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CubeSmart CUBE · USD

Real Estate · US listing · 🇺🇸 United States

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45.00

-0.04%

Close of 9 Nov 2026, in USD

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About CubeSmart

From its filings with the US Securities and Exchange Commission

SEC filings

CubeSmart is based in Malvern, Pennsylvania and is incorporated in Maryland. Its shares trade on NYSE under the ticker CUBE. The SEC classifies its business as real estate investment trusts. In the fiscal year to 31 December 2025, it reported revenue of $1.12bn and net income of $331.3m. At that date it held total assets of $6.64bn and shareholders' equity of $2.72bn.

In its own words

We are a self-administered and self-managed real estate company focused primarily on the ownership, operation, development, management, and acquisition of self-storage properties in the United States.

The Parent Company was formed in July 2004 as a Maryland REIT. The Parent Company owns its assets and conducts its business through the Operating Partnership and its subsidiaries. The Parent Company controls the Operating Partnership as its sole general partner and, as of December 31, 2025, owned a 99.6% interest in the Operating Partnership. The Operating Partnership was formed in July 2004 as a Delaware limited partnership and has been engaged in virtually all aspects of the self-storage business, including the ownership, operation, development, management, and acquisition of self-storage properties.

Our self-storage properties are designed to offer affordable, easily accessible and, in most locations, climate-controlled storage space for residential and commercial customers. Our customers rent storage units for their exclusive use, typically on a month-to-month basis. We offer climate-controlled units at 560, or approximately 84.6%, of our owned stores, and some of our stores offer outside storage areas for vehicles and boats. All of our stores have a storage associate on-site or virtually to assist our customers, and many of our owned stores have a manager who resides in an apartment at the store. Our customers can access their storage units during business hours, and some of our stores provide customers with 24-hour access through computer-controlled access systems.

Quoted from its 10-K, filed 27 Feb 2026. Read the filing on SEC.gov ↗

Company facts

Sector
Real Estate
Industry
Equity Real Estate Investment Trusts (REITs)
Listed since
22 Oct 2004
Employees
3,121
Head office
5 OLD LANCASTER ROAD, MALVERN, PA, 19355
Incorporated in
MD
Classification
Real Estate Investment Trusts
Filer status
Large accelerated filer

Leadership

Pay as last reported

  • Ms. Deborah SalzbergIndependent Non-Executive Chairman of the Board of Trustee$278,479
  • Mr. Christopher MarrPresident, Chief Executive Officer, Trustee, since 2006$8.0m
  • Mr. Timothy MartinChief Financial Officer, Treasurer$3.3m
  • Ms. Jennifer SchulteChief Human Resources Officer$1.1m
  • Mr. Jeffrey FosterChief Legal Officer, Secretary$2.0m
  • Mr. Piero BussaniIndependent Trustee$233,479
  • Dr. Jit Kee ChinIndependent Trustee$220,479
  • Ms. Dorothy DowlingIndependent Trustee$246,229
  • Mr. John FainIndependent Trustee$228,229
  • Mr. Jair LynchIndependent Trustee$228,229
  • Mr. John RemondiIndependent Trustee$248,479
  • Mr. Jeffrey RogatzIndependent Trustee$230,479

Environmental, social and governance

Scores out of 100, from our data supplier

ESG
Overall
76
Environment
94
Social
65
Governance
69
Direct emissions (scope 1)
6,722 t
Energy emissions (scope 2)
19,825 t
Women in the workforce
56%
Carbon reduction policy
Yes
Human rights policy
Yes

SWOT analysis

AI-generated by our data supplier. Not written or checked by our editors.

AI-generated

Strengths

  • Strong Brand: CubeSmart has established a reputable brand in the self-storage industry, known for its quality service and reliable storage solutions.
  • Wide Network: The company operates a vast network of storage facilities across the United States, offering convenient locations to customers.
  • Innovative Technology: CubeSmart utilizes advanced technologies, such as online reservation systems and security features, to enhance customer experience and maintain a competitive edge.

Weaknesses

  • Dependency on Economic Conditions: CubeSmart's business is influenced by economic factors, such as housing trends and disposable income levels. Economic downturns can impact demand for storage units.
  • Limited International Presence: The company currently operates only within the United States, missing out on potential growth opportunities in global markets.
  • Reliance on Third-Party Suppliers: CubeSmart relies on suppliers for various aspects of its business, including security systems and maintenance services. Any disruptions in the supply chain could affect operations.

Opportunities

  • Demand Growth in Urban Areas: As urbanization continues, the need for storage solutions in densely populated areas is expected to rise. CubeSmart can capitalize on this trend by expanding its presence in urban markets.
  • Acquisitions and Partnerships: The company can explore opportunities to acquire existing storage facilities or form strategic partnerships to expand its network and customer base.
  • Expansion into New Services: CubeSmart can explore diversification by offering additional services such as moving assistance, packing supplies, or document shredding, which can attract new customers and increase revenue.

Threats

  • Intense Competition: The self-storage industry is highly competitive, with numerous national and local players. CubeSmart faces the risk of losing market share to competitors with similar offerings or lower prices.
  • Economic Volatility: Economic downturns can negatively impact consumer spending, leading to reduced demand for self-storage services.
  • Regulatory Challenges: CubeSmart is subject to various regulations related to zoning, building codes, and occupancy limits. Complying with these regulations and potential changes in them can pose operational challenges.

Sources and methodology

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