**Exhibit12.1**

 

**U-Store-ItTrust**

**Computationof Ratio of Earnings to Fixed Charges**

**(dollars inthousands)**

 
| ** **                                                                                | ** ** | **Year Ended December 31,** | ** ** | **Nine Months Ended  September 30,** | ** ** |
|-------------------------------------------------------------------------------------------|------------|--------------------------------------------|------------|-----------------------------------------------------|------------|
| ** **                                                                                | ** ** | **2005**                                   | ** ** | **2006**                                            | ** ** | **2007** | ** ** | **2008** | ** ** | **2009** | ** ** | **2009** | ** ** | **2010** | ** ** |
| **Earnings before fixed charges:**                                                        |       |                                       |       |                                                |       |   |   |   |   |   |   |   |   |   |   |
| **Add:**                                                                                  |       |                                       |       |                                                |       |   |   |   |   |   |   |   |   |   |   |
| Loss from continuing operations                                                           |       | $                                          | (4,576     | )                                                   | $          | (16,820 | ) | $ | (24,370 | ) | $ | (23,428 | ) | $ | (17,017 | ) | $ | (14,009 | ) | $ | (8,839 | ) |
| Fixed charges - per below                                                                 |       | 34,229                                     |       | 49,695                                              |       | 56,192 |   | 54,192 |   | 47,831 |   | 23,956 |   | 29,487 |   |
| **Less:**                                                                                 |       |                                       |       |                                                |       |   |   |   |   |   |   |   |   |   |   |
| Capitalized interest                                                                      |       | —                                     |       | (35                                                 | )          | (108 | ) | (99 | ) | (73 | ) | (46 | ) | (107 | ) |
|                                                                                      |       |                                       |       |                                                |       |   |   |   |   |   |   |   |   |   |   |
| Earnings before fixed charges                                                             |       | 29,653                                     |       | 32,840                                              |       | 31,714 |   | 30,665 |   | 30,741 |   | 9,901 |   | 20,541 |   |
|                                                                                      |       |                                       |       |                                                |       |   |   |   |   |   |   |   |   |   |   |
| **Fixed charges:**                                                                        |       |                                       |       |                                                |       |   |   |   |   |   |   |   |   |   |   |
| Interest expense (including amortization premiums and  discounts related to indebtedness) |       | 33,952                                     |       | 47,600                                              |       | 55,880 |   | 53,943 |   | 47,608 |   | 23,854 |   | 29,324 |   |
| Early extinguishment of debt                                                              |       | 93                                         |       | 1,907                                               |       | — |   | — |   | — |   | — |   | — |   |
| Capitalized interest                                                                      |       | —                                     |       | 35                                                  |       | 108 |   | 99 |   | 73 |   | 46 |   | 107 |   |
| Estimate of interest within rental expense                                                |       | 184                                        |       | 153                                                 |       | 204 |   | 150 |   | 150 |   | 56 |   | 56 |   |
|                                                                                      |       |                                       |       |                                                |       |   |   |   |   |   |   |   |   |   |   |
| Total Fixed Charges                                                                       |       | 34,229                                     |       | 49,695                                              |       | 56,192 |   | 54,192 |   | 47,831 |   | 23,956 |   | 29,487 |   |
|                                                                                      |       |                                       |       |                                                |       |   |   |   |   |   |   |   |   |   |   |
| Ratio of earnings to fixed  charges (a)                                                   |       | 0.87                                       |       | 0.66                                                |       | 0.56 |   | 0.57 |   | 0.64 |   | 0.41 |   | 0.70 |   |
|                                                                                           |            |                                            |            |                                                     |            |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |

 

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(a)  Due to our losses in fiscal 2005, 2006, 2007, 2008, 2009 and2010, the coverage ratio was less than 1:1. The Company must generate additional earnings of $4.6 million, $16.9million, $24.5 million, $23.5 million, $17.1 million, $14.0 million, and $8.8million to achieve a coverage of 1:1 in fiscal 2005, 2006, 2007, 2008, 2009,and the nine months ended September 30, 2009 and 2010, repectively.

 

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