National Storage Affiliates Trust Announces Increase in Quarterly Common Dividend

National Storage Affiliates Trust ("NSA" or the "Company") NSA, today announced its Board of Trustees declared regular cash dividends for the second quarter 2019 payable on June 28, 2019 to shareholders of record on June 14, 2019 on the following securities:

• a dividend of $0.32 per common share, representing an annualized dividend rate of $1.28. The new rate represents a 10.3% increase from the second quarter 2018 dividend rate and a 6.7% increase from the first quarter 2019 dividend rate. This increase is the eighth common share dividend 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 REITweek 2019 Investor Conference on June 4 – 6, 2019 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. The Company currently holds ownership interests in and operates over 700 self storage properties located in 35 states + Puerto Rico with over 45 million rentable square feet. NSA is one of the largest owners and operators of self storage properties among public and private companies in the U.S. 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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