text: **2013 Financial Overview**
  
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              [html]<thead><tr><tdrowspan="2"></td><tdcolspan="3">Total Portfolio</td><tdcolspan="3">Same Store</td><tdcolspan="3">Non Same Store</td></tr><tr><td>2013</td><td>2012</td><td>% Change</td><td>2013</td><td>2012</td><td>% Change</td><td>2013</td><td>2012</td><td>% Change</td></tr></thead><tbody><tr><td>Property revenue</td><td>$ 141.112</td><td>$ 133.641</td><td>5.6 %</td><td>$ 121.530</td><td>$ 119.390</td><td>1.8 %</td><td>$ 19.582</td><td>$ 14.251</td><td>37.4 %</td></tr><tr><td>Property expenses</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Operating expenses</td><td>( 23.611 )</td><td>( 22.713 )</td><td>4.0 %</td><td>( 20.313 )</td><td>( 20.250 )</td><td>0.3 %</td><td>( 3.298 )</td><td>( 2.463 )</td><td>33.9 %</td></tr><tr><td>Utility and fuel expenses</td><td>( 18.403 )</td><td>( 15.915 )</td><td>15.6 %</td><td>( 16.189 )</td><td>( 14.225 )</td><td>13.8 %</td><td>( 2.214 )</td><td>( 1.690 )</td><td>31.0 %</td></tr><tr><td>Property taxes</td><td>( 16.058 )</td><td>( 14.569 )</td><td>10.2 %</td><td>( 13.902 )</td><td>( 13.519 )</td><td>2.8 %</td><td>( 2.156 )</td><td>( 1.050 )</td><td>105.3 %</td></tr><tr><td>Total property expenses</td><td>( 58.072 )</td><td>( 53.197 )</td><td>9.2 %</td><td>( 50.404 )</td><td>( 47.994 )</td><td>5.0 %</td><td>( 7.668 )</td><td>( 5.203 )</td><td>47.4 %</td></tr><tr><td>NOI</td><td>$ 83.040</td><td>$ 80.444</td><td>3.2 %</td><td>$ 71.126</td><td>$ 71.396</td><td>( 0.4 )%</td><td>$ 11.914</td><td>S9.048</td><td>31.7 %</td></tr><tr><td>Operating margin</td><td>58.8 %</td><td>60.2 %</td><td>( 2.3 )%</td><td>58.5 %</td><td>59.8 %</td><td>( 2.2 )%</td><td>60.8 %</td><td>63.5 %</td><td>( 4.3 )%</td></tr></tbody>
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