Quarterly report pursuant to Section 13 or 15(d)

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

v3.23.1
EARNINGS PER SHARE - Basic and Diluted Earnings per Share (Details) - USD ($)
$ / shares in Units, shares in Thousands, $ in Thousands
 3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Numerator    
Net income $ 40,392 $ 44,786
Net income attributable to noncontrolling interests (11,433) (19,558)
Net income attributable to National Storage Affiliates Trust 28,959 25,228
Distributions to preferred shareholders (3,962) (3,279)
Distributed and undistributed earnings allocated to participating securities (17) (14)
Net income attributable to common shareholders - basic 24,980 21,935
Effect of assumed conversion of dilutive securities 11,305 0
Net income attributable to common shareholders - diluted $ 36,285 $ 21,935
Denominator    
Weighted average shares outstanding - basic (in shares) 89,499 91,323
Effect of dilutive securities:    
Weighted average OP units outstanding (in shares) 38,736 0
Weighted average DownREIT OP unit equivalents outstanding (in shares) 2,120 0
Weighted average LTIP units outstanding (in shares) 76 0
Weighted average subordinated performance units and DownREIT subordinated performance unit equivalents (in shares) 18,191 0
Weighted average shares outstanding - diluted (in shares) 148,622 91,323
Earnings (loss) per share - basic (in dollars per share) $ 0.28 $ 0.24
Earnings (loss) per share - diluted (in dollars per share) $ 0.24 $ 0.24