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Consolidated Statements of Income (Unaudited) (USD $)
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
REVENUES:        
Self-storage rental income $ 601,779 $ 569,193 $ 1,153,255 $ 1,150,018
Ancillary operating revenue 51,228 46,830 107,192 92,217
Interest and other income 0 14 9 28
TOTAL 653,007 616,037 1,260,456 1,242,263
EXPENSES:        
Depreciation 5,915 7,640 19,184 11,263
Operating 328,951 302,526 592,081 574,735
General and administrative 95,142 75,527 190,018 192,735
General partners' incentive management fee 19,007 20,927 36,446 41,854
Property management fee 33,288 30,580 66,663 63,326
Total 482,303 437,200 904,392 883,913
NET INCOME 170,704 178,837 356,064 358,350
LESS: net income attributable to the non-controlling interest 22,013 12,974 36,140 30,048
NET INCOME ATTRIBUTABLE TO THE PARTNERSHIP 148,691 165,863 319,924 328,302
NET INCOME ATTRIBUTABLE TO THE PARTNERSHIP ALLOCATED TO:        
General partners 1,487 1,659 3,199 3,283
Limited partners 147,204 164,204 316,725 325,019
TOTAL $ 148,691 $ 165,863 $ 319,924 $ 328,302
Weighted average limited partnership units outstanding 30,693 30,693 30,693 30,693
NET INCOME ATTRIBUTABLE TO THE PARTNERSHIP PER LIMITED PARTNERSHIP UNIT $ 4.8 $ 5.35 $ 10.32 $ 10.59