Uncle Bob's Self Storage (Sovran Self Storage)

Uncle Bob's Self Storage (Sovran Self Storage, Inc.) is a fully integrated, self-administered and self-managed real estate investment trust (REIT) that acquires and manages self storage properties. The Company owns and/or operates more than 500 self storage facilities encompassing over 35 million square feet, making it one of the largest self-storage companies in the United States.

Sovran operates its stores under the trade name Uncle Bob's Self Storage®, and serves over 250,000 customers in 25 states. Through innovative marketing and product development, the Company has differentiated itself with value-added products and services like Dri-guard, their state-of-the art dehumidification system; Uncle Bob's rental trucks; and a national Customer Care Center featuring a fully integrated sales and reservation system for the Company's rental spaces.

Founded in 1982, the Company is headquartered in Buffalo, New York, and employs over 1,300 people. Sovran's common stock trades on the New York Stock Exchange under the symbol SSS.

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Type
Public
HQ
Buffalo, US
Founded
1982
Size (employees)
1,537 (est)
Uncle Bob's Self Storage (Sovran Self Storage) was founded in 1982 and is headquartered in Buffalo, US
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Key People/Management at Uncle Bob's Self Storage (Sovran Self Storage)

David L. Rogers

David L. Rogers

CEO
Kenneth F. Myszka

Kenneth F. Myszka

President & COO

Uncle Bob's Self Storage (Sovran Self Storage) Office Locations

Uncle Bob's Self Storage (Sovran Self Storage) has offices in Harrisburg, Centennial, Schaumburg, Louisville and in 141 other locations
Buffalo, US (HQ)
6467 Main St
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Uncle Bob's Self Storage (Sovran Self Storage) Financials and Metrics

Uncle Bob's Self Storage (Sovran Self Storage) Financials

Uncle Bob's Self Storage (Sovran Self Storage)'s revenue was reported to be $529.75 m in FY, 2017
USD

Revenue (FY, 2017)

529.8 m

Net income (FY, 2017)

96.8 m

EBIT (FY, 2017)

171.4 m

Market capitalization (12-Aug-2016)

3.9 b

Cash (31-Dec-2017)

9.2 m

EV

4 b
Uncle Bob's Self Storage (Sovran Self Storage)'s current market capitalization is $3.9 b.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

273.5 m326.1 m366.6 m462.6 m529.8 m

Revenue growth, %

19%12%26%

General and administrative expense

43.1 m50 m

Operating expense total

43.1 m358.4 m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Revenue

71 m75.5 m80.4 m85.2 m85.4 m90.7 m95.4 m99.1 m107 m127.8 m128.3 m132.8 m

General and administrative expense

9 m10 m10.4 m10 m9.4 m9.7 m9.4 m10.5 m10.1 m10.9 m11.4 m16 m

Operating expense total

43.8 m51.8 m51.3 m52.8 m54.3 m53.7 m55.3 m62.7 m64.2 m119 m93.3 m98.4 m

EBIT

27.1 m23.7 m29.1 m32.4 m31.1 m37 m40.1 m36.4 m42.8 m8.8 m35 m34.4 m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

9.5 m8.5 m7 m23.7 m9.2 m

Accounts Receivable

5.1 m5.8 m6.8 m5.5 m7.3 m

Inventories

Total Assets

1.6 b1.9 b2.1 b3.9 b3.9 b
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Cash

9.7 m6.3 m7 m7.5 m10.3 m6.6 m6.1 m6.4 m901.9 m16.1 m4.8 m8 m

Accounts Receivable

3.6 m4.8 m5.3 m5.7 m5.7 m6.2 m6.5 m4.2 m4.7 m6 m5.8 m6.2 m

Total Assets

1.5 b1.6 b1.7 b1.8 b2 b2 b2.1 b2.4 b3.4 b3.8 b3.9 b3.9 b

Accounts Payable

33.3 m27.1 m35 m43.8 m33.3 m37.3 m47.1 m38.1 m37.2 m62.2 m45.8 m66.1 m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

74.6 m89.1 m113.1 m85 m96.8 m

Depreciation and Amortization

45.2 m51.7 m58.5 m117.1 m127.5 m

Inventories

Accounts Payable

1.1 m5.2 m5.8 m18.5 m10.7 m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Net Income

52.2 m16.8 m37.5 m63.2 m22.6 m51.2 m82.9 m28.2 m71.7 m66.8 m20.5 m40 m

Depreciation and Amortization

34.1 m11.9 m24.4 m37.8 m14.2 m28.8 m43.4 m16.4 m34.7 m76.1 m37.6 m75.7 m

Accounts Payable

(3.5 m)(10.8 m)(3 m)5.7 m(7.9 m)(3.9 m)5.8 m(10.1 m)(11.1 m)5.8 m(29 m)(8 m)

Cash From Operating Activities

85.6 m18.6 m60.3 m107.6 m30.9 m80.7 m138.1 m37.9 m92.9 m149.4 m28 m108.6 m
USDY, 2017

EV/EBIT

23.3 x

EV/CFO

16 x

Revenue/Employee

344.7 k

Debt/Equity

0.1 x

Financial Leverage

1.9 x
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