Moving and Storage Business News

The News Review:

- Extra Space Storage Inc. Reports perating Results for the Three …
- Sovran Self Storage sees earnings fall as customers cut back
- Webinar Explores the Benefits of Hiring a Self-Storage Management …

Extra Space Storage Inc. Reports perating Results for the Three …
CNNMoney.com -
2%Properties included in same-store 210 210 210 210The increase in same-store rental revenue for the three months and yearended December 31 2008 as compared to the three months and year endedDecember 31 2007 was due to increased rental rates to existing customerswhich offset lower incoming rental rates and a reduction in occupancy dueto higher move-out activity. Property Acquisitions:During the three months ended December 31 2008 the Company acquired eightproperties located in Colorado Indiana and New York for approximately$57. For the year ended December 31 2008 the Company acquired11 properties on a wholly-owned basis for approximately $79. TheCompany also acquired an additional 40.

Sovran Self Storage sees earnings fall as customers cut back
Buffalo News  United States -
Sovran said it offered customers nearly $2 million in free rent during the quarter as part of its incentive that offers consumers their first month’s rent at no cost which the company expanded last fall as the company weakened. Sovran executives said turnover has increased as consumers look to cut costs in an uncertain economy. “It’s a question between a mortgage and a car payment and utilities and a self-storage unit” said Kenneth Myszka the company’s president during a conference call today. Sovran said it expects consumers to continue to cut back prompting executives to predict a 1 percent to 2 percent drop in same-store revenues this year. It expects to earn 72 cents to 74 cents per share during the current quarter down from 81 cents per share a year earlier. Earnings for the full year are forecast to range between $3 and $3.

Webinar Explores the Benefits of Hiring a Self-Storage Management …
PR.com (press release) NY -
Ballard founded Universal Management Company more than 15 years ago. She has written many articles for the Mini-Storage Messenger and other publications and is a regular contributor to the annual Self-Storage Almanac. A longtime top operator in the self-storage industry Universal Management Company offers self-storage business owners the benefits of the company’s extensive industry experience as well as professional unbiased management services. During this webinar participants will learn about Universal’s telephone auction customer satisfaction and marketing programs. ther topics will include features that make the company unique saving money by using proven programs and maximizing income while improving the asset. The Mini-Storage Messenger Self-Storage Webinar Series offers informative monthly webinars free of charge to self-storage professionals and other individuals. For more information or to register visit www.
Related from Managementmonster: Upcoming CyberShift Webcast Examines the ROI of SaaS-Deployed …