Quarterly report pursuant to Section 13 or 15(d)

EARNINGS PER SHARE (Tables)

v3.3.0.814
EARNINGS PER SHARE (Tables)
9 Months Ended
Sep. 30, 2015
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 nine months ended September 30, 2015 and 2014, respectively (in thousands, except per share amounts):
 
Three Months Ended
September 30,
 
Nine Months Ended
September 30,
 
2015
 
2014
 
2015
 
2014
Earnings (loss) per common share - basic and diluted
 
 
 
 
 
 
 
Numerator
 
 
 
 
 
 
 
Net income (loss)
$
2,109

 
$
(5,025
)
 
$
(569
)
 
$
(13,986
)
Net loss attributable to noncontrolling interests
2,263

 
5,025

 
8,405

 
13,986

Net income (loss) attributable to National Storage Affiliates Trust
4,372

 

 
7,836

 

Distributed and undistributed earnings allocated to participating securities
(3
)
 

 
(6
)
 

Net income (loss) attributable to common shareholders - basic
4,369

 

 
7,830

 

Effect of assumed conversion of dilutive securities
(2,275
)
 

 
(5,646
)
 

Net income (loss) attributable to common shareholders - diluted
$
2,094

 
$

 
$
2,184

 
$

 
 
 
 
 
 
 
 
Denominator
 
 
 
 
 
 
 
Weighted average shares outstanding - basic
23,000

 
1

 
12,924

 
1

Effect of dilutive securities:
 
 
 
 
 
 
 
Weighted average OP units outstanding
21,109

 

 
13,773

 

Weighted average DownREIT OP unit equivalents outstanding
1,432

 

 
949

 

Weighted average LTIP units outstanding
1,844

 

 
1,030

 

Subordinated performance units and DownREIT subordinated performance unit equivalents
16,071

 

 
10,082

 

Weighted average shares outstanding - diluted
63,456

 
1

 
38,758

 
1

 
 
 
 
 
 
 
 
Earnings (loss) per share - basic
$
0.19

 
$

 
$
0.61

 
$

Earnings (loss) per share - diluted
$
0.03

 
$

 
$
0.06

 
$