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Non-Tech : Auto Rental Companies - AVI, BD, HRZ, DTG, AN

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To: Gabor who wrote (130)8/5/1999 12:44:00 PM
From: Probart  Read Replies (1) of 218
 
Parts of a release today.......time to buy this dog again.....

Storage USA Reports Second Quarter Results-- Funds From Operations Increase 9.1% Over 1998
MEMPHIS, Tenn., Jul 28, 1999 (BUSINESS WIRE via COMTEX) -- Storage USA, Inc. (NYSE: SUS) today announced the results of its second quarter ended June 30, 1999. Funds from operations for the quarter were $23,641, 000, or $0.84 per common share on a diluted basis, an increase of 9.1% on a per share basis compared to $21,471,000, or $0.77 per share on a diluted basis, for the quarter ended June 30, 1998.

"""The Company expects to close on its strategic alliance with Budget Group Inc. in the third quarter. In early May, reservation agents at Budget's national reservation center began referring truck rental customers with a stated interest in self-storage to the Company's national reservation center.

A program for placing Budget/Ryder truck dealerships at Storage USA facilities is in process. By the end of the year 2000 the Company expects to have about 75% of its facilities equipped with full Budget dealerships, and many of the rest offering "just-in-time" truck rental service."""

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