February 18
Sovran Self Storage Takes 4 Quarter Hit
Sovran Self Storage has reported a 21.4% decrease for price per share dollar amounts. Net income available for shareholders at the end of the 2008 4th quarter, was 8.4 million, or 38 cents per share. in 2007, the company reported a 50 cent per share price. Sovran representatives say this decrease in income may be due to higher finance costs and increased customer incentives.
They are hoping to boost leasing incentives in order to generate more customers in 2009.