Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

v3.5.0.2
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
REVENUE        
Rental revenue $ 45,784 $ 30,632 $ 84,285 $ 58,050
Other property-related revenue 1,500 1,018 2,648 1,891
Total revenue 47,284 31,650 86,933 59,941
OPERATING EXPENSES        
Property operating expenses 15,457 10,826 28,734 20,668
General and administrative expenses 4,837 4,187 9,172 7,800
Depreciation and amortization 13,088 9,974 23,980 19,851
Total operating expenses 33,382 24,987 61,886 48,319
Income from operations 13,902 6,663 25,047 11,622
OTHER INCOME (EXPENSE)        
Interest expense (5,844) (4,824) (10,785) (11,806)
Loss on early extinguishment of debt (136) (914) (136) (914)
Acquisition costs (1,708) (719) (2,996) (1,318)
Organizational and offering expenses 0 0 0 (58)
Non-operating expense (169) (113) (283) (204)
Other income (expense) (7,857) (6,570) (14,200) (14,300)
Net income (loss) 6,045 93 10,847 (2,678)
Net loss (income) attributable to noncontrolling interests 1,325 3,371 (1,267) 6,142
Net income attributable to National Storage Affiliates Trust $ 7,370 $ 3,464 $ 9,580 $ 3,464
Earnings (loss) per share - basic (in dollars per share) $ 0.32 $ 0.22 $ 0.42 $ 0.44
Earnings (loss) per share - diluted (in dollars per share) $ 0.08 $ 0.00 $ 0.15 $ 0.00
Weighted average shares outstanding - basic (in shares) 23,078 15,517 23,041 7,802
Weighted average shares outstanding - diluted (in shares) 73,531 52,565 70,763 26,327
Dividends declared per common share (in dollars per share) $ 0.22 $ 0.15 $ 0.42 $ 0.15