| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | |
|---|---|---|---|---|---|---|
REVENUE | ||||||
Rental revenue | ||||||
354,859 | 308,403 | 251,814 | 191,178 | 129,869 | 74,837 | |
Revenue | ||||||
387,896 | 330,896 | 268,130 | 199,046 | 133,919 | 76,970 | |
OPERATING EXPENSES | ||||||
Property operating expenses | ||||||
110,347 | 103,875 | 84,455 | 64,798 | 45,412 | 27,913 | |
General and administrative expenses | ||||||
45,581 | 36,220 | 30,060 | 21,528 | 16,265 | 8,189 | |
Depreciation and amortization | ||||||
105,119 | 89,147 | 75,115 | 55,064 | 40,651 | 23,785 | |
Total operating expenses | ||||||
261,047 | 229,242 | 189,630 | 141,390 | 102,328 | 59,887 | |
OTHER (EXPENSE) INCOME | ||||||
Operating Income (Loss) | ||||||
- | - | - | 57,656 | 31,591 | 17,083 | |
OTHER (EXPENSE) INCOME | ||||||
Interest expense | ||||||
56,464 | 42,724 | 34,068 | 24,109 | 20,779 | 23,033 | |
Loss on early extinguishment of debt | ||||||
- | - | - | -136 | -914 | -1,020 | |
Equity in losses of unconsolidated real estate ventures | ||||||
-4,970 | -1,423 | -2,339 | -1,484 | 0 | 0 | |
Acquisition costs | ||||||
1,317 | 663 | 593 | 6,546 | 4,765 | 9,558 | |
Organizational and offering expenses | ||||||
- | - | - | - | 58 | 1,320 | |
Non-operating expense | ||||||
452 | -91 | -58 | -147 | -92 | 64 | |
Gain on sale of self storage properties | ||||||
2,814 | 391 | 5,715 | 0 | 0 | 1,427 | |
Other expense | ||||||
-59,485 | -44,510 | -31,343 | -32,422 | -26,608 | -33,440 | |
Income before income taxes | ||||||
67,364 | 57,144 | 47,157 | 25,234 | 4,983 | - | |
Income tax expense | ||||||
1,351 | 818 | 1,159 | 368 | 187 | - | |
Net income | ||||||
66,013 | 56,326 | 45,998 | 24,866 | 4,796 | -16,357 | |
Net income attributable to noncontrolling interests | ||||||
62,030 | 42,217 | 43,037 | 6,901 | -7,644 | -16,357 | |
Net income attributable to National Storage Affiliates Trust | ||||||
3,983 | 14,109 | 2,961 | 17,965 | 12,440 | 0 | |
Distributions to preferred shareholders | ||||||
12,390 | 10,350 | 2,300 | 0 | 0 | - | |
Net income attributable to common shareholders | ||||||
-8,407 | 3,759 | 661 | 17,965 | 12,440 | - | |
Earnings (loss) per common share - basic and diluted | ||||||
Earnings (loss) per share - basic and diluted (in dollars per share) | ||||||
-0.15 | 0.07 | 0.01 | - | - | - | |
Weighted average shares outstanding - basic and diluted (in shares) | ||||||
58,208 | 53,293 | 44,423 | - | - | - | |
Earnings (loss) per share - basic | ||||||
- | - | - | 0.60 | 0.80 | 0.00 | |
Earnings (loss) per share - diluted | ||||||
- | - | - | 0.31 | 0.17 | 0.00 | |
Weighted average shares outstanding - basic | ||||||
- | - | - | 29,887 | 15,463 | 1 | |
Weighted average shares outstanding - diluted | ||||||
- | - | - | 78,747 | 45,409 | 1 | |
Other property-related revenue | ||||||
Revenue | ||||||
12,302 | 10,183 | 8,255 | 6,059 | 4,050 | 2,133 | |
Management fees and other revenue | ||||||
Revenue | ||||||
20,735 | 12,310 | 8,061 | 1,809 | 0 | 0 | |