February 18

Sovran Self Storage Takes 4 Quarter Hit

Posted by Amanda
Filed under Self Storage News |

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.

This entry was posted on Wednesday, February 18th, 2009 at 11:25 am and is filed under Self Storage News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

Leave a Reply