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Last $89.05 USD
Change Today +0.31 / 0.35%
Volume 172.9K
SSS On Other Exchanges
Symbol
Exchange
New York
As of 8:04 PM 07/2/15 All times are local (Market data is delayed by at least 15 minutes).

sovran self storage inc (SSS) Snapshot

Open
$89.40
Previous Close
$88.74
Day High
$89.96
Day Low
$88.78
52 Week High
03/23/15 - $97.76
52 Week Low
09/16/14 - $73.59
Market Cap
3.2B
Average Volume 10 Days
226.7K
EPS TTM
$2.80
Shares Outstanding
35.6M
EX-Date
07/15/15
P/E TM
31.8x
Dividend
$3.40
Dividend Yield
3.21%
Current Stock Chart for SOVRAN SELF STORAGE INC (SSS)

sovran self storage inc (SSS) Related Businessweek News

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sovran self storage inc (SSS) Details

Sovran Self Storage, Inc. operates as a real estate investment trust (REIT). It engages in the acquisition, ownership, and management of self-storage properties in the United States. The company’s self-storage properties offer storage space to residential and commercial users, as well as offer outside storage for automobiles, recreational vehicles, and boats. As of February 15, 2007, it owned and managed 328 properties, consisting of approximately 20.3 million net rentable square feet in 22 states. Sovran Self Storage has elected to be treated as a REIT for federal income tax purposes and would not be subject to income tax to the extent it distributes at least 90% of taxable income to its stockholders. The company was founded in 1982 and is headquartered in Williamsville, New York.

1,378 Employees
Last Reported Date: 02/24/15
Founded in 1982

sovran self storage inc (SSS) Top Compensated Officers

Chief Executive Officer
Total Annual Compensation: $508.2K
President and Director
Total Annual Compensation: $508.2K
Executive Chairman
Total Annual Compensation: $508.2K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $262.5K
Chief Operating Officer
Total Annual Compensation: $262.5K
Compensation as of Fiscal Year 2014.

sovran self storage inc (SSS) Key Developments

Sovran Self Storage, Inc. Raises Quarterly Dividend Payable on July 27, 2015

The Board of Directors of Sovran Self Storage Inc. announced an increase in the Company’s quarterly common stock dividend from $0.75 per share to $0.85 per share or from $3.00 to $3.40 per share annualized. The increase is effective with the quarterly dividend to be paid on July 27, 2015 to shareholders of record on July 17, 2015.

Sovran Self Storage, Inc. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Provides Earnings Guidance for the Second Quarter of 2015; Revised Earnings Guidance for 2015

Sovran Self Storage Inc. announced unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the year, total operating revenues were $85,408,000 against $75,457,000 a year ago. Income from operations was $31,077,000 against $23,654,000 a year ago. Net income attributable to common shareholders was $22,451,000 against $16,673,000 a year ago. Earnings per common share attributable to common shareholders – basic and diluted were $0.65 against $0.51 a year ago. Funds from operations available to common shareholders were $36,919,000 against $28,691,000 a year ago. FFO per share – diluted was $1.07 against $0.88 a year ago. Adjusted funds from operations available to common shareholders were $37,643,000 against $31,946,000 a year ago. Adjusted FFO per share – diluted was $1.09 against $0.98 a year ago. Same store total operating revenues were $75,751,000 against $71,681,000 a year ago. Net operating income was $49,325,000 against $45,902,000 a year ago. Same-store revenues increased 5.7% over those of the first quarter of 2014. The growth was the result of a 100-basis-point increase in average occupancy and a 3.4% increase in rental rates. For the second quarter 2015, the company expects same-store revenue to increase between 5.0% - 6.0% over 2014, net operating income to increase between 6.5% to 7.5% over 2014. The company expects funds from operations to be between $1.21 per share and $1.23 per share for the second quarter of 2015. For the full year 2015, the company expects revenue to increase between 5.0% - 6.0% over 2014, net operating income to increase between 6.0% to 7.0% over 2014. The company increased forecast of funds from operations for the full year of 2015 to be between $4.79 per share and $4.85 per share.

Sovran Self Storage Seeks Acquisitions

Sovran Self Storage Inc. (NYSE:SSS) said it has assumed $100 million of accretive acquisitions in 2015 in addition to the $120 million purchase of the four properties it had been leasing.

 

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SSS Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Cousins Properties Inc $10.75 USD 0.00
CubeSmart $23.85 USD +0.04
EastGroup Properties Inc $57.05 USD +0.20
Lexington Realty Trust $8.46 USD -0.13
Pennsylvania Real Estate Investment Trust $21.91 USD +0.16
View Industry Companies
 

Industry Analysis

SSS

Industry Average

Valuation SSS Industry Range
Price/Earnings 31.8x
Price/Sales 9.8x
Price/Book 2.8x
Price/Cash Flow 21.4x
TEV/Sales 7.4x
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