National Storage Affiliates Trust Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

DEBT FINANCING (Tables)

DEBT FINANCING (Tables)

3 Months Ended

Mar. 31, 2016

The Company's outstanding debt as of March 31, 2016 and December 31, 2015 is summarized as follows (dollars in thousands):



	Interest	March 31,		December 31,
	Rate ⁽¹⁾	2016		2015
Credit Facility:
Revolving line of credit	2.04%	$	259,475	$	187,975
Term loan	2.74%	200,000		200,000
Fixed rate mortgages payable	3.97%	172,201		176,911
Total principal		631,676		564,886
Unamortized debt issuance costs and debt premium, net		2,636		2,909
Total debt		$	634,312	$	567,795


⁽¹⁾	^{Represents the effective interest rate as of}^{March 31, 2016}^{. Effective interest rate incorporates the stated rate plus the impact of interest rate cash flow hedges and discount and premium amortization, if applicable. For the revolving line of credit, the effective interest rate excludes fees for unused borrowings.}

Schedule of future debt maturities

Based on existing debt agreements in effect as of March 31, 2016, the scheduled principal and maturity payments for outstanding borrowings under the Company's credit facility and fixed rate mortgages are presented in the table below (in thousands):



Year Ending December 31,	Scheduled Principal and Maturity Payments		Premium Amortization and Unamortized Debt Issuance Costs			Total
Remainder of 2016	$	9,420	$	645		$	10,065
2017	275,629		322			275,951
2018	209,191		621			209,812
2019	3,468		713			4,181
2020	37,635		360			37,995
2021	5,798		2			5,800
After 2022	90,535		(27		)	90,508
	$	631,676	$	2,636		$	634,312