| Business Summary | | Sovran
Self
Storage,
Inc.
is
a
self-administered
and
self-managed
real
estate
investment
trust
(REIT)
that
acquires,
owns
and
manages
self-storage
properties
(the
Properties).
As
of
March
15,
2001,
the
Company
owned
and
operated
222
Properties,
consisting
of
approximately
12.4
million
net
rentable
square
feet,
situated
in
21
states.
The
Company
also
manages
eight
Properties,
under
an
agreement
with
a
joint
venture,
consisting
of
.5
million
square
feet.
The
Company's
self-storage
facilities
offer
easily
accessible,
enclosed
storage
space
to
residential
and
commercial
users
on
a
month-to-month
basis.
Most
of
the
Company's
Properties
are
fenced
with
computerized
gates
and
are
well
lighted.
All
but
23
of
the
Properties
are
single-story,
thereby
providing
customers
with
the
convenience
of
direct
vehicle
access
to
their
storage
units. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Sovran
Self
Storage,
Inc.
is
a
self-administered
and
self-managed
real
estate
investment
trust,
owning
and
operating
222
self-storage
facilities
in
21
states.
For
the
six
months
ended
6/30/01,
total
revenues
rose
2%
to
$45.1
million.
Net
income
applicable
to
Common
fell
less
then
1%
to
$10.3
million.
Revenues
reflect
improved
performance
at
the
Company's
core
properties
and
income
from
joint
ventures.
Earnings
were
offset
by
increased
utility
and
employee
costs. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Robert Attea, 59 Chairman,
CEO | $325K | Kenneth Myszka, 52 Pres,
COO, Director | 325K | David Rogers, 45 CFO,
Sec. | 325K | Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|