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Last $95.63 USD
Change Today -0.86 / -0.89%
Volume 152.2K
As of 8:04 PM 08/4/15 All times are local (Market data is delayed by at least 15 minutes).

sovran self storage inc (SSS) Snapshot

Open
$96.66
Previous Close
$96.49
Day High
$97.11
Day Low
$95.38
52 Week High
03/23/15 - $97.76
52 Week Low
09/16/14 - $73.59
Market Cap
3.4B
Average Volume 10 Days
184.7K
EPS TTM
$2.98
Shares Outstanding
35.8M
EX-Date
07/15/15
P/E TM
32.1x
Dividend
$3.40
Dividend Yield
3.17%
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 Mulls Acquisitions

Sovran Self Storage Inc. (NYSE:SSS) intends to pursue acquisitions. The company has assumed $85 million of accretive acquisitions for the remainder of 2015 in addition to the $209 million of acquisitions completed through June 30, 2015.

Sovran Self Storage, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Earnings Guidance for the Third Quarter and Full Year 2015

Sovran Self Storage Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported total operating revenues of $90.73 million compared to $80.44 million a year ago. Income from operations was $37.04 million compared to $29.12 million a year ago. Net income attributable to common shareholders was $28.53 million or $0.80 per diluted share compared to $20.58 million or $0.62 per diluted share a year ago. Adjusted funds from operations available to common shareholders was $44.17 million or $1.24 per diluted share compared to $35.58 million or $1.08 per diluted share a year ago. For the six months, the company reported total operating revenues of $176.13 million compared to $155.90 million a year ago. Income from operations was $68.11 million compared to $52.77 million a year ago. Net income attributable to common shareholders was $50.98 million or $1.45 per diluted share compared to $37.25 million or $1.14 per diluted share a year ago. Adjusted funds from operations available to common shareholders was $81.81 million or $2.33 per diluted share compared to $67.53 million or $2.06 per diluted share a year ago. The company provided earnings guidance for the third quarter and full year 2015. For the quarter, the company expects revenue in a range of 5.5% to 6.5%. Net operating income is expected to be in a range of 7.0% to 8.0%. For the full year 2015, the company expects revenue in a range of 5.5% to 6.5%. Net operating income is expected to be in a range of 6.5% to 7.5%. The company intends to spend up to $25 million to $30 million on its expansion and enhancement program. It has also budgeted $19 million to provide for recurring capitalized expenditures including roofing, paving, and office renovations. The company expects adjusted funds from operations for the full year 2015 to be approximately $4.83 to $4.89 per share, and between $1.29 and $1.31 per share for the third quarter of 2015.

Sovran Self Storage Inc. to Report Q2, 2015 Results on Jul 29, 2015

Sovran Self Storage Inc. announced that they will report Q2, 2015 results at 5:00 PM, Eastern Standard Time on Jul 29, 2015

 

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SSS Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Cousins Properties Inc $10.13 USD -0.16
CubeSmart $25.87 USD -0.28
EastGroup Properties Inc $59.99 USD -0.20
Lexington Realty Trust $8.72 USD +0.06
Pennsylvania Real Estate Investment Trust $21.49 USD -0.26
View Industry Companies
 

Industry Analysis

SSS

Industry Average

Valuation SSS Industry Range
Price/Earnings 32.4x
Price/Sales 10.6x
Price/Book 3.0x
Price/Cash Flow 21.8x
TEV/Sales 8.0x
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