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  • Jason Tillberg: 
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  • Tillberg Capital Management, Inc.
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  • valueinvestingclass.com
  Revenues for the Same Store Facilities decreased 4.6% or $16.9 million in the quarter ended September 30, 2009 as compared to the same period in 2008, due to a 4.2% reduction in realized rent per occupied square foot, combined with a 1.0% reduction in average occupancies. Cost of operations for the Same Store Facilities declined 0.6% or $0.7 million in the quarter ended September 30, 2009 as compared to the same period in 2008. Net operating income for our Same Store Facilities decreased 6.3% or $16.2 million in the quarter ended September 30, 2009 as compared to the same period in 2008.
  
  This business, like the real economy, is disintigrating.

  Nov 05 06:33 PM | Link | Reply
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  • David White: 
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  Most companies have lost revenues in the last year. The results cited by Jason above don't sound too bad. I guess the people who have lost their homes to foreclosures have to put their possessions somewhere.

  Nov 06 12:06 AM | Link | Reply