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PRO FORMA FINANCIAL INFORMATION
6 Months Ended
Jun. 30, 2015
PRO FORMA FINANCIAL INFORMATION  
PRO FORMA FINANCIAL INFORMATION

15. PRO FORMA FINANCIAL INFORMATION

 

During the six months ended June 30, 2015 and the year ended December 31, 2014, the Company acquired eleven self-storage facilities for an aggregate purchase price of approximately $93.0 million (see note 4) and 53 self-storage facilities for an aggregate purchase price of approximately $568.2 million, respectively.

 

The condensed consolidated pro forma financial information set forth below reflects adjustments to the Company’s historical financial data to give effect to each of the acquisitions and related financing activity (including the issuance of common shares) that occurred during 2015 and 2014 as if each had occurred as of January 1, 2014 and 2013, respectively. The unaudited pro forma information presented below does not purport to represent what the Company’s actual results of operations would have been for the periods indicated, nor does it purport to represent the Company’s future results of operations.

 

The following table summarizes, on a pro forma basis, the Company’s consolidated results of operations for the six months ended June 30, 2015 and 2014 based on the assumptions described above:

 

 

 

 

 

 

 

 

 

 

 

Six Months Ended June 30, 

 

 

    

2015

    

2014

 

 

 

(in thousands, except per share data)

 

 

 

 

 

 

 

 

 

Pro forma revenue

 

$

215,466

 

$

202,565

 

Pro forma income from continuing operations

 

$

39,704

 

$

20,774

 

Earnings per common share from continuing operations:

 

 

 

 

 

 

 

Basic - as reported

 

$

0.12

 

$

0.06

 

Diluted - as reported

 

$

0.11

 

$

0.06

 

Basic - as pro forma

 

$

0.22

 

$

0.12

 

Diluted - as pro forma

 

$

0.22

 

$

0.12