Public Storage 2009 Annual Report Download - page 57

Download and view the complete annual report

Please find page 57 of the 2009 Public Storage annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 132

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132

39
The following table summarizes selected quarterly financial data with respect to the Same Store Facilities:
For the Quarter Ended
March 31
June 30
September 30
December 31
Entire Year
(Amounts in thousands, except for per square foot amount)
Total revenues:
2009
$ 347,185
$ 346,839
$ 352,121
$ 343,370
$ 1,389,515
2008
$ 349,991
$ 359,461
$ 368,976
$ 357,202
$ 1,435,630
2007
$ 338,454
$ 347,468
$ 359,627
$ 351,209
$ 1,396,758
Total cost of operations:
2009
$ 125,007
$ 116,426
$ 113,286
$ 99,894
$ 454,613
2008
$ 123,856
$ 120,526
$ 113,972
$ 104,442
$ 462,796
2007
$ 118,916
$ 118,985
$ 115,176
$ 106,491
$ 459,568
Property tax expense:
2009
$ 37,762
$ 36,659
$ 37,137
$ 28,218
$ 139,776
2008
$ 36,349
$ 35,156
$ 36,161
$ 28,159
$ 135,825
2007
$ 34,793
$ 33,682
$ 34,969
$ 28,967
$ 132,411
Media advertising expense:
2009
$ 8,158
$ 7,224
$ 3,430
$ 983
$ 19,795
2008
$ 6,947
$ 9,836
$ 2,148
$ 922
$ 19,853
2007
$ 5,287
$ 8,388
$ 4,409
$ 2,833
$ 20,917
Other advertising and promotion expense:
2009
$ 4,614
$ 5,967
$ 4,942
$ 4,556
$ 20,079
2008
$ 4,426
$ 5,027
$ 4,645
$ 4,137
$ 18,235
2007
$ 4,956
$ 5,342
$ 4,457
$ 4,023
$ 18,778
REVPAF:
2009
$ 11.29
$ 11.27
$ 11.41
$ 11.15
$ 11.28
2008
$ 11.43
$ 11.74
$ 12.03
$ 11.65
$ 11.71
2007
$ 11.05
$ 11.35
$ 11.74
$ 11.48
$ 11.40
Weighted average realized annual rent per occupied square foot (a):
2009
$ 12.84
$ 12.52
$ 12.73
$ 12.76
$ 12.71
2008
$ 12.87
$ 12.90
$ 13.29
$ 13.27
$ 13.08
2007
$ 12.49
$ 12.53
$ 13.04
$ 13.02
$ 12.77
Weighted average occupancy levels for the period (a):
2009
87.9%
90.0%
89.6%
87.4%
88.7%
2008
88.8%
91.0%
90.5%
87.8%
89.5%
2007
88.5%
90.6%
90.0%
88.2%
89.3%