EARNINGS PER SHARE (Tables)

12 Months Ended

Dec. 31, 2019

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 years ended December 31, 2019, 2018 and 2017 (in thousands, except per share amounts):


	Year Ended December 31,
	2019		2018		2017
Earnings (loss) per common share - basic and diluted
Numerator
Net income	$	66,013	$	56,326	$	45,998
Net income attributable to noncontrolling interests	(62,030)		(42,217)		(43,037)
Net income attributable to National Storage Affiliates Trust	3,983		14,109		2,961
Distributions to preferred shareholders	(12,390)		(10,350)		(2,300)
Distributed and undistributed earnings allocated to participating securities	(35)		(27)		(28)


Net (loss) income attributable to common shareholders - basic and diluted	$	(8,442)	$	3,732	$	633

Denominator






Weighted average shares outstanding - basic and diluted	58,208		53,293		44,423


Earnings (loss) per share - basic and diluted	$	(0.15)	$	0.07	$	0.01
Dividends declared per common share	$	1.27	$	1.16	$	1.04