Moving and Storage Business News

The News Review:

- U-Store-It Declares First Quarter 2009 Dividend
- Houston Storage Company pens Its Sixth Location
- WP Carey and Harbert Management Form Self-Storage Joint Venture
- Strategic Storage Trust Inc. Picks Cutting-Edge Software to …

U-Store-It Declares First Quarter 2009 Dividend
CNNMoney.com -
The dividend is payable on April 22 2009 to common shareholders of recordon April 7 2009. About U-Store-It TrustU-Store-It Trust is a self-administered and self-managed real estateinvestment trust. The Company’s self-storage facilities are designed tooffer affordable easily-accessible and secure storage space forresidential and commercial customers. According to the Self-StorageAlmanac U-Store-It Trust is one of the top five owners and operators ofself-storage facilities in the United States. Non-GAAP Performance MeasurementsFF is a widely used performance measure for real estate companies and isprovided here as a supplemental measure of operating performance. TheCompany calculates FF in accordance with the best practices described inthe April 2002 National Policy Bulletin of the National Association of RealEstate Investment Trusts (the “White Paper”). The White Paper defines FFas net income (computed in accordance with GAAP) excluding gains (orlosses) from sales of property plus depreciation and amortization andafter adjustments for unconsolidated partnerships and joint ventures.
Related from Medcylopaedia: Medical Properties Trust Inc. Declares Dividend

Houston Storage Company pens Its Sixth Location
MSNBC -
Customer service is a high priority for the Houston self storage company. The experts at BullsEye Storage work with each client to estimate their storage space needs and offer useful tips on how to arrange items to get the maximum use of their unit and save money on storage. Each location has a resident manager that lives on-site to offer the best level of customer service and ensure that the facility is clean and uncluttered.

WP Carey and Harbert Management Form Self-Storage Joint Venture
CNNMoney.com -
LLC (NYSE: WPC) announced today that its affiliate Carey Storage has formed aself-storage-focused joint venture with Harbert® Management Corporation. Carey are contributing a total of $50 million to theventure — $30 million from Harbert and $20 million from W.

Strategic Storage Trust Inc. Picks Cutting-Edge Software to …
MSNBC -
(SSTI) todayannounced it has selected industry leading self storage rental managementsoftware provider Centershift as their enterprise software solution. Centershift’s Store(TM) Enterprise platform is an integrated web-basedoperating software that will be used to manage our entire network offacilities nationwide. Centershift based in Salt Lake City produces a web-based software that isspecifically designed for the self-storage operator. The Store Enterpriseprogram allows SSTI to access centralized data.