Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited)

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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
REVENUE    
Rental revenue $ 72,011 $ 57,844
Other property-related revenue 2,321 1,881
Management fees and other revenue 2,161 1,838
Total revenue 76,493 61,563
OPERATING EXPENSES    
Property operating expenses 25,226 19,749
General and administrative expenses 8,306 7,181
Depreciation and amortization 21,368 18,683
Total operating expenses 54,900 45,613
Income from operations 21,593 15,950
OTHER (EXPENSE) INCOME    
Interest expense (9,635) (7,471)
Equity in losses of unconsolidated real estate venture (52) (785)
Acquisition costs (180) (144)
Non-operating expense (84) (52)
Gain on sale of self storage properties 474 0
Other expense (9,477) (8,452)
Income before income taxes 12,116 7,498
Income tax expense (143) (317)
Net income 11,973 7,181
Net income attributable to noncontrolling interests (1,513) (6,626)
Net income attributable to National Storage Affiliates Trust 10,460 555
Distributions to preferred shareholders (2,588) 0
Net income attributable to common shareholders $ 7,872 $ 555
Earnings Per Share, Basic and Diluted [Abstract]    
Earnings (loss) per share - basic (in dollars per share) $ 0.16 $ 0.01
Earnings (loss) per share - diluted (in dollars per share) $ 0.09 $ 0.01
Weighted average shares outstanding - basic (in shares) 50,299 43,401
Weighted average shares outstanding - diluted (in shares) 99,935 43,401
Dividends declared per common share (in dollars per share) $ 0.28 $ 0.24