The Board of Directors of Sovran Self Storage, Inc. (NYSE:SSS), a self storage real estate investment trust (REIT), announced today an increase in the Company’s quarterly common stock dividend from $0.68 per share to $0.75 per share or $2.72 to $3.00 annualized. The increase is effective with the quarterly dividend to be paid on January 26, 2015 to shareholders of record on January 16, 2015. The dividend, based on today’s opening share price equates to an annual yield of approximately 3.4%.

“Our cash flow has increased considerably over the past several years as a result of improving customer demand and ongoing investment in technology, properties and people,” said David Rogers, Chief Executive Officer. “Given our solid financial position and continued expectation of strong operating results, we are pleased to share the benefits of this growth with our shareholders.”

About Sovran Self Storage, Inc.

Sovran Self Storage, Inc. is an equity REIT that is in the business of acquiring and managing self storage facilities. The Company operates over 500 self storage facilities in 25 states under the name Uncle Bob’s Self Storage®. For more information, visit www.unclebobs.com, like us on Facebook, or follow us on Twitter.