| 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 and nine months ended September 30, 2019 and 2018, (in thousands, except per share amounts):
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Three Months Ended
September 30, |
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Nine Months Ended
September 30, |
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2019 |
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2018 |
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2019 |
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2018 |
Earnings (loss) per common share - basic and diluted |
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Numerator |
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Net income |
$ |
16,514 |
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$ |
16,829 |
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$ |
47,187 |
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$ |
41,843 |
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Net income attributable to noncontrolling interests |
(25,374 |
) |
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(12,435 |
) |
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(56,292 |
) |
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(21,098 |
) |
Net (loss) income attributable to National Storage Affiliates Trust |
(8,860 |
) |
|
4,394 |
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|
(9,105 |
) |
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20,745 |
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Distributions to preferred shareholders |
(3,272 |
) |
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(2,588 |
) |
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(9,117 |
) |
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(7,763 |
) |
Distributed and undistributed earnings allocated to participating securities |
(8 |
) |
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(7 |
) |
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(26 |
) |
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(21 |
) |
Net (loss) income attributable to common shareholders - basic and diluted |
$ |
(12,140 |
) |
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$ |
1,799 |
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$ |
(18,248 |
) |
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$ |
12,961 |
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Denominator |
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Weighted average shares outstanding - basic and diluted |
59,278 |
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55,722 |
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57,835 |
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52,189 |
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Earnings (loss) per share - basic and diluted |
$ |
(0.20 |
) |
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$ |
0.03 |
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$ |
(0.32 |
) |
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$ |
0.25 |
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