Public Storage 1999 Annual Report Download - page 33

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31
U B LI C T O RAG E,N C . 1999 N N UAL RE P O RT
Year Ended December 31, Year Ended December 31,
(Dollar amounts in thousands) 1999 1998 Change 1998 1997 Change
Reconciliation of Revenues by Segment:
Self-storage
Storage property rentals $592,619 $488,291 $104,328 $488,291 $385,540 $102,751
Equity in earnings — storage
property operations 20,140 20,704 (564) 20,704 31,026 (10,322)
Interest and other income — self-storage
property management operations 4,553 5,069 (516) 5,069 8,257 (3,188)
Storage segment revenues 617,312 514,064 103,248 514,064 424,823 89,241
Portable self-storage 27,028 24,466 2,562 24,466 7,893 16,573
Commercial properties
Commercial property rentals 8,204 23,112 (14,908) 23,112 40,575 (17,463)
Equity in earnings — commercial
property operations 35,865 23,655 12,210 23,655 1,428 22,227
Interest and other income —commercial
property management operations — 86 (86) 86 91 (5)
Commercial properties
segment revenues 44,069 46,853 (2,784) 46,853 42,094 4,759
Other items not allocated to segments
Equity in earnings —
Depreciation (self -storage) (7,563) (6,522) (1,041) (6,522) (10,935) 4,413
Equity in earnings — Depreciation
(commercial properties) (12,158) (7,362) (4,796) (7,362) (539) (6,823)
Equity in earnings — general and
administrative and other (4,101) (3,873) (228) (3,873) (3,411) (462)
Interest and other income, excluding
property management operations 12,147 13,459 (1,312) 13,459 9,126 4,333
Total other items not
allocated to segments (11,675) (4,298) (7,377) (4,298) (5,759) 1,461
Total consolidated company
revenues $676,734 $581,085 $ 95,649 $581,085 $469,051 $112,034