Sovran Self Storage, Inc. Announces Dividend On Common Stock

    Business Editors/Real Estate Writers

    BUFFALO, N.Y.--(BUSINESS WIRE)--March 10, 2005--The Board of Directors of Sovran Self Storage, Inc. (NYSE:SSS), a self-storage real estate investment trust (REIT), announced today the Company's quarterly dividend of $.605 per share of common stock. The annualized dividend of Sovran Self Storage, Inc. is $2.42 per share which, based on today's share price, equates to an annual rate of approximately 5.8%. The dividend will be paid on April 22, 2005 to Shareholders of record on April 8, 2005.

    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 272 self-storage facilities under the "Uncle Bob's Self Storage"(R) trade name in twenty-one states.
    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.sovranss.com.

--30--NM/ny*

CONTACT: Sovran Self Storage, Inc. David L. Rogers/Diane Piegza 716-633-1850 http://www.sovranss.com

KEYWORD: NEW YORK INDUSTRY KEYWORD: REAL ESTATE BUILDING/CONSTRUCTION BANKING DIVIDEND SOURCE: Sovran Self Storage, Inc.

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