U-Store-It Trust Announces Resignation of President

CLEVELAND, Ohio, April 10 -- U-Store-It Trust
(NYSE: YSI), a self-administered and self-managed real estate investment
trust focused primarily on self-storage facilities, announced today the
resignation of Steven G. Osgood, President and Chief Financial Officer. Mr.
Osgood will leave to pursue other opportunities as of April 20, 2006. The
Company will conduct a search for a replacement. Tedd D. Towsley, Vice
President and Treasurer, has been named interim Chief Financial Officer.
Robert J. Amsdell, Chairman and Chief Executive Officer, stated, "I
have enjoyed working with Steve for the last thirteen years. He has been a
valuable part of our success as we expanded our self-storage facility
portfolio and generated strong sequential revenue growth. We wish Steve
well with his future endeavors."
Mr. Osgood said, "U-Store-It has a broad and experienced staff in its
accounting and acquisition departments, which is well-equipped to handle
this transition. I would like to thank my colleagues at U-Store-It for the
opportunity to be part of the Company's expansion."
About U-Store-It Trust
U-Store-It Trust is a self-administered and self-managed real estate
investment trust focused on the ownership, operation, acquisition and
development of self-storage facilities in the United States. The Company's
self-storage facilities are designed to offer affordable, easily accessible
and secure storage space for residential and commercial customers.
According to the 2006 Self-Storage Almanac, U-Store-It Trust is one of the
top five owners and operators of self-storage facilities in the United
States.
Forward Looking Statements
Certain statements in this release that are not historical fact may
constitute forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. Such forward-looking statements
involve known and unknown risks, uncertainties and other factors which may
cause the actual results of the Company to differ materially from
historical results or from any results expressed or implied by such
forward-looking statements, including without limitation: national and
local economic, business, real estate and other market conditions; the
competitive environment in which the Company operates; the execution of the
Company's business plan; financing risks; increases in interest rates and
operating costs; the Company's ability to maintain its status as a REIT for
federal income tax purposes; acquisition and development risks; changes in
real estate and zoning laws or regulations; risks related to natural
disasters; potential environmental and other liabilities; and other factors
affecting the real estate industry generally or the self-storage industry
in particular. The Company refers you to the documents filed by the Company
from time to time with the Securities and Exchange Commission, specifically
the section titled "Business-Risk Factors" in the Company's Annual Report
on form 10-K, which discuss these and other risks and factors that could
cause the Company's actual results to differ materially from any
forward-looking statements.
Contact:
U-Store-It Trust
Robert J. Amsdell
Chairman & Chief Executive Officer
(440) 234-0700

Investors/Media:
The Ruth Group
Stephanie Carrington / Guy Gresham
(646) 536-7017 / 7028
scarrington@theruthgroup.com
ggresham@theruthgroup.com



SOURCE U-Store-It Trust