News 
Market Data 
Discover
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
|
Followers
|
0
|
Posters
|
|
|
Posts (Today)
|
0
|
Posts (Total)
|
4
|
|
Created
|
04/26/09
|
Type
|
Free
|
| Moderators | |||
U-Store-It is a self-administered and self-managed real estate company focused on the ownership, operation, acquisition and development of self-storage facilities in the United States. Our self-storage facilities are designed to offer affordable, easily accessible and secure storage space for residential and commercial customers. As a national owner and operator, we continually enhance our business by applying our management expertise and best practices to each facility. According to the Self-Storage Almanac, U-Store-It is the fourth largest owner and operator of self-storage facilities in the United States. The industry in the United States consists of approximately 45,000 facilities with 2.1 billion rentable square feet, out of which the top ten operators collectively own approximately 14.8% of the aggregate rentable square footage market share. Our strategy is to grow our property portfolio by being a consolidator in the highly fragmented self-storage industry. We believe these acquisitions will offer the Company economies of scale by spreading our management expertise and operating efficiency across a larger portfolio. We look to maximize the cash flow from our facilities by increasing rents, increasing occupancy levels, controlling operating expenses, and expanding and improving the facilities.
| Class |
| Outstanding at November 7, 2008 |
| common stock, $.01 par value |
| 57,829,845 |
