Sovran Self Storage, Inc. (SSS) Misses Q1 EPS by 8c

Sovran Self Storage, Inc. (NYSE: SSS) reported Q1 EPS of $0.88, $0.08 worse than the analyst estimate of $0.96. Revenue for the quarter came in at $75.5 million versus the consensus estimate of $73.08 million.

David Rogers, the Company’s CEO, commented, “We had a strong first quarter. Our marketing and pricing strategies continue to attract customers who tend to stay with us for the long haul, and as a result we experienced fewer move-outs than we have in recent winters. This enabled us to maintain high occupancies throughout the slow leasing season and it set us up well for the busy months to come.”

For earnings history and earnings-related data on Sovran Self Storage, Inc. (SSS) click here.

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