National Storage Affiliates Trust Management

Management criteria checks 3/4

National Storage Affiliates Trust's CEO is Dave Cramer, appointed in Jul 2022, has a tenure of 1.75 years. total yearly compensation is $2.72M, comprised of 21.5% salary and 78.5% bonuses, including company stock and options. directly owns 2.45% of the company’s shares, worth €94.49M. The average tenure of the management team and the board of directors is 3.5 years and 9 years respectively.

Key information

Dave Cramer

Chief executive officer

US$2.7m

Total compensation

CEO salary percentage	21.5%
CEO tenure	1.8yrs
CEO ownership	2.4%
Management average tenure	3.5yrs
Board average tenure	9yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Dave Cramer's remuneration changed compared to National Storage Affiliates Trust's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	US$3m	US$585k	US$138m
Sep 30 2023	n/a	n/a	US$102m
Jun 30 2023	n/a	n/a	US$96m
Mar 31 2023	n/a	n/a	US$93m
Dec 31 2022	US$2m	US$550k	US$90m
Sep 30 2022	n/a	n/a	US$85m
Jun 30 2022	n/a	n/a	US$93m
Mar 31 2022	n/a	n/a	US$96m
Dec 31 2021	US$2m	US$420k	US$92m
Sep 30 2021	n/a	n/a	US$85m
Jun 30 2021	n/a	n/a	US$68m
Mar 31 2021	n/a	n/a	US$50m
Dec 31 2020	US$2m	US$400k	US$35m

Compensation vs Market: Dave's total compensation ($USD2.72M) is about average for companies of similar size in the German market ($USD2.47M).

Compensation vs Earnings: Dave's compensation has increased by more than 20% in the past year.

CEO

Dave Cramer (57 yo)

1.8yrs

Tenure

US$2,718,619

Compensation

Mr. David G. Cramer, also known as Dave, was Chief Operating Officer of National Storage Affiliates Trust since April 1, 2020 until April 1, 2023 and had been Executive Vice President from April 01, 2020 u...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Tamara Fischer	Executive Chairperson	4.3yrs	US$1.57m	0.023% $ 889.6k
David Cramer	President	1.8yrs	US$2.72m	2.45% $ 94.5m
Brandon Togashi	Executive VP	7.3yrs	US$1.52m	0.00032% $ 12.4k
Tiffany Kenyon	Executive VP	5.9yrs	US$759.20k	no data
William Cowan	Executive VP & Chief Strategy Officer	less than a year	US$2.92m	no data
Derek Bergeon	Executive VP & COO	less than a year	no data	no data
George Hoglund	Vice President of Investor Relations	5.3yrs	no data	no data
Melissa Cameron	Senior VP & Chief Marketing Officer	no data	no data	no data
Marti Dowling	Director of Investor Relations	no data	no data	no data

3.5yrs

Average Tenure

47.5yo

Average Age

Experienced Management: 4GC's management team is considered experienced (3.5 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Tamara Fischer	Executive Chairperson	4.3yrs	US$1.57m	0.023% $ 889.6k
David Cramer	President	less than a year	US$2.72m	2.45% $ 94.5m
Paul Hylbert	Lead Independent Trustee	9yrs	US$195.00k	0.021% $ 807.8k
Steven Osgood	Independent Trustee	9yrs	US$190.00k	0% $ 0
Chad Meisinger	Independent Trustee	9yrs	US$170.00k	0.12% $ 4.7m
Mark Van Mourick	Independent Trustee	9yrs	US$161.25k	0.0016% $ 63.3k
Arlen Nordhagen	Vice Chairperson	9yrs	US$1.53m	5.25% $ 202.8m
Warren Allan	Member of PRO Advisory Committee	no data	no data	no data
Rebecca Steinfort	Independent Trustee	5.9yrs	US$170.00k	no data
Dominic Palazzo	Independent Trustee	9yrs	US$193.75k	0% $ 0
John Minar	South California Regional President of Guardian Storage Centers & Member of PRO Advisory Committee	no data	no data	0.22% $ 8.5m
Marc Smith	Member of PRO Advisory Committee	6.3yrs	no data	no data

9.0yrs

Average Tenure

66yo

Average Age

Experienced Board: 4GC's board of directors are considered experienced (9 years average tenure).

National Storage Affiliates Trust Management

Management criteria checks 3/4

Key information

Recent management updates

National Storage Affiliates Trust, Annual General Meeting, May 13, 2024

National Storage Affiliates Trust Announces Promotion of Melissa Cameron to Chief Marketing Officer, Effective April 1, 2024

National Storage Affiliates Trust Announces the Appointment of Lisa R. Cohn to the Board of Trustees and on its Compensation, Nominating and Corporate Governance Committee

Vice Chair recently bought €333k worth of stock

Vice Chair recently bought €862k worth of stock

National Storage Affiliates Trust Appoints Will Cowan as Executive Vice President and Chief Strategy Officer

Recent updates

National Storage Affiliates Trust, Annual General Meeting, May 13, 2024

National Storage Affiliates Trust to Report Q1, 2024 Results on May 01, 2024

National Storage Affiliates Trust Announces Promotion of Melissa Cameron to Chief Marketing Officer, Effective April 1, 2024

Upcoming dividend of US$0.56 per share

Full year 2023 earnings released: EPS: US$1.59 (vs US$0.99 in FY 2022)

Third quarter dividend of US$0.56 announced

National Storage Affiliates Trust Announces the Appointment of Lisa R. Cohn to the Board of Trustees and on its Compensation, Nominating and Corporate Governance Committee

National Storage Affiliates Trust to Report Q4, 2023 Results on Feb 28, 2024

Vice Chair recently bought €333k worth of stock

Upcoming dividend of US$0.56 per share at 6.2% yield

National Storage Affiliates Trust (NYSE:NSA) announces an Equity Buyback for $275 million worth of its shares.

National Storage Affiliates Trust Declares Regular Cash Dividend for the Fourth Quarter of 2023, Payable on December 29, 2023

Third quarter 2023 earnings released: EPS: US$0.28 (vs US$0.21 in 3Q 2022)

National Storage Affiliates Trust to Report Q3, 2023 Results on Nov 01, 2023

Upcoming dividend of US$0.56 per share at 6.6% yield

National Storage Affiliates Trust Declares Regular Cash Dividend for the Third Quarter of 2023, Payable on September 29, 2023

Second quarter 2023 earnings released: EPS: US$0.28 (vs US$0.24 in 2Q 2022)

National Storage Affiliates Trust to Report Q2, 2023 Results on Aug 07, 2023

New major risk - Revenue and earnings growth

Upcoming dividend of US$0.56 per share at 6.0% yield

Vice Chair recently bought €862k worth of stock

National Storage Affiliates Trust Declares Regular Cash Dividend for the Second Quarter 2023, Payable on June 30, 2023

National Storage Affiliates Trust Appoints Will Cowan as Executive Vice President and Chief Strategy Officer

First quarter 2023 earnings released: FFO per share: US$0.9 (vs US$1.01 in 1Q 2022)

Upcoming dividend of US$0.55 per share at 5.0% yield

Full year 2022 earnings released: EPS: US$0.99 (vs US$1.13 in FY 2021)

National Storage Affiliates Trust to Report Q4, 2022 Results on Feb 27, 2023

Insufficient new directors

National Storage Affiliates Trust Announces Promotion of Tiffany S. Kenyon to Executive Vice President and Chief Legal Officer

Independent Trustee recently bought €2.0m worth of stock

Upcoming dividend of US$0.55 per share

Independent Trustee recently bought €178k worth of stock

National Storage Affiliates Trust Announces Executive Changes

National Storage Affiliates Trust Declares Cash Dividends for the Fourth Quarter 2022, Payable on December 30, 2022

President recently bought €382k worth of stock

Third quarter 2022 earnings released: FFO per share: US$0.9 (vs US$0.88 in 3Q 2021)

National Storage Affiliates Trust to Report Q3, 2022 Results on Nov 02, 2022

Upcoming dividend of US$0.55 per share

National Storage Affiliates Trust Declares Regular Cash Dividend for the Third Quarter of 2022, Payable on September 30, 2022

National Storage Affiliates Trust Provides Earnings Guidance for the Year 2022

Second quarter 2022 earnings released: EPS: US$0.24 (vs US$0.33 in 2Q 2021)

National Storage Affiliates Trust (NYSE:NSA) announces an Equity Buyback for $400 million worth of its shares.

National Storage Affiliates Trust to Report Q2, 2022 Results on Aug 03, 2022

National Storage Affiliates Trust(NYSE:NSA) dropped from Russell 2000 Defensive Index

National Storage Affiliates Announces Management Promotion, Effective July 1, 2022

Upcoming dividend of US$0.55 per share

National Storage Affiliates Trust Announces Regular Cash Dividends for the Second Quarter 2022, Payable on June 30, 2022

First quarter 2022 earnings released: EPS: US$0.28 (vs US$0.24 in 1Q 2021)

National Storage Affiliates Trust (NYSE : NSA) acquired 12 self storage properties in US for $92.9 million.

National Storage Affiliates Trust to Report Q1, 2022 Results on May 04, 2022

Upcoming dividend of US$0.50 per share

National Storage Affiliates Trust Declares Regular Cash Dividends for the First Quarter 2022, Payable on March 31, 2022

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

National Storage Affiliates Trust Provides Earnings Guidance for the Full Year 2022

Upcoming dividend of US$0.45 per share

Third quarter 2021 earnings released: EPS US$0.31 (vs US$0.15 in 3Q 2020)

Upcoming dividend of US$0.41 per share

National Storage Affiliates Trust Revises Earnings Guidance for the Year Ending December 31, 2021

Second quarter 2021 earnings released: EPS US$0.37 (vs US$0.10 in 2Q 2020)

National Storage Affiliates Trust Provides Earnings Guidance for the Quarter and Six Months Ended June 30, 2021

Upcoming dividend of US$0.38 per share

National Storage Affiliates Trust Declares Regular Cash Dividend for the Second Quarter 2021, Payable on June 30, 2021

National Storage Affiliates Trust (NYSE:NSA) acquired Two Property Self-Storage Portfolio Totaling 1,603 units in the Houston and Chicago.

First quarter 2021 earnings released: FFO US$0.73 per share (vs US$0.61 in 1Q 2020)

National Storage Affiliates Trust Revises Financial Guidance for the Full Year of 2021

National Storage Affiliates Trust Elects Charles F. Wu to Serve as A Member of the Board, Effective February 25, 2021

Full year 2020 earnings released: EPS US$0.53 (vs US$0.14 loss in FY 2019)

Revenue beats expectations

New 90-day high: €31.60