National Storage Affiliates Trust (NSA) Announces 8M Share Offering

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National Storage Affiliates Trust (NSA) Prices Upsized 8.8M Share Offering at $51.25/sh

July 21, 2021 5:22 AM EDT

National Storage Affiliates Trust (NYSE: NSA) today announced the pricing of its previously announced underwritten public offering of 8,000,000 common shares of beneficial interest of the Company at a public offering price of $51.25 per share. The offering was upsized from 8,000,000 common shares to 8,800,000 common shares for total gross proceeds of $451.0 million. The Company has also granted the underwriters a 30-day option to purchase up to an additional 1,320,000 common shares at the public offering price, less underwriting discounts.

The Company expects to close the offering on or about July 23,... More