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Discontinued Operations
 3 Months Ended
Mar. 31, 2014
Discontinued Operations And Disposal Groups [Abstract]  
Discontinued Operations
5. DISCONTINUED OPERATIONS

In the 4th quarter of 2013, the Company sold four non-strategic storage facilities in Florida (2), Ohio (1), and Virginia (1) for net proceeds of approximately $11.7 million resulting in a gain of approximately $2.4 million. The operations of these facilities are reported as discontinued operations. Cash flows of discontinued operations have not been segregated from the cash flows of continuing operations on the accompanying consolidated statement of cash flows for the three months ended March 31, 2013. The following is a summary of the amounts reported as discontinued operations:

 

(dollars in thousands)

    Jan. 1, 2014
to
Mar. 31, 2014		      Jan. 1, 2013
to
Mar. 31, 2013		  

Total revenue

    $  —        $ 456  

Property operations and maintenance expense

      —          (158 )

Real estate tax expense

      —          (41 )

Depreciation and amortization expense

      —          (89 )

Net realized gain on sale of property

      —          —    
  

 

 

     

 

 

  

Total income from discontinued operations

    $  —        $ 168  
  

 

 

     

 

 

  

 

Income from continuing operations attributable to common shareholders was $16.7 million and $14.1 million for the three months ended March 31, 2014, and 2013, respectively. Income from discontinued operations attributable to common shareholders was $0 and $0.2 million for the three months ended March 31, 2014, and 2013, respectively.