National Storage Affiliates Trust reported net income of $29.0 million for the third quarter of 2025, a decrease of 2.5% compared to the same period in 2024. Diluted earnings per share were $0.17, down from $0.18 in the third quarter of 2024. Core funds from operations were $76.5 million, or $0.57 per share, reflecting a decrease of 8.1% per share year over year. During the quarter, the company's 2023 Joint Venture acquired two self storage properties for approximately $32.0 million, with NSA contributing about $8.0 million. NSA also completed the sale of two wholly-owned self storage properties for approximately $6.5 million. As of September 30, 2025, NSA had $543.6 million available on its $950.0 million revolving line of credit. The company paid a quarterly cash dividend of $0.57 per common share on September 30, 2025.