U-Store-It Trust, a self-administered and self-managed real estate investment trust focused on self-storage facilities, declared a quarterly dividend of $0.07 per common share for the period ending June 30, 2011. The dividend is payable on July 22, to common shareholders of record on July 7, 2011.
In May, the company also released its operating statistics for the first quarter, which ended March 31. The company showed upticks in total revenue, net operating income and occupancy.
U-Store-It is a self-administered and self-managed REIT that owns or manages 451 self-storage facilities across the United States. The company also operates the U-Store-It Network, which consists of approximately 750 additional self-storage facilities.
