Annual report pursuant to Section 13 and 15(d)

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

v3.22.4
EARNINGS PER SHARE - Basic and Diluted Earnings per Share (Details) - USD ($)
$ / shares in Units, shares in Thousands, $ in Thousands
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Numerator      
Net income $ 183,765 $ 146,935 $ 79,478
Net income attributable to noncontrolling interests (80,028) (41,682) (30,869)
Net income attributable to National Storage Affiliates Trust 103,737 105,253 48,609
Distributions to preferred shareholders (13,425) (13,104) (13,097)
Distributed and undistributed earnings allocated to participating securities (58) (57) (44)
Net income attributable to common shareholders - basic 90,254 92,092 35,468
Effect of assumed conversion of dilutive securities 0 40,231 0
Net income attributable to common shareholders - diluted $ 90,254 $ 132,323 $ 35,468
Denominator      
Weighted average shares outstanding - basic (in shares) 91,239 81,195 66,547
Effect of dilutive securities:      
Weighted average effect of outstanding forward offering agreement (in shares) 0 100 60
Weighted average OP units outstanding (in shares) 0 30,124 0
Weighted average DownREIT OP unit equivalents outstanding (in shares) 0 1,925 0
Weighted average LTIP units outstanding (in shares) 0 96 0
Weighted average subordinated performance units and DownREIT Subordinated performance unit equivalents (in shares) 0 21,098 0
Weighted average shares outstanding - diluted (in shares) 91,239 134,538 66,607
Earnings per share - basic (in dollars per share) $ 0.99 $ 1.13 $ 0.53
Earnings per share - diluted (in dollars per share) 0.99 0.98 0.53
Dividends declared per common share (in dollars per share) $ 2.15 $ 1.59 $ 1.35