Quarterly report pursuant to Section 13 or 15(d)

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

v3.22.1
EARNINGS PER SHARE - Basic and Diluted Earnings per Share (Details) - USD ($)
$ / shares in Units, shares in Thousands, $ in Thousands
 3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Numerator    
Net income $ 44,786 $ 27,635
Net income attributable to noncontrolling interests (19,558) (6,797)
Net income attributable to National Storage Affiliates Trust 25,228 20,838
Distributions to preferred shareholders (3,279) (3,275)
Distributed and undistributed earnings allocated to participating securities (14) (11)
Net income attributable to common shareholders - basic 21,935 17,552
Effect of assumed conversion of dilutive securities 0 6,452
Net income attributable to common shareholders - diluted $ 21,935 $ 24,004
Denominator    
Weighted average shares outstanding - basic (in shares) 91,323 71,794
Effect of dilutive securities:    
Weighted average effect of outstanding forward offering agreement (in shares) 0 399
Weighted average OP units outstanding (in shares) 0 29,751
Weighted average DownREIT OP unit equivalents outstanding (in shares) 0 1,925
Weighted average LTIP units outstanding (in shares) 0 133
Weighted average subordinated performance units and DownREIT subordinated performance unit equivalents (in shares) 0 19,185
Weighted average shares outstanding - diluted (in shares) 91,323 123,187
Earnings (loss) per share - basic (in dollars per share) $ 0.24 $ 0.24
Earnings (loss) per share - diluted (in dollars per share) $ 0.24 $ 0.19