Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

v3.7.0.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
REVENUE    
Rental revenue $ 57,844 $ 38,501
Other property-related revenue 1,881 1,148
Management fees and other revenue 1,838 0
Total revenue 61,563 39,649
OPERATING EXPENSES    
Property operating expenses 19,749 13,277
General and administrative expenses 7,181 4,335
Depreciation and amortization 18,683 10,892
Total operating expenses 45,613 28,504
Income from operations 15,950 11,145
OTHER EXPENSE    
Interest expense (7,471) (4,941)
Equity in losses of unconsolidated real estate venture (785) 0
Acquisition costs (144) (1,288)
Non-operating expense (52) (5)
Other expense (8,452) (6,234)
Income before income taxes 7,498 4,911
Income tax expense (317) (109)
Net income 7,181 4,802
Net income attributable to noncontrolling interests (6,626) (2,592)
Net income attributable to National Storage Affiliates Trust $ 555 $ 2,210
Earnings (loss) per share - basic (in dollars per share) $ 0.01 $ 0.10
Earnings (loss) per share - diluted (in dollars per share) $ 0.01 $ 0.07
Weighted average shares outstanding - basic (in shares) 43,401 23,005
Weighted average shares outstanding - diluted (in shares) 43,401 67,994
Dividends declared per common share (in dollars per share) $ 0.24 $ 0.20