18. PRO FORMA FINANCIAL INFORMATION (UNAUDITED)

During the years ended December 31, 2017 and 2016, the Company acquired seven self-storage properties for an aggregate purchase price of approximately $80.7 million (see note 3) and 28 stores for an aggregate purchase price of approximately $403.6 million, respectively.

The condensed consolidated pro forma financial information set forth below reflects adjustments to the Company’s historical financial data to give effect to each of the acquisitions and related financing activity (including the issuance of common shares) that occurred during 2017 and 2016 as if each had occurred as of January 1, 2016 and 2015, respectively. The unaudited pro forma information presented below does not purport to represent what the Company’s actual results of operations would have been for the periods indicated, nor does it purport to represent the Company’s future results of operations.

The following table summarizes, on a pro forma basis, the Company’s consolidated results of operations for the year ended December 31, 2017 and 2016 based on the assumptions described above:


	Year ended December 31,
	2017		2016
	(in thousands, except per share data)

Pro forma revenues	$	560,852	$	523,821
Pro forma net income	$	145,941	$	115,269
Earnings per share attributable to common shareholders:
Basic - as reported	$	0.74	$	0.45
Diluted - as reported	$	0.74	$	0.45
Basic - as pro forma	$	0.80	$	0.63
Diluted - as pro forma	$	0.80	$	0.62