NSA: the cash flow

MyFinsight

For the year ending 2025-12-31, NSA had -$27,115K decrease in cash & cash equivalents over the period.

Cash Flow	2025-12-31
Net income	116,274
Depreciation and amortization	189,320
Amortization of debt issuance costs	6,352
Amortization of debt discount and premium, net	-470
Gain on sale of self storage properties	16,293
Other	0
Equity-based compensation expense	12,194
Equity in losses (earnings) of unconsolidated real estate ventures	-7,327
Distributions from unconsolidated real estate ventures	20,256
Other assets	-7,625
Accounts payable and accrued liabilities	-3,909
Deferred revenue	-175
Net cash provided by operating activities	338,501
Acquisition of self storage properties	23,770
Capital expenditures	38,687
Deposits and advances for self storage property and other acquisitions	172
Investment in unconsolidated real estate ventures	12,849
Expenditures for corporate furniture, equipment and other	561
Acquisition of intangible assets from our former pros	0
Other	0
Net proceeds from sale of self storage properties	95,894
Net cash provided by investing activities	19,855
Borrowings under debt financings	635,800
Redemption of op equity	7,934
Repurchase of common shares	0
Principal payments under debt financings	680,384
Payment of dividends to common shareholders	174,909
Payment of dividends to preferred shareholders	20,462
Distributions to noncontrolling interests	134,056
Debt issuance costs	2,943
Equity offering costs	583
Net cash used in financing activities	-385,471
(decrease) increase in cash, cash equivalents and restricted cash	-27,115
Beginning of year	50,753
End of year	23,638

Unit: Thousand (K) dollars (except for numbers of shares and EPS).