EARNINGS PER SHARE (Tables)

6 Months Ended

Jun. 30, 2023

Earnings Per Share [Abstract]

Schedule of the Computation of Basic and Diluted Earnings Per Common Share

The following table sets forth the computation of basic and diluted earnings per common share for the three and six months ended June 30, 2023 and 2022 (in thousands, except per share amounts):

	Three Months Ended June 30,				Six Months Ended June 30,
	2023		2022		2023		2022
Earnings per common share - basic and diluted
Numerator
Net income	$	45,476	$	48,425	$	85,868	$	93,211
Net income attributable to noncontrolling interests	(16,028)		(23,387)		(27,461)		(42,945)
Net income attributable to National Storage Affiliates Trust	29,448		25,038		58,407		50,266
Distributions to preferred shareholders	(5,119)		(3,382)		(8,799)		(6,661)
Distributed and undistributed earnings allocated to participating securities	(13)		(14)		(31)		(28)
Net income attributable to common shareholders - basic and diluted	$	24,316	$	21,642	$	49,577	$	43,577
Denominator
Weighted average shares outstanding - basic and diluted	88,312		91,541		88,902		91,433
Earnings per share - basic and diluted	$	0.28	$	0.24	$	0.56	$	0.48