EARNINGS PER SHARE (Tables)

3 Months Ended

Mar. 31, 2020

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, 2020 and 2019 (in thousands, except per share amounts):


	Three Months Ended March 31,
	2020		2019
Earnings (loss) per common share - basic and diluted
Numerator
Net income	$	15,763	$	12,940
Net income attributable to noncontrolling interests	(9,115)		(5,529)
Net income attributable to National Storage Affiliates Trust	6,648		7,411
Distributions to preferred shareholders	(3,273)		(2,588)
Distributed and undistributed earnings allocated to participating securities	(12)		(9)
Net income attributable to common shareholders - basic and diluted	$	3,363	$	4,814



Denominator







Weighted average shares outstanding - basic and diluted	59,798		56,655



Earnings (loss) per share - basic and diluted	$	0.06	$	0.08