Moving and Storage Business News

The News Review:

- HP positions All-in-One storage for SMBs
- Sovran Self Storage Reports Third Quarter Results
- Sun’s Flash of Hope
- Sovran Self Storage Inc Q3 2008 Earnings Call Transcript
- Moving Company Not Moving So Well in Tough Economy
- Public Storage Canadian Properties Announces Third Quarter 2008 …
- With jobs scant, North Port families are moving on

HP positions All-in-One storage for SMBs
Philippine Star, Philippines 
But unlike large corporations that often have extensive resources such as specialists dedicated exclusively to storage efforts, SMBs may not have the time, resources or available expertise to develop effective, long-term storage strategies. This is the premise for HP’s development of a line of storage solutions for SMBs that are comprehensive and easy to implement and could bridge the gap between the ever-increasing data storage requirements and the capabilities of the IT systems in place. In Houston, the base for HP’s storage business particularly entry-level storage, the company is making an aggressive pitch for its current line of All-in-One (AiO) storage solutions. Under the Simply StorageWorks product and service category, HP’s AiO family of storage is designed as an end-to-end solution approach for SMBs. It features Network Attached Storage (NAS), Storage Attached Network (SAN) and back-up solutions designed to make possible storage consolidation for SMBs. “Storage consolidation is a big concern for SMBs looking for backup, restoration and protection solutions. They are concerned about business continuity to which IT and storage are at its core,” says Amit Malhotra, manager for volume storage of HP’s StorageWorks Division for the Asia-Pacific and Japan.

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.

Sun’s Flash of Hope
Forbes, NY 
In the quarter ending in late September, Sun reported that its storage business, which accounts for 17% of the company’s revenue, had grown ever so slightly to $507 million, compared to $505 million in the same quarter the year before. The company’s other hardware revenues, by contrast, fell around 15% compared to the equivalent period in 2007. That’s a sign that storage may be relatively recession-proof, argues Sun’s Fowler. “Even in challenging times, our customers are still generating transactions, still storing multimedia files, still dealing with compliance issues,” he says. If the Amber Road system does give Sun’s storage revenues a boost, it will be thanks to a simpler user interface, says Forrester Research (nasdaq:.

Sovran Self Storage Inc Q3 2008 Earnings Call Transcript
Seeking Alpha, NY 
Sovran?s actual results may differ materially from projected results. Additional information concerning the factors that may cause such differences is included in our company?s SEC filings. The copies of these filings may be obtained by contacting the company or the SEC. While our storage turned in a solid third quarter in a very competitive marketplace, same store revenues increased by 0. 2%, while the same store expenses impacted by several one-time charges increased by 6. 3% resulting in a same store NOI of minus 3.
Related from Affiliaterevenuemonster: Cablevision Systems Corporation Q3 2008 Earnings Call Transcript

Moving Company Not Moving So Well in Tough Economy
WFMZ-TV Online, PA 
Business has really slowed down. We’re directly tied to the housing market. REPORTER: Edward Keller’s grandfather started Keller Moving and Storage in Allentown back in the 1920’s. 2008 has not been one for the family record books. Statistically we’re probably down about 20% from last year. REPORTER: Keller says business is slow because the housing market is slow. And if people aren’t moving neither are their workers.

Public Storage Canadian Properties Announces Third Quarter 2008 …
MarketWatch 
David Singelyn, President of Canadian Mini-Warehouse Properties
Company (”CMP”), the General Partner of Public Storage Canadian
Properties (the “Partnership”) stated that “the Partnership continues
to grow its business both internally and externally with growth in
“Same Store” net operating income of 1. 2% for the third quarter, and
the acquisitions of properties located in Dorval, Quebec, LaSalle,
Quebec and Orleans, Ontario for development into a new self-storage
facilities”. Operating Results

Net income of the Partnership was $2,138,000 or $0. 24 per partnership
unit (”Unit”) (based on 9,040,181 Units) for the three months ended
September 30, 2008 compared to $1,677,000 or $0. 23 per Unit (based on
7,232,145 Units) for the same period in 2007.

With jobs scant, North Port families are moving on
Sarasota Herald-Tribune, FL 
41 has been hearing “heart-wrenching” stories from customers who are leaving town after losing their jobs and, often, their homes. “People that can’t afford to live here anymore, they’re moving in with family members,” she said, noting that the storage facility has had trouble collecting rent from people who have run out of money and options. “It’s more going out than coming in,” she said of an exodus from North Port. “We find people going to Tennessee, Carolinas, Washington state.