Sovran Self Storage (SSS) 100.73 $SSS
Correction: Fitch Rates Sovran's Inaugural Public Bond due 2026 'BBB'; Ratings on Negative Watch
BusinessWire - Tue Jul 26, 2:16PM CDT
This is a correction of a release published on June 16, 2016. It includes a Summary of Financial Statement Adjustments, which was omitted from the original release.
SSS: 100.73 (-2.06)
Fitch Rates Sovran's $200MM Term Notes due 2028 'BBB'; Ratings on Negative Watch
BusinessWire - Tue Jul 26, 9:18AM CDT
Fitch Ratings has assigned a 'BBB' rating to the $200 million 3.67% senior unsecured notes due 2028 issued by Sovran Acquisition Limited Partnership, the operating partnership of Sovran Self Storage, Inc. (NYSE: SSS; collectively Sovran) 'BBB'. Sovran Self Storage, Inc. will guarantee the notes.
SSS: 100.73 (-2.06)
Sovran Self Storage, Inc. to Rebrand as Life Storage(R)
BusinessWire - Mon Jul 18, 7:55AM CDT
Sovran Self Storage, Inc., (NYSE:SSS), a self storage real estate investment trust (REIT), announced today that it will rebrand the 563 storage facilities it presently operates as "Uncle Bob's Self Storage(R)" to "Life Storage(R)". The Company also plans to change its corporate name from "Sovran Self Storage, Inc." to "Life Storage, Inc." and its ticker symbol on the New York Stock Exchange from SSS to LSI. These changes are expected to occur in mid-August, 2016.
SSS: 100.73 (-2.06), SELF: 5.56 (+0.01)
Sovran Self Storage, Inc. Acquires LifeStorage
BusinessWire - Mon Jul 18, 7:50AM CDT
Sovran Self Storage, Inc., (NYSE:SSS), a self storage real estate investment trust (REIT) ("Sovran" or the "Company"
, announced today that it has completed its acquisition of LifeStorage, LP ("LifeStorage", a privately-owned self storage operator, for a purchase price of approximately $1.3 billion. The purchase was funded primarily with the proceeds of a 6.9 million share common stock offering the Company completed in May 2016, and a June 2016 sale of $600 million of 10 year notes with an interest rate of 3.5%.
SSS: 100.73 (-2.06)
Ex-Dividend Reminder: Sovran Self Storage, FelCor Lodging Trust and Synnex
DividendChannel.com - Mon Jul 11, 9:30AM CDT
Looking at the universe of stocks we cover at Dividend Channel, on 7/13/16, Sovran Self Storage Inc , FelCor Lodging Trust Inc , and Synnex Corp will all trade ex-dividend for their respective upcoming dividends. Sovran Self Storage Inc will pay...
SSS: 100.73 (-2.06)
Fitch Rates Sovran's Inaugural Public Bond due 2026 'BBB'; Ratings on Negative Watch
BusinessWire - Thu Jun 16, 8:30AM CDT
Fitch Ratings has assigned a 'BBB' rating to the $600 million of 3.5% senior unsecured notes due 2026 issued by Sovran Acquisition Limited Partnership, the operating partnership of Sovran Self Storage, Inc. (NYSE: SSS; collectively Sovran) 'BBB'. Sovran Self Storage, Inc. will guarantee the notes.
SSS: 100.73 (-2.06)
Sovran Self Storage, Inc. to Participate at REITWeek(R) 2016
BusinessWire - Thu Jun 02, 3:05PM CDT
Sovran Self Storage, Inc. (NYSE:SSS), a self storage real estate investment trust (REIT), announced that David Rogers, Chief Executive Officer, will present on Thursday, June 9, 2016 from 8:45 a.m. - 9:15 a.m. EDT at REITWeek(R) 2016, NAREIT's Investor Forum in New York, NY.
SSS: 100.73 (-2.06)
Sovran Self Storage Gets Gross $690M from Stock Offering
Zacks Equity Research - Zacks Investment Research - Thu May 26, 9:48AM CDT
Sovran Self Storage, Inc. (SSS) raked in $690 million in gross proceeds from a public offering of 6.9 million shares at $100.00 per share.
DCT: 49.81 (-0.62), PSB: 110.53 (-1.28), SSS: 100.73 (-2.06), WSR: 15.46 (-0.33)
Sovran Self Storage, Inc. Announces Closing of Public Offering of 6.9 Million Shares of Common Stock for Gross Proceeds of $690 Million; Underwriters Exercise Over-Allotment Option in Full
BusinessWire - Wed May 25, 3:15PM CDT
Sovran Self Storage, Inc. (NYSE:SSS) announced today that it closed the sale of its previously announced underwritten public offering of shares of its common stock. The Company sold a total of 6,900,000 shares of common stock at a public offering price of $100.00 per share, including 900,000 shares of common stock issued pursuant to the exercise in full of the underwriters' over-allotment option.
SSS: 100.73 (-2.06)
Fitch Places Sovran's Ratings on Negative Watch on LifeStorage Acquisition Announcement
BusinessWire - Tue May 24, 11:46AM CDT
Fitch Ratings has placed the ratings of Sovran Self Storage, Inc. (NYSE: SSS) and its operating partnership, Sovran Acquisition, L.P. on Rating Watch Negative.
SSS: 100.73 (-2.06)
Sovran Self Storage Announces Pricing of Public Offering of 6,000,000 Common Shares
BusinessWire - Thu May 19, 7:02PM CDT
Sovran Self Storage, Inc. (NYSE:SSS), announced today that it priced an underwritten public offering of 6,000,000 shares of its common stock at $100.00 per share. Net proceeds to the Company after deducting underwriting discounts and commissions and estimated offering expenses are expected to be approximately $578.4 million. The underwriters have a 30-day option to buy up to an additional 900,000 shares. The offering is expected to close on Wednesday, May 25, 2016 subject to customary closing conditions.
SSS: 100.73 (-2.06)
Sovran Self Storage Announces Launch of a Public Offering of Common Stock
BusinessWire - Thu May 19, 5:02AM CDT
Sovran Self Storage, Inc. ("Sovran" or the "Company" (NYSE:SSS), a self storage real estate investment trust (REIT), announced today that it has commenced a public offering of 6,000,000 shares of common stock. In connection with the offering, the Company has also granted the underwriters a 30-day option to purchase up to 900,000 additional shares of common stock.
SSS: 100.73 (-2.06)
Sovran Self Storage, Inc. Enters into Definitive Agreement to Acquire LifeStorage, LP
BusinessWire - Thu May 19, 5:01AM CDT
Sovran Self Storage, Inc. ("Sovran" or the "Company" (NYSE:SSS), a self storage real estate investment trust (REIT), announced today it has entered into a definitive agreement to acquire LifeStorage, LP ("LifeStorage", a privately-owned self storage operator, for a gross aggregate purchase price of approximately $1.3 billion, payable in cash. Sovran has secured $1.35 billion in bridge financing to provide certainty of closure, but the Company intends to permanently finance the transaction with proceeds from contemplated equity and debt offerings.
SSS: 100.73 (-2.06)
Downgrade Alert for Sovran Self Storage (SSS)
Comtex SmarTrend(R) - Wed May 18, 3:13AM CDT
Sovran Self Storage (NYSE:SSS) was downgraded from Outperform to Market Perform at BMO Capital today. The stock closed yesterday at $112.61 on volume of 232,000 shares, below average daily volume of 245,000. Sovran Self Storage, Inc. acquires, develops and operates a chain of self storage facilities, operating under the Uncle Bob's Self Storage trade name. The Company's facilities offer storage space to customers on a monthly basis.
SSS: 100.73 (-2.06)
Sovran Self Storage reports 1Q results
Automated Insights - Wed Apr 27, 5:47PM CDT
WILLIAMSVILLE, N.Y. (AP) _ Sovran Self Storage Inc. (SSS) on Wednesday reported a key measure of profitability in its first quarter. The results topped Wall Street expectations.
SSS: 100.73 (-2.06)
Sovran Self Storage Reports First Quarter Results; Adjusted FFO per Share Increases 11.9%; Acquires 25 Properties for $332 Million
BusinessWire - Wed Apr 27, 3:15PM CDT
Sovran Self Storage, Inc. (NYSE:SSS), a self storage real estate investment trust (REIT), reported operating results for the quarter ended March 31, 2016.
SSS: 100.73 (-2.06)
Sovran Self Storage, Inc. Announces Date and Time of 1st Quarter 2016 Earnings Release and Conference Call
BusinessWire - Wed Apr 06, 3:02PM CDT
Sovran Self Storage, Inc., (NYSE:SSS), a self storage real estate investment trust (REIT), will issue financial results for the quarter ended March 31, 2016 after the market closes on Wednesday, April 27, 2016. The Company will conduct a conference call to discuss operations and review financial results on Thursday, April 28, 2016 at 9:00 a.m. Eastern Time.
SSS: 100.73 (-2.06)
Sovran Self Storage Gifts Investors with 11.8% Dividend Hike
Zacks Equity Research - Zacks Investment Research - Tue Apr 05, 2:45PM CDT
Sovran Self Storage, Inc. (SSS) revealed an 11.8% increase in its quarterly dividend to 95 cents per share against 85 cents paid in the previous quarter.
NSA: 21.53 (-0.35), PSA: 234.35 (-4.62), PSB: 110.53 (-1.28), SSS: 100.73 (-2.06)
Sovran Self Storage, Inc. Raises Quarterly Common Stock Dividend by 11.8%
BusinessWire - Mon Apr 04, 8:15AM CDT
The Board of Directors of Sovran Self Storage, Inc. (NYSE:SSS), a self storage real estate investment trust (REIT), announced today an increase in the Company's quarterly common stock dividend from $0.85 per share to $0.95 per share or $3.40 to $3.80 annualized. The increase is effective with the quarterly dividend to be paid on April 26, 2016 to shareholders of record on April 14, 2016. The dividend, based on Friday's closing share price equates to an annual yield of approximately 3.2%.
SSS: 100.73 (-2.06)
Sovran Self Storage, Inc. to Present at Citi Annual Global Property CEO Conference
BusinessWire - Tue Mar 08, 3:02PM CST
Sovran Self Storage, Inc. (NYSE:SSS), a self storage real estate investment trust (REIT), announced today that David Rogers, Chief Executive Officer, and Andrew Gregoire, Chief Financial Officer will participate in a roundtable presentation at the Citi 2016 Global Property CEO Conference in Hollywood, Florida.
SSS: 100.73 (-2.06)
Correction: Fitch Rates Sovran's Inaugural Public Bond due 2026 'BBB'; Ratings on Negative Watch
BusinessWire - Tue Jul 26, 2:16PM CDT
This is a correction of a release published on June 16, 2016. It includes a Summary of Financial Statement Adjustments, which was omitted from the original release.
SSS: 100.73 (-2.06)
Fitch Rates Sovran's $200MM Term Notes due 2028 'BBB'; Ratings on Negative Watch
BusinessWire - Tue Jul 26, 9:18AM CDT
Fitch Ratings has assigned a 'BBB' rating to the $200 million 3.67% senior unsecured notes due 2028 issued by Sovran Acquisition Limited Partnership, the operating partnership of Sovran Self Storage, Inc. (NYSE: SSS; collectively Sovran) 'BBB'. Sovran Self Storage, Inc. will guarantee the notes.
SSS: 100.73 (-2.06)
Sovran Self Storage, Inc. to Rebrand as Life Storage(R)
BusinessWire - Mon Jul 18, 7:55AM CDT
Sovran Self Storage, Inc., (NYSE:SSS), a self storage real estate investment trust (REIT), announced today that it will rebrand the 563 storage facilities it presently operates as "Uncle Bob's Self Storage(R)" to "Life Storage(R)". The Company also plans to change its corporate name from "Sovran Self Storage, Inc." to "Life Storage, Inc." and its ticker symbol on the New York Stock Exchange from SSS to LSI. These changes are expected to occur in mid-August, 2016.
SSS: 100.73 (-2.06), SELF: 5.56 (+0.01)
Sovran Self Storage, Inc. Acquires LifeStorage
BusinessWire - Mon Jul 18, 7:50AM CDT
Sovran Self Storage, Inc., (NYSE:SSS), a self storage real estate investment trust (REIT) ("Sovran" or the "Company"
, announced today that it has completed its acquisition of LifeStorage, LP ("LifeStorage", a privately-owned self storage operator, for a purchase price of approximately $1.3 billion. The purchase was funded primarily with the proceeds of a 6.9 million share common stock offering the Company completed in May 2016, and a June 2016 sale of $600 million of 10 year notes with an interest rate of 3.5%. SSS: 100.73 (-2.06)
Ex-Dividend Reminder: Sovran Self Storage, FelCor Lodging Trust and Synnex
DividendChannel.com - Mon Jul 11, 9:30AM CDT
Looking at the universe of stocks we cover at Dividend Channel, on 7/13/16, Sovran Self Storage Inc , FelCor Lodging Trust Inc , and Synnex Corp will all trade ex-dividend for their respective upcoming dividends. Sovran Self Storage Inc will pay...
SSS: 100.73 (-2.06)
Fitch Rates Sovran's Inaugural Public Bond due 2026 'BBB'; Ratings on Negative Watch
BusinessWire - Thu Jun 16, 8:30AM CDT
Fitch Ratings has assigned a 'BBB' rating to the $600 million of 3.5% senior unsecured notes due 2026 issued by Sovran Acquisition Limited Partnership, the operating partnership of Sovran Self Storage, Inc. (NYSE: SSS; collectively Sovran) 'BBB'. Sovran Self Storage, Inc. will guarantee the notes.
SSS: 100.73 (-2.06)
Sovran Self Storage, Inc. to Participate at REITWeek(R) 2016
BusinessWire - Thu Jun 02, 3:05PM CDT
Sovran Self Storage, Inc. (NYSE:SSS), a self storage real estate investment trust (REIT), announced that David Rogers, Chief Executive Officer, will present on Thursday, June 9, 2016 from 8:45 a.m. - 9:15 a.m. EDT at REITWeek(R) 2016, NAREIT's Investor Forum in New York, NY.
SSS: 100.73 (-2.06)
Sovran Self Storage Gets Gross $690M from Stock Offering
Zacks Equity Research - Zacks Investment Research - Thu May 26, 9:48AM CDT
Sovran Self Storage, Inc. (SSS) raked in $690 million in gross proceeds from a public offering of 6.9 million shares at $100.00 per share.
DCT: 49.81 (-0.62), PSB: 110.53 (-1.28), SSS: 100.73 (-2.06), WSR: 15.46 (-0.33)
Sovran Self Storage, Inc. Announces Closing of Public Offering of 6.9 Million Shares of Common Stock for Gross Proceeds of $690 Million; Underwriters Exercise Over-Allotment Option in Full
BusinessWire - Wed May 25, 3:15PM CDT
Sovran Self Storage, Inc. (NYSE:SSS) announced today that it closed the sale of its previously announced underwritten public offering of shares of its common stock. The Company sold a total of 6,900,000 shares of common stock at a public offering price of $100.00 per share, including 900,000 shares of common stock issued pursuant to the exercise in full of the underwriters' over-allotment option.
SSS: 100.73 (-2.06)
Fitch Places Sovran's Ratings on Negative Watch on LifeStorage Acquisition Announcement
BusinessWire - Tue May 24, 11:46AM CDT
Fitch Ratings has placed the ratings of Sovran Self Storage, Inc. (NYSE: SSS) and its operating partnership, Sovran Acquisition, L.P. on Rating Watch Negative.
SSS: 100.73 (-2.06)
Sovran Self Storage Announces Pricing of Public Offering of 6,000,000 Common Shares
BusinessWire - Thu May 19, 7:02PM CDT
Sovran Self Storage, Inc. (NYSE:SSS), announced today that it priced an underwritten public offering of 6,000,000 shares of its common stock at $100.00 per share. Net proceeds to the Company after deducting underwriting discounts and commissions and estimated offering expenses are expected to be approximately $578.4 million. The underwriters have a 30-day option to buy up to an additional 900,000 shares. The offering is expected to close on Wednesday, May 25, 2016 subject to customary closing conditions.
SSS: 100.73 (-2.06)
Sovran Self Storage Announces Launch of a Public Offering of Common Stock
BusinessWire - Thu May 19, 5:02AM CDT
Sovran Self Storage, Inc. ("Sovran" or the "Company"
(NYSE:SSS), a self storage real estate investment trust (REIT), announced today that it has commenced a public offering of 6,000,000 shares of common stock. In connection with the offering, the Company has also granted the underwriters a 30-day option to purchase up to 900,000 additional shares of common stock. SSS: 100.73 (-2.06)
Sovran Self Storage, Inc. Enters into Definitive Agreement to Acquire LifeStorage, LP
BusinessWire - Thu May 19, 5:01AM CDT
Sovran Self Storage, Inc. ("Sovran" or the "Company"
(NYSE:SSS), a self storage real estate investment trust (REIT), announced today it has entered into a definitive agreement to acquire LifeStorage, LP ("LifeStorage", a privately-owned self storage operator, for a gross aggregate purchase price of approximately $1.3 billion, payable in cash. Sovran has secured $1.35 billion in bridge financing to provide certainty of closure, but the Company intends to permanently finance the transaction with proceeds from contemplated equity and debt offerings. SSS: 100.73 (-2.06)
Downgrade Alert for Sovran Self Storage (SSS)
Comtex SmarTrend(R) - Wed May 18, 3:13AM CDT
Sovran Self Storage (NYSE:SSS) was downgraded from Outperform to Market Perform at BMO Capital today. The stock closed yesterday at $112.61 on volume of 232,000 shares, below average daily volume of 245,000. Sovran Self Storage, Inc. acquires, develops and operates a chain of self storage facilities, operating under the Uncle Bob's Self Storage trade name. The Company's facilities offer storage space to customers on a monthly basis.
SSS: 100.73 (-2.06)
Sovran Self Storage reports 1Q results
Automated Insights - Wed Apr 27, 5:47PM CDT
WILLIAMSVILLE, N.Y. (AP) _ Sovran Self Storage Inc. (SSS) on Wednesday reported a key measure of profitability in its first quarter. The results topped Wall Street expectations.
SSS: 100.73 (-2.06)
Sovran Self Storage Reports First Quarter Results; Adjusted FFO per Share Increases 11.9%; Acquires 25 Properties for $332 Million
BusinessWire - Wed Apr 27, 3:15PM CDT
Sovran Self Storage, Inc. (NYSE:SSS), a self storage real estate investment trust (REIT), reported operating results for the quarter ended March 31, 2016.
SSS: 100.73 (-2.06)
Sovran Self Storage, Inc. Announces Date and Time of 1st Quarter 2016 Earnings Release and Conference Call
BusinessWire - Wed Apr 06, 3:02PM CDT
Sovran Self Storage, Inc., (NYSE:SSS), a self storage real estate investment trust (REIT), will issue financial results for the quarter ended March 31, 2016 after the market closes on Wednesday, April 27, 2016. The Company will conduct a conference call to discuss operations and review financial results on Thursday, April 28, 2016 at 9:00 a.m. Eastern Time.
SSS: 100.73 (-2.06)
Sovran Self Storage Gifts Investors with 11.8% Dividend Hike
Zacks Equity Research - Zacks Investment Research - Tue Apr 05, 2:45PM CDT
Sovran Self Storage, Inc. (SSS) revealed an 11.8% increase in its quarterly dividend to 95 cents per share against 85 cents paid in the previous quarter.
NSA: 21.53 (-0.35), PSA: 234.35 (-4.62), PSB: 110.53 (-1.28), SSS: 100.73 (-2.06)
Sovran Self Storage, Inc. Raises Quarterly Common Stock Dividend by 11.8%
BusinessWire - Mon Apr 04, 8:15AM CDT
The Board of Directors of Sovran Self Storage, Inc. (NYSE:SSS), a self storage real estate investment trust (REIT), announced today an increase in the Company's quarterly common stock dividend from $0.85 per share to $0.95 per share or $3.40 to $3.80 annualized. The increase is effective with the quarterly dividend to be paid on April 26, 2016 to shareholders of record on April 14, 2016. The dividend, based on Friday's closing share price equates to an annual yield of approximately 3.2%.
SSS: 100.73 (-2.06)
Sovran Self Storage, Inc. to Present at Citi Annual Global Property CEO Conference
BusinessWire - Tue Mar 08, 3:02PM CST
Sovran Self Storage, Inc. (NYSE:SSS), a self storage real estate investment trust (REIT), announced today that David Rogers, Chief Executive Officer, and Andrew Gregoire, Chief Financial Officer will participate in a roundtable presentation at the Citi 2016 Global Property CEO Conference in Hollywood, Florida.
SSS: 100.73 (-2.06)
