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36
Same Store Facilities Operating
Trends b
y
Market (Continued)
Year Ended December 31, Year Ended December 31,
2013 2012 Change 2012 2011 Change
REVPAF:
Los Angeles $ 18.82 $ 17.92 5.0% $ 17.92 $ 17.15 4.5%
San Francisco 18.91 17.84 6.0% 17.84 16.87 5.7%
New York 20.68 19.33 7.0% 19.33 18.34 5.4%
Chicago 12.87 12.23 5.2% 12.23 11.71 4.4%
Washington DC 18.92 18.33 3.2% 18.33 17.71 3.5%
Seattle-Tacoma 14.06 13.23 6.3% 13.23 12.64 4.7%
Miami 15.81 14.99 5.5% 14.99 14.11 6.2%
Dallas-Ft. Worth 10.28 9.67 6.3% 9.67 9.15 5.7%
Houston 10.66 9.90 7.7% 9.90 9.36 5.8%
Atlanta 9.53 9.14 4.3% 9.14 8.73 4.7%
Philadelphia 12.45 12.09 3.0% 12.09 11.69 3.4%
Denver 12.54 11.61 8.0% 11.61 10.70 8.5%
Minneapolis-St. Paul 11.43 10.56 8.2% 10.56 10.01 5.5%
Portland 13.36 12.71 5.1% 12.71 12.13 4.8%
Orlando-Daytona 10.21 9.78 4.4% 9.78 9.40 4.0%
All other markets 10.62 10.12 4.9% 10.12 9.67 4.7%
Total REVPAF $ 13.19 $ 12.51 5.4% $ 12.51 $ 11.93 4.9%
We believe that our geographic diversification and scale provide some insulation from localized
economic effects and add to the stability of our cash flows. It is difficult to predict localized trends in
short-term self-storage demand and operating results. Over the long run, we believe that markets that
experience population growth, high employment, and otherwise exhibit economic strength and consistency
will outperform markets that do not exhibit these characteristics.
Non Same Store Facilities
The Non Same Store Facilities at December 31, 2013 represent 238 facilities that were not
stabilized with respect to occupancies or rental rates since January 1, 2011, or that we did not own as of
January 1, 2011. As a result of the stabilization process and timing of when the facilities were acquired,
year-over-year changes can be significant. In the following table, “Other facilities” includes all facilities
that we have owned, but were not yet stabilized as of January 1, 2011, three facilities that we obtained
control of and began consolidating in 2012 and a newly developed facility opened in 2013.
The following table summarizes operating data with respect to the Non Same Store Facilities: