Moving and Storage Business News

The News Review:

- Sovran Self Storage Reports Third Quarter Results
- U-Haul sees uptick in moving transactions
- Earnings slip at Sovran Self-Storage

Sovran Self Storage Reports Third Quarter Results
istockAnalyst.com (press release), OR 
Sovran Self Storage, Inc. is a self-administered and self-managed equity REIT that is in the business of acquiring and managing self-storage facilities. The Company operates 380 self-storage facilities in 24 states under the name ?Uncle Bob?s Self Storage?®. For more information, please contact David Rogers, CFO or Diane Piegza, VP Corporate Communications at (716) 633-1850 or visit the Company?s Web site at www.     SOVRAN SELF STORAGE, INC.
Related from Affiliaterevenuemonster: Cablevision Systems Corporation Q3 2008 Earnings Call Transcript

U-Haul sees uptick in moving transactions
Bizjournals.com, NC 
The Phoenix truck rental and self-storage company reported revenue of $591 million for the three months ended Sept. 30, down from $596 million for the same period a year ago. Do-it-yourself equipment rental revenue, however, increased $3. 5 million during the quarter, company officials reported. The company also reported increases in total moving transactions.

Earnings slip at Sovran Self-Storage
Buffalo News,  United States 
9 million, or 51 cents per share, in the same quarter a year ago. Funds from operations equaled 84 cents per share. Officials said the company took several steps during the quarter, including refinancing debt, to strengthen long-term earnings, but it incurred short-term costs in the process. The company also suffered almost $300,000 in damages from Hurricanes Gustav and Ike. “We, like most real estate companies, are working through a challenging environment,” said Kenneth F. Myszka, president and chief operating officer. “Our company’s interests are best served by taking a long-term perspective.