Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited)

v3.20.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
REVENUE    
Rental revenue $ 95,402 $ 82,855
Total revenue 104,222 90,572
OPERATING EXPENSES    
Property operating expenses 30,592 26,457
General and administrative expenses 11,094 10,380
Depreciation and amortization 29,105 24,349
Other 389 386
Total operating expenses 71,180 61,572
OTHER (EXPENSE) INCOME    
Interest expense (15,628) (13,211)
Equity in losses of unconsolidated real estate ventures (340) (2,102)
Acquisition costs (833) (157)
Non-operating expense (192) (98)
Other expense (16,993) (15,568)
Income before income taxes 16,049 13,432
Income tax expense (286) (492)
Net income 15,763 12,940
Net income attributable to noncontrolling interests (9,115) (5,529)
Net income attributable to National Storage Affiliates Trust 6,648 7,411
Distributions to preferred shareholders (3,273) (2,588)
Net income attributable to common shareholders $ 3,375 $ 4,823
Earnings (loss) per common share - basic and diluted    
Earnings (loss) per share - basic and diluted (in dollars per share) $ 0.06 $ 0.08
Weighted average shares outstanding - basic and diluted (in shares) 59,798 56,655
Dividends declared per common share (in dollars per share) $ 0.33 $ 0.30
Other property-related revenue    
REVENUE    
Revenue $ 3,371 $ 2,824
Management fees and other revenue    
REVENUE    
Revenue $ 5,449 $ 4,893