v3.24.1.u1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
REVENUE    
Rental revenue $ 180,382 $ 194,129
Total revenue 196,148 207,993
OPERATING EXPENSES    
Property operating expenses 54,694 56,483
General and administrative expenses 15,674 14,821
Depreciation and amortization 47,331 55,458
Other 3,492 1,173
Total operating expenses 121,191 127,935
OTHER INCOME (EXPENSE)    
Interest expense (38,117) (37,948)
Loss on early extinguishment of debt 0 (758)
Equity in (losses) earnings of unconsolidated real estate ventures (1,630) 1,678
Acquisition costs (507) (844)
Non-operating income (expense) 98 (598)
Gain on sale of self storage properties 61,173 0
Other income (expense), net 21,017 (38,470)
Income before income taxes 95,974 41,588
Income tax expense (886) (1,196)
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)
Net income attributable to common shareholders $ 53,917 $ 24,997
EARNINGS PER SHARE    
Earnings per share - basic (in dollars per share) $ 0.67 $ 0.28
Earnings per share - diluted (in dollars per share) $ 0.65 $ 0.24
Weighted average shares outstanding - basic (in shares) 80,236 89,499
Weighted average shares outstanding - diluted (in shares) 138,148 148,622
Dividends declared per common share (in dollars per share) $ 0.56 $ 0.55
Other property-related revenue    
REVENUE    
Revenue $ 6,692 $ 6,807
Management fees and other revenue    
REVENUE    
Revenue $ 9,074 $ 7,057

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