Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

v3.5.0.2
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
REVENUE        
Rental revenue $ 51,263 $ 34,600 $ 135,548 $ 92,650
Other property-related revenue 1,686 1,078 4,334 2,969
Total revenue 52,949 35,678 139,882 95,619
OPERATING EXPENSES        
Property operating expenses 17,330 12,000 46,064 32,668
General and administrative expenses 5,259 4,056 14,431 11,856
Depreciation and amortization 14,319 10,341 38,299 30,192
Total operating expenses 36,908 26,397 98,794 74,716
Income from operations 16,041 9,281 41,088 20,903
OTHER INCOME (EXPENSE)        
Interest expense (6,265) (4,246) (17,050) (16,052)
Loss on early extinguishment of debt 0 0 (136) (914)
Acquisition costs (1,737) (2,874) (4,733) (4,192)
Organizational and offering expenses 0 0 0 (58)
Non-operating expense (95) (52) (378) (256)
Other income (expense) (8,097) (7,172) (22,297) (21,472)
Net income (loss) 7,944 2,109 18,791 (569)
Net (income) loss attributable to noncontrolling interests (7,955) 2,263 (9,222) 8,405
Net (loss) income attributable to National Storage Affiliates Trust $ (11) $ 4,372 $ 9,569 $ 7,836
Earnings (loss) per share - basic (in dollars per share) $ 0.00 $ 0.19 $ 0.35 $ 0.61
Earnings (loss) per share - diluted (in dollars per share) $ 0.00 $ 0.03 $ 0.25 $ 0.06
Weighted average shares outstanding - basic (in shares) 35,080 23,000 27,084 12,924
Weighted average shares outstanding - diluted (in shares) 35,080 63,456 75,492 38,758
Dividends declared per common share (in dollars per share) $ 0.22 $ 0.19 $ 0.64 $ 0.34