Quarterly report pursuant to Section 13 or 15(d)

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

v3.22.2
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, 2022
Mar. 31, 2022
Jun. 30, 2021
Mar. 31, 2021
Jun. 30, 2022
Jun. 30, 2021
Numerator            
Net income $ 48,425 $ 44,786 $ 35,675 $ 27,635 $ 93,211 $ 63,310
Net income attributable to noncontrolling interests (23,387)   (6,957)   (42,945) (13,754)
Net income attributable to National Storage Affiliates Trust 25,038   28,718   50,266 49,556
Distributions to preferred shareholders (3,382)   (3,276)   (6,661) (6,551)
Distributed and undistributed earnings allocated to participating securities (14)   (16)   (28) (27)
Net income attributable to common shareholders - basic 21,642   25,426   43,577 42,978
Effect of assumed conversion of dilutive securities 0   6,593   0 13,045
Net income attributable to common shareholders - diluted $ 21,642   $ 32,019   $ 43,577 $ 56,023
Denominator            
Weighted average shares outstanding - basic (in shares) 91,541   76,712   91,433 74,267
Effect of dilutive securities:            
Weighted average effect of outstanding forward offering agreement (in shares) 0   0   0 199
Weighted average OP units outstanding (in shares) 0   29,963   0 29,857
Weighted average DownREIT OP unit equivalents outstanding (in shares) 0   1,925   0 1,925
Weighted average LTIP units outstanding (in shares) 0   91   0 112
Weighted average subordinated performance units and DownREIT subordinated performance unit equivalents (in shares) 0   20,887   0 20,036
Weighted average shares outstanding - diluted (in shares) 91,541   129,578   91,433 126,396
Earnings per share - basic (in USD per share) $ 0.24   $ 0.33   $ 0.48 $ 0.58
Earnings per share - diluted (in USD per share) $ 0.24   $ 0.25   $ 0.48 $ 0.44