Moving and Storage Business News

The News Review:

- Extra Space Storage Inc. Reports perating Results for the Three …
- Moving? Need storage space? Save $88 up front
- Self-Storage Expert Presents Free Webinar on Fee Management
- Sovran Self Storage sees earnings fall as customers cut back

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.
Related from Cupocoffee: Diedrich Coffee Reports perating Results (10-Q)

Moving? Need storage space? Save $88 up front
ABC15.com (KNXV-TV) AZ -
The moving and storage company will drop off a storage container at your home or other location you fill it up and they come get it. They will move to a new location or store the container for you at their air conditioned facility. The normal charge to deliver a 16 foot storage container is $88 dollars and $154. 00 a month to store it. They are offering a Deal of the Day for Smart Shoppers on Friday February 20th.

Self-Storage Expert Presents Free Webinar on Fee Management
Inside Self-Storage AZ -
Participants will learn about Universal’s telephone auction customer-satisfaction and marketing programs. ther topics will include features that make the company unique ways for a self-storage operation to save money and how to maximize income while improving the asset.

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.