Type                       public:SSS 
Industry                    self storage 
Founded                    1995 
Headquarters                New York 
Area served                 United States 
Key people                  David L. Rogers  
Revenue                    236.0M 
Net income                  55.1M 
Employees                  1228
Website                    www.sovranss.com 
Sovran Self Storage, Inc. (Sovran), incorporated on April 19, 1995, together with its subsidiaries and its joint ventures, is a self-administered and self-managed real estate investment trust (REIT) that acquires, owns and manages self-storage properties. The Company refers to the self-storage properties in which it has interest and is managed by it as properties. As of December 31, 2012, the Company held ownership interests in and/or managed 461 properties consisting of approximately 31.2 million net rentable square feet, situated in 25 states. The Company’s Properties conduct business under the name Uncle Bob’s Self-Storage. During the year ended December 31, 2012, the Company acquired 28 self storage facilities. During 2012, it added 372,000 square feet to existing Properties, and converted 35,000 square feet to storage. In August 2012, the Company announced the sale of 12 storage facilities. In September 2012, it acquired nine self storage facilities.

All of the Company’s assets are owned by, and all its operations are conducted through, Sovran Acquisition Limited Partnership (the Operating Partnership). Sovran Holdings, Inc., a wholly owned subsidiary of the Company, is the sole general partner of the Operating Partnership. The Company’s self-storage facilities offer storage space to residential and commercial users on a month-to-month basis. The Company’s stores range in size from 23,000 to 181,000 net rentable square feet, with an average of approximately 68,000 net rentable square feet. The Properties generally are constructed of masonry or steel walls resting on concrete slabs and have standing seam metal, shingle, or tar and gravel roofs. Its customers have access to their storage space up to 15 hours a day, and some customers are provided around-the-clock access. Individual storage spaces are secured by a lock furnished by the customer to provide the customer with control of access to the space. At December 31, 2012, the Properties had an average occupancy of 85.5%.