Quarterly report pursuant to Section 13 or 15(d)

EARNINGS PER SHARE (Tables)

v3.7.0.1
EARNINGS PER SHARE (Tables)
6 Months Ended
Jun. 30, 2017
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, 2017 and 2016, respectively (in thousands, except per share amounts):
 
Three Months Ended
June 30,
 
Six Months Ended
June 30,
 
2017
 
2016
 
2017
 
2016
Earnings (loss) per common share - basic and diluted
 
 
 
 
 
 
 
Numerator
 
 
 
 
 
 
 
Net income
$
15,576

 
$
6,045

 
$
22,757

 
$
10,847

Net (income) loss attributable to noncontrolling interests
(13,209
)
 
1,325

 
(19,835
)
 
(1,267
)
Net income attributable to National Storage Affiliates Trust
2,367

 
7,370

 
2,922

 
9,580

Distributed and undistributed earnings allocated to participating securities
(7
)
 
(5
)
 
(13
)
 
(9
)
Net income attributable to common shareholders - basic
2,360

 
7,365

 
2,909

 
9,571

Effect of assumed conversion of dilutive securities

 
(1,356
)
 

 
1,215

Net income attributable to common shareholders - diluted
$
2,360

 
$
6,009

 
$
2,909

 
$
10,786

 
 
 
 
 
 
 
 
Denominator
 
 
 
 
 
 
 
Weighted average shares outstanding - basic
44,223

 
23,078

 
43,814

 
23,041

Effect of dilutive securities:
 
 
 
 
 
 
 
Weighted average OP units outstanding

 
24,733

 

 
23,484

Weighted average DownREIT OP unit equivalents outstanding

 
1,835

 

 
1,835

Weighted average LTIP units outstanding

 
2,164

 

 
2,158

Weighted average subordinated performance units and DownREIT subordinated performance unit equivalents

 
21,721

 

 
20,245

Weighted average shares outstanding - diluted
44,223

 
73,531

 
43,814

 
70,763

 
 
 
 
 
 
 
 
Earnings (loss) per share - basic
$
0.05

 
$
0.32

 
$
0.07

 
$
0.42

Earnings (loss) per share - diluted
$
0.05

 
$
0.08

 
$
0.07

 
$
0.15