Sovran Self Storage Reports Q4 FFO of $0.65 vs. $0.62; Revenue $48.86M vs. $47.08M

Sovran Self Storage, Inc. SSS, a self storage real estate investment trust (REIT), reported operating results for the quarter and year ended December 31, 2010. Net income available to common shareholders for the fourth quarter of 2010 was $8.5 million or $0.31 per fully diluted share. For the same period in 2009, there was a net loss to common shareholders of $1.5 million, or $0.06 per fully diluted common share. Funds from operations (FFO) for the quarter were $0.62 per fully diluted common share compared to $0.28 for the same period last year. Had the Company not recorded charges of $0.8 million related to a late December acquisition, FFO would have been $0.65 per fully diluted common share for the fourth quarter of 2010. Revenues: $48.86M