Quarterly report pursuant to Section 13 or 15(d)

EARNINGS PER SHARE (Tables)

v3.8.0.1
EARNINGS PER SHARE (Tables)
3 Months Ended
Mar. 31, 2018
Earnings Per Share [Abstract]  
Schedule of the computation of 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, 2018 and 2017, respectively (in thousands, except per share amounts):
 
Three Months Ended
March 31,
 
2018
 
2017
Earnings (loss) per common share - basic and diluted
 
 
 
Numerator
 
 
 
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
)
 

Distributed and undistributed earnings allocated to participating securities
(7
)
 
(6
)
Net income attributable to common shareholders - basic
7,865

 
549

Effect of assumed conversion of dilutive securities
1,370

 

Net income attributable to common shareholders - diluted
$
9,235

 
$
549

 
 
 
 
Denominator
 
 
 
Weighted average shares outstanding - basic
50,299

 
43,401

Effect of dilutive securities:
 
 
 
Weighted average OP units outstanding
29,135

 

Weighted average DownREIT OP unit equivalents outstanding
1,835

 

Weighted average LTIP units outstanding
321

 

Weighted average subordinated performance units and DownREIT subordinated performance unit equivalents
18,345

 

Weighted average shares outstanding - diluted
99,935

 
43,401

 
 
 
 
Earnings (loss) per share - basic
$
0.16

 
$
0.01

Earnings (loss) per share - diluted
$
0.09

 
$
0.01