Quarterly report pursuant to Section 13 or 15(d)

EARNINGS PER SHARE (Tables)

v3.4.0.3
EARNINGS PER SHARE (Tables)
 3 Months Ended
Mar. 31, 2016
Earnings Per Share [Abstract]  
Schedule of elements used in calculating basic and diluted earnings per common share
The following table sets forth the computation of basic and diluted earnings (loss) per common share for the three months ended March 31, 2016 and 2015, respectively (in thousands, except per share amounts):
 
Three Months Ended
March 31,
 
2016
 
2015
Earnings (loss) per common share - basic and diluted
 
 
 
Numerator
 
 
 
Net income (loss)
$
4,802

 
$
(2,771
)
Net (income) loss attributable to noncontrolling interests
(2,592
)
 
2,771

Net income (loss) attributable to National Storage Affiliates Trust
2,210

 
—

Distributed and undistributed earnings allocated to participating securities
(4
)
 
—

Net income (loss) attributable to common shareholders - basic
2,206

 
—

Effect of assumed conversion of dilutive securities
2,571

 
—

Net income (loss) attributable to common shareholders - diluted
$
4,777

 
$
—

 
 
 
 
Denominator
 
 
 
Weighted average shares outstanding - basic
23,005

 
1

Effect of dilutive securities:
 
 
 
Weighted average OP units outstanding
22,235

 
—

Weighted average DownREIT OP unit equivalents outstanding
1,835

 
—

Weighted average LTIP units outstanding
2,151

 
—

Subordinated performance units and DownREIT subordinated performance unit equivalents
18,768

 
—

Weighted average shares outstanding - diluted
67,994

 
1

 
 
 
 
Earnings (loss) per share - basic
$
0.10

 
$
—

Earnings (loss) per share - diluted
$
0.07

 
$
—