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38
NON SAME STORE
Year Ended December 31,
Year Ended December 31,
FACILITIES
2014
2013
Change
2013
2012
Change
(Dollar amounts in thousands, except square foot amounts)
Rental income:
2014 third party acquisitions
$
15,347
$
-
$
15,347
$
-
$
-
$
-
2013 third party acquisitions
96,947
19,309
77,638
19,309
-
19,309
2012 third party acquisitions
28,275
22,452
5,823
22,452
7,791
14,661
Other facilities
72,637
64,940
7,697
64,940
57,929
7,011
Total rental income
213,206
106,701
106,505
106,701
65,720
40,981
Cost of operations before depreciation
and amortization expense:
2014 third party acquisitions
4,566
-
4,566
-
-
-
2013 third party acquisitions
32,917
7,574
25,343
7,574
-
7,574
2012 third party acquisitions
9,591
8,562
1,029
8,562
3,206
5,356
Other facilities
21,184
18,773
2,411
18,773
18,218
555
Total cost of operations
68,258
34,909
33,349
34,909
21,424
13,485
Net operating income:
2014 third party acquisitions
10,781
-
10,781
-
-
-
2013 third party acquisitions
64,030
11,735
52,295
11,735
-
11,735
2012 third party acquisitions
18,684
13,890
4,794
13,890
4,585
9,305
Other facilities
51,453
46,167
5,286
46,167
39,711
6,456
Total net operating income (a)
144,948
71,792
73,156
71,792
44,296
27,496
Depreciation and amortization
expense
(121,074)
(68,445)
(52,629)
(68,445)
(28,713)
(39,732)
Net income
$
23,874
$
3,347
$
20,527
$
3,347
$
15,583
$
(12,236)
At December 31:
Square foot occupancy:
2014 third party acquisitions
89.9%
-
-
-
-
-
2013 third party acquisitions
90.4%
82.6%
9.4%
82.6%
-
-
2012 third party acquisitions
92.5%
86.5%
6.9%
86.5%
75.2%
15.0%
Other facilities
82.2%
85.2%
(3.5)%
85.2%
88.6%
(3.8)%
88.1%
84.0%
4.9%
84.0%
84.4%
(0.5)%
Annual contract rent per
occupied square foot:
2014 third party acquisitions
$
12.15
$
-
-
$
-
$
-
-
2013 third party acquisitions
13.99
13.56
3.2%
13.56
-
-
2012 third party acquisitions
15.40
13.76
11.9%
13.76
13.66
0.7%
Other facilities
16.33
16.17
1.0%
16.17
15.79
2.4%
$
14.45
$
14.40
0.3%
$
14.40
$
15.20
(5.3)%
Number of facilities:
2014 third party acquisitions
44
-
44
-
-
-
2013 third party acquisitions
121
121
-
121
-
121
2012 third party acquisitions
24
24
-
24
24
-
Other facilities
67
60
7
60
59
1
256
205
51
205
83
122
Net rentable square feet (in thousands):
2014 third party acquisitions
3,442
-
3,442
-
-
-
2013 third party acquisitions
8,056
8,036
20
8,036
-
8,036
2012 third party acquisitions
2,117
2,117
-
2,117
1,908
209
Other facilities
5,824
4,699
1,125
4,699
4,294
405
19,439
14,852
4,587
14,852
6,202
8,650