Moving and Storage Business News

The News Review:

- Sovran Self Storage Reports Third Quarter Results: Revenues Increase…
- Market report: Soaring metals buoy miners
- NCR Profit Falls 15% on Spinoff; 2007 Forecast Raised (Update4)

Sovran Self Storage Reports Third Quarter Results: Revenues Increase…
Free with registration – Business Wire – AccessMyLibrary.com – Oct 31, 2007
85 per fully diluted share for the quarter ended September 30, 2006. Strong rental rate growth was offset by the impact of a decline in occupancy in most of the Company’s Florida markets. David Rogers, the Company’s Chief Financial Officer, said, “We’ve done well this quarter integrating our recent acquisitions into the Uncle Bob’s family, and moving forward with our expansion and enhancement program. ” OPERATIONS: Total Company net operating income for the third quarter grew 15. 2% compared with the same quarter in 2006 to $32. This growth was the result of improved operating performance and the income generated by the 58 stores acquired since mid 2006.

Market report: Soaring metals buoy miners
Telegraph.co.uk – Oct 31, 2007
The company also brushed off fears that the slowing property market may hit demand for its storage units and lessen the value of its sites. Lok’nStore, which operates 19 storage centres across the South East, said that it expects annual growth of 15pc in the market, and pointed out that its net asset value – a key measure of the value of the company’s assets – had risen 26. 8pc in the last year to 270p a share. Andrew Jacobs, chief executive, said: “The UK market is about 20 to 30 years behind the US market – it didn’t really start here until the 1980s. “[But] in the UK, because of the population density and property prices, there is far more pressure to use property resources efficiently – which is a main driver of demand for self-storage.

NCR Profit Falls 15% on Spinoff; 2007 Forecast Raised (Update4)
Bloomberg – Oct 31, 2007
Chief Executive Officer. Higher overseas sales ofATMs helped fuel a 17 percent increase in revenue at thefinancial self-service unit. The company sold more of its self-checkout kiosks, boosting that division's revenue by 27 percent. “There's a lot of good things here,'' said…
Higher overseas sales ofATMs helped fuel a 17 percent increase in revenue at thefinancial self-service unit. The company sold more of its self-checkout kiosks, boosting that division's revenue by 27 percent. “There's a lot of good things here,'' said. He rates the stock a “buy'' and doesn'town any.