EARNINGS PER SHARE (Tables)

9 Months Ended

Sep. 30, 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 and nine months ended September 30, 2020 and 2019 (in thousands, except per share amounts):


	Three Months Ended September 30,				Nine Months Ended September 30,
	2020		2019		2020		2019
Earnings (loss) per common share - basic and diluted
Numerator
Net income	$	21,411	$	16,514	$	54,961	$	47,187
Net income attributable to noncontrolling interests	(7,924)		(25,374)		(24,404)		(56,292)
Net income (loss) attributable to National Storage Affiliates Trust	13,487		(8,860)		30,557		(9,105)
Distributions to preferred shareholders	(3,275)		(3,272)		(9,822)		(9,117)
Distributed and undistributed earnings allocated to participating securities	(11)		(8)		(34)		(26)
Net income (loss) attributable to common shareholders - basic and diluted	$	10,201	$	(12,140)	$	20,701	$	(18,248)



Denominator







Weighted average shares outstanding - basic and diluted	68,887		59,278		65,643		57,835



Earnings (loss) per share - basic and diluted	$	0.15	$	(0.20)	$	0.32	$	(0.32)