Quarterly report pursuant to Section 13 or 15(d)

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

v3.22.2.2
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, 2022
Jun. 30, 2022
Mar. 31, 2022
Sep. 30, 2021
Jun. 30, 2021
Mar. 31, 2021
Sep. 30, 2022
Sep. 30, 2021
Numerator                
Net income $ 40,177 $ 48,425 $ 44,786 $ 40,730 $ 35,675 $ 27,635 $ 133,388 $ 104,040
Net income attributable to noncontrolling interests (17,966)     (10,506)     (60,911) (24,260)
Net income attributable to National Storage Affiliates Trust 22,211     30,224     72,477 79,780
Distributions to preferred shareholders (3,382)     (3,276)     (10,043) (9,827)
Distributed and undistributed earnings allocated to participating securities (14)     (16)     (44) (43)
Net income attributable to common shareholders - basic 18,815     26,932     62,390 69,910
Effect of assumed conversion of dilutive securities 0     10,138     0 23,183
Net income attributable to common shareholders - diluted $ 18,815     $ 37,070     $ 62,390 $ 93,093
Denominator                
Weighted average shares outstanding - basic (in shares) 91,471     86,257     91,446 78,307
Effect of dilutive securities:                
Weighted average effect of outstanding forward offering agreement (in shares) 0     0     0 133
Weighted average OP units outstanding (in shares) 0     30,103     0 29,940
Weighted average DownREIT OP unit equivalents outstanding (in shares) 0     1,925     0 1,925
Weighted average LTIP units outstanding (in shares) 0     80     0 101
Weighted average subordinated performance units and DownREIT subordinated performance unit equivalents (in shares) 0     21,660     0 20,577
Weighted average shares outstanding - diluted (in shares) 91,471     140,025     91,446 130,983
Earnings per share - basic (in USD per share) $ 0.21     $ 0.31     $ 0.68 $ 0.89
Earnings per share - diluted (in USD per share) $ 0.21     $ 0.26     $ 0.68 $ 0.71