During the quarter, the Company was awarded eight new management contracts for properties located predominantly in the Southeast. At December 31, 2012, following the Company's acquisition of two facilities from the third-party management platform and the removal of five others due to sale, the Company managed for third parties 133 properties totaling 8.0 million square feet.
The Company's same-store pool at December 31, 2012 represented 313 facilities containing approximately 20.7 million rentable square feet and included approximately 81.1% of the aggregate rentable square feet of the Company's 381 owned facilities. These same-store facilities represent approximately 72.8% of property net operating income for the quarter ended December 31, 2012.
Same-store physical occupancy at period end for the fourth quarter of 2012 was 84.6%, compared with 79.1% for the same quarter of last year. Same-store net rental income for the fourth quarter of 2012 increased 3.9%, same-store total revenues increased 5.2%, and same-store operating expenses increased 1.2% from the same quarter in 2011. Same-store net operating income increased 7.4%, as compared with the same period in 2011.
For the year ended December 31, 2012, same-store net rental income increased 2.8%, same-store total revenues increased 3.8%, same-store operating expenses decreased 0.1%, and same-store net operating income increased 6.0%, as compared with the year ended December 31, 2011.
Total revenues increased $16.0 million and total property operating expenses increased $4.6 million in the fourth quarter of 2012, as compared with the same period in 2011. Increases in total revenues are primarily attributable to increased occupancy levels in the same-store portfolio and revenues generated from property acquisitions. Increases in total property operating expenses are attributable to the impact of newly acquired properties and an increase in same-store expenses, which was largely driven by increased advertising costs.
Interest expense increased from $8.6 million in the fourth quarter of 2011 to $11.0 million in the current period due to a higher amount of outstanding debt, primarily resulting from debt assumed and drawn in conjunction with the Storage Deluxe and other acquisitions and offset by lower interest rates on the Credit Facility in the 2012 period as compared with the 2011 period.
The Company's fourth quarter results include income of $0.1 million from discontinued operations as of December 31, 2012, and $3.4 million of gains on disposition of discontinued operations. These relate to the sale of 11 properties during the quarter.
The Company reported a net loss attributable to the Company's common shareholders of $0.02 million, or $0.00 per common share, in the fourth quarter of 2012, compared with a net loss attributable to the Company's common shareholders of $9.2 million, or $0.08 per common share, in the fourth quarter of 2011.
For the year ended December 31, 2012, the Company reported a net loss attributable to the Company's common shareholders of $4.2 million, or $0.03 per common share, compared with a net loss attributable to the Company's common shareholders of $1.6 million, or $0.02 per common share, for the year ended December 31, 2011.
The Company's 381 owned facilities, containing 25.5 million rentable square feet, had a physical occupancy at December 31, 2012 of 84.4%.
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