XML 21 R47.htm IDEA: XBRL DOCUMENT v2.4.0.6
SEGMENT REPORTING (Details) (USD $)
In Thousands, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
reportable_segments
Jun. 30, 2011
Dec. 31, 2011
Segment Reporting Information [Line Items]          
Number of Reportable Segments (in segments)     5    
Revenues $ 42,426 $ 37,528 $ 81,601 $ 74,793  
Property operating expenses and real estate taxes 13,448 11,823 26,242 23,389  
General and administrative 5,217 5,699 11,150 11,389  
Income before depreciation and amortization and interest and other finance expense 23,761 20,006 44,209 40,015  
Depreciation and amortization 10,147 8,301 19,215 15,870  
Interest and other finance expense 8,747 8,855 17,333 17,758  
Real estate at cost 1,681,357 1,414,158 1,681,357 1,414,158  
Total assets 1,854,264 1,599,601 1,854,264 1,599,601 1,653,319
Expenditures for redevelopment and improvements 21,622 13,878 41,705 27,103  
Acquisition of real estate 62,426 64,815 111,115 64,815  
Other interest income 22 80 76 114  
Equity in earnings (losses) of unconsolidated affiliates 4,591 63 4,535 (85)  
Income tax provision 1,039 233 1,234 495  
(Loss) Gain on debt extinguishment 0 (102) 0 1,571  
Income from discontinued operations (67) 6,193 (293) 5,297  
Gain on sale of property 2,668 28,576 2,668 32,498  
Net income 11,176 25,041 13,999 34,693  
Net (income) loss attributable to noncontrolling interests (4,337) 5,193 (3,150) 4,964  
Net income attributable to Common Shareholders 6,839 30,234 10,849 39,657  
Core Portfolio
         
Segment Reporting Information [Line Items]          
Revenues 17,003 14,122 32,279 28,541  
Property operating expenses and real estate taxes 4,468 4,173 9,002 8,467  
General and administrative 5,774 6,058 12,135 11,957  
Income before depreciation and amortization and interest and other finance expense 6,761 3,891 11,142 8,117  
Depreciation and amortization 4,495 3,671 8,242 6,928  
Interest and other finance expense 3,721 4,144 7,074 8,350  
Real estate at cost 632,084 477,573 632,084 477,573  
Total assets 750,634 632,506 750,634 632,506  
Expenditures for redevelopment and improvements 12,778 3,323 19,984 4,708  
Acquisition of real estate 50,689 33,215 66,878 33,215  
Opportunity Funds
         
Segment Reporting Information [Line Items]          
Revenues 16,555 14,104 31,870 26,448  
Property operating expenses and real estate taxes 6,618 4,829 12,302 9,368  
General and administrative 4,206 2,523 7,452 6,002  
Income before depreciation and amortization and interest and other finance expense 5,731 6,752 12,116 11,078  
Depreciation and amortization 4,764 3,857 9,195 7,328  
Interest and other finance expense 4,018 3,379 8,166 7,028  
Real estate at cost 850,229 739,844 850,229 739,844  
Total assets 974,287 841,713 974,287 841,713  
Expenditures for redevelopment and improvements 8,216 9,516 20,958 21,186  
Acquisition of real estate 11,737 31,600 44,237 31,600  
Self Storage Investments
         
Segment Reporting Information [Line Items]          
Revenues 6,350 5,646 12,447 10,981  
Property operating expenses and real estate taxes 3,107 3,498 6,467 6,676  
General and administrative 0 0 0 0  
Income before depreciation and amortization and interest and other finance expense 3,243 2,148 5,980 4,305  
Depreciation and amortization 1,138 1,070 2,252 2,019  
Interest and other finance expense 888 874 1,764 1,953  
Real estate at cost 215,367 210,997 215,367 210,997  
Total assets 192,194 192,713 192,194 192,713  
Expenditures for redevelopment and improvements 815 1,671 1,654 2,116  
Acquisition of real estate 0 0 0 0  
Notes Receivable
         
Segment Reporting Information [Line Items]          
Revenues 2,155 3,370 4,210 7,921  
Property operating expenses and real estate taxes 0 0 0 0  
General and administrative 0 0 0 0  
Income before depreciation and amortization and interest and other finance expense 2,155 3,370 4,210 7,921  
Depreciation and amortization 0 0 0 0  
Interest and other finance expense 0 0 0 0  
Real estate at cost 0 0 0 0  
Total assets 88,712 45,457 88,712 45,457  
Expenditures for redevelopment and improvements 0 0 0 0  
Acquisition of real estate 0 0 0 0  
Other
         
Segment Reporting Information [Line Items]          
Revenues 6,140 4,751 11,799 11,225  
Property operating expenses and real estate taxes 0 0 0 0  
General and administrative 0 0 0 0  
Income before depreciation and amortization and interest and other finance expense 6,140 4,751 11,799 11,225  
Depreciation and amortization 0 0 0 0  
Interest and other finance expense 0 0 0 0  
Real estate at cost 0 0 0 0  
Total assets 0 0 0 0  
Expenditures for redevelopment and improvements 0 0 0 0  
Acquisition of real estate 0 0 0 0  
Amounts Eliminated in Consolidation
         
Segment Reporting Information [Line Items]          
Revenues (5,777) (4,465) (11,004) (10,323)  
Property operating expenses and real estate taxes (745) (677) (1,529) (1,122)  
General and administrative (4,763) (2,882) (8,437) (6,570)  
Income before depreciation and amortization and interest and other finance expense (269) (906) (1,038) (2,631)  
Depreciation and amortization (250) (297) (474) (405)  
Interest and other finance expense 120 458 329 427  
Real estate at cost (16,323) (14,256) (16,323) (14,256)  
Total assets (151,563) (112,788) (151,563) (112,788)  
Expenditures for redevelopment and improvements (187) (632) (891) (907)  
Acquisition of real estate $ 0 $ 0 $ 0 $ 0