Public Storage 2013 Annual Report Download - page 43

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33
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:
2013 $ 409,604 $ 420,146 $ 441,011 $ 432,533 $ 1,703,294
2012 $ 388,499 $ 399,725 $ 418,085 $ 410,489 $ 1,616,798
2011 $ 372,073 $ 381,301 $ 399,864 $ 391,305 $ 1,544,543
Total cost of operations:
2013 $ 131,358 $ 122,587 $ 124,798 $ 100,235 $ 478,978
2012 $ 134,411 $ 125,126 $ 122,987 $ 102,936 $ 485,460
2011 $ 133,232 $ 127,781 $ 126,615 $ 108,941 $ 496,569
Property taxes:
2013 $ 44,758 $ 44,031 $ 43,652 $ 27,586 $ 160,027
2012 $ 43,142 $ 42,051 $ 40,703 $ 26,295 $ 152,191
2011 $ 41,472 $ 40,383 $ 39,713 $ 26,238 $ 147,806
Repairs and maintenance:
2013 $ 10,824 $ 9,086 $ 9,689 $ 9,802 $ 39,401
2012 $ 12,235 $ 10,443 $ 8,500 $ 8,901 $ 40,079
2011 $ 10,792 $ 11,029 $ 11,008 $ 12,577 $ 45,406
Advertising and selling expense:
2013 $ 7,453 $ 6,412 $ 8,385 $ 4,833 $ 27,083
2012 $ 10,531 $ 10,586 $ 10,216 $ 7,538 $ 38,871
2011 $ 11,908 $ 12,357 $ 10,011 $ 8,570 $ 42,846
REVPAF:
2013 $ 12.67 $ 13.02 $ 13.65 $ 13.40 $ 13.19
2012 $ 12.01 $ 12.37 $ 12.93 $ 12.73 $ 12.51
2011 $ 11.51 $ 11.79 $ 12.32 $ 12.09 $ 11.93
Weighted average realized annual rent per occupied square foot:
2013 $ 13.79 $ 13.85 $ 14.46 $ 14.41 $ 14.13
2012 $ 13.30 $ 13.39 $ 13.90 $ 13.83 $ 13.61
2011 $ 12.84 $ 12.80 $ 13.29 $ 13.32 $ 13.06
Weighted average occupancy levels for the period:
2013 91.9% 94.0% 94.4% 93.0% 93.3%
2012 90.3% 92.4% 93.0% 92.1% 91.9%
2011 89.6% 92.1% 92.7% 90.8% 91.3%