EARNINGS PER SHARE (Tables)

6 Months Ended

Jun. 30, 2024

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, 2024 and 2023 (dollars in thousands, except per share amounts):

	Three Months Ended June 30,				Six Months Ended June 30,
	2024		2023		2024		2023
Earnings per common share - basic and diluted
Numerator
Net income	$	32,280	$	45,476	$	127,368	$	85,868
Net income attributable to noncontrolling interests	(15,218)		(16,028)		(51,279)		(27,461)
Net income attributable to National Storage Affiliates Trust	17,062		29,448		76,089		58,407
Distributions to preferred shareholders	(5,110)		(5,119)		(10,220)		(8,799)
Distributed and undistributed earnings allocated to participating securities	(11)		(13)		(24)		(31)
Net income attributable to common shareholders - basic and diluted	11,941		24,316		65,845		49,577
Denominator
Weighted average shares outstanding - basic and diluted	75,160		88,312		77,698		88,902
Earnings per share - basic and diluted	$	0.16	$	0.28	$	0.85	$	0.56