Quarterly report pursuant to Section 13 or 15(d)

EARNINGS PER SHARE (Tables)

v3.19.1
EARNINGS PER SHARE (Tables)
 3 Months Ended
Mar. 31, 2019
Earnings Per Share [Abstract]  
Schedule of the computation of basic and diluted earnings per common share
The following table sets forth the computation of basic and diluted earnings (loss) per common share for the three months ended March 31, 2019 and 2018, (in thousands, except per share amounts):
 
Three Months Ended
March 31,
 
2019
 
2018
Earnings (loss) per common share - basic and diluted
 
 
 
Numerator
 
 
 
Net income
$
12,940

 
$
11,973

Net income attributable to noncontrolling interests
(5,529
)
 
(1,513
)
Net income attributable to National Storage Affiliates Trust
7,411

 
10,460

Distributions to preferred shareholders
(2,588
)
 
(2,588
)
Distributed and undistributed earnings allocated to participating securities
(9
)
 
(7
)
Net income attributable to common shareholders - basic and diluted
$
4,814

 
$
7,865

Effect of assumed conversion of dilutive securities
—

 
1,370

Net income attributable to common shareholders - diluted
$
4,814

 
$
9,235

 
Three Months Ended
March 31,
 
2019
 
2018
 
 
 
 
Denominator
 
 
 
Weighted average shares outstanding - basic
56,655

 
50,299

Effect of dilutive securities:
 
 
 
Weighted average OP units outstanding
—

 
29,135

Weighted average DownREIT OP unit equivalents outstanding
—

 
1,835

Weighted average LTIP units outstanding
—

 
321

Weighted average subordinated performance units and DownREIT subordinated performance unit equivalents
—

 
18,345

Weighted average shares outstanding - diluted
56,655

 
99,935

 
 
 
 
Earnings (loss) per share - basic
$
0.08

 
$
0.16

Earnings (loss) per share - diluted
$
0.08

 
$
0.09