Annual report pursuant to Section 13 and 15(d)

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

v3.24.0.1
EARNINGS PER SHARE - Basic and Diluted Earnings per Share (Details) - USD ($)
$ / shares in Units, shares in Thousands, $ in Thousands
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Numerator      
Net income $ 236,988 $ 183,765 $ 146,935
Net income attributable to noncontrolling interests (80,319) (80,028) (41,682)
Net income attributable to National Storage Affiliates Trust 156,669 103,737 105,253
Distributions to preferred shareholders (19,019) (13,425) (13,104)
Distributed and undistributed earnings allocated to participating securities (57) (58) (57)
Net income attributable to common shareholders - basic 137,593 90,254 92,092
Effect of assumed conversion of dilutive securities 78,196 0 40,231
Net income attributable to common shareholders - diluted $ 215,789 $ 90,254 $ 132,323
Denominator      
Weighted average shares outstanding - basic (in shares) 86,846 91,239 81,195
Effect of dilutive securities:      
Weighted average effect of outstanding forward offering agreement (in shares) 0 0 100
Weighted average OP units outstanding (in shares) 38,302 0 30,124
Weighted average DownREIT OP unit equivalents outstanding (in shares) 2,120 0 1,925
Weighted average LTIP units outstanding (in shares) 60 0 96
Weighted average subordinated performance units and DownREIT Subordinated performance unit equivalents (in shares) 18,695 0 21,098
Weighted average shares outstanding - diluted (in shares) 146,023 91,239 134,538
Earnings per share - basic (in dollars per share) $ 1.58 $ 0.99 $ 1.13
Earnings per share - diluted (in dollars per share) 1.48 0.99 0.98
Dividends declared per common share (in dollars per share) $ 2.23 $ 2.15 $ 1.59