National storage affiliates trust (NSA)
Income statement / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14
REVENUE
Rental revenue

367,406

354,859

344,602

331,403

319,247

308,403

295,678

280,846

265,981

251,814

238,343

224,891

210,521

191,178

172,767

156,104

140,952

129,869

118,564

104,238

89,399

74,837

0

0

0

Revenue

401,546

387,896

376,626

360,671

344,975

330,896

314,966

298,442

283,060

268,130

253,926

238,017

220,960

199,046

178,182

160,911

145,277

133,919

122,350

107,535

92,100

76,970

0

0

0

OPERATING EXPENSES
Property operating expenses

114,482

110,347

109,548

107,112

105,106

103,875

100,247

95,313

89,932

84,455

79,904

75,616

71,270

64,798

58,808

53,478

48,847

45,412

41,916

37,626

32,833

27,913

0

0

0

General and administrative expenses

46,295

45,581

44,195

41,004

38,294

36,220

33,608

32,240

31,185

30,060

29,163

26,942

24,374

21,528

18,840

17,637

16,987

16,265

14,596

12,855

10,464

8,189

0

0

0

Depreciation and amortization

109,875

105,119

100,697

95,568

92,128

89,147

86,395

82,389

77,800

75,115

71,711

67,567

62,855

55,064

48,758

44,780

41,666

40,651

38,666

35,102

29,825

23,785

0

0

0

Other

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total operating expenses

270,655

261,047

254,826

244,070

235,914

229,242

220,250

209,942

198,917

189,630

180,778

170,125

158,499

141,390

126,406

115,895

107,500

102,328

95,178

85,583

73,122

59,887

0

0

0

OTHER (EXPENSE) INCOME
Operating Income (Loss)

-

-

-

-

-

-

-

-

-

-

73,148

67,892

62,461

57,656

51,776

45,016

37,777

31,591

27,172

21,952

18,978

17,083

0

0

0

OTHER (EXPENSE) INCOME
Interest expense

58,881

56,464

53,551

49,775

46,300

42,724

40,043

38,544

36,232

34,068

31,847

28,955

26,639

24,109

21,777

19,758

18,738

20,779

23,457

24,670

24,569

23,033

0

0

0

Loss on early extinguishment of debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

0

0

-

-

0

0

-

Equity in losses of unconsolidated real estate ventures

-3,208

-4,970

-6,675

-5,219

-3,473

-1,423

211

-741

-1,606

-2,339

-3,744

-3,034

-2,269

-1,484

0

0

0

-

-

-

-

-

-

-

-

Acquisition costs

1,993

1,317

975

795

640

663

614

612

629

593

2,263

3,861

5,402

6,546

5,306

6,443

5,454

4,765

5,387

5,605

9,975

9,558

0

0

0

Organizational and offering expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

58

162

701

1,143

1,320

0

0

0

Non-operating expense

358

452

-435

-274

-105

-91

86

-76

-90

-58

-145

-151

-194

-147

87

50

-6

-92

-192

-137

-23

64

0

0

0

Gain on sale of self storage properties

-

-

2,814

2,814

-

391

363

469

6,189

5,715

0

5,637

0

-

0

0

-

-

-

-

-

-

0

0

-

Other expense

-60,910

-59,485

-58,822

-53,249

-50,601

-44,510

-39,997

-39,504

-32,368

-31,343

-32,256

-30,364

-34,640

-32,422

-27,132

-26,287

-25,112

-26,608

-30,112

-32,026

-35,303

-33,440

0

0

0

Income before income taxes

69,981

67,364

62,978

63,352

58,460

57,144

54,719

48,996

51,775

47,157

40,892

37,528

27,821

25,234

0

0

0

-

-

-

-

-

-

-

-

Income tax expense

1,145

1,351

1,308

1,367

1,167

818

861

741

985

1,159

834

752

576

368

0

0

0

-

-

-

-

-

-

-

-

Net income

68,836

66,013

61,670

61,985

57,293

56,326

53,858

48,255

50,790

45,998

40,058

36,776

27,245

24,866

24,156

18,321

12,369

4,796

-2,940

-10,074

-16,325

-16,357

0

0

0

Net income attributable to noncontrolling interests

65,616

62,030

77,411

64,472

46,233

42,217

34,345

31,865

37,924

43,037

27,469

25,469

10,935

6,901

9,983

-235

-2,281

-7,644

-10,776

-13,538

-16,325

-16,357

0

0

0

Net income attributable to National Storage Affiliates Trust

3,220

3,983

-15,741

-2,487

11,060

14,109

19,513

16,390

12,866

2,961

12,589

11,307

16,310

17,965

14,173

18,556

14,650

12,440

7,836

3,464

0

0

0

0

0

Distributions to preferred shareholders

13,075

12,390

11,704

11,020

10,350

10,350

10,063

7,475

4,888

2,300

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Net income attributable to common shareholders

-9,855

-8,407

-27,445

-13,507

710

3,759

9,450

8,915

7,978

661

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Earnings (loss) per common share - basic and diluted
Earnings (loss) per share - basic and diluted (in dollars per share)

0.06

-

-0.20

-

0.08

-

0.03

-

-

-

0.03

-

-

-

-

-

-

-

-

-

-

-

-

-

0.00

Weighted average shares outstanding - basic and diluted (in shares)

59,798

-

59,278

-

56,655

-

55,722

-

-

-

44,269

-

-

-

-

-

-

-

-

-

-

-

-

-

1

Earnings (loss) per share - basic

-

-

-

-0.19

-

-

-

0.07

0.16

-

-

0.05

0.01

0.18

0.00

0.32

0.10

0.39

0.19

0.22

0.00

-

0.00

0.00

-

Earnings (loss) per share - diluted

-

-

-

-0.19

-

-

-

0.07

0.09

-

-

0.05

0.01

0.16

0.00

0.08

0.07

0.14

0.03

0.00

0.00

-

0.00

0.00

-

Weighted average shares outstanding - basic

-

-

-

57,543

-

-

-

50,486

50,299

-

-

44,223

43,401

38,385

35,080

23,078

23,005

23,334

23,000

15,517

1

-

1

1

-

Weighted average shares outstanding - diluted

-

-

-

57,543

-

-

-

50,486

99,935

-

-

44,223

43,401

138,383

35,080

73,531

67,994

65,614

63,456

52,565

1

-

1

1

-

Dividends declared per common share (in dollars per share)

0.33

-

0.32

0.32

0.30

-

0.29

0.29

0.28

-

0.26

0.26

0.24

-

0.22

0.22

0.20

-

0.19

0.15

0.00

-

0.00

0.00

-

Other property-related revenue
Revenue

12,849

12,302

11,795

11,265

10,686

10,183

9,741

9,199

8,695

8,255

7,796

7,337

6,792

6,059

5,415

4,807

4,325

4,050

3,786

3,297

2,701

2,133

0

0

0

Management fees and other revenue
Revenue

21,291

20,735

20,229

18,003

15,042

12,310

9,547

8,397

8,384

8,061

7,787

5,789

3,647

1,809

0

0

0

-

-

-

-

-

-

-

-