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Sovran's earnings jump 23 percent in quarter.
By David Robinson, The Buffalo News, N.Y. Knight Ridder/Tribune Business News
Feb. 17--Rising rents and slightly higher occupancy levels, coupled with a steep drop in dividend payments, helped Sovran Self Storage boost its fourth-quarter earnings by 23 percent, the Williamsville-based real estate investment trust said Wednesday.
Sovran's earnings matched analyst expectations -- and company officials predicted that this year will be even better for the self storage facility operator, with earnings growing by 10 percent to 12 percent to between $2.94 and $2.98 per share. Earnings during the current quarter are projected to be between 69 cents and 71 …
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- Earnings rise at Sovran Self Storage.(Financial report)
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News wire article from: The Buffalo News (Buffalo, NY)
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