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Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Revenues        
Rental income $ 83,487 $ 74,394 $ 162,373 $ 144,347
Other operating income 7,239 6,050 13,761 11,555
Total operating revenues 90,726 80,444 176,134 155,902
Expenses        
Property operations and maintenance 19,486 17,993 40,046 36,478
Real estate taxes 9,145 8,055 18,064 16,121
General and administrative 9,686 8,864 19,092 17,400
Acquisition costs 788 1,938 1,369 4,716
Operating leases of storage facilities   1,997 683 3,994
Depreciation and amortization 14,584 12,481 28,766 24,423
Total operating expenses 53,689 51,328 108,020 103,132
Income from operations 37,037 29,116 68,114 52,770
Other income (expenses)        
Interest expense (9,216) (8,872) (18,377) (16,216)
Interest income 2 24 4 31
Loss on sale of storage facility     (7)  
Equity in income of joint ventures 853 433 1,499 892
Net income 28,676 20,701 51,233 37,477
Net income attributable to noncontrolling interest (144) (125) (250) (228)
Net income attributable to common shareholders $ 28,532 $ 20,576 $ 50,983 $ 37,249
Earnings per common share attributable to common shareholders - basic $ 0.81 $ 0.63 $ 1.46 $ 1.14
Earnings per common share attributable to common shareholders - diluted $ 0.80 $ 0.62 $ 1.45 $ 1.14
Common shares used in basic earnings per share calculation 35,377,694 32,799,837 34,853,731 32,591,917
Common shares used in diluted earnings per share calculation 35,603,020 32,979,708 35,078,946 32,759,069
Dividends declared per common share $ 0.75 $ 0.68 $ 1.50 $ 1.36