Sovran Self Storage, Inc. Announces Dividend on Common Stock

BUFFALO, N.Y.–(BUSINESS WIRE)–#Sovranselfstorage–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 $0.95 per share of common stock. The
annualized dividend of Sovran Self Storage, Inc. is $3.80 per share
which, based on today’s opening share price, equates to an annual rate
of approximately 3.6%. The dividend will be paid on July 26, 2016 to
Shareholders of record on July 15, 2016.

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 550 self storage facilities in 26 states under the name Uncle Bob’s
Self Storage®. For more information, visit www.unclebobs.com,
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Contacts

Sovran Self Storage, Inc.
Diane Piegza, Vice President
Investor
Relations & Community Affairs
716-650-6115