Quarterly report pursuant to Section 13 or 15(d)

EARNINGS PER SHARE (Tables)

v3.5.0.2
EARNINGS PER SHARE (Tables)
6 Months Ended
Jun. 30, 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 and six months ended June 30, 2016 and 2015, respectively (in thousands, except per share amounts):
 
Three Months Ended
June 30,
 
Six Months Ended
June 30,
 
2016
 
2015
 
2016
 
2015
Earnings (loss) per common share - basic and diluted
 
 
 
 
 
 
 
Numerator
 
 
 
 
 
 
 
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

Distributed and undistributed earnings allocated to participating securities
(5
)
 
(3
)
 
(9
)
 
(3
)
Net income attributable to common shareholders - basic
7,365

 
3,461

 
9,571

 
3,461

Effect of assumed conversion of dilutive securities
(1,356
)
 
(3,371
)
 
1,215

 
(3,371
)
Net income attributable to common shareholders - diluted
$
6,009

 
$
90

 
$
10,786

 
$
90

 
 
 
 
 
 
 
 
Denominator
 
 
 
 
 
 
 
Weighted average shares outstanding - basic
23,078

 
15,517

 
23,041

 
7,802

Effect of dilutive securities:
 
 
 
 
 
 
 
Weighted average OP units outstanding
24,733

 
20,208

 
23,484

 
10,104

Weighted average DownREIT OP unit equivalents outstanding
1,835

 
1,415

 
1,835

 
708

Weighted average LTIP units outstanding
2,164

 
1,247

 
2,158

 
624

Weighted average subordinated performance units and DownREIT subordinated performance unit equivalents
21,721

 
14,178

 
20,245

 
7,089

Weighted average shares outstanding - diluted
73,531

 
52,565

 
70,763

 
26,327

 
 
 
 
 
 
 
 
Earnings (loss) per share - basic
$
0.32

 
$
0.22

 
$
0.42

 
$
0.44

Earnings (loss) per share - diluted
$
0.08

 
$

 
$
0.15

 
$