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 9 Months Ended
Sep. 30, 2021
Jun. 30, 2021
Mar. 31, 2021
Sep. 30, 2020
Jun. 30, 2020
Mar. 31, 2020
Sep. 30, 2021
Sep. 30, 2020
Numerator                
Net income $ 40,730 $ 35,675 $ 27,635 $ 21,411 $ 17,787 $ 15,763 $ 104,040 $ 54,961
Net income attributable to noncontrolling interests (10,506)     (7,924)     (24,260) (24,404)
Net income attributable to National Storage Affiliates Trust 30,224     13,487     79,780 30,557
Distributions to preferred shareholders (3,276)     (3,275)     (9,827) (9,822)
Distributed and undistributed earnings allocated to participating securities (16)     (11)     (43) (34)
Net income attributable to common shareholders - basic 26,932     10,201     69,910 20,701
Effect of assumed conversion of dilutive securities 10,138     0     23,183 0
Net income attributable to common shareholders - diluted $ 37,070     $ 10,201     $ 93,093 $ 20,701
Denominator                
Weighted average shares outstanding - basic (in shares) 86,257     68,887     78,307 65,643
Effect of dilutive securities:                
Weighted average effect of outstanding forward offering agreement (in shares) 0     0     133 0
Weighted average OP units outstanding (in shares) 30,103     0     29,940 0
Weighted average DownREIT OP unit equivalents outstanding (in shares) 1,925     0     1,925 0
Weighted average LTIP units outstanding (in shares) 80     0     101 0
Weighted average subordinated performance units and DownREIT subordinated performance unit equivalents (in shares) 21,660     0     20,577 0
Weighted average shares outstanding - diluted (in shares) 140,025     68,887     130,983 65,643
Earnings (loss) per share - basic (in dollars per share) $ 0.31     $ 0.15     $ 0.89 $ 0.32
Earnings (loss) per share - diluted (in dollars per share) $ 0.26     $ 0.15     $ 0.71 $ 0.32