Nathan [Last Name Inaudible]'s questions to National Storage Affiliates Trust (NSA) leadership • Q1 2025
Question
Nathan [Last Name Inaudible] of Baird asked which markets were performing better or worse than expectations and whether tariffs could impact small business tenants.
Answer
CFO Brandon Togashi reiterated that Portland and Houston were positive surprises and that the overall portfolio performed in line with expectations. CEO Dave Cramer commented on tariffs, stating that while they could potentially have an impact, it is too soon to tell, and the company has not heard any direct feedback from tenants on the matter.