Quarterly report pursuant to Section 13 or 15(d)

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

v3.23.3
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, 2023
Jun. 30, 2023
Mar. 31, 2023
Sep. 30, 2022
Jun. 30, 2022
Mar. 31, 2022
Sep. 30, 2023
Sep. 30, 2022
Numerator                
Net income $ 43,064 $ 45,476 $ 40,392 $ 40,177 $ 48,425 $ 44,786 $ 128,932 $ 133,388
Net income attributable to noncontrolling interests (13,827)     (17,966)     (41,290) (60,911)
Net income attributable to National Storage Affiliates Trust 29,237     22,211     87,642 72,477
Distributions to preferred shareholders (5,110)     (3,382)     (13,908) (10,043)
Distributed and undistributed earnings allocated to participating securities (13)     (14)     (44) (44)
Net income attributable to common shareholders, basic 24,114     18,815     73,690 62,390
Effect of assumed conversion of dilutive securities 13,396     0     40,012 0
Net income attributable to common shareholders, diluted $ 37,510     $ 18,815     $ 113,702 $ 62,390
Denominator                
Weighted average shares outstanding - basic (in shares) 87,004     91,471     88,263 91,446
Weighted average OP units outstanding (in shares) 38,030     0     38,505 0
Weighted average DownREIT OP unit equivalents outstanding (in shares) 2,121     0     2,121 0
Weighted average LTIP units outstanding (in shares) 61     0     54 0
Weighted average subordinated performance units and DownREIT subordinated performance unit equivalents (in shares) 18,902     0     18,667 0
Weighted average shares outstanding - diluted (in shares) 146,118     91,471     147,610 91,446
Earnings (loss) per share - basic (in dollars per share) $ 0.28     $ 0.21     $ 0.83 $ 0.68
Earnings (loss) per share - diluted (in dollars per share) $ 0.26     $ 0.21     $ 0.77 $ 0.68