Quarterly report pursuant to Section 13 or 15(d)

EARNINGS PER SHARE (Tables)

v3.7.0.1
EARNINGS PER SHARE (Tables)
3 Months Ended
Mar. 31, 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 months ended March 31, 2017 and 2016, respectively (in thousands, except per share amounts):
 
Three Months Ended
March 31,
 
2017
 
2016
Earnings (loss) per common share - basic and diluted
 
 
 
Numerator
 
 
 
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

Distributed and undistributed earnings allocated to participating securities
(6
)
 
(4
)
Net income attributable to common shareholders - basic
549

 
2,206

Effect of assumed conversion of dilutive securities

 
2,571

Net income attributable to common shareholders - diluted
$
549

 
$
4,777

 
 
 
 
Denominator
 
 
 
Weighted average shares outstanding - basic
43,401

 
23,005

Effect of dilutive securities:
 
 
 
Weighted average OP units outstanding

 
22,235

Weighted average DownREIT OP unit equivalents outstanding

 
1,835

Weighted average LTIP units outstanding

 
2,151

Weighted average subordinated performance units and DownREIT subordinated performance unit equivalents

 
18,768

Weighted average shares outstanding - diluted
43,401

 
67,994

 
 
 
 
Earnings (loss) per share - basic
$
0.01

 
$
0.10

Earnings (loss) per share - diluted
$
0.01

 
$
0.07