Public Storage 2011 Annual Report Download - page 52
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38
Analysis of Regional Trends
The following table sets forth selected regional trends in our Same Store Facilities:
Year Ended December 31,
Year Ended December 31,
2011
2010
Change
2010
2009
Change
(Amounts in thousands, except for weighted average data)
Same Store Facilities Operating
Trends by Region
Revenues:
Southern California (184 facilities)
$ 219,042
$ 214,105
2.3%
$ 214,105
$ 217,074
(1.4)%
Northern California (168 facilities)
155,625
149,146
4.3%
149,146
149,635
(0.3)%
Texas (231 facilities) .....................
151,021
143,259
5.4%
143,259
141,558
1.2%
Florida (184 facilities) ...................
142,921
137,252
4.1%
137,252
137,963
(0.5)%
Illinois (121 facilities) ...................
93,515
90,922
2.9%
90,922
91,421
(0.5)%
Washington (91 facilities) ..............
79,468
76,167
4.3%
76,167
76,640
(0.6)%
Georgia (90 facilities) ...................
53,966
51,467
4.9%
51,467
51,722
(0.5)%
All other states (862 facilities) ......
611,493
578,896
5.6%
578,896
569,323
1.7%
Total revenues ....................................
1,507,051
1,441,214
4.6%
1,441,214
1,435,336
0.4%
Net operating income:
Southern California ........................
169,040
164,666
2.7%
164,666
168,203
(2.1)%
Northern California ........................
116,589
109,865
6.1%
109,865
110,265
(0.4)%
Texas ..............................................
97,058
89,196
8.8%
89,196
87,353
2.1%
Florida ............................................
97,924
91,381
7.2%
91,381
90,764
0.7%
Illinois ............................................
51,105
50,997
0.2%
50,997
50,576
0.8%
Washington ....................................
58,841
55,983
5.1%
55,983
57,869
(3.3)%
Georgia ..........................................
35,567
33,426
6.4%
33,426
33,966
(1.6)%
All other states ...............................
407,432
374,078
8.9%
374,078
368,368
1.6%
Total net operating income .................
$ 1,033,556
$ 969,592
6.6%
$ 969,592
$ 967,364
0.2%
Weighted average occupancy:
Southern California ........................
92.0%
91.2%
0.9%
91.2%
89.8%
1.6%
Northern California ........................
92.8%
91.0%
2.0%
91.0%
88.9%
2.4%
Texas ..............................................
90.9%
89.5%
1.6%
89.5%
88.9%
0.7%
Florida ............................................
90.7%
89.5%
1.3%
89.5%
88.6%
1.0%
Illinois ............................................
90.9%
89.3%
1.8%
89.3%
88.0%
1.5%
Washington ....................................
90.8%
90.0%
0.9%
90.0%
88.9%
1.2%
Georgia ..........................................
90.2%
88.3%
2.2%
88.3%
87.2%
1.3%
All other states ...............................
91.0%
89.6%
1.6%
89.6%
88.6%
1.1%
Total weighted average occupancy.....
91.1%
89.8%
1.4%
89.8%
88.7%
1.2%