Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Operations (Unaudited)

v3.4.0.3
Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Revenues    
Rental income $ 91,541 $ 78,886
Other operating income 7,583 6,522
Total operating revenues 99,124 85,408
Expenses    
Property operations and maintenance 22,861 20,559
Real estate taxes 10,547 8,920
General and administrative 10,464 9,406
Acquisition costs 2,384 582
Operating leases of storage facilities   683
Depreciation and amortization 16,425 14,181
Total operating expenses 62,681 54,331
Income from operations 36,443 31,077
Other income (expenses)    
Interest expense (9,134) (9,161)
Interest income 6 2
Loss on sale of storage facility   (7)
Equity in income of joint ventures 915 646
Net income 28,230 22,557
Net income attributable to noncontrolling interest in the Operating Partnership (130) (106)
Net loss attributable to noncontrolling interest in consolidated subsidiary 239  
Net income attributable to common shareholders $ 28,339 $ 22,451
Earnings per common share attributable to common shareholders - basic $ 0.74 $ 0.65
Earnings per common share attributable to common shareholders - diluted $ 0.73 $ 0.65
Common shares used in basic earnings per share calculation 38,410,817 34,329,768
Common shares used in diluted earnings per share calculation 38,663,138 34,554,871
Dividends declared per common share $ 0.85 $ 0.75