| Business Summary | | Storage
USA,
Inc.
was
formed
to
acquire,
develop,
construct,
franchise,
and
own
and
operate
self-storage
facilities
throughout
the
United
States.
The
Company
is
the
second
largest
owner
and
operator
of
self-storage
space
in
the
United
States.
At
December
31,
2000,
the
Company
owned
409
facilities
containing
27.6
million
net
rentable
square
feet
and
managed
124
facilities
for
others
(including
59
franchises)
containing
an
additional
8.4
million
net
rentable
square
feet.
The
Company's
owned
and
managed
facilities
are
located
in
31
states
and
the
District
of
Columbia.
The
Company
is
structured
as
an
umbrella
partnership
real
estate
investment
trust,
commonly
referred
to
as
an
UPREIT,
in
which
substantially
all
of
its
business
is
conducted
through
SUSA
Partnership,
L.P. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Storage
USA,
Inc.
is
a
self-managed,
self-advised
real
estate
investment
trust
engaged
in
the
business
of
managing,
owning,
acquiring
and
developing
self-storage
facilities.
For
the
six
months
ended
6/30/01,
revenues
rose
13%
to
$142.7
million.
Net
income
rose
5%
to
$31.1
million.
Revenues
reflect
increased
realized
rents
and
higher
physical
occupancy
rates.
Earnings
were
partially
offset
by
higher
property
operations,
maintenance
and
depreciation
expenses. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Dean Jernigan, 55 Chairman,
CEO, Pres | $1.0M | Christopher Marr, 36 CFO | 559K | John McConomy, 51 Exec.
VP, Gen. Counsel, Sec. | 356K | Karl Haas, 49 Exec.
VP - Management | 354K | Francis Brown III, 37 Sr.
VP - E-Commerce | -- | 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
|
|