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Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2014
Dec. 31, 2013
Investment in storage facilities:    
Land $ 346,052 $ 312,053
Building, equipment, and construction in progress 1,617,007 1,552,584
Real estate investment property, at cost, total 1,963,059 1,864,637
Less: accumulated depreciation (377,685) (366,472)
Investment in storage facilities, net 1,585,374 1,498,165
Cash and cash equivalents 6,260 9,524
Accounts receivable 4,774 5,119
Receivable from unconsolidated joint ventures 860 883
Investment in unconsolidated joint ventures 30,199 30,391
Prepaid expenses 7,594 5,978
Fair value of interest rate swap agreements 580 794
Other assets 7,367 11,021
Total Assets 1,643,008 1,561,875
Liabilities    
Line of credit 115,000 49,000
Term notes 575,000 575,000
Accounts payable and accrued liabilities 27,095 37,741
Deferred revenue 7,589 6,708
Fair value of interest rate swap agreements 9,233 7,523
Mortgages payable 2,223 2,254
Total Liabilities 736,140 678,226
Noncontrolling redeemable Operating Partnership Units at redemption value 14,535 12,940
Shareholders' Equity    
Common stock $.01 par value, 100,000,000 shares authorized, 32,938,654 shares issued and outstanding at March 31, 2014 (32,532,991 at December 31, 2013) 341 337
Additional paid-in capital 1,097,014 1,066,399
Dividends in excess of net income (169,516) (162,450)
Accumulated other comprehensive loss (8,331) (6,402)
Treasury stock at cost, 1,171,886 shares (27,175) (27,175)
Total Shareholders' Equity 892,333 870,709
Total Liabilities and Shareholders' Equity $ 1,643,008 $ 1,561,875