XML 9 R54.htm IDEA: XBRL DOCUMENT v2.4.0.6
SEGMENT REPORTING (Details) (USD $)
In Thousands, unless otherwise specified
3 Months Ended 12 Months Ended 36 Months Ended
Dec. 31, 2011
Sep. 30, 2011
Jun. 30, 2011
Mar. 31, 2011
Dec. 31, 2010
Sep. 30, 2010
Jun. 30, 2010
Mar. 31, 2010
Dec. 31, 2011
reportable_segments
Dec. 31, 2010
Dec. 31, 2009
Dec. 31, 2011
Segment Reporting Information [Line Items]                        
Number of Reportable Segments                 5      
Revenues $ 38,213 $ 36,656 $ 37,845 $ 37,447 $ 36,044 $ 36,302 $ 33,997 $ 34,702 $ 150,161 $ 141,045 $ 134,445  
Property operating expenses and real estate taxes                 48,057 46,478 43,991  
Reserve for notes receivable                 0 0 1,734  
Abandonment of project costs                 0 0 2,487  
General and administrative expenses                 23,086 20,220 22,006  
Income before depreciation and amortization                 79,018 74,347 64,227  
Depreciation and amortization                 (32,986) (28,808) (27,612)  
Interest and other finance expense                 (37,109) (40,498) (35,632)  
Real estate at cost 1,471,745       1,305,561       1,471,745 1,305,561 1,119,758 1,471,745
Total assets 1,653,319       1,524,806       1,653,319 1,524,806 1,382,464 1,653,319
Expenditures for real estate and improvements                 181,498 80,520 127,322  
Other interest income                 276 408 642  
Equity in earnings (losses) of unconsolidated affiliates                 1,555 10,971 (1,529)  
Impairment of investment in unconsolidated affiliate                 0 0 (3,768)  
Gain on debt extinguishment                 1,268 0 7,057  
Income tax provision                 474 2,890 1,541  
Gain from bargain purchase                 0 33,805 0  
Impairment of asset                 (6,925) 0 0  
Gain on sale of property                 46,830 0 7,143 53,973
Income from discontinued operations                 2,262 3,332 3,719  
Net income                 53,715 50,667 12,706  
Net (income) loss attributable to noncontrolling interests                 (2,160) (20,610) 18,427  
Net income attributable to Common Shareholders 7,887 4,011 30,234 9,423 7,012 5,117 12,798 5,130 51,555 30,057 31,133  
Core Portfolio [Member]
                       
Segment Reporting Information [Line Items]                        
Revenues                 57,994 57,084 64,249  
Property operating expenses and real estate taxes                 17,087 17,236 19,282  
Reserve for notes receivable                     0  
Abandonment of project costs                     12  
General and administrative expenses                 24,226 22,439 23,983  
Income before depreciation and amortization                 16,681 17,409 20,972  
Depreciation and amortization                 (14,206) (13,798) (14,595)  
Interest and other finance expense                 (15,967) (18,036) (19,539)  
Real estate at cost 499,872       441,714       499,872 441,714 436,071 499,872
Total assets 633,345       574,497       633,345 574,497 558,240 633,345
Expenditures for real estate and improvements                 72,571 4,137 3,161  
Opportunity Funds [Member]
                       
Segment Reporting Information [Line Items]                        
Revenues                 55,888 42,062 37,375  
Property operating expenses and real estate taxes                 18,952 17,671 14,874  
Reserve for notes receivable                     0  
Abandonment of project costs                     2,475  
General and administrative expenses                 16,678 13,588 13,593  
Income before depreciation and amortization                 20,258 10,803 6,433  
Depreciation and amortization                 (15,454) (10,898) (10,480)  
Interest and other finance expense                 (16,546) (18,244) (10,657)  
Real estate at cost 773,562       667,179       773,562 667,179 486,032 773,562
Total assets 901,758       772,715       901,758 772,715 607,706 901,758
Expenditures for real estate and improvements                 107,231 77,309 116,734  
Self Storage Investments [Member]
                       
Segment Reporting Information [Line Items]                        
Revenues                 23,189 21,314 11,166  
Property operating expenses and real estate taxes                 14,435 13,107 10,985  
Reserve for notes receivable                     0  
Abandonment of project costs                     0  
General and administrative expenses                 0 0 0  
Income before depreciation and amortization                 8,754 8,207 181  
Depreciation and amortization                 (4,221) (4,552) (3,762)  
Interest and other finance expense                 (3,603) (4,660) (5,681)  
Real estate at cost 213,743       210,017       213,743 210,017 208,702 213,743
Total assets 192,154       194,003       192,154 194,003 196,658 192,154
Expenditures for real estate and improvements                 3,779 1,376 10,996  
Notes Receivable [Member]
                       
Segment Reporting Information [Line Items]                        
Revenues                 11,429 19,161 19,698  
Property operating expenses and real estate taxes                 0 0 0  
Reserve for notes receivable                     1,734  
Abandonment of project costs                     0  
General and administrative expenses                 0 0 0  
Income before depreciation and amortization                 11,429 19,161 17,964  
Depreciation and amortization                 0 0 0  
Interest and other finance expense                 0 0 0  
Real estate at cost 0       0       0 0 0 0
Total assets 59,989       89,202       59,989 89,202 125,221 59,989
Expenditures for real estate and improvements                 0 0 0  
Other [Member]
                       
Segment Reporting Information [Line Items]                        
Revenues                 25,782 22,479 23,265  
Property operating expenses and real estate taxes                 0 0 0  
Reserve for notes receivable                     0  
Abandonment of project costs                     0  
General and administrative expenses                 0 0 0  
Income before depreciation and amortization                 25,782 22,479 23,265  
Depreciation and amortization                 0 0 0  
Interest and other finance expense                 0 0 0  
Real estate at cost 0       0       0 0 0 0
Total assets 0       0       0 0 0 0
Expenditures for real estate and improvements                 0 0 0  
Amounts Eliminated in Consolidation [Member]
                       
Segment Reporting Information [Line Items]                        
Revenues                 (24,121) (21,055) (21,308)  
Property operating expenses and real estate taxes                 (2,417) (1,536) (1,150)  
Reserve for notes receivable                     0  
Abandonment of project costs                     0  
General and administrative expenses                 (17,818) (15,807) (15,570)  
Income before depreciation and amortization                 (3,886) (3,712) (4,588)  
Depreciation and amortization                 895 440 1,225  
Interest and other finance expense                 (993) 442 245  
Real estate at cost (15,432)       (13,349)       (15,432) (13,349) (11,047) (15,432)
Total assets (133,927)       (105,611)       (133,927) (105,611) (105,361) (133,927)
Expenditures for real estate and improvements                 $ (2,083) $ (2,302) $ (3,569)