Quarterly report pursuant to Section 13 or 15(d)

EARNINGS PER SHARE - Basic and Diluted Earnings per Share (Details)

v3.21.2
EARNINGS PER SHARE - Basic and Diluted Earnings per Share (Details) - USD ($)
$ / shares in Units, shares in Thousands, $ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2021
Mar. 31, 2021
Jun. 30, 2020
Mar. 31, 2020
Jun. 30, 2021
Jun. 30, 2020
Numerator            
Net income $ 35,675 $ 27,635 $ 17,787 $ 15,763 $ 63,310 $ 33,550
Net income attributable to noncontrolling interests (6,957)   (7,365)   (13,754) (16,480)
Net income attributable to National Storage Affiliates Trust 28,718   10,422   49,556 17,070
Distributions to preferred shareholders (3,276)   (3,274)   (6,551) (6,547)
Distributed and undistributed earnings allocated to participating securities (16)   (11)   (27) (23)
Net income attributable to common shareholders - basic 25,426   7,137   42,978 10,500
Effect of assumed conversion of dilutive securities 6,593   0   13,045 0
Net income attributable to common shareholders - diluted $ 32,019   $ 7,137   $ 56,023 $ 10,500
Denominator            
Weighted average shares outstanding - basic (in shares) 76,712   68,210   74,267 64,004
Effect of dilutive securities:            
Weighted average effect of outstanding forward offering agreement (in shares) 0   0   199 0
Weighted average OP units outstanding (in shares) 29,963   0   29,857 0
Weighted average DownREIT OP unit equivalents outstanding (in shares) 1,925   0   1,925 0
Weighted average LTIP units outstanding (in shares) 91   0   112 0
Weighted average subordinated performance units and DownREIT subordinated performance unit equivalents (in shares) 20,887   0   20,036 0
Weighted average shares outstanding - diluted (in shares) 129,578   68,210   126,396 64,004
Earnings (loss) per share - basic (in dollars per share) $ 0.33   $ 0.10   $ 0.58 $ 0.16
Earnings (loss) per share - diluted (in dollars per share) $ 0.25   $ 0.10   $ 0.44 $ 0.16