Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED AND COMBINED STATEMENTS OF OPERATIONS

v3.3.1.900
CONSOLIDATED AND COMBINED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 9 Months Ended 12 Months Ended
Mar. 31, 2013
Dec. 31, 2013
Dec. 31, 2015
Dec. 31, 2014
REVENUE        
Rental revenue   $ 32,078 $ 129,869 $ 74,837
Other property-related revenue   782 4,050 2,133
Total revenue   32,860 133,919 76,970
OPERATING EXPENSES        
Property operating expenses   11,886 45,412 27,913
General and administrative expenses   4,149 16,265 8,189
Depreciation and amortization   8,403 40,651 23,785
Total operating expenses   24,438 102,328 59,887
Income from operations   8,422 31,591 17,083
OTHER INCOME (EXPENSE)        
Interest expense   (15,439) (20,779) (23,033)
Loss on early extinguishment of debt   0 (914) (1,020)
Acquisition costs   (3,383) (4,765) (9,558)
Organizational and offering expenses   (50) (58) (1,320)
Non-operating (expense) income   (31) (279) 64
Gain on sale of self storage properties   0 0 1,427
Other income (expense)   (18,903) (26,795) (33,440)
Net income (loss)   (10,481) 4,796 (16,357)
Net loss attributable to noncontrolling interests   10,481 7,644 16,357
Net income (loss) attributable to National Storage Affiliates Trust and NSA predecessor   $ 0 $ 12,440 $ 0
Earnings (loss) per share (basic) (in dollars per share)   $ 0.00 $ 0.80 $ 0.00
Earnings (loss) per share (diluted) (in dollars per share)   $ 0.00 $ 0.17 $ 0.00
Weighted average shares outstanding (basic) (in shares)   1 15,463 1
Weighted average shares outstanding (diluted) (in shares)   1 45,409 1
NSA Predecessor [Member]        
REVENUE        
Rental revenue $ 7,157      
Other property-related revenue 147      
Total revenue 7,304      
OPERATING EXPENSES        
Property operating expenses 2,926      
General and administrative expenses 511      
Depreciation and amortization 972      
Total operating expenses 4,409      
Income from operations 2,895      
OTHER INCOME (EXPENSE)        
Interest expense (4,166)      
Loss on early extinguishment of debt 0      
Acquisition costs 0      
Organizational and offering expenses 0      
Non-operating (expense) income 18      
Gain on sale of self storage properties 0      
Other income (expense) (4,148)      
Net income (loss) (1,253)      
Net loss attributable to noncontrolling interests 0      
Net income (loss) attributable to National Storage Affiliates Trust and NSA predecessor $ (1,253)