Sovran Self Storage Inc. (SSS) Wednesday reported second-quarter net income of $11.7 million or $0.40 per share, compared to $9.7 million or $0.35 per share last year.
Funds from operations for the quarter were $22.4 million or $0.77 per share compared to $18.5 million or $0.67 last year.
Excluding acquisition costs, FFO was $23.7 million or $0.82 per share for the quarter. On average, 8 analysts polled by Thomson Reuters expected FFO of $0.78 per share for the quarter. Analysts' estimates typically exclude special items.
Total operating revenues for the quarter increased to $58.7 million from $50.1 million last year. Analysts estimated revenues of $55.90 million for the quarter.
Looking forward to the third quarter, the company expects FFO in a range of $0.81 to $0.83 per share. Analysts currently estimate FFO of $0.80 per share last year.
The company now expects FFO for the full year 2012 to be about $3.15 to $3.19 per share, compared to prior estimate of $3.09 to $3.13 per share. Analysts currently estimate FFO of $3.11 per share for the quarter.
For comments and feedback contact: editorial@rttnews.com
Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.