| Schedule of the Computation of Basic and Diluted Earnings Per Common Share |
The following table sets forth the computation of basic and diluted earnings per common share for the three and six months ended June 30, 2023 and 2022 (in thousands, except per share amounts):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended
June 30, |
|
Six Months Ended
June 30, |
|
2023 |
|
2022 |
|
2023 |
|
2022 |
Earnings per common share - basic and diluted |
|
|
|
|
|
|
|
| Numerator |
|
|
|
|
|
|
|
| Net income |
$ |
45,476 |
|
|
$ |
48,425 |
|
|
$ |
85,868 |
|
|
$ |
93,211 |
|
Net income attributable to noncontrolling interests |
(16,028) |
|
|
(23,387) |
|
|
(27,461) |
|
|
(42,945) |
|
Net income attributable to National Storage Affiliates Trust |
29,448 |
|
|
25,038 |
|
|
58,407 |
|
|
50,266 |
|
Distributions to preferred shareholders |
(5,119) |
|
|
(3,382) |
|
|
(8,799) |
|
|
(6,661) |
|
Distributed and undistributed earnings allocated to participating securities |
(13) |
|
|
(14) |
|
|
(31) |
|
|
(28) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income attributable to common shareholders - basic and diluted |
$ |
24,316 |
|
|
$ |
21,642 |
|
|
$ |
49,577 |
|
|
$ |
43,577 |
|
|
|
|
|
|
|
|
|
Denominator |
|
|
|
|
|
|
|
Weighted average shares outstanding - basic and diluted |
88,312 |
|
|
91,541 |
|
|
88,902 |
|
|
91,433 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Earnings per share - basic and diluted |
$ |
0.28 |
|
|
$ |
0.24 |
|
|
$ |
0.56 |
|
|
$ |
0.48 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|