Sovran Self Storage, Inc. Announces Dividend on Common Stock

• Press Release
• Source: Sovran Self Storage, Inc.
• On 4:16 pm EDT, Thursday March 12, 2009

BUFFALO, NY--(MARKET WIRE)--Mar 12, 2009 -- The Board of Directors of Sovran Self Storage, Inc. (NYSE:SSS - News), a self-storage real estate investment trust (REIT), announced today the Company's quarterly dividend of $.64 per share of common stock. The annualized dividend of Sovran Self Storage, Inc. is $2.56 per share which, based on today's share price, equates to an annual rate of approximately 12%. The dividend will be paid on April 22, 2009 to Shareholders of record on April 7, 2009.

Sovran Self Storage, Inc. is a self-administered and self-managed equity REIT that is in the business of acquiring and managing self-storage facilities. The Company operates 385 self-storage facilities in twenty-four states under the name "Uncle Bob's Self Storage"®.

For more information, please contact David L. Rogers, CFO or Diane Piegza, VP Corporate Communications at 716-633-1850 or browse the Company's Web Site at http://www.unclebobs.com.

     Contact:
      
     David L. Rogers
     CFO
     716-633-1850
     http://www.unclebobs.com
      
     Diane Piegza
     VP Corporate Communications
     716-633-1850
     http://www.unclebobs.com
      
     Sovran Self Storage, Inc
     6467 Main St., Buffalo, NY   14221
     (716) 633-1850