Public Storage 2010 Annual Report Download - page 53

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Analysis of Regional Trends
The following table sets forth regional trends in our Same Store Facilities:
Year Ended December 31, Year Ended December 31,
2010 2009
Change
2009 2008 Change
(Amounts in thousands, except for weighted average data)
Same Store Facilities Operating
Trends by Region
Revenues:
Southern California (184 facilities) $ 212,614 $ 215,997
(1.6)%
$ 215,997 $ 224,280 (3.7)%
Northern California (167 facilities) 148,500 148,934
(0.3)%
148,934 153,987 (3.3)%
Texas (230 facilities) ..................... 142,515 140,926
1.1%
140,926 142,443 (1.1)%
Florida (185 facilities) ................... 137,525 138,299
(0.6)%
138,299 145,635 (5.0)%
Illinois (121 facilities) ................... 90,356 90,912
(0.6)%
90,912 93,217 (2.5)%
Washington (90 facilities) .............. 74,187 74,702
(0.7)%
74,702 78,481 (4.8)%
Georgia (87 facilities) ................... 48,910 49,225
(0.6)%
49,225 52,138 (5.6)%
All other states (861 facilities) ...... 573,109 564,343
1.6%
564,343 578,304 (2.4)%
Total revenues .................................... 1,427,716 1,423,338
0.3%
1,423,338 1,468,485 (3.1)%
Cost of operations:
Southern California ........................ 48,999 48,434
1.2%
48,434 48,159 0.6%
Northern California ........................ 39,060 39,162
(0.3)%
39,162 39,857 (1.7)%
Texas .............................................. 53,828 53,915
(0.2)%
53,915 55,124 (2.2)%
Florida ............................................ 45,940 47,306
(2.9)%
47,306 49,840 (5.1)%
Illinois ............................................ 39,621 40,514
(2.2)%
40,514 39,190 3.4%
Washington .................................... 19,776 18,437
7.3%
18,437 18,420 0.1%
Georgia .......................................... 17,106 16,825
1.7%
16,825 17,261 (2.5)%
All other states ............................... 203,100 199,448
1.8%
199,448 204,952 (2.7)%
Total cost of operations ...................... 467,430 464,041
0.7%
464,041 472,803 (1.9)%
Net operating income:
Southern California ........................ 163,615 167,563
(2.4)%
167,563 176,121 (4.9)%
Northern California ........................ 109,440 109,772
(0.3)%
109,772 114,130 (3.8)%
Texas .............................................. 88,687 87,011
1.9%
87,011 87,319 (0.4)%
Florida ............................................ 91,585 90,993
0.7%
90,993 95,795 (5.0)%
Illinois ............................................ 50,735 50,398
0.7%
50,398 54,027 (6.7)%
Washington .................................... 54,411 56,265
(3.3)%
56,265 60,061 (6.3)%
Georgia .......................................... 31,804 32,400
(1.8)%
32,400 34,877 (7.1)%
All other states ............................... 370,009 364,895
1.4%
364,895 373,352 (2.3)%
Total net operating income ................. $ 960,286 $ 959,297
0.1%
$ 959,297 $ 995,682 (3.7)%
Weighted average occupancy:
Southern California ........................ 91.1% 89.8%
1.4%
89.8% 90.0% (0.2)%
Northern California ........................ 91.0% 88.9%
2.4%
88.9% 89.8% (1.0)%
Texas .............................................. 89.5% 88.9%
0.7%
88.9% 90.4% (1.7)%
Florida ............................................ 89.5% 88.6%
1.0%
88.6% 89.0% (0.4)%
Illinois ............................................ 89.3% 88.0%
1.5%
88.0% 88.6% (0.7)%
Washington .................................... 90.0% 88.9%
1.2%
88.9% 89.8% (1.0)%
Georgia .......................................... 88.4% 87.4%
1.1%
87.4% 88.7% (1.5)%
All other states ............................... 89.7% 88.7%
1.1%
88.7% 89.2% (0.6)%
Total weighted average occupancy ..... 89.8% 88.7%
1.2%
88.7% 89.5% (0.9)%