Public Storage 2014 Annual Report Download - page 61

Download and view the complete annual report

Please find page 61 of the 2014 Public Storage annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 116

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116

47
Year Ended December 31,
2014
2013
2012
(Amounts in thousands)
Self-storage net operating income:
Same Store Facilities
$
1,338,036
$
1,254,005
$
1,156,928
Non Same Store Facilities
144,948
71,792
44,296
1,482,984
1,325,797
1,201,224
Self-storage depreciation expense:
Same Store Facilities
(312,995)
(316,178)
(326,258)
Non Same Store Facilities
(121,074)
(68,445)
(28,713)
(434,069)
(384,623)
(354,971)
Self-storage net income:
Same Store Facilities
1,025,041
937,827
830,670
Non Same Store Facilities
23,874
3,347
15,583
Total net income from self-storage
1,048,915
941,174
846,253
Ancillary operating revenue
145,522
131,863
123,639
Ancillary cost of operations
(51,822)
(41,075)
(38,263)
Commercial depreciation and
amortization
(3,045)
(2,779)
(2,810)
General and administrative expenses
(71,459)
(66,679)
(56,837)
Operating income
$
1,068,111
$
962,504
$
871,982