Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

v2.4.1.9
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2015
Mar. 31, 2014
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (2,771)us-gaap_ProfitLoss $ (2,803)us-gaap_ProfitLoss
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 9,877nsa_DeprecationDepletionandAmortizationExcludingFinancingCostsandDiscounts 3,837nsa_DeprecationDepletionandAmortizationExcludingFinancingCostsandDiscounts
Amortization of debt issuance costs 990us-gaap_AmortizationOfFinancingCosts 407us-gaap_AmortizationOfFinancingCosts
Amortization of debt discount and premium, net (353)us-gaap_AmortizationOfDebtDiscountPremium 912us-gaap_AmortizationOfDebtDiscountPremium
Unrealized loss on fair value of derivatives 126us-gaap_UnrealizedGainLossOnDerivatives 6us-gaap_UnrealizedGainLossOnDerivatives
LTIP units issued for acquisition expenses 366us-gaap_IssuanceOfStockAndWarrantsForServicesOrClaims 0us-gaap_IssuanceOfStockAndWarrantsForServicesOrClaims
Equity-based compensation expense 638us-gaap_ShareBasedCompensation 342us-gaap_ShareBasedCompensation
Change in assets and liabilities, net of effects of business combinations:    
Restricted cash (100)us-gaap_IncreaseDecreaseInRestrictedCashForOperatingActivities (488)us-gaap_IncreaseDecreaseInRestrictedCashForOperatingActivities
Other assets (559)us-gaap_IncreaseDecreaseInOtherOperatingAssets (527)us-gaap_IncreaseDecreaseInOtherOperatingAssets
Accounts payable and accrued liabilities 1,147us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities 100us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
Deferred revenue 287us-gaap_IncreaseDecreaseInDeferredRevenue 160us-gaap_IncreaseDecreaseInDeferredRevenue
Net Cash Provided by Operating Activities 9,648us-gaap_NetCashProvidedByUsedInOperatingActivities 1,946us-gaap_NetCashProvidedByUsedInOperatingActivities
CASH FLOWS FROM INVESTING ACTIVITIES    
Acquisition of self storage properties (6,991)us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired (1,850)us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired
Capital expenditures (1,020)us-gaap_PaymentsForCapitalImprovements (464)us-gaap_PaymentsForCapitalImprovements
Notes receivable from PROs 0us-gaap_OriginationOfNotesReceivableFromRelatedParties (4,831)us-gaap_OriginationOfNotesReceivableFromRelatedParties
Deposits and advances for self storage property acquisitions (381)us-gaap_PaymentsForProceedsFromDepositsOnRealEstateAcquisitions 0us-gaap_PaymentsForProceedsFromDepositsOnRealEstateAcquisitions
Expenditures for corporate furniture and equipment (33)us-gaap_PaymentsToAcquireFurnitureAndFixtures (24)us-gaap_PaymentsToAcquireFurnitureAndFixtures
Increase in restricted cash designated for capital expenditures (24)us-gaap_IncreaseInRestrictedCash (107)us-gaap_IncreaseInRestrictedCash
Net Cash Used in Investing Activities (8,449)us-gaap_NetCashProvidedByUsedInInvestingActivities (7,276)us-gaap_NetCashProvidedByUsedInInvestingActivities
Proceeds from:    
Borrowings under debt financings 21,000us-gaap_ProceedsFromIssuanceOfLongTermDebt 5,000us-gaap_ProceedsFromIssuanceOfLongTermDebt
Issuance of OP units 0us-gaap_ProceedsFromIssuanceOfCommonLimitedPartnersUnits 431us-gaap_ProceedsFromIssuanceOfCommonLimitedPartnersUnits
OP unit subscriptions 500us-gaap_ProceedsFromPartnershipContribution 0us-gaap_ProceedsFromPartnershipContribution
Collection of receivables from issuance of OP equity 372us-gaap_ProceedsFromContributedCapital 0us-gaap_ProceedsFromContributedCapital
Principal payments under debt financings (16,489)us-gaap_RepaymentsOfLongTermDebt (501)us-gaap_RepaymentsOfLongTermDebt
Distributions to partners of OP (6,288)us-gaap_DistributionMadeToLimitedPartnerCashDistributionsPaid (1,648)us-gaap_DistributionMadeToLimitedPartnerCashDistributionsPaid
NSA Predecessor distributions and other 0us-gaap_PaymentsOfDistributionsToAffiliates (429)us-gaap_PaymentsOfDistributionsToAffiliates
Payments for:    
Debt issuance costs (584)us-gaap_PaymentsOfDebtIssuanceCosts (131)us-gaap_PaymentsOfDebtIssuanceCosts
Deferred offering costs (391)us-gaap_PaymentsOfStockIssuanceCosts (64)us-gaap_PaymentsOfStockIssuanceCosts
Net Cash (Used In) Provided by Financing Activities (1,880)us-gaap_NetCashProvidedByUsedInFinancingActivities 2,658us-gaap_NetCashProvidedByUsedInFinancingActivities
Decrease in Cash and Cash Equivalents (681)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease (2,672)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
CASH AND CASH EQUIVALENTS    
Beginning of period 9,009us-gaap_CashAndCashEquivalentsAtCarryingValue 11,196us-gaap_CashAndCashEquivalentsAtCarryingValue
End of period 8,328us-gaap_CashAndCashEquivalentsAtCarryingValue 8,524us-gaap_CashAndCashEquivalentsAtCarryingValue
Supplemental Cash Flow Information    
Cash paid for interest 6,241us-gaap_InterestPaidNet 4,492us-gaap_InterestPaidNet
Consideration exchanged in business combinations:    
Issuance of OP units and subordinated performance units 8,954nsa_NoncashOrPartNoncashAcquisitionNoncashFinancialOrEquityInstrumentConsiderationUnitsIssuedValue 0nsa_NoncashOrPartNoncashAcquisitionNoncashFinancialOrEquityInstrumentConsiderationUnitsIssuedValue
Assumption of mortgages payable 16,442us-gaap_NoncashOrPartNoncashAcquisitionDebtAssumed1 0us-gaap_NoncashOrPartNoncashAcquisitionDebtAssumed1
Note payable to related party to settle assumed mortgages 4,054nsa_NoncashOrPartNoncashAcquisitionNotesPayableToRelatedParty 0nsa_NoncashOrPartNoncashAcquisitionNotesPayableToRelatedParty
Other net liabilities assumed 70us-gaap_NoncashOrPartNoncashAcquisitionOtherLiabilitiesAssumed1 5us-gaap_NoncashOrPartNoncashAcquisitionOtherLiabilitiesAssumed1
Notes receivable settled upon acquisition of properties 1,778nsa_NoncashOrPartNoncashAcquisitionNoteReceivableSettledUponPropertyAcquisition 50nsa_NoncashOrPartNoncashAcquisitionNoteReceivableSettledUponPropertyAcquisition
Fair value of noncontrolling interests in acquired subsidiaries 6,770nsa_NoncashOrPartNoncashAcquisitionNoncontrollingInterestAcquiredInSubsidiariesFairValue 0nsa_NoncashOrPartNoncashAcquisitionNoncontrollingInterestAcquiredInSubsidiariesFairValue
Issuance of OP units for settlement of subscription liability 0nsa_NoncashOrPartNoncashAcquisitionNoncashFinancialOrEquityInstrumentConsiderationOptionsIssuedInSettlementofLiability 5,863nsa_NoncashOrPartNoncashAcquisitionNoncashFinancialOrEquityInstrumentConsiderationOptionsIssuedInSettlementofLiability
Settlement of acquisition receivables from distributions 141nsa_NoncashOrPartNoncashAcquisitionSettlementOfReceivablesWithPartners 0nsa_NoncashOrPartNoncashAcquisitionSettlementOfReceivablesWithPartners
Increase in lender participation liability and related discount $ 0nsa_IncreaseInLenderLiabilitiesAndRelatedDiscounts $ 770nsa_IncreaseInLenderLiabilitiesAndRelatedDiscounts