Public Storage 2010 Annual Report Download - page 7
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nearly 20,000 more net customers than during the previous year. The higher customer volumes were
partially offset by higher repair and maintenance costs.
REVPAF
(Per sq. ft.)
2010 2009
Europe self-storage Same Store2 $22.25 $21.90
Commercial properties Same Store $13.29 $13.67
$11.64 $11.49
Other self-storage properties−Europe2 $18.83 $17.24
Commercial properties-Other $14.31 —
Weighted Average Occupancy
(Per sq. ft.)
2010 2009
Net Operating Income
(Before depreciation)
(Amounts in millions)
2010 2009
Europe self-storage Same Store2 $ 33 $ 32
Commercial properties Same Store3 $ 57 $ 65
Other self-storage properties−Europe2 $ 9 $ 7
Commercial properties-Other3 $ 4 —
(2)
Amounts with respect to Europe are on a constant exchange rate basis using the 2010 exchange ratios and include our
pro-rata share of Europe’s operating results for the period.
(3)