XML 53 R43.htm IDEA: XBRL DOCUMENT v3.24.1.u1
EARNINGS PER SHARE - Basic and Diluted Earnings per Share (Details) - USD ($)
$ / shares in Units, shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Numerator    
Net income $ 95,088 $ 40,392
Net income attributable to noncontrolling interests (36,061) (11,433)
Net income attributable to National Storage Affiliates Trust 59,027 28,959
Distributions to preferred shareholders (5,110) (3,962)
Distributed and undistributed earnings allocated to participating securities (13) (17)
Net income attributable to common shareholders - basic 53,904 24,980
Effect of assumed conversion of dilutive securities 35,218 11,305
Net income attributable to common shareholders - diluted $ 89,122 $ 36,285
Denominator    
Weighted average shares outstanding - basic (in shares) 80,236 89,499
Effect of dilutive securities:    
Weighted average OP units outstanding (in shares) 37,633 38,736
Weighted average DownREIT OP unit equivalents outstanding (in shares) 2,120 2,120
Weighted average LTIP units outstanding (in shares) 128 76
Weighted average subordinated performance units and DownREIT subordinated performance unit equivalents (in shares) 18,031 18,191
Weighted average shares outstanding - diluted (in shares) 138,148 148,622
Earnings per share - basic (in dollars per share) $ 0.67 $ 0.28
Earnings per share - diluted (in dollars per share) $ 0.65 $ 0.24