National Storage Affiliates Trust Announces Increase in Quarterly Common Dividend

National Storage Affiliates Trust (“NSA” or the "Company") (NYSE: NSA), today announced its Board of Trustees declared regular cash dividends for the fourth quarter 2019 payable on December 31, 2019 to shareholders of record on December 13, 2019 on the following securities:

• a dividend of $0.33 per common share, representing an annualized dividend rate of $1.32. The new rate represents a 10% increase from the fourth quarter 2018 dividend rate and a 74% increase since the Company’s IPO in the second quarter 2015; and

• a dividend of $0.375 per share on the Company’s 6.000% Series A Cumulative Redeemable Preferred Shares.

Upcoming Industry Conferences

NSA management is scheduled to participate in the KeyBanc Self Storage Investor Forum on January 7 – 8, 2020 in New York, New York.

About National Storage Affiliates Trust

National Storage Affiliates Trust is a Maryland real estate investment trust focused on the ownership, operation and acquisition of self storage properties located within the top 100 metropolitan statistical areas throughout the United States. As of September 30, 2019, the Company held ownership interests in and operated 735 self storage properties located in 35 states and Puerto Rico with approximately 47 million rentable square feet. NSA is one of the largest owners and operators of self storage properties among public and private companies in the United States. For more information, please visit the Company’s website at www.nationalstorageaffiliates.com. NSA is included in the MSCI US REIT Index (RMS/RMZ), the Russell 2000 Index of Companies and the S&P SmallCap 600 Index.

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