National Storage Affiliates Trust incorporated?
National Storage Affiliates Trust is incorporated in Maryland.
What is the business address of National Storage Affiliates Trust?
The business address is 8400 East Prentice Avenue, 9th Floor, Greenwood Village, CO 80111.
Filing Stats: 965 words · 4 min read · ~3 pages · Grade level 14.1 · Accepted 2024-06-03 16:06:03
Key Financial Figures
- $0.01 — Common Shares of Beneficial Interest, $0.01 par value per share NSA New York Stock
Filing Documents
- nsa-20240530.htm (8-K) — 33KB
- ex101-formoffourthamendeda.htm (EX-10.1) — 649KB
- 0001628280-24-026303.txt ( ) — 950KB
- nsa-20240530.xsd (EX-101.SCH) — 2KB
- nsa-20240530_def.xml (EX-101.DEF) — 16KB
- nsa-20240530_lab.xml (EX-101.LAB) — 28KB
- nsa-20240530_pre.xml (EX-101.PRE) — 16KB
- nsa-20240530_htm.xml (XML) — 5KB
01. Entry into a Material Definitive Agreement
Item 1.01. Entry into a Material Definitive Agreement. Fourth Amended and Restated Limited Partnership Agreement On June 3, 2024, National Storage Affiliates Trust (the "General Partner" or "NSA") announced an agreement in principle for the internalization of its participating regional operator ("PRO") structure. On May 30, 2024, as part of the implementation of this internalization, NSA, in its capacity as the general partner of NSA OP, LP, a Delaware limited partnership (the "Operating Partnership"), and the limited partners of the Operating Partnership entered into that certain Fourth Amended and Restated Limited Partnership Agreement (the "Fourth Amended and Restated LPA"), which amends and restates the existing Third Amended and Restated Limited Partnership Agreement of the Operating Partnership, dated as of April 28, 2015, as amended. The Fourth Amended and Restated LPA will be effective as of July 1, 2024 (the "Effective Date"). As of the Effective Date, it is expected that all 12,101,055 outstanding subordinated performance units in our Operating Partnership and the Operating Partnership's DownREIT subsidiaries (the "DownREIT Partnerships"), will be converted into an aggregate of 18,219,589 Class A common units of limited partner interest of the Operating Partnership ("Class A OP Units") or units in the DownREIT Partnerships that are intended to be economically equivalent to the Class A OP Units, generally consistent with the formula set forth in the partnership unit designation (the "Partnership Unit Designation") for each series of subordinated performance units. Consistent with the transition from the current PRO structure, the Fourth Amended and Restated LPA, among other minor changes, removes all references to the General Partner's PRO structure, including, but not limited to removing all references to: (i) each PRO and its key persons; (ii) each series of subordinated performance units; (iii) the payment of distributions on the subordinated perform
01. Financial Statements and Exhibits
ITEM 9.01. Financial Statements and Exhibits. The following exhibits are furnished with this report: Exhibit Number Description 10.1 Fourth Amended and Restated Limited Partnership Agreement 101 Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document. 104 The cover page from this Current Report on Form 8-K, formatted as Inline XBRL.
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. NATIONAL STORAGE AFFILIATES TRUST By: /s/ David G. Cramer David G. Cramer President and Chief Executive Officer Date: June 3, 2024