Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited)

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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
REVENUE        
Rental revenue $ 75,019 $ 60,154 $ 147,030 $ 117,998
Other property-related revenue 2,549 2,045 4,870 3,926
Management fees and other revenue 2,155 2,142 4,316 3,980
Total revenue 79,723 64,341 156,216 125,904
OPERATING EXPENSES        
Property operating expenses 25,184 19,803 50,410 39,552
General and administrative expenses 8,460 7,405 16,766 14,586
Depreciation and amortization 22,389 17,800 43,757 36,483
Total operating expenses 56,033 45,008 110,933 90,621
Income from operations 23,690 19,333 45,283 35,283
OTHER (EXPENSE) INCOME        
Interest expense (10,472) (8,160) (20,107) (15,631)
Equity in earnings (losses) of unconsolidated real estate venture 100 (765) 48 (1,550)
Acquisition costs (150) (167) (330) (311)
Non-operating expense 0 (14) (84) (66)
(Loss) gain on sale of self storage properties (83) 5,637 391 5,637
Other expense (10,605) (3,469) (20,082) (11,921)
Income before income taxes 13,085 15,864 25,201 23,362
Income tax expense (44) (288) (187) (605)
Net income 13,041 15,576 25,014 22,757
Net income attributable to noncontrolling interests (7,150) (13,209) (8,663) (19,835)
Net income attributable to National Storage Affiliates Trust 5,891 2,367 16,351 2,922
Distributions to preferred shareholders (2,587) 0 (5,175) 0
Net income attributable to common shareholders $ 3,304 $ 2,367 $ 11,176 $ 2,922
Earnings Per Share, Basic and Diluted [Abstract]        
Earnings (loss) per share - basic (in dollars per share) $ 0.07 $ 0.05 $ 0.22 $ 0.07
Earnings (loss) per share - diluted (in dollars per share) $ 0.07 $ 0.05 $ 0.19 $ 0.07
Weighted average shares outstanding - basic (in shares) 50,486 44,223 50,393 43,814
Weighted average shares outstanding - diluted (in shares) 50,486 44,223 100,492 43,814
Dividends declared per common share (in dollars per share) $ 0.29 $ 0.26 $ 0.57 $ 0.5