Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF OPERATIONS

v3.6.0.2
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
 12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
REVENUE      
Rental revenue $ 191,178 $ 129,869 $ 74,837
Other property-related revenue 6,059 4,050 2,133
Management fees and other revenue 1,809 0 0
Total revenue 199,046 133,919 76,970
OPERATING EXPENSES      
Property operating expenses 64,798 45,412 27,913
General and administrative expenses 21,528 16,265 8,189
Depreciation and amortization 55,064 40,651 23,785
Total operating expenses 141,390 102,328 59,887
Income from operations 57,656 31,591 17,083
OTHER INCOME (EXPENSE)      
Interest expense (24,109) (20,779) (23,033)
Loss on early extinguishment of debt (136) (914) (1,020)
Equity in losses of unconsolidated real estate venture (1,484) 0 0
Acquisition costs (6,546) (4,765) (9,558)
Organizational and offering expenses 0 (58) (1,320)
Non-operating (expense) income (515) (279) 64
Gain on sale of self storage properties 0 0 1,427
Other income (expense) (32,790) (26,795) (33,440)
Net income (loss) 24,866 4,796 (16,357)
Net (income) loss attributable to noncontrolling interests (6,901) 7,644 16,357
Net income (loss) attributable to National Storage Affiliates Trust $ 17,965 $ 12,440 $ 0
Earnings (loss) per share - basic (in dollars per share) $ 0.60 $ 0.80 $ 0.00
Earnings (loss) per share - diluted (in dollars per share) $ 0.31 $ 0.17 $ 0.00
Weighted average shares outstanding - basic (in shares) 29,887 15,463 1
Weighted average shares outstanding - diluted (in shares) 78,747 45,409 1