14. PRO FORMA FINANCIAL INFORMATION

During the six months ended June 30, 2013 and 2012, the Company acquired ten self-storage facilities for an aggregate purchase price of approximately $94.4 million (see note 4) and 37 self-storage facilities for an aggregate purchase price of approximately $432.3 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 2013 and 2012 as if each had occurred as of January 1, 2012 and 2011, 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, 2013 and 2012 based on the assumptions described above:

	Six Months Ended June 30,
	2013		2012
	(in thousands, except per share data)
Pro forma revenue	$	164,656	$	145,949
Pro forma net income (loss) from continuing operations	$	5,153	$	(7,718	)
Net income (loss) per common share from continuing operations
Basic and diluted - as reported	$	(0.01)	$	(0.10	)
Basic and diluted - as pro forma	$	0.04	$	(0.06	)

The following table summarizes the Company’s revenue and earnings related to the 2013 and 2012 acquisitions from the respective acquisition dates in the period they were acquired, included in the consolidated income statement for the three and six months ended June 30, 2013 and 2012:

	Three months ended June 30,				Six months ended June 30,
	2013		2012		2013		2012
	(in thousands)
Total revenue	$	755	$	2,832	$	788	$	3,672
Net loss	(582)		(1,741)		(634)		(2,110)