Key Developments: Sovran Self Storage Inc (SSS.N)
68.56USD
24 May 2013
$0.76 (+1.12%)
$67.80
$67.63
$68.86
$67.20
27,723
70,171
$71.44
$47.43
Latest Key Developments (Source: Significant Developments)
Sovran Self Storage Inc Raises FY 2013 FFO Guidance; Issues Q2 2013 FFO Guidance In Line With Analysts' Estimates-Conference Call
Sovran Self Storage Inc announced that guidance assumes a weighted average diluted share count of 31.4 million shares for the remainder of fiscal 2013 which includes the 822,000 common shares issues during Q1 through the ATM. As a result of the above assumptions, the Company are increasing guidance and are forecasting funds from operations (FFO) for fiscal 2013 at between $3.54 and $3.58 per share and between $0.88 and $0.90 per share for the second quarter of 2013. According to I/B/E/S Estimates, analysts are expecting the Company to report FFO of $3.51 for fiscal 2013; FFO of $0.88 for the second quarter of 2013. Full Article
Sovran Self Storage Inc Announces Dividend On Common Stock
Sovran Self Storage Inc announced that the Company's quarterly dividend of $0.48 per share of common stock. The annualized dividend of Sovran Self Storage, Inc. is $1.92 per share which, based on closing share price, equates to an annual rate of approximately 3.0%. The dividend will be paid on April 26, 2013 to Shareholders of record on April 12, 2013. Full Article
Sovran Self Storage Inc Issues Q1, FY 2013 FFO Guidance Below Analysts' Estimates
Sovran Self Storage Inc announced that for the first quarter of 2013, it expects funds from operations (FFO) to be in the range of between $0.80 and $0.82 per share. For fiscal 2013, it expects funds from operations to be approximately $3.46 to $3.50 per share. According to I/B/E/S Estimates, analysts are expecting the Company to report FFO of $3.51 for fiscal 2013; FFO of $0.84 for the first quarter of 2013. Full Article
Sovran Self Storage Inc Announces Increase In Quarterly Dividend
Sovran Self Storage Inc announced that an increase in the Company's quarterly dividend from $0.45 per share to $0.48 per share or $1.80 to $1.92 annualized. The increase is effective with the fourth quarter 2012 dividend and will be paid on January 28, 2013 to Shareholders of record on January 14, 2013. Full Article
Sovran Self Storage Inc Comments On FY, Q4 2012 Guidance
Sovran Self Storage Inc announced that for the fourth quarter of 2012, it expects revenue to grow in 7.5%-8.5%, net operating income to grow in 8.0%-10.0%. For fiscal 2012, it expects revenue to grow in 5.5%-6.5%, net operating income to grow in 9.0%-10.0%. The Company expects funds from operations (excluding acquisition costs) for fiscal 2012 to be approximately $3.25 to $3.27 per share, and between $0.80 and $0.82 per share for the fourth quarter of 2012. Full Article
Sovran Self Storage Inc Announces Dividend On Common Stock
Sovran Self Storage Inc announced the Company’s quarterly dividend of $0.45 per share of common stock. The dividend will be paid on October 26, 2012 to Shareholders of record on October 11, 2012. Full Article
Sovran Self Storage Inc Announces Acquisition Of Nine Self Storage Facilities
Sovran Self Storage Inc announced the acquisition of nine self storage facilities for a combined purchase price of $54.7 million. The acquisitions were funded through the Company’s at-the-market equity program, advances on its line of credit, and operating cash flow. The properties are located in markets where the Company already has a presence, including four Atlanta, GA self storage facilities; three in Jacksonville, FL; one in Raleigh, NC; and one in Chicago, IL. The properties total over 770,000 square feet of rental space. Each of the storage facilities will be rebranded under the Uncle Bob’s Self Storage name and fully integrated into the Company’s operating platforms. Full Article
Sovran Self Storage Inc Announces Sale Of Twelve Assets
Sovran Self Storage Inc announced the sale of 12 storage facilities. The properties, located in Houston and Dallas, TX, encompass approximately 900,000 NRSF. Proceeds from the sale were $35.5 million. Full Article
Sovran Self Storage, Inc. Raises FY 2012 FFO Guidance; Issues Q3 2012 FFO Guidance Above Analysts' Estimates
Sovran Self Storage, Inc. announced that for fiscal 2012, it expects funds from operations (FFO) to be approximately $3.15-$3.19 per share. For third quarter of 2012, it expects FFO between $0.81-$0.83 per share. According to I/B/E/S Estimates, analysts are expecting the Company to report FFO of $3.11 for fiscal 2012; FFO of $0.80 for third quarter of 2012. Full Article
Sovran Self Storage, Inc. Announces Dividend On Common Stock
Sovran Self Storage, Inc. announced the Company`s quarterly dividend of $0.45 per share of common stock. The dividend will be paid on July 26, 2012 to Shareholders of record on July 12, 2012. Full Article
TEXT - Fitch affirms Sovran Self Storage
Dec 13 - Fitch Ratings has affirmed the credit ratings of Sovran Self Storage, Inc. (NYSE: SSS) and its operating partnership, Sovran Acquisition L.P. (collectively, Sovran or the company) including the Issuer Default Rating (IDR) at 'BBB-'. Fitch also withdrew the indicative preferred rating as it is no longer considered to be relevant to the agency's coverage and combined the unsecured term notes and term loans ratings (as the company no longer references them separately). The affirmation
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