Public Storage 2010 Annual Report Download - page 47

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33
Year Ended December 31,
2010
2009 2008
(Amounts in thousands)
Net operating income:
Same Store Facilities .............................................
$ 960,286
$ 959,297 $ 995,682
Other Facilities ......................................................
56,736
42,303 32,410
Shurgard Europe Facilities ....................................
-
-30,068
Total net operating income from self-storage ..
1,017,022
1,001,600 1,058,160
Depreciation and amortization expense:
Same Store Facilities .............................................
(303,175)
(304,008) (351,611)
Other Facilities ......................................................
(48,211)
(32,800) (32,601)
Shurgard Europe Facilities ....................................
-
-(21,871)
Total depreciation and amortization expense
from self-storage ......................................
(351,386)
(336,808) (406,083)
Net income (loss):
Same Store Facilities .............................................
657,111
655,289 644,071
Other Facilities ......................................................
8,525
9,503 (191)
Shurgard Europe Facilities ....................................
-
-8,197
Total net income from self-storage ..................
665,636
664,792 652,077
Ancillary operating revenue ......................................
104,381
107,597 108,421
Interest and other income ..........................................
29,017
29,813 36,155
Ancillary cost of operations ......................................
(33,689)
(36,011) (36,528)
Depreciation and amortization, commercial ..............
(2,620)
(2,958) (2,900)
General and administrative expense ..........................
(38,487)
(35,735) (62,809)
Interest expense .........................................................
(30,225)
(29,916) (43,944)
Equity in earnings of real estate entities ....................
38,352
53,244 20,391
Foreign currency exchange (loss) gain ......................
(42,264)
9,662 (25,362)
Gains on disposition of real estate investments .........
396
33,426 336,545
Gain on early debt retirement ....................................
431
4,114 -
Asset impairment charges .........................................
(2,332)
- (525)
Discontinued operations ............................................
7,518
(7,572) (7,649)
Net income of the Company ......................................
$ 696,114
$ 790,456 $ 973,872