National Storage Affiliates Trust Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

LEASES (Tables)

LEASES (Tables)

3 Months Ended

Mar. 31, 2019

Schedule of weighted-average remaining lease terms and weighted-average discount rates

The weighted-average remaining lease term and the weighted-average discount rate for the Company's operating leases as of March 31, 2019 are as follows:



	March 31, 2019
Weighted-average remaining lease term
Real estate leasehold interests	29 years
Office leases	7 years
Weighted-average remaining discount rate
Real estate leasehold interests	4.9	%
Office leases	4.1	%

Schedule of Future Minimum Lease Payments Under Operating Leases

As of March 31, 2019, the future minimum lease payments under the Company's operating leases, for which the Company is a lessee, are as follows (in thousands):



Year Ending December 31,	Real Estate Leasehold Interests			Office Leases			Total
2019	$	1,005		$	144		$	1,149
2020	1,385			286			1,671
2021	1,410			387			1,797
2022	1,425			381			1,806
2023	1,431			346			1,777
2024 through 2092	36,419			1,043			37,462
Total lease payments	$	43,075		$	2,587		$	45,662
Less imputed interest	(21,108		)	(388		)	(21,496		)
Total	$	21,967		$	2,199		$	24,166

Schedule of Future Minimum Lease Payments Under Operating Leases at Prior Year

As of December 31, 2018, the future minimum lease payments under the Company's operating leases, for which the Company is a lessee, are as follows (in thousands):



Year Ending December 31,	Real Estate Leasehold Interests		Office Leases		Total
2019	$	1,334	$	345	$	1,679
2020	1,379		398		1,777
2021	1,404		387		1,791
2022	1,419		381		1,800
2023	1,424		346		1,770
2024 through 2092	36,074		1,073		37,147
Total lease payments	$	43,034	$	2,930	$	45,964