logo
National Storage Affiliates Trust Reports First Quarter 2025 Results

National Storage Affiliates Trust Reports First Quarter 2025 Results

Business Wire05-05-2025

GREENWOOD VILLAGE, Colo.--(BUSINESS WIRE)--National Storage Affiliates Trust ("NSA" or the "Company") (NYSE: NSA) today reported the Company's first quarter 2025 results.
First Quarter 2025 Highlights
Reported net income of $19.5 million for the first quarter of 2025, a decrease of 79.5% compared to the first quarter of 2024. Reported diluted earnings per share of $0.10 for the first quarter of 2025 compared to $0.65 for the first quarter of 2024.
Reported core funds from operations ("Core FFO") of $73.4 million, or $0.54 per share for the first quarter of 2025, a decrease of 10.0% per share compared to the first quarter of 2024.
Reported a decrease in same store net operating income ("NOI") of 5.7% for the first quarter of 2025 compared to the same period in 2024, driven by a 3.0% decrease in same store total revenues and a 3.7% increase in same store property operating expenses.
Reported same store period-end occupancy of 83.6% as of March 31, 2025, a decrease of 240 basis points compared to March 31, 2024.
Acquired three wholly-owned self storage properties for approximately $13.5 million during the first quarter of 2025.
David Cramer, President and Chief Executive Officer, commented, "Our first quarter results were in-line with our expectations. We're encouraged with the sequential improvement in the pace of year-over-year same store revenue and NOI growth from the fourth quarter, implying that the troughs in same store growth are now behind us. Although occupancy levels remain muted, street rates and in-place contract rents have grown sequentially every month of this year through April, providing momentum into the spring leasing season."
Mr. Cramer further commented, "Despite increased economic uncertainty, we remain positive on the medium-term outlook for the self storage sector, and NSA specifically."
Financial Results
(1)
Non-GAAP financial measures, including FFO, Core FFO and NOI, are defined in the Glossary in the supplemental financial information and, where appropriate, reconciliations of these measures and other non-GAAP financial measures to their most directly comparable GAAP measures are included in the Schedules to this press release and in the supplemental financial information.
(2)
Integration costs relate to expenses incurred as a part of the internalization of the PRO structure.
Expand
Net income decreased $75.6 million for the first quarter of 2025 as compared to the same period in 2024. This decrease was primarily due to larger gains on the sale of self storage properties recognized in the first quarter of 2024. Additionally, the decrease was a result of lower NOI, driven by property dispositions and negative same store NOI growth. These impacts were partially offset by a $3.1 million increase in management fees and other revenue and a $2.5 million decrease in general and administrative expenses compared to the same period in 2024.
The decrease in FFO and Core FFO per share and unit for the first quarter of 2025 was primarily driven by a decrease in same store NOI and an increase in interest expense. These impacts were partially offset by decreased management fees paid to former PROs, reflected within general and administrative expenses, following the internalization of the PRO structure.
Same Store Operating Results (771 Stores)
Year-over-year same store total revenue decreased 3.0% for the first quarter of 2025 as compared to the same period in 2024. The decrease for the first quarter was driven primarily by a 190 basis point decrease in average occupancy and a 1.0% decrease in average annualized rental revenue per occupied square foot. Markets which generated above portfolio average same store total revenue growth include: Portland, Houston and San Juan, PR. Markets which generated below portfolio average same store total revenue growth include: Riverside-San Bernardino, Atlanta and Sarasota.
Year-over-year same store property operating expenses increased 3.7% for the first quarter of 2025 as compared to the same period in 2024. The increase was primarily driven by increases in marketing, repairs and maintenance, and utilities expense, partially offset by decreases in personnel costs.
Investment Activity
During the first quarter, NSA invested $13.5 million in the acquisition of three wholly-owned self storage properties consisting of approximately 107,000 rentable square feet configured in approximately 1,000 storage units.
Balance Sheet
As of March 31, 2025, NSA has no debt maturities in the next 12 months and approximately $522.5 million of available capacity on its $950.0 million revolving line of credit.
Common Share Dividends
On February 13, 2025, NSA's Board of Trustees declared a quarterly cash dividend of $0.57 per common share. The first quarter 2025 dividend was paid on March 31, 2025 to shareholders of record as of March 14, 2025.
2025 Guidance
NSA reaffirms its previously provided Core FFO guidance estimates and related assumptions for the year ended December 31, 2025:
Ranges for
Full Year 2025
Low
High
Earnings per share - diluted
$
0.63
$
0.69
Impact of the difference in weighted average number of shares and GAAP accounting for noncontrolling interests, two-class method and treasury stock method
(0.14
)
(0.19
)
Add real estate depreciation and amortization
1.47
1.50
Add (subtract) equity in losses (earnings) of unconsolidated real estate ventures
0.13
0.14
Add NSA's share of FFO of unconsolidated real estate ventures
0.16
0.17
Add acquisition costs and NSA's share of unconsolidated real estate venture acquisition costs
0.01
0.02
Add integration costs
0.04
0.05
Core FFO per share and unit
$
2.30
$
2.38
Expand
(1)
The table above provides a reconciliation of the range of estimated earnings per share - diluted to estimated Core FFO per share and unit.
(2)
2025 guidance reflects NSA's 2025 same store pool comprising 771 stores. 2024 actual results reflect NSA's 2024 same store pool comprising 776 stores.
(3)
NSA's actual results for full year 2024 exclude the contribution of wholly-owned self storage properties into the 2024 Joint Venture for approximately $346.5 million.
Expand
Supplemental Financial Information
The full text of this earnings release and supplemental financial information, including certain financial information referenced in this release, are available on NSA's website at www.nsastorage.com and as exhibit 99.1 to the Company's Form 8-K furnished to the SEC on May 5, 2025.
Non-GAAP Financial Measures & Glossary
This press release contains certain non-GAAP financial measures. These non-GAAP measures are presented because NSA's management believes these measures help investors understand NSA's business, performance and ability to earn and distribute cash to its shareholders by providing perspectives not immediately apparent from net income (loss). These measures are also frequently used by securities analysts, investors and other interested parties. The presentations of FFO, Core FFO and NOI in this press release are not intended to be considered in isolation or as a substitute for, or superior to, the financial information prepared and presented in accordance with GAAP. In addition, NSA's method of calculating these measures may be different from methods used by other companies, and, accordingly, may not be comparable to similar measures as calculated by other companies that do not use the same methodology as NSA. These measures, and other words and phrases used herein, are defined in the Glossary in the supplemental financial information and, where appropriate, reconciliations of these measures and other non-GAAP financial measures to their most directly comparable GAAP measures are included in the Schedules to this press release and in the supplemental financial information.
Quarterly Teleconference and Webcast
The Company will host a conference call at 1:00 pm Eastern Time on Tuesday, May 6, 2025 to discuss its first quarter 2025 financial results. At the conclusion of the call, management will accept questions from certified financial analysts. All other participants are encouraged to listen to a webcast of the call by accessing the link found on the Company's website at www.nsastorage.com.
Conference Call and Webcast:
Date/Time: Tuesday, May 6, 2025, 1:00 pm ET
Webcast available at: www.nsastorage.com.
Domestic (Toll Free US & Canada): 877.407.9711
International: 412.902.1014
A replay of the webcast will be available for 30 days on NSA's website at www.nsastorage.com.
Upcoming Industry Conference
NSA management is scheduled to participate in Nareit's REITweek 2025 Conference on June 2-5, 2025 in New York City, New York.
About National Storage Affiliates Trust
National Storage Affiliates Trust is a real estate investment trust headquartered in Greenwood Village, Colorado, focused on the ownership, operation and acquisition of self storage properties predominantly located within the top 100 metropolitan statistical areas throughout the United States. As of March 31, 2025, the Company held ownership interests in and operated 1,075 self storage properties, located in 41 states and Puerto Rico with approximately 70.2 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.nsastorage.com. NSA is included in the MSCI US REIT Index (RMS/RMZ), the Russell 1000 Index of Companies and the S&P MidCap 400 Index.
Certain statements contained in this press release constitute forward-looking statements as such term is defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and such statements are intended to be covered by the safe harbor provided by the same. Forward-looking statements are subject to substantial risks and uncertainties, many of which are difficult to predict and are generally beyond the Company's control. These forward-looking statements include information about possible or assumed future results of the Company's business, financial condition, liquidity, results of operations, plans and objectives. Changes in any circumstances may cause the Company's actual results to differ significantly from those expressed in any forward-looking statement. When used in this release, the words "believe," "expect," "anticipate," "estimate," "plan," "continue," "intend," "should," "may" or similar expressions are intended to identify forward-looking statements. Statements regarding the following subjects, among others, may be forward-looking: market trends in the Company's industry, interest rates, inflation, the debt and lending markets or the general economy; the Company's business and investment strategy; the acquisition and disposition of properties, including those under contract and the Company's ability to execute on its acquisition pipeline; the timing of acquisitions under contract; the Company's ability to realize the benefits from the internalization of the PRO structure; and the Company's guidance estimates for the year ended December 31, 2025. For a further list and description of such risks and uncertainties, see the Company's most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q and Current Reports on Form 8-K filed with the Securities and Exchange Commission, and the other documents filed by the Company with the Securities and Exchange Commission. The forward-looking statements, and other risks, uncertainties and factors are based on the Company's beliefs, assumptions and expectations of its future performance, taking into account all information currently available to the Company. Forward-looking statements are not predictions of future events. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
National Storage Affiliates Trust
Consolidated Balance Sheets
(dollars in thousands, except per share amounts)
(unaudited)
March 31,
2025
2024
ASSETS
Real estate
Self storage properties
$
5,873,499
$
5,864,134
Less accumulated depreciation
(1,095,918
)
(1,051,638
)
Self storage properties, net
4,777,581
4,812,496
Cash and cash equivalents
19,266
50,408
Restricted cash
909
345
Debt issuance costs, net
4,921
5,632
Investment in unconsolidated real estate ventures
235,591
246,193
Other assets, net
196,079
218,482
Operating lease right-of-use assets
20,657
20,906
Total assets
$
5,255,004
$
5,354,462
LIABILITIES AND EQUITY
Liabilities
Debt financing
$
3,426,666
$
3,449,087
Accounts payable and accrued liabilities
92,016
98,657
Interest rate swap liabilities
1,196
471
Operating lease liabilities
22,662
22,888
Deferred revenue
20,272
20,012
Total liabilities
3,562,812
3,591,115
Equity
Preferred shares of beneficial interest, par value $0.01 per share. 50,000,000 authorized, 14,697,845 and 14,695,458 issued (in series) and outstanding at March 31, 2025 and December 31, 2024, respectively, at liquidation preference
340,955
340,895
Common shares of beneficial interest, par value $0.01 per share. 250,000,000 shares authorized, 76,450,466 and 76,344,661 shares issued and outstanding at March 31, 2025 and December 31, 2024, respectively
764
763
Additional paid-in capital
1,249,291
1,249,426
Distributions in excess of earnings
(566,346
)
(530,652
)
Accumulated other comprehensive income
9,315
15,548
Total shareholders' equity
1,033,979
1,075,980
Noncontrolling interests
658,213
687,367
Total equity
1,692,192
1,763,347
Total liabilities and equity
$
5,255,004
$
5,354,462
Expand
Reconciliation of Net Income to FFO and Core FFO
(in thousands, except per share and unit amounts) (unaudited)
Three Months Ended March 31,
2025
2024
Net income
$
19,519
$
95,088
Add (subtract):
Real estate depreciation and amortization
47,661
46,964
Equity in losses of unconsolidated real estate ventures
5,739
1,630
Company's share of FFO in unconsolidated real estate ventures
5,052
5,685
Gain on sale of self storage properties
(1,425
)
(61,173
)
Distributions to preferred shareholders and unitholders
(5,568
)
(5,568
)
FFO attributable to subordinated performance units (1)

(10,730
)
FFO attributable to common shareholders, OP unitholders, and LTIP unitholders
70,978
71,896
Add (subtract):
Acquisition costs
403
507
Integration costs (2)
2,042

Core FFO attributable to common shareholders, OP unitholders, and LTIP unitholders
$
73,423
$
72,403
Weighted average shares and units outstanding - FFO and Core FFO: (3)
Weighted average shares outstanding - basic
76,372
80,236
Weighted average restricted common shares outstanding
21
22
Weighted average OP units outstanding
52,147
37,633
Weighted average DownREIT OP unit equivalents outstanding
5,769
2,120
Weighted average LTIP units outstanding
925
693
Total weighted average shares and units outstanding - FFO and Core FFO
135,234
120,704
FFO per share and unit
$
0.52
$
0.60
Core FFO per share and unit
$
0.54
$
0.60
Expand
(1)
Amounts represent distributions declared for subordinated performance unitholders and DownREIT subordinated performance unitholders for the periods presented.
(2)
Integration costs relate to expenses incurred as a part of the internalization of the PRO structure.
(3)
NSA combines OP units and DownREIT OP units with common shares because, after the applicable lock-out periods, OP units in the Company's operating partnership are redeemable for cash or, at NSA's option, exchangeable for common shares on a one-for-one basis and DownREIT OP units are also redeemable for cash or, at NSA's option, exchangeable for OP units in the Company's operating partnership on a one-for-one basis, subject to certain adjustments in each case. LTIP units may also, under certain circumstances, be convertible into or exchangeable for common shares (or other units that are convertible into or exchangeable for common shares). All subordinated performance units and DownREIT subordinated performance units were converted into OP units on July 1, 2024, in connection with the internalization of the PRO structure. See footnote (4) for additional discussion of subordinated performance units, DownREIT subordinated performance units, and LTIP units in the calculation of FFO and Core FFO per share and unit.
Expand
(4)
Adjustment accounts for the difference between the weighted average number of shares used to calculate diluted earnings per share and the weighted average number of shares used to calculate FFO and Core FFO per share and unit. Diluted earnings per share is calculated using the two-class method for the company's restricted common shares and the treasury stock method for certain unvested LTIP units, and assumes the conversion of vested LTIP units into OP units on a one-for-one basis and the hypothetical conversion of subordinated performance units, and DownREIT subordinated performance units into OP units, even though such units may have only been convertible into OP units (i) after a lock-out period and (ii) upon certain events or conditions. All outstanding subordinated performance units and DownREIT subordinated performance units were converted into OP units on July 1, 2024, in connection with the internalization of the PRO structure. The computation of weighted average shares and units for FFO and Core FFO per share and unit includes all restricted common shares and LTIP units that participate in distributions and excludes all subordinated performance units and DownREIT subordinated performance units because their effect has been accounted for through the allocation of FFO to the related unitholders based on distributions declared.
(5)
Represents the effect of adjusting the numerator to consolidated net income prior to GAAP allocations for noncontrolling interests, after deducting preferred share and unit distributions, and before the application of the two-class method and treasury stock method, as described in footnote (4).
Expand
Net Operating Income
(dollars in thousands) (unaudited)
Three Months Ended March 31,
2025
2024
Net income
$
19,519
$
95,088
(Subtract) add:
Management fees and other revenue
(12,135
)
(9,074
)
General and administrative expenses
13,145
15,674
Other
4,476
3,492
Depreciation and amortization
48,116
47,331
Interest expense
40,475
38,117
Equity in losses of unconsolidated real estate ventures
5,739
1,630
Acquisition and integration costs
2,445
507
Income tax expense
1,120
886
Gain on sale of self storage properties
(1,425
)
(61,173
)
Non-operating income
(360
)
(98
)
Net Operating Income
$
121,115
$
132,380
Expand
EBITDA and Adjusted EBITDA
(dollars in thousands) (unaudited)
Three Months Ended March 31,
2025
2024
Net income
$
19,519
$
95,088
Add:
Depreciation and amortization
48,116
47,331
Company's share of unconsolidated real estate venture depreciation and amortization
5,411
4,552
Interest expense
40,475
38,117
Income tax expense
1,120
886
EBITDA
114,641
185,974
Add (subtract):
Acquisition costs
403
507
Effect of hypothetical liquidation at book value (HLBV) accounting for unconsolidated 2024 Joint Venture (1)
5,381
2,764
Gain on sale of self storage properties
(1,425
)
(61,173
)
Integration costs, excluding equity-based compensation (2)
930

Equity-based compensation expense (3)
3,079
1,855
Adjusted EBITDA
$
123,009
$
129,927
Expand
(1)
Reflects the non-cash impact of applying HLBV to the 2024 Joint Venture, which allocates GAAP income (loss) on a hypothetical liquidation of the underlying joint venture at book value as of the reporting date.
(2)
Integration costs relate to expenses incurred as a part of the internalization of the PRO structure.
(3)
Equity-based compensation expense is a non-cash item recorded within general and administrative expenses and acquisition and integration costs in our consolidated statements of operations. For the three months ended March 31, 2025, $1.1 million relates to the internalization of the PRO structure and is included in acquisition and integration costs.
Expand

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

IQVIA Holdings (NYSE:IQV) Sees 11% Share Price Rise Over Last Week
IQVIA Holdings (NYSE:IQV) Sees 11% Share Price Rise Over Last Week

Yahoo

time12 minutes ago

  • Yahoo

IQVIA Holdings (NYSE:IQV) Sees 11% Share Price Rise Over Last Week

IQVIA Holdings experienced a 10% rise in share price over the last week, correlating with its recent developments, notably the dosing of the first patient in the RENEW Phase 2 trial and its strategic alliance with Sarah Cannon Research Institute to optimize oncology trials. These initiatives likely provided a positive sentiment boost, aligning well with the broader market momentum, as indices such as the S&P 500 also reached new highs. The market's anticipation over US-China trade talks and overall strong corporate earnings have supported the upward trend, further enhancing IQV's market performance. We've identified 1 warning sign for IQVIA Holdings that you should be aware of. Uncover 18 companies that survived and thrived after COVID and have the right ingredients to survive Trump's tariffs. The recent 10% rise in IQVIA Holdings' share price has been influenced by important developments like the dosing in the RENEW Phase 2 trial and a key alliance with Sarah Cannon Research Institute. These initiatives are expected to potentially drive revenue growth, particularly as the strategic alliance optimizes oncology trials. The company's past performance, with total returns of 10.45% over five years, suggests modest growth in investor value. However, compared to the US Life Sciences industry's one-year return of 27% decline, IQVIA's recent rise highlights positive market sentiment. These initiatives, combined with FDA reforms and NVIDIA collaboration, may lower operational costs and have a favorable impact on earnings forecasts. Analysts predict revenue to grow by 5.2% annually over the next three years, which is somewhat cautious compared to the general expectations for the life sciences sector. The recent share price movement to US$146.2 remains below the consensus price target of US$216.31, indicating potential for future appreciation if the projected growth in revenue and earnings materializes. Click here to discover the nuances of IQVIA Holdings with our detailed analytical financial health report. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include NYSE:IQV. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

KBRA Assigns Preliminary Ratings to EFMT 2025-NQM2
KBRA Assigns Preliminary Ratings to EFMT 2025-NQM2

Business Wire

time19 minutes ago

  • Business Wire

KBRA Assigns Preliminary Ratings to EFMT 2025-NQM2

NEW YORK--(BUSINESS WIRE)--KBRA assigns preliminary ratings to seven classes of mortgage pass-through certificates from EFMT 2025-NQM2, a $282.8 million non-prime RMBS transaction. The underlying collateral, comprising 656 residential mortgages, is characterized by a notable concentration of alternative income documentation, with 83.9% of the loans underwritten using bank statements, DSCR, and asset underwriting documentation types. The majority of loans are either classified as non-qualified mortgages (56.9%) or exempt (40.1%) from the Ability-to-Repay/Qualified Mortgage rule due to being originated for non-consumer loan purposes. LendSure Mortgage Corp. (LendSure), an affiliated originator of Ellington Management Group ('Ellington') originated 36.6% of the pool. KBRA's rating approach incorporated loan-level analysis of the mortgage pool through its Residential Asset Loss Model (REALM), an examination of the results from third-party loan file due diligence, cash flow modeling analysis of the transaction's payment structure, reviews of key transaction parties and an assessment of the transaction's legal structure and documentation. This analysis is further described in our U.S. RMBS Rating Methodology. To access ratings and relevant documents, click here. Click here to view the report. Related Publications Methodologies Disclosures Further information on key credit considerations, sensitivity analyses that consider what factors can affect these credit ratings and how they could lead to an upgrade or a downgrade, and ESG factors (where they are a key driver behind the change to the credit rating or rating outlook) can be found in the full rating report referenced above. A description of all substantially material sources that were used to prepare the credit rating and information on the methodology(ies) (inclusive of any material models and sensitivity analyses of the relevant key rating assumptions, as applicable) used in determining the credit rating is available in the Information Disclosure Form(s) located here. Information on the meaning of each rating category can be located here. Further disclosures relating to this rating action are available in the Information Disclosure Form(s) referenced above. Additional information regarding KBRA policies, methodologies, rating scales and disclosures are available at About KBRA Kroll Bond Rating Agency, LLC (KBRA), one of the major credit rating agencies (CRA), is a full-service CRA registered with the U.S. Securities and Exchange Commission as an NRSRO. Kroll Bond Rating Agency Europe Limited is registered as a CRA with the European Securities and Markets Authority. Kroll Bond Rating Agency UK Limited is registered as a CRA with the UK Financial Conduct Authority. In addition, KBRA is designated as a Designated Rating Organization (DRO) by the Ontario Securities Commission for issuers of asset-backed securities to file a short form prospectus or shelf prospectus. KBRA is also recognized as a Qualified Rating Agency by Taiwan's Financial Supervisory Commission and is recognized by the National Association of Insurance Commissioners as a Credit Rating Provider (CRP) in the U.S. Doc ID: 1009865

Toll Brothers Announces New Regency 55+ Active-Adult Homes are Now Open for Sale in Chambers Creek Master Plan in Willis, Texas
Toll Brothers Announces New Regency 55+ Active-Adult Homes are Now Open for Sale in Chambers Creek Master Plan in Willis, Texas

Yahoo

time20 minutes ago

  • Yahoo

Toll Brothers Announces New Regency 55+ Active-Adult Homes are Now Open for Sale in Chambers Creek Master Plan in Willis, Texas

WILLIS, Texas, June 10, 2025 (GLOBE NEWSWIRE) -- Toll Brothers, Inc. (NYSE:TOL), the nation's leading builder of luxury homes, today announced that its new Regency 55+ active-adult home designs are now open for sale within the Chambers Creek master plan by Caldwell Communities, located just north of Houston in Willis, Texas. These new luxury single-level homes designs are the first Regency active adult offering from Toll Brothers in the Houston area. The Toll Brothers Regency Sales Center and model home are now open in Chambers Creek at 9835 Vista Ridge Circle in Willis, Texas. The sophisticated new Toll Brothers Regency homes showcase convenient single-level living and modern open floor plans ideal for entertaining. The Blossom Collection and Riverside Collection offer open concept home designs on 45- and 70-foot-wide home sites, respectively, with 2 to 3 bedrooms, up to 3.5 bathrooms, and private 2- and 3-car garages. Homes are priced from the upper $300,000s. Toll Brothers customers will experience one-stop shopping at the Toll Brothers Design Studio. The state-of-the-art Design Studio allows customers to choose from a wide array of selections to personalize their dream home with the assistance of Toll Brothers professional Design Consultants. Quick move-in homes with Designer Appointed Features will also be available at the community.'We are excited to open our first Regency home designs in the Houston area, offering 55+ home shoppers an unparalleled opportunity to enjoy an active lifestyle in this beautiful, amenity-rich community,' said Brian Murray, Division President of Toll Brothers in Houston. 'The Toll Brothers Regency homes offered in Chambers Creek feature the perfect mix of luxury and lifestyle, with stunning new single-level home designs and endless opportunities to enjoy life in the beautiful rolling hills just north of Houston.' Chambers Creek has been recognized as one of the Top Communities in the Nation for 2025 by the Private Communities Registry, highlighting its exceptional lifestyle and amenities. Chambers Creek offers an array of resort-style master plan amenities including a resort-style pool, a private boat launch with reserved boat slips, a vineyard, a community garden, a nine-hole Tom Lehman golf course, an 18-hole putting course, pickleball and tennis courts, and extensive parks and nature trails. In addition, the community boasts an exclusive gated setting including controlled access with an attendant and a full-time Lifestyle Director to plan community events. Chambers Creek residents also enjoy convenient access to entertainment, live music, fine dining, and shopping in nearby Conroe and The Woodlands, as well as Interstate 45 and George Bush Intercontinental Airport. Toll Brothers Regency active-adult homes and communities across the country are designed with the active lifestyles of their residents in mind, offering thoughtfully crafted homes tailored to residents aged 55 and older and access to resort-style amenities and social events that foster community engagement. For more information on the Regency home designs offered in Chambers Creek, Toll Brothers home shoppers are invited to call 833-289-8655 or visit About Toll Brothers Toll Brothers, Inc., a Fortune 500 Company, is the nation's leading builder of luxury homes. The Company was founded 58 years ago in 1967 and became a public company in 1986. Its common stock is listed on the New York Stock Exchange under the symbol 'TOL.' The Company serves first-time, move-up, empty-nester, active-adult, and second-home buyers, as well as urban and suburban renters. Toll Brothers builds in over 60 markets in 24 states: Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Idaho, Indiana, Maryland, Massachusetts, Michigan, Nevada, New Jersey, New York, North Carolina, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Virginia, and Washington, as well as in the District of Columbia. The Company operates its own architectural, engineering, mortgage, title, land development, smart home technology, and landscape subsidiaries. The Company also develops master-planned and golf course communities as well as operates its own lumber distribution, house component assembly, and manufacturing operations. Toll Brothers has been one of Fortune magazine's World's Most Admired Companies™ for 10+ years in a row, and in 2024 the Company's Chairman and CEO Douglas C. Yearley, Jr. was named one of 25 Top CEOs by Barron's magazine. Toll Brothers has also been named Builder of the Year by Builder magazine and is the first two-time recipient of Builder of the Year from Professional Builder magazine. For more information visit From Fortune, ©2025 Fortune Media IP Limited. All rights reserved. Used under license. Contact: Andrea Meck | Toll Brothers, Senior Director, Public Relations & Social Media | 215-938-8169 | ameck@ A photo accompanying this announcement is available at Sent by Toll Brothers via Regional Globe Newswire (TOLL-REG)Sign in to access your portfolio

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store