1.0.0.3 false Segment Information false 1 $ false false Unit_1 Standard http://www.xbrl.org/2003/iso4217 USD iso4217 0 Unit_2 Standard http://www.xbrl.org/2003/instance pure xbrli 0 Unit_3 Divide http://www.xbrl.org/2003/iso4217 USD iso4217 http://www.xbrl.org/2003/instance shares xbrli 0 Unit_4 Standard http://www.xbrl.org/2003/instance shares xbrli 0 2 Segment Information 0 psa_SegmentInformation psa false na duration string Segment Information false false false false false true false false false 1 false false 0 0 false false Segment Information false 3 Segment Reporting Disclosure [Text Block] 1 us-gaap_SegmentReportingDisclosureTextBlock us-gaap true na duration string No definition available. false false false false false false false false false 1 false false 0 0 <div> <div><div><div> <div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;" align="justify">11.           Segment Information</div> <div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;" align="justify">  </div> <div style="display: block; margin-left: 18pt; text-indent: 36pt; margin-right: 0pt;" align="justify">Our reportable segments reflect significant operating activities that are evaluated separately by management, and are organized based upon their operating characteristics.  Each of our segments is evaluated by management based upon net segment income.  Net segment income represents net income in conformity with GAAP and our significant accounting policies as denoted in Note 2.</div> <div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;" align="justify">  </div> <div style="display: block; margin-left: 18pt; text-indent: 36pt; margin-right: 0pt;" align="justify">We had previously grouped our Commercial Segment with other ancillary activities such as reinsurance of policies against losses to goods stored by tenants in our self-storage facilities, merchandise sales, truck rentals, and containerized storage.  Due to the termination of our containerized storage and truck rental operations, these other ancillary activities as a group have become less significant and as a result no longer represent a reportable segment either individually or as a group.  We have adjusted the classification of the “Presentation of Segment Information” below with respect to prior periods to be consistent with our current segment definition.</div> <div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;" align="justify">  </div> <div style="display: block; margin-left: 18pt; text-indent: 36pt; margin-right: 0pt;" align="justify">Following is the description of and basis for presentation for each of our segments.</div> <div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;" align="justify">  </div> <div style="display: block; margin-left: 18pt; text-indent: 36pt; margin-right: 0pt;" align="justify">Domestic Self-Storage Segment</div> <div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;" align="justify">  </div> <div style="display: block; margin-left: 18pt; text-indent: 36pt; margin-right: 0pt;" align="justify">The Domestic Self-Storage Segment comprises our domestic self-storage rental operations, and is our predominant segment.  It includes the operations of the 1,991 self storage facilities owned by the Company and the Subsidiaries, as well as our equity share of the 19 self-storage facilities that we account for on the equity method.  None of our interest and other income, interest expense or the related debt, general and administrative expense, or gains and losses on the sale of self-storage facilities is allocated to our Domestic Self-Storage segment because management does not consider these items in evaluating the results of operations of the Domestic Self-Storage segment.  At December 31, 2009, the assets of the Domestic Self-Storage segment are comprised principally of our self-storage facilities with a book value of $7.6 billion ($7.8 billion at December 31, 2008), Tenant Intangibles with a book value of approximately $19.4 million ($33.2 million at December 31, 2008), and the Other Investments with a net book value of $13.8 million ($14.8 million at December 31, 2008).  Substantially all of our other assets totaling $92.9 million, and our accrued and other liabilities totaling $212.3 million, ($109.9 million and $212.4 million, respectively, at December 31, 2008) are directly associated with the Domestic Self-Storage segment.</div> <div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;" align="justify">  </div> <div style="display: block; margin-left: 54pt; text-indent: 0pt; margin-right: 0pt;" align="left">Europe Self-Storage Segment</div> <div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;" align="justify">  </div> <div style="display: block; margin-left: 18pt; text-indent: 36pt; margin-right: 0pt;" align="justify">The Europe Self-Storage segment comprises our interest in Shurgard Europe, which has a separate management team that makes the financing, capital allocation, and other significant decisions for this operation.  The Europe Self-Storage segment presentation includes all of the revenues, expenses, and operations of Shurgard Europe to the extent consolidated in our financial statements, and for periods following the deconsolidation of Shurgard Europe, includes our equity share of Shurgard Europe’s operations, the interest and other income received from Shurgard Europe, as well as specific general and administrative expense, disposition gains, and foreign currency exchange gains and losses that management considers in evaluating our investment in Shurgard Europe.  At December 31, 2009, our consolidated balance sheet includes an investment in Shurgard Europe with a book value of $272.3 million ($264.1 million at December 31, 2008) and a loan receivable from Shurgard Europe totaling €391.9 million ($561.7 million) ($552.4 million at December 31, 2008).</div> <div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;" align="justify">  </div> <div style="display: block; margin-left: 18pt; text-indent: 36pt; margin-right: 0pt;" align="justify">Commercial Segment</div> <div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;" align="justify">  </div> <div style="display: block; margin-left: 18pt; text-indent: 36pt; margin-right: 0pt;" align="justify">The Commercial segment comprises our investment in PSB, a self-managed Real Estate Investment Trust with a separate management team that makes the financing, capital allocation and other significant decisions.  The Commercial segment also includes our direct interest in certain commercial facilities, substantially all of which are managed by PSB.  The Commercial segment presentation includes our equity income from PSB, as well as the revenues and expenses of our commercial facilities.  At December 31, 2009, the assets of the Commercial segment are comprised principally of our investment in PSB which has a book value of $326.1 million ($265.7 million at December 31, 2008).</div> <div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;" align="justify">  </div> <div style="display: block; margin-left: 54pt; text-indent: 0pt; margin-right: 0pt;" align="left">Presentation of Segment Information</div> <div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;" align="justify">  </div> <div style="display: block; margin-left: 18pt; text-indent: 36pt; margin-right: 0pt;" align="justify">The following table reconciles the performance of each segment, in terms of segment income, to our consolidated net income (amounts in thousands):</div> <div style="display: block; text-indent: 0pt;"> </div> <div> <table cellspacing="0" cellpadding="0" width="100%" align="center" border="0"> <tr valign="top"> <td style="width: 36pt;"> <div>  </div> </td> <td> <div align="left">For the year ended December 31, 2009</div> </td> </tr> </table> </div> <div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;" align="justify">  </div> <div align="center"> <table cellspacing="0" cellpadding="0" width="80%"> <tr> <td style="padding-bottom: 2px;" valign="bottom">  </td> <td style="padding-bottom: 2px;" valign="bottom">  </td> <td style="border-bottom: black 2px solid;" valign="bottom" colspan="2"> <div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"> <div style="display: block; text-indent: 0pt;"></div> <div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;" align="center">Domestic</div> <div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;" align="center">Self-Storage</div> </div> </td> <td style="padding-bottom: 2px; text-align: left;" valign="bottom">  </td> <td style="padding-bottom: 2px;" valign="bottom">  </td> <td style="border-bottom: black 2px solid;" valign="bottom" colspan="2"> <div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"> <div style="display: block; text-indent: 0pt;"></div> <div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;" align="center">Europe</div> <div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;" align="center">Self Storage</div> </div> </td> <td style="padding-bottom: 2px; text-align: left;" valign="bottom">  </td> <td style="padding-bottom: 2px;" valign="bottom">  </td> <td style="border-bottom: black 2px solid;" valign="bottom" colspan="2"> <div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"> <div style="display: block; text-indent: 0pt;"></div> <div style="display: block; text-indent: 0pt;">  </div> <div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;" align="center">Commercial</div> </div> </td> <td style="padding-bottom: 2px; text-align: left;" valign="bottom">  </td> <td style="padding-bottom: 2px;" valign="bottom">  </td> <td style="border-bottom: black 2px solid;" valign="bottom" colspan="2"> <div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"> <div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;" align="center">Other Items Not Allocated to Segments</div> </div> </td> <td style="padding-bottom: 2px; text-align: left;" valign="bottom">  </td> <td style="padding-bottom: 2px;" valign="bottom">  </td> <td style="border-bottom: black 2px solid;" valign="bottom" colspan="2"> <div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"> <div style="display: block; text-indent: 0pt;"></div> <div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;" align="center">Total Consolidated</div> </div> </td> <td style="padding-bottom: 2px; text-align: left;" valign="bottom">  </td> </tr> <tr> <td valign="bottom">  </td> <td valign="bottom">  </td> <td valign="bottom" colspan="18"> <div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: -0.5pt;" align="center">(Amounts in thousands)</div> </td> <td style="text-align: left;" valign="bottom">  </td> </tr> <tr> <td valign="bottom" align="left"> <div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;" align="left">Revenues:</div> </td> <td valign="bottom">  </td> <td valign="bottom" colspan="2">  </td> <td style="text-align: left;" valign="bottom">  </td> <td valign="bottom">  </td> <td valign="bottom" colspan="2">  </td> <td style="text-align: left;" valign="bottom">  </td> <td valign="bottom">  </td> <td valign="bottom" colspan="2">  </td> <td style="text-align: left;" valign="bottom">  </td> <td valign="bottom">  </td> <td valign="bottom" colspan="2">  </td> <td style="text-align: left;" valign="bottom">  </td> <td valign="bottom">  </td> <td valign="bottom" colspan="2">  </td> <td style="text-align: left;" valign="bottom">  </td> </tr> <tr> <td valign="bottom" align="left" width="40%"> <div style="display: block; margin-left: 9pt; text-indent: 9pt; margin-right: 0pt;" align="left">Self-storage facilities</div> </td> <td valign="bottom" align="left" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">$</td> <td style="text-align: right;" valign="bottom" width="9%">1,490,292</td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td valign="bottom" align="left" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">$</td> <td style="text-align: right;" valign="bottom" width="9%">-</td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td valign="bottom" align="left" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">$</td> <td style="text-align: right;" valign="bottom" width="9%">-</td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td valign="bottom" align="left" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">$</td> <td style="text-align: right;" valign="bottom" width="9%">-</td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td valign="bottom" align="left" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">$</td> <td style="text-align: right;" valign="bottom" width="9%">1,490,292</td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> </tr> <tr> <td valign="bottom" align="left" width="40%"> <div style="display: block; margin-left: 18pt; text-indent: 0pt; margin-right: 0pt;" align="left">Ancillary operations</div> </td> <td valign="bottom" align="left" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">-</td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td valign="bottom" align="left" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">-</td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td valign="bottom" align="left" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">14,982</td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td valign="bottom" align="left" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">92,615</td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td valign="bottom" align="left" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">107,597</td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> </tr> <tr> <td style="padding-bottom: 2px;" valign="bottom" align="left" width="40%"> <div style="display: block; margin-left: 18pt; text-indent: 0pt; margin-right: 0pt;" align="left">Interest and other income</div> </td> <td style="padding-bottom: 2px;" valign="bottom" width="1%">  </td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">  </td> <td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%">-</td> <td style="padding-bottom: 2px; text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td style="padding-bottom: 2px;" valign="bottom" width="1%">  </td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">  </td> <td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%">24,832</td> <td style="padding-bottom: 2px; text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td style="padding-bottom: 2px;" valign="bottom" width="1%">  </td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">  </td> <td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%">-</td> <td style="padding-bottom: 2px; text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td style="padding-bottom: 2px;" valign="bottom" width="1%">  </td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">  </td> <td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%">4,981</td> <td style="padding-bottom: 2px; text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td style="padding-bottom: 2px;" valign="bottom" width="1%">  </td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">  </td> <td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%">29,813</td> <td style="padding-bottom: 2px; text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> </tr> <tr> <td style="padding-bottom: 2px;" valign="bottom" width="40%">  </td> <td style="padding-bottom: 2px;" valign="bottom" width="1%">  </td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">  </td> <td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%">1,490,292</td> <td style="padding-bottom: 2px; text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td style="padding-bottom: 2px;" valign="bottom" width="1%">  </td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">  </td> <td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%">24,832</td> <td style="padding-bottom: 2px; text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td style="padding-bottom: 2px;" valign="bottom" width="1%">  </td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">  </td> <td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%">14,982</td> <td style="padding-bottom: 2px; text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td style="padding-bottom: 2px;" valign="bottom" width="1%">  </td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">  </td> <td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%">97,596</td> <td style="padding-bottom: 2px; text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td style="padding-bottom: 2px;" valign="bottom" width="1%">  </td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">  </td> <td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%">1,627,702</td> <td style="padding-bottom: 2px; text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> </tr> <tr> <td valign="bottom" width="40%">  </td> <td valign="bottom" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">  </td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td valign="bottom" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">  </td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td valign="bottom" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">  </td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td valign="bottom" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">  </td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td valign="bottom" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">  </td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> </tr> <tr> <td valign="bottom" align="left" width="40%"> <div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;" align="left">Expenses:</div> </td> <td valign="bottom" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">  </td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td valign="bottom" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">  </td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td valign="bottom" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">  </td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td valign="bottom" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">  </td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td valign="bottom" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">  </td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> </tr> <tr> <td valign="bottom" align="left" width="40%"> <div style="display: block; margin-left: 27pt; text-indent: -18pt; margin-right: 0pt;" align="left">Cost of operations:</div> </td> <td valign="bottom" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">  </td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td valign="bottom" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">  </td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td valign="bottom" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">  </td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td valign="bottom" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">  </td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td valign="bottom" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">  </td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> </tr> <tr> <td valign="bottom" align="left" width="40%"> <div style="display: block; margin-left: 9pt; text-indent: 18pt; margin-right: 0pt;" align="left">Self-storage facilities</div> </td> <td valign="bottom" align="left" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">486,928</td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td valign="bottom" align="left" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">-</td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td valign="bottom" align="left" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">-</td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td valign="bottom" align="left" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">-</td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td valign="bottom" align="left" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">486,928</td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> </tr> <tr> <td valign="bottom" align="left" width="40%"> <div style="display: block; margin-left: 9pt; text-indent: 18pt; margin-right: 0pt;" align="left">Ancillary operations</div> </td> <td valign="bottom" align="left" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">-</td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td valign="bottom" align="left" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">-</td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td valign="bottom" align="left" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">5,759</td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td valign="bottom" align="left" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">30,252</td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td valign="bottom" align="left" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">36,011</td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> </tr> <tr> <td valign="bottom" align="left" width="40%"> <div style="display: block; margin-left: 9pt; text-indent: 0pt; margin-right: 0pt;" align="left">Depreciation and amortization</div> </td> <td valign="bottom" align="left" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">337,275</td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td valign="bottom" align="left" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">-</td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td valign="bottom" align="left" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">2,958</td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td valign="bottom" align="left" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">-</td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td valign="bottom" align="left" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">340,233</td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> </tr> <tr> <td valign="bottom" align="left" width="40%"> <div style="display: block; margin-left: 9pt; text-indent: 0pt; margin-right: 0pt;" align="left">General and administrative</div> </td> <td valign="bottom" align="left" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">-</td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td valign="bottom" align="left" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">-</td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td valign="bottom" align="left" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">-</td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td valign="bottom" align="left" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">35,735</td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td valign="bottom" align="left" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">35,735</td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> </tr> <tr> <td style="padding-bottom: 2px;" valign="bottom" align="left" width="40%"> <div style="display: block; margin-left: 9pt; text-indent: 0pt; margin-right: 0pt;" align="left">Interest expense</div> </td> <td style="padding-bottom: 2px;" valign="bottom" width="1%">  </td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">  </td> <td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%">-</td> <td style="padding-bottom: 2px; text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td style="padding-bottom: 2px;" valign="bottom" width="1%">  </td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">  </td> <td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%">-</td> <td style="padding-bottom: 2px; text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td style="padding-bottom: 2px;" valign="bottom" width="1%">  </td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">  </td> <td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%">-</td> <td style="padding-bottom: 2px; text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td style="padding-bottom: 2px;" valign="bottom" width="1%">  </td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">  </td> <td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%">29,916</td> <td style="padding-bottom: 2px; text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td style="padding-bottom: 2px;" valign="bottom" width="1%">  </td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">  </td> <td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%">29,916</td> <td style="padding-bottom: 2px; text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> </tr> <tr> <td style="padding-bottom: 2px;" valign="bottom" width="40%">  </td> <td style="padding-bottom: 2px;" valign="bottom" width="1%">  </td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">  </td> <td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%">824,203</td> <td style="padding-bottom: 2px; text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td style="padding-bottom: 2px;" valign="bottom" width="1%">  </td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">  </td> <td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%">-</td> <td style="padding-bottom: 2px; text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td style="padding-bottom: 2px;" valign="bottom" width="1%">  </td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">  </td> <td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%">8,717</td> <td style="padding-bottom: 2px; text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td style="padding-bottom: 2px;" valign="bottom" width="1%">  </td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">  </td> <td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%">95,903</td> <td style="padding-bottom: 2px; text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td style="padding-bottom: 2px;" valign="bottom" width="1%">  </td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">  </td> <td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%">928,823</td> <td style="padding-bottom: 2px; text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> </tr> <tr> <td valign="bottom" width="40%">  </td> <td valign="bottom" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">  </td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td valign="bottom" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">  </td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td valign="bottom" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">  </td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td valign="bottom" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">  </td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td valign="bottom" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">  </td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> </tr> <tr> <td valign="bottom" align="left" width="40%"> <div style="display: block; margin-left: 9pt; text-indent: -9pt; margin-right: 0pt;" align="left">Income from continuing operations before equity in earnings of real estate entities, gains on disposition of real estate investments, net, gain on early retirement of debt and foreign currency exchange gain</div> </td> <td valign="bottom" align="left" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">      666,089</td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td valign="bottom" align="left" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">      24,832</td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td valign="bottom" align="left" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">      6,265</td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td valign="bottom" align="left" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">      1,693</td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td valign="bottom" align="left" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">      698,879</td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> </tr> <tr> <td valign="bottom" width="40%">  </td> <td valign="bottom" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">  </td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td valign="bottom" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">  </td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td valign="bottom" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">  </td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td valign="bottom" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">  </td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td valign="bottom" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">  </td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> </tr> <tr> <td valign="bottom" align="left" width="40%"> <div style="display: block; margin-left: 9pt; text-indent: -9pt; margin-right: 0pt;" align="left">Equity in earnings of real estate entities</div> </td> <td valign="bottom" align="left" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">1,867</td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td valign="bottom" align="left" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">16,269</td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td valign="bottom" align="left" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">35,108</td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td valign="bottom" align="left" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">-</td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td valign="bottom" align="left" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">53,244</td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> </tr> <tr> <td valign="bottom" align="left" width="40%"> <div style="display: block; margin-left: 9pt; text-indent: -9pt; margin-right: 0pt;" align="left">Gains on disposition of real estate investments, net</div> </td> <td valign="bottom" align="left" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">-</td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td valign="bottom" align="left" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">-</td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td valign="bottom" align="left" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">30,293</td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td valign="bottom" align="left" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">3,133</td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td valign="bottom" align="left" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">33,426</td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> </tr> <tr> <td valign="bottom" align="left" width="40%"> <div style="display: block; margin-left: 9pt; text-indent: -9pt; margin-right: 0pt;" align="left">Gain on early retirement debt</div> </td> <td valign="bottom" align="left" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">-</td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td valign="bottom" align="left" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">-</td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td valign="bottom" align="left" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">-</td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td valign="bottom" align="left" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">4,114</td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td valign="bottom" align="left" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">4,114</td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> </tr> <tr> <td style="padding-bottom: 2px;" valign="bottom" align="left" width="40%"> <div style="display: block; margin-left: 9pt; text-indent: -9pt; margin-right: 0pt;" align="left">Foreign currency exchange gain</div> </td> <td style="padding-bottom: 2px;" valign="bottom" width="1%">  </td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">  </td> <td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%">-</td> <td style="padding-bottom: 2px; text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td style="padding-bottom: 2px;" valign="bottom" width="1%">  </td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">  </td> <td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%">9,662</td> <td style="padding-bottom: 2px; text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td style="padding-bottom: 2px;" valign="bottom" width="1%">  </td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">  </td> <td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%">-</td> <td style="padding-bottom: 2px; text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td style="padding-bottom: 2px;" valign="bottom" width="1%">  </td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">  </td> <td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%">-</td> <td style="padding-bottom: 2px; text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td style="padding-bottom: 2px;" valign="bottom" width="1%">  </td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">  </td> <td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%">9,662</td> <td style="padding-bottom: 2px; text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> </tr> <tr> <td valign="bottom" align="left" width="40%"> <div style="display: block; margin-left: 9pt; text-indent: -9pt; margin-right: 0pt;" align="left">Income from continuing operations</div> </td> <td valign="bottom" align="left" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">667,956</td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td valign="bottom" align="left" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">50,763</td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td valign="bottom" align="left" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">71,666</td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td valign="bottom" align="left" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">8,940</td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td valign="bottom" align="left" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">799,325</td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> </tr> <tr> <td style="padding-bottom: 2px;" valign="bottom" align="left" width="40%"> <div style="display: block; margin-left: 9pt; text-indent: -9pt; margin-right: 0pt;" align="left">Discontinued operations</div> </td> <td style="padding-bottom: 2px;" valign="bottom" width="1%">  </td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">  </td> <td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%">-</td> <td style="padding-bottom: 2px; text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td style="padding-bottom: 2px;" valign="bottom" width="1%">  </td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">  </td> <td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%">-</td> <td style="padding-bottom: 2px; text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td style="padding-bottom: 2px;" valign="bottom" width="1%">  </td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">  </td> <td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%">-</td> <td style="padding-bottom: 2px; text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td style="padding-bottom: 2px;" valign="bottom" width="1%">  </td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">  </td> <td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%">(8,869</td> <td style="padding-bottom: 2px; text-align: left;" valign="bottom" width="1%" nowrap="nowrap">)</td> <td style="padding-bottom: 2px;" valign="bottom" width="1%">  </td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">  </td> <td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%">(8,869</td> <td style="padding-bottom: 2px; text-align: left;" valign="bottom" width="1%" nowrap="nowrap">)</td> </tr> <tr> <td style="padding-bottom: 4px;" valign="bottom" align="left" width="40%"> <div style="display: block; margin-left: 9pt; text-indent: -9pt; margin-right: 0pt;" align="left">Net income</div> </td> <td style="padding-bottom: 4px;" valign="bottom" width="1%">  </td> <td style="border-bottom: black 4px double; text-align: left;" valign="bottom" width="1%">$</td> <td style="border-bottom: black 4px double; text-align: right;" valign="bottom" width="9%">667,956</td> <td style="padding-bottom: 4px; text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td style="padding-bottom: 4px;" valign="bottom" width="1%">  </td> <td style="border-bottom: black 4px double; text-align: left;" valign="bottom" width="1%">$</td> <td style="border-bottom: black 4px double; text-align: right;" valign="bottom" width="9%">50,763</td> <td style="padding-bottom: 4px; text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td style="padding-bottom: 4px;" valign="bottom" width="1%">  </td> <td style="border-bottom: black 4px double; text-align: left;" valign="bottom" width="1%">$</td> <td style="border-bottom: black 4px double; text-align: right;" valign="bottom" width="9%">71,666</td> <td style="padding-bottom: 4px; text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td style="padding-bottom: 4px;" valign="bottom" width="1%">  </td> <td style="border-bottom: black 4px double; text-align: left;" valign="bottom" width="1%">$</td> <td style="border-bottom: black 4px double; text-align: right;" valign="bottom" width="9%">71</td> <td style="padding-bottom: 4px; text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td style="padding-bottom: 4px;" valign="bottom" width="1%">  </td> <td style="border-bottom: black 4px double; text-align: left;" valign="bottom" width="1%">$</td> <td style="border-bottom: black 4px double; text-align: right;" valign="bottom" width="9%">790,456</td> <td style="padding-bottom: 4px; text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> </tr> </table> </div> <div style="display: block; text-indent: 0pt;"> </div> <div style="display: block; text-indent: 0pt;"> </div> <div> <table cellspacing="0" cellpadding="0" width="100%" align="center" border="0"> <tr valign="top"> <td style="width: 36pt;"> <div>  </div> </td> <td> <div align="left">For the year ended December 31, 2008</div> </td> </tr> </table> </div> <div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;" align="justify">  </div> <div align="center"> <table cellspacing="0" cellpadding="0" width="80%"> <tr> <td style="padding-bottom: 2px;" valign="bottom">  </td> <td style="padding-bottom: 2px;" valign="bottom">  </td> <td style="border-bottom: black 2px solid;" valign="bottom" colspan="2"> <div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"> <div style="display: block; text-indent: 0pt;"></div> <div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;" align="center">Domestic</div> <div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;" align="center">Self-Storage</div> </div> </td> <td style="padding-bottom: 2px; text-align: left;" valign="bottom">  </td> <td style="padding-bottom: 2px;" valign="bottom">  </td> <td style="border-bottom: black 2px solid;" valign="bottom" colspan="2"> <div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"> <div style="display: block; text-indent: 0pt;"></div> <div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;" align="center">Europe</div> <div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;" align="center">Self Storage</div> </div> </td> <td style="padding-bottom: 2px; text-align: left;" valign="bottom">  </td> <td style="padding-bottom: 2px;" valign="bottom">  </td> <td style="border-bottom: black 2px solid;" valign="bottom" colspan="2"> <div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"> <div style="display: block; text-indent: 0pt;"></div> <div style="display: block; text-indent: 0pt;">  </div> <div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;" align="center">Commercial</div> </div> </td> <td style="padding-bottom: 2px; text-align: left;" valign="bottom">  </td> <td style="padding-bottom: 2px;" valign="bottom">  </td> <td style="border-bottom: black 2px solid;" valign="bottom" colspan="2"> <div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"> <div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;" align="center">Other Items Not Allocated to Segments</div> </div> </td> <td style="padding-bottom: 2px; text-align: left;" valign="bottom">  </td> <td style="padding-bottom: 2px;" valign="bottom">  </td> <td style="border-bottom: black 2px solid;" valign="bottom" colspan="2"> <div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"> <div style="display: block; text-indent: 0pt;"></div> <div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;" align="center">Total Consolidated</div> </div> </td> <td style="padding-bottom: 2px; text-align: left;" valign="bottom">  </td> </tr> <tr> <td valign="bottom">  </td> <td valign="bottom">  </td> <td valign="bottom" colspan="18"> <div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: -0.5pt;" align="center">(Amounts in thousands)</div> </td> <td style="text-align: left;" valign="bottom">  </td> </tr> <tr> <td valign="bottom" align="left"> <div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;" align="left">Revenues:</div> </td> <td valign="bottom">  </td> <td valign="bottom" colspan="2">  </td> <td style="text-align: left;" valign="bottom">  </td> <td valign="bottom">  </td> <td valign="bottom" colspan="2">  </td> <td style="text-align: left;" valign="bottom">  </td> <td valign="bottom">  </td> <td valign="bottom" colspan="2">  </td> <td style="text-align: left;" valign="bottom">  </td> <td valign="bottom">  </td> <td valign="bottom" colspan="2">  </td> <td style="text-align: left;" valign="bottom">  </td> <td valign="bottom">  </td> <td valign="bottom" colspan="2">  </td> <td style="text-align: left;" valign="bottom">  </td> </tr> <tr> <td valign="bottom" align="left" width="40%"> <div style="display: block; margin-left: 9pt; text-indent: 9pt; margin-right: 0pt;" align="left">Self-storage facilities</div> </td> <td valign="bottom" align="left" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">$</td> <td style="text-align: right;" valign="bottom" width="9%">1,524,295</td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td valign="bottom" align="left" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">$</td> <td style="text-align: right;" valign="bottom" width="9%">54,722</td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td valign="bottom" align="left" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">$</td> <td style="text-align: right;" valign="bottom" width="9%">-</td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td valign="bottom" align="left" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">$</td> <td style="text-align: right;" valign="bottom" width="9%">-</td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td valign="bottom" align="left" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">$</td> <td style="text-align: right;" valign="bottom" width="9%">1,579,017</td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> </tr> <tr> <td valign="bottom" align="left" width="40%"> <div style="display: block; margin-left: 18pt; text-indent: 0pt; margin-right: 0pt;" align="left">Ancillary operations</div> </td> <td valign="bottom" align="left" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">-</td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td valign="bottom" align="left" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">4,913</td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td valign="bottom" align="left" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">15,326</td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td valign="bottom" align="left" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">88,182</td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td valign="bottom" align="left" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">108,421</td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> </tr> <tr> <td style="padding-bottom: 2px;" valign="bottom" align="left" width="40%"> <div style="display: block; margin-left: 18pt; text-indent: 0pt; margin-right: 0pt;" align="left">Interest and other income</div> </td> <td style="padding-bottom: 2px;" valign="bottom" width="1%">  </td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">  </td> <td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%">-</td> <td style="padding-bottom: 2px; text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td style="padding-bottom: 2px;" valign="bottom" width="1%">  </td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">  </td> <td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%">18,496</td> <td style="padding-bottom: 2px; text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td style="padding-bottom: 2px;" valign="bottom" width="1%">  </td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">  </td> <td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%">-</td> <td style="padding-bottom: 2px; text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td style="padding-bottom: 2px;" valign="bottom" width="1%">  </td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">  </td> <td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%">17,659</td> <td style="padding-bottom: 2px; text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td style="padding-bottom: 2px;" valign="bottom" width="1%">  </td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">  </td> <td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%">36,155</td> <td style="padding-bottom: 2px; text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> </tr> <tr> <td style="padding-bottom: 2px;" valign="bottom" width="40%">  </td> <td style="padding-bottom: 2px;" valign="bottom" width="1%">  </td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">  </td> <td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%">1,524,295</td> <td style="padding-bottom: 2px; text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td style="padding-bottom: 2px;" valign="bottom" width="1%">  </td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">  </td> <td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%">78,131</td> <td style="padding-bottom: 2px; text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td style="padding-bottom: 2px;" valign="bottom" width="1%">  </td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">  </td> <td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%">15,326</td> <td style="padding-bottom: 2px; text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td style="padding-bottom: 2px;" valign="bottom" width="1%">  </td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">  </td> <td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%">105,841</td> <td style="padding-bottom: 2px; text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td style="padding-bottom: 2px;" valign="bottom" width="1%">  </td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">  </td> <td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%">1,723,593</td> <td style="padding-bottom: 2px; text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> </tr> <tr> <td valign="bottom" width="40%">  </td> <td valign="bottom" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">  </td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td valign="bottom" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">  </td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td valign="bottom" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">  </td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td valign="bottom" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">  </td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td valign="bottom" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">  </td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> </tr> <tr> <td valign="bottom" align="left" width="40%"> <div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;" align="left">Expenses:</div> </td> <td valign="bottom" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">  </td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td valign="bottom" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">  </td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td valign="bottom" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">  </td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td valign="bottom" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">  </td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td valign="bottom" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">  </td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> </tr> <tr> <td valign="bottom" align="left" width="40%"> <div style="display: block; margin-left: 27pt; text-indent: -18pt; margin-right: 0pt;" align="left">Cost of operations:</div> </td> <td valign="bottom" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">  </td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td valign="bottom" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">  </td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td valign="bottom" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">  </td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td valign="bottom" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">  </td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td valign="bottom" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">  </td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> </tr> <tr> <td valign="bottom" align="left" width="40%"> <div style="display: block; margin-left: 9pt; text-indent: 18pt; margin-right: 0pt;" align="left">Self-storage facilities</div> </td> <td valign="bottom" align="left" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">494,436</td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td valign="bottom" align="left" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">24,654</td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td valign="bottom" align="left" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">-</td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td valign="bottom" align="left" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">-</td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td valign="bottom" align="left" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">519,090</td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> </tr> <tr> <td valign="bottom" align="left" width="40%"> <div style="display: block; margin-left: 9pt; text-indent: 18pt; margin-right: 0pt;" align="left">Ancillary operations</div> </td> <td valign="bottom" align="left" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">-</td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td valign="bottom" align="left" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">1,409</td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td valign="bottom" align="left" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">6,292</td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td valign="bottom" align="left" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">28,827</td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td valign="bottom" align="left" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">36,528</td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> </tr> <tr> <td valign="bottom" align="left" width="40%"> <div style="display: block; margin-left: 9pt; text-indent: 0pt; margin-right: 0pt;" align="left">Depreciation and amortization</div> </td> <td valign="bottom" align="left" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">387,210</td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td valign="bottom" align="left" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">21,871</td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td valign="bottom" align="left" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">2,900</td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td valign="bottom" align="left" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">-</td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td valign="bottom" align="left" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">411,981</td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> </tr> <tr> <td valign="bottom" align="left" width="40%"> <div style="display: block; margin-left: 9pt; text-indent: 0pt; margin-right: 0pt;" align="left">General and administrative</div> </td> <td valign="bottom" align="left" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">-</td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td valign="bottom" align="left" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">30,044</td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td valign="bottom" align="left" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">-</td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td valign="bottom" align="left" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">32,765</td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td valign="bottom" align="left" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">62,809</td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> </tr> <tr> <td style="padding-bottom: 2px;" valign="bottom" align="left" width="40%"> <div style="display: block; margin-left: 9pt; text-indent: 0pt; margin-right: 0pt;" align="left">Interest expense</div> </td> <td style="padding-bottom: 2px;" valign="bottom" width="1%">  </td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">  </td> <td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%">-</td> <td style="padding-bottom: 2px; text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td style="padding-bottom: 2px;" valign="bottom" width="1%">  </td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">  </td> <td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%">6,597</td> <td style="padding-bottom: 2px; text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td style="padding-bottom: 2px;" valign="bottom" width="1%">  </td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">  </td> <td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%">-</td> <td style="padding-bottom: 2px; text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td style="padding-bottom: 2px;" valign="bottom" width="1%">  </td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">  </td> <td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%">37,347</td> <td style="padding-bottom: 2px; text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td style="padding-bottom: 2px;" valign="bottom" width="1%">  </td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">  </td> <td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%">43,944</td> <td style="padding-bottom: 2px; text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> </tr> <tr> <td style="padding-bottom: 2px;" valign="bottom" width="40%">  </td> <td style="padding-bottom: 2px;" valign="bottom" width="1%">  </td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">  </td> <td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%">881,646</td> <td style="padding-bottom: 2px; text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td style="padding-bottom: 2px;" valign="bottom" width="1%">  </td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">  </td> <td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%">84,575</td> <td style="padding-bottom: 2px; text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td style="padding-bottom: 2px;" valign="bottom" width="1%">  </td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">  </td> <td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%">9,192</td> <td style="padding-bottom: 2px; text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td style="padding-bottom: 2px;" valign="bottom" width="1%">  </td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">  </td> <td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%">98,939</td> <td style="padding-bottom: 2px; text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td style="padding-bottom: 2px;" valign="bottom" width="1%">  </td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">  </td> <td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%">1,074,352</td> <td style="padding-bottom: 2px; text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> </tr> <tr> <td valign="bottom" width="40%">  </td> <td valign="bottom" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">  </td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td valign="bottom" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">  </td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td valign="bottom" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">  </td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td valign="bottom" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">  </td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td valign="bottom" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">  </td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> </tr> <tr> <td valign="bottom" align="left" width="40%"> <div style="display: block; margin-left: 9pt; text-indent: -9pt; margin-right: 0pt;" align="left">Income (loss) from continuing operations before equity in earnings of real estate entities, gains on disposition of real estate investments, net, casualty loss and foreign currency exchange loss</div> </td> <td valign="bottom" align="left" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">    642,649</td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td valign="bottom" align="left" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">(6,444</td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">)</td> <td valign="bottom" align="left" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">    6,134</td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td valign="bottom" align="left" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">    6,902</td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td valign="bottom" align="left" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">    649,241</td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> </tr> <tr> <td valign="bottom" width="40%">  </td> <td valign="bottom" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">  </td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td valign="bottom" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">  </td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td valign="bottom" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">  </td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td valign="bottom" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">  </td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td valign="bottom" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">  </td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> </tr> <tr> <td valign="bottom" align="left" width="40%"> <div style="display: block; margin-left: 9pt; text-indent: -9pt; margin-right: 0pt;" align="left">Equity in earnings of real estate entities</div> </td> <td valign="bottom" align="left" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">1,932</td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td valign="bottom" align="left" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">4,134</td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td valign="bottom" align="left" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">14,325</td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td valign="bottom" align="left" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">-</td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td valign="bottom" align="left" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">20,391</td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> </tr> <tr> <td valign="bottom" align="left" width="40%"> <div style="display: block; margin-left: 9pt; text-indent: -9pt; margin-right: 0pt;" align="left">Gain (loss) on disposition of real estate investments, net</div> </td> <td valign="bottom" align="left" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">-</td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td valign="bottom" align="left" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">344,685</td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td valign="bottom" align="left" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">-</td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td valign="bottom" align="left" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">(8,140</td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">)</td> <td valign="bottom" align="left" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">336,545</td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> </tr> <tr> <td valign="bottom" align="left" width="40%"> <div style="display: block; margin-left: 9pt; text-indent: -9pt; margin-right: 0pt;" align="left">Casualty loss</div> </td> <td valign="bottom" align="left" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">-</td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td valign="bottom" align="left" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">-</td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td valign="bottom" align="left" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">-</td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td valign="bottom" align="left" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">(525</td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">)</td> <td valign="bottom" align="left" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">(525</td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">)</td> </tr> <tr> <td style="padding-bottom: 2px;" valign="bottom" align="left" width="40%"> <div style="display: block; margin-left: 9pt; text-indent: -9pt; margin-right: 0pt;" align="left">Foreign currency exchange loss</div> </td> <td style="padding-bottom: 2px;" valign="bottom" width="1%">  </td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">  </td> <td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%">-</td> <td style="padding-bottom: 2px; text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td style="padding-bottom: 2px;" valign="bottom" width="1%">  </td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">  </td> <td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%">(25,362</td> <td style="padding-bottom: 2px; text-align: left;" valign="bottom" width="1%" nowrap="nowrap">)</td> <td style="padding-bottom: 2px;" valign="bottom" width="1%">  </td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">  </td> <td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%">-</td> <td style="padding-bottom: 2px; text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td style="padding-bottom: 2px;" valign="bottom" width="1%">  </td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">  </td> <td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%">-</td> <td style="padding-bottom: 2px; text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td style="padding-bottom: 2px;" valign="bottom" width="1%">  </td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">  </td> <td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%">(25,362</td> <td style="padding-bottom: 2px; text-align: left;" valign="bottom" width="1%" nowrap="nowrap">)</td> </tr> <tr> <td valign="bottom" align="left" width="40%"> <div style="display: block; margin-left: 9pt; text-indent: -9pt; margin-right: 0pt;" align="left">Income (loss) from continuing operations</div> </td> <td valign="bottom" align="left" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">644,581</td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td valign="bottom" align="left" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">317,013</td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td valign="bottom" align="left" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">20,459</td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td valign="bottom" align="left" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">(1,763</td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">)</td> <td valign="bottom" align="left" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">980,290</td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> </tr> <tr> <td style="padding-bottom: 2px;" valign="bottom" align="left" width="40%"> <div style="display: block; margin-left: 9pt; text-indent: -9pt; margin-right: 0pt;" align="left">Discontinued operations</div> </td> <td style="padding-bottom: 2px;" valign="bottom" width="1%">  </td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">  </td> <td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%">-</td> <td style="padding-bottom: 2px; text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td style="padding-bottom: 2px;" valign="bottom" width="1%">  </td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">  </td> <td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%">-</td> <td style="padding-bottom: 2px; text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td style="padding-bottom: 2px;" valign="bottom" width="1%">  </td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">  </td> <td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%">-</td> <td style="padding-bottom: 2px; text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td style="padding-bottom: 2px;" valign="bottom" width="1%">  </td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">  </td> <td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%">(6,418</td> <td style="padding-bottom: 2px; text-align: left;" valign="bottom" width="1%" nowrap="nowrap">)</td> <td style="padding-bottom: 2px;" valign="bottom" width="1%">  </td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">  </td> <td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%">(6,418</td> <td style="padding-bottom: 2px; text-align: left;" valign="bottom" width="1%" nowrap="nowrap">)</td> </tr> <tr> <td style="padding-bottom: 4px;" valign="bottom" align="left" width="40%"> <div style="display: block; margin-left: 9pt; text-indent: -9pt; margin-right: 0pt;" align="left">Net income (loss)</div> </td> <td style="padding-bottom: 4px;" valign="bottom" width="1%">  </td> <td style="border-bottom: black 4px double; text-align: left;" valign="bottom" width="1%">$</td> <td style="border-bottom: black 4px double; text-align: right;" valign="bottom" width="9%">644,581</td> <td style="padding-bottom: 4px; text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td style="padding-bottom: 4px;" valign="bottom" width="1%">  </td> <td style="border-bottom: black 4px double; text-align: left;" valign="bottom" width="1%">$</td> <td style="border-bottom: black 4px double; text-align: right;" valign="bottom" width="9%">317,013</td> <td style="padding-bottom: 4px; text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td style="padding-bottom: 4px;" valign="bottom" width="1%">  </td> <td style="border-bottom: black 4px double; text-align: left;" valign="bottom" width="1%">$</td> <td style="border-bottom: black 4px double; text-align: right;" valign="bottom" width="9%">20,459</td> <td style="padding-bottom: 4px; text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td style="padding-bottom: 4px;" valign="bottom" width="1%">  </td> <td style="border-bottom: black 4px double; text-align: left;" valign="bottom" width="1%">$</td> <td style="border-bottom: black 4px double; text-align: right;" valign="bottom" width="9%">(8,181</td> <td style="padding-bottom: 4px; text-align: left;" valign="bottom" width="1%" nowrap="nowrap">)</td> <td style="padding-bottom: 4px;" valign="bottom" width="1%">  </td> <td style="border-bottom: black 4px double; text-align: left;" valign="bottom" width="1%">$</td> <td style="border-bottom: black 4px double; text-align: right;" valign="bottom" width="9%">973,872</td> <td style="padding-bottom: 4px; text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> </tr> </table> </div> <div style="display: block; text-indent: 0pt;"> </div> <div> <table cellspacing="0" cellpadding="0" width="100%" align="center" border="0"> <tr valign="top"> <td style="width: 36pt;"> <div>  </div> </td> <td> <div align="left">For the year ended December 31, 2007</div> </td> </tr> </table> </div> <div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;" align="justify">  </div> <div align="center"> <table cellspacing="0" cellpadding="0" width="80%"> <tr> <td style="padding-bottom: 2px;" valign="bottom">  </td> <td style="padding-bottom: 2px;" valign="bottom">  </td> <td style="border-bottom: black 2px solid;" valign="bottom" colspan="2"> <div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"> <div style="display: block; text-indent: 0pt;"></div> <div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;" align="center">Domestic</div> <div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;" align="center">Self-Storage</div> </div> </td> <td style="padding-bottom: 2px; text-align: left;" valign="bottom">  </td> <td style="padding-bottom: 2px;" valign="bottom">  </td> <td style="border-bottom: black 2px solid;" valign="bottom" colspan="2"> <div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"> <div style="display: block; text-indent: 0pt;"></div> <div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;" align="center">Europe</div> <div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;" align="center">Self Storage</div> </div> </td> <td style="padding-bottom: 2px; text-align: left;" valign="bottom">  </td> <td style="padding-bottom: 2px;" valign="bottom">  </td> <td style="border-bottom: black 2px solid;" valign="bottom" colspan="2"> <div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"> <div style="display: block; text-indent: 0pt;"></div> <div style="display: block; text-indent: 0pt;">  </div> <div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;" align="center">Commercial</div> </div> </td> <td style="padding-bottom: 2px; text-align: left;" valign="bottom">  </td> <td style="padding-bottom: 2px;" valign="bottom">  </td> <td style="border-bottom: black 2px solid;" valign="bottom" colspan="2"> <div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"> <div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;" align="center">Other Items Not Allocated to Segments</div> </div> </td> <td style="padding-bottom: 2px; text-align: left;" valign="bottom">  </td> <td style="padding-bottom: 2px;" valign="bottom">  </td> <td style="border-bottom: black 2px solid;" valign="bottom" colspan="2"> <div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"> <div style="display: block; text-indent: 0pt;"></div> <div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;" align="center">Total Consolidated</div> </div> </td> <td style="padding-bottom: 2px; text-align: left;" valign="bottom">  </td> </tr> <tr> <td valign="bottom">  </td> <td valign="bottom">  </td> <td valign="bottom" colspan="18"> <div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: -0.5pt;" align="center">(Amounts in thousands)</div> </td> <td style="text-align: left;" valign="bottom">  </td> </tr> <tr> <td valign="bottom" align="left"> <div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;" align="left">Revenues:</div> </td> <td valign="bottom">  </td> <td valign="bottom" colspan="2">  </td> <td style="text-align: left;" valign="bottom">  </td> <td valign="bottom">  </td> <td valign="bottom" colspan="2">  </td> <td style="text-align: left;" valign="bottom">  </td> <td valign="bottom">  </td> <td valign="bottom" colspan="2">  </td> <td style="text-align: left;" valign="bottom">  </td> <td valign="bottom">  </td> <td valign="bottom" colspan="2">  </td> <td style="text-align: left;" valign="bottom">  </td> <td valign="bottom">  </td> <td valign="bottom" colspan="2">  </td> <td style="text-align: left;" valign="bottom">  </td> </tr> <tr> <td valign="bottom" align="left" width="40%"> <div style="display: block; margin-left: 9pt; text-indent: 9pt; margin-right: 0pt;" align="left">Self-storage facilities</div> </td> <td valign="bottom" align="left" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">$</td> <td style="text-align: right;" valign="bottom" width="9%">1,467,797</td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td valign="bottom" align="left" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">$</td> <td style="text-align: right;" valign="bottom" width="9%">192,507</td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td valign="bottom" align="left" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">$</td> <td style="text-align: right;" valign="bottom" width="9%">-</td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td valign="bottom" align="left" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">$</td> <td style="text-align: right;" valign="bottom" width="9%">-</td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td valign="bottom" align="left" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">$</td> <td style="text-align: right;" valign="bottom" width="9%">1,660,304</td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> </tr> <tr> <td valign="bottom" align="left" width="40%"> <div style="display: block; margin-left: 18pt; text-indent: 0pt; margin-right: 0pt;" align="left">Ancillary operations</div> </td> <td valign="bottom" align="left" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">-</td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td valign="bottom" align="left" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">17,490</td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td valign="bottom" align="left" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">15,101</td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td valign="bottom" align="left" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">82,890</td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td valign="bottom" align="left" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">115,481</td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> </tr> <tr> <td style="padding-bottom: 2px;" valign="bottom" align="left" width="40%"> <div style="display: block; margin-left: 18pt; text-indent: 0pt; margin-right: 0pt;" align="left">Interest and other income</div> </td> <td style="padding-bottom: 2px;" valign="bottom" width="1%">  </td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">  </td> <td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%">-</td> <td style="padding-bottom: 2px; text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td style="padding-bottom: 2px;" valign="bottom" width="1%">  </td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">  </td> <td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%">704</td> <td style="padding-bottom: 2px; text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td style="padding-bottom: 2px;" valign="bottom" width="1%">  </td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">  </td> <td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%">-</td> <td style="padding-bottom: 2px; text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td style="padding-bottom: 2px;" valign="bottom" width="1%">  </td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">  </td> <td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%">10,713</td> <td style="padding-bottom: 2px; text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td style="padding-bottom: 2px;" valign="bottom" width="1%">  </td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">  </td> <td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%">11,417</td> <td style="padding-bottom: 2px; text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> </tr> <tr> <td style="padding-bottom: 2px;" valign="bottom" width="40%">  </td> <td style="padding-bottom: 2px;" valign="bottom" width="1%">  </td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">  </td> <td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%">1,467,797</td> <td style="padding-bottom: 2px; text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td style="padding-bottom: 2px;" valign="bottom" width="1%">  </td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">  </td> <td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%">210,701</td> <td style="padding-bottom: 2px; text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td style="padding-bottom: 2px;" valign="bottom" width="1%">  </td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">  </td> <td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%">15,101</td> <td style="padding-bottom: 2px; text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td style="padding-bottom: 2px;" valign="bottom" width="1%">  </td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">  </td> <td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%">93,603</td> <td style="padding-bottom: 2px; text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td style="padding-bottom: 2px;" valign="bottom" width="1%">  </td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">  </td> <td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%">1,787,202</td> <td style="padding-bottom: 2px; text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> </tr> <tr> <td valign="bottom" width="40%">  </td> <td valign="bottom" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">  </td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td valign="bottom" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">  </td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td valign="bottom" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">  </td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td valign="bottom" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">  </td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td valign="bottom" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">  </td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> </tr> <tr> <td valign="bottom" align="left" width="40%"> <div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;" align="left">Expenses:</div> </td> <td valign="bottom" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">  </td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td valign="bottom" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">  </td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td valign="bottom" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">  </td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td valign="bottom" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">  </td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td valign="bottom" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">  </td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> </tr> <tr> <td valign="bottom" align="left" width="40%"> <div style="display: block; margin-left: 27pt; text-indent: -18pt; margin-right: 0pt;" align="left">Cost of operations:</div> </td> <td valign="bottom" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">  </td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td valign="bottom" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">  </td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td valign="bottom" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">  </td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td valign="bottom" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">  </td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td valign="bottom" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">  </td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> </tr> <tr> <td valign="bottom" align="left" width="40%"> <div style="display: block; margin-left: 9pt; text-indent: 18pt; margin-right: 0pt;" align="left">Self-storage facilities</div> </td> <td valign="bottom" align="left" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">487,504</td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td valign="bottom" align="left" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">91,689</td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td valign="bottom" align="left" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">-</td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td valign="bottom" align="left" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">-</td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td valign="bottom" align="left" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">579,193</td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> </tr> <tr> <td valign="bottom" align="left" width="40%"> <div style="display: block; margin-left: 9pt; text-indent: 18pt; margin-right: 0pt;" align="left">Ancillary operations</div> </td> <td valign="bottom" align="left" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">-</td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td valign="bottom" align="left" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">5,186</td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td valign="bottom" align="left" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">5,722</td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td valign="bottom" align="left" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">41,053</td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td valign="bottom" align="left" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">51,961</td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> </tr> <tr> <td valign="bottom" align="left" width="40%"> <div style="display: block; margin-left: 9pt; text-indent: 0pt; margin-right: 0pt;" align="left">Depreciation and amortization</div> </td> <td valign="bottom" align="left" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">493,482</td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td valign="bottom" align="left" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">123,546</td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td valign="bottom" align="left" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">2,570</td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td valign="bottom" align="left" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">-</td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td valign="bottom" align="left" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">619,598</td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> </tr> <tr> <td valign="bottom" align="left" width="40%"> <div style="display: block; margin-left: 9pt; text-indent: 0pt; margin-right: 0pt;" align="left">General and administrative</div> </td> <td valign="bottom" align="left" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">-</td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td valign="bottom" align="left" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">20,291</td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td valign="bottom" align="left" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">-</td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td valign="bottom" align="left" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">39,458</td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td valign="bottom" align="left" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">59,749</td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> </tr> <tr> <td style="padding-bottom: 2px;" valign="bottom" align="left" width="40%"> <div style="display: block; margin-left: 9pt; text-indent: 0pt; margin-right: 0pt;" align="left">Interest expense</div> </td> <td style="padding-bottom: 2px;" valign="bottom" width="1%">  </td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">  </td> <td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%">-</td> <td style="padding-bottom: 2px; text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td style="padding-bottom: 2px;" valign="bottom" width="1%">  </td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">  </td> <td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%">22,242</td> <td style="padding-bottom: 2px; text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td style="padding-bottom: 2px;" valign="bottom" width="1%">  </td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">  </td> <td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%">-</td> <td style="padding-bottom: 2px; text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td style="padding-bottom: 2px;" valign="bottom" width="1%">  </td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">  </td> <td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%">41,429</td> <td style="padding-bottom: 2px; text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td style="padding-bottom: 2px;" valign="bottom" width="1%">  </td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">  </td> <td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%">63,671</td> <td style="padding-bottom: 2px; text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> </tr> <tr> <td style="padding-bottom: 2px;" valign="bottom" width="40%">  </td> <td style="padding-bottom: 2px;" valign="bottom" width="1%">  </td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">  </td> <td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%">980,986</td> <td style="padding-bottom: 2px; text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td style="padding-bottom: 2px;" valign="bottom" width="1%">  </td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">  </td> <td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%">262,954</td> <td style="padding-bottom: 2px; text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td style="padding-bottom: 2px;" valign="bottom" width="1%">  </td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">  </td> <td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%">8,292</td> <td style="padding-bottom: 2px; text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td style="padding-bottom: 2px;" valign="bottom" width="1%">  </td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">  </td> <td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%">121,940</td> <td style="padding-bottom: 2px; text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td style="padding-bottom: 2px;" valign="bottom" width="1%">  </td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">  </td> <td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%">1,374,172</td> <td style="padding-bottom: 2px; text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> </tr> <tr> <td valign="bottom" width="40%">  </td> <td valign="bottom" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">  </td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td valign="bottom" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">  </td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td valign="bottom" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">  </td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td valign="bottom" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">  </td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td valign="bottom" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">  </td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> </tr> <tr> <td valign="bottom" align="left" width="40%"> <div style="display: block; margin-left: 9pt; text-indent: -9pt; margin-right: 0pt;" align="left">Income (loss) from continuing operations before equity in earnings of real estate entities, gains on disposition of real estate investments, net, casualty gain and foreign currency exchange gain</div> </td> <td valign="bottom" align="left" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">      486,811</td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td valign="bottom" align="left" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">(52,253</td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">)</td> <td valign="bottom" align="left" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">      6,809</td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td valign="bottom" align="left" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">(28,337</td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">)</td> <td valign="bottom" align="left" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">      413,030</td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> </tr> <tr> <td valign="bottom" width="40%">  </td> <td valign="bottom" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">  </td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td valign="bottom" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">  </td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td valign="bottom" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">  </td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td valign="bottom" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">  </td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td valign="bottom" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">  </td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> </tr> <tr> <td valign="bottom" align="left" width="40%"> <div style="display: block; margin-left: 9pt; text-indent: -9pt; margin-right: 0pt;" align="left">Equity in earnings of real estate entities</div> </td> <td valign="bottom" align="left" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">2,236</td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td valign="bottom" align="left" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">-</td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td valign="bottom" align="left" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">10,502</td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td valign="bottom" align="left" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">-</td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td valign="bottom" align="left" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">12,738</td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> </tr> <tr> <td valign="bottom" align="left" width="40%"> <div style="display: block; margin-left: 9pt; text-indent: -9pt; margin-right: 0pt;" align="left">Gains on disposition of real estate investments, net</div> </td> <td valign="bottom" align="left" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">-</td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td valign="bottom" align="left" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">-</td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td valign="bottom" align="left" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">-</td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td valign="bottom" align="left" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">2,547</td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td valign="bottom" align="left" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">2,547</td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> </tr> <tr> <td valign="bottom" align="left" width="40%"> <div style="display: block; margin-left: 9pt; text-indent: -9pt; margin-right: 0pt;" align="left">Casualty gain</div> </td> <td valign="bottom" align="left" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">2,665</td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td valign="bottom" align="left" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">-</td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td valign="bottom" align="left" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">-</td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td valign="bottom" align="left" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">-</td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td valign="bottom" align="left" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">2,665</td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> </tr> <tr> <td style="padding-bottom: 2px;" valign="bottom" align="left" width="40%"> <div style="display: block; margin-left: 9pt; text-indent: -9pt; margin-right: 0pt;" align="left">Foreign currency exchange gain</div> </td> <td style="padding-bottom: 2px;" valign="bottom" width="1%">  </td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">  </td> <td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%">-</td> <td style="padding-bottom: 2px; text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td style="padding-bottom: 2px;" valign="bottom" width="1%">  </td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">  </td> <td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%">58,444</td> <td style="padding-bottom: 2px; text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td style="padding-bottom: 2px;" valign="bottom" width="1%">  </td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">  </td> <td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%">-</td> <td style="padding-bottom: 2px; text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td style="padding-bottom: 2px;" valign="bottom" width="1%">  </td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">  </td> <td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%">-</td> <td style="padding-bottom: 2px; text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td style="padding-bottom: 2px;" valign="bottom" width="1%">  </td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">  </td> <td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%">58,444</td> <td style="padding-bottom: 2px; text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> </tr> <tr> <td valign="bottom" align="left" width="40%"> <div style="display: block; margin-left: 9pt; text-indent: -9pt; margin-right: 0pt;" align="left">Income (loss) from continuing operations</div> </td> <td valign="bottom" align="left" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">491,712</td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td valign="bottom" align="left" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">6,191</td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td valign="bottom" align="left" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">17,311</td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td valign="bottom" align="left" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">(25,790</td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">)</td> <td valign="bottom" align="left" width="1%">  </td> <td style="text-align: left;" valign="bottom" width="1%">  </td> <td style="text-align: right;" valign="bottom" width="9%">489,424</td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> </tr> <tr> <td style="padding-bottom: 2px;" valign="bottom" align="left" width="40%"> <div style="display: block; margin-left: 9pt; text-indent: -9pt; margin-right: 0pt;" align="left">Discontinued operations</div> </td> <td style="padding-bottom: 2px;" valign="bottom" width="1%">  </td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">  </td> <td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%">-</td> <td style="padding-bottom: 2px; text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td style="padding-bottom: 2px;" valign="bottom" width="1%">  </td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">  </td> <td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%">(1,081</td> <td style="padding-bottom: 2px; text-align: left;" valign="bottom" width="1%" nowrap="nowrap">)</td> <td style="padding-bottom: 2px;" valign="bottom" width="1%">  </td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">  </td> <td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%">-</td> <td style="padding-bottom: 2px; text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td style="padding-bottom: 2px;" valign="bottom" width="1%">  </td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">  </td> <td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%">(1,265</td> <td style="padding-bottom: 2px; text-align: left;" valign="bottom" width="1%" nowrap="nowrap">)</td> <td style="padding-bottom: 2px;" valign="bottom" width="1%">  </td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">  </td> <td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%">(2,346</td> <td style="padding-bottom: 2px; text-align: left;" valign="bottom" width="1%" nowrap="nowrap">)</td> </tr> <tr> <td style="padding-bottom: 4px;" valign="bottom" align="left" width="40%"> <div style="display: block; margin-left: 9pt; text-indent: -9pt; margin-right: 0pt;" align="left">Net income (loss)</div> </td> <td style="padding-bottom: 4px;" valign="bottom" width="1%">  </td> <td style="border-bottom: black 4px double; text-align: left;" valign="bottom" width="1%">$</td> <td style="border-bottom: black 4px double; text-align: right;" valign="bottom" width="9%">491,712</td> <td style="padding-bottom: 4px; text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td style="padding-bottom: 4px;" valign="bottom" width="1%">  </td> <td style="border-bottom: black 4px double; text-align: left;" valign="bottom" width="1%">$</td> <td style="border-bottom: black 4px double; text-align: right;" valign="bottom" width="9%">5,110</td> <td style="padding-bottom: 4px; text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td style="padding-bottom: 4px;" valign="bottom" width="1%">  </td> <td style="border-bottom: black 4px double; text-align: left;" valign="bottom" width="1%">$</td> <td style="border-bottom: black 4px double; text-align: right;" valign="bottom" width="9%">17,311</td> <td style="padding-bottom: 4px; text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> <td style="padding-bottom: 4px;" valign="bottom" width="1%">  </td> <td style="border-bottom: black 4px double; text-align: left;" valign="bottom" width="1%">$</td> <td style="border-bottom: black 4px double; text-align: right;" valign="bottom" width="9%">(27,055</td> <td style="padding-bottom: 4px; text-align: left;" valign="bottom" width="1%" nowrap="nowrap">)</td> <td style="padding-bottom: 4px;" valign="bottom" width="1%">  </td> <td style="border-bottom: black 4px double; text-align: left;" valign="bottom" width="1%">$</td> <td style="border-bottom: black 4px double; text-align: right;" valign="bottom" width="9%">487,078</td> <td style="padding-bottom: 4px; text-align: left;" valign="bottom" width="1%" nowrap="nowrap">  </td> </tr> </table> </div> <div style="display: block; text-indent: 0pt;"> </div> </div></div></div> </div> 11.           Segment Information    Our reportable segments reflect significant operating false false No definition available. No authoritative reference available. false false 1 2 false UnKnown UnKnown UnKnown false true