A Brief History of CubeSmart (CUBE)

CubeSmart is a self-storage company that was founded in July 2004. The company's headquarters are located in Malvern, Pennsylvania. Since its inception, CubeSmart has become one of the largest self-storage companies in the United States.

The company went public in July 2004 under the ticker symbol CUBE on the New York Stock Exchange. CubeSmart has grown rapidly through a series of acquisitions and strategic partnerships.

• 2006: CubeSmart acquired a portfolio of self-storage facilities from Public Storage, expanding its presence in key markets.
• 2010: CubeSmart rebranded itself from U-Store-It Trust to CubeSmart, reflecting its focus on providing smart storage solutions.
• 2015: CubeSmart acquired All Storage, a self-storage operator with facilities in Texas and Oklahoma, further expanding its footprint in the southern United States.
• 2019: CubeSmart announced a strategic partnership with SmartStop Self Storage REIT, Inc., enhancing its presence in markets across the country.

Today, CubeSmart operates over 1,200 self-storage facilities across the United States, providing customers with convenient and secure storage solutions. The company continues to focus on innovation and customer service to maintain its position as a leader in the self-storage industry.

Who Owns CubeSmart (CUBE)

CubeSmart is a self-storage real estate investment trust (REIT) that owns or manages more than 1,200 self-storage facilities across the United States. As a publicly traded company, CubeSmart is owned by a combination of individual and institutional investors who hold shares of the company's stock.

The largest shareholders of CubeSmart are institutional investors, including mutual funds, pension funds, and other financial institutions. These institutional investors own significant portions of CubeSmart's outstanding shares and play a major role in shaping the company's strategic direction and financial performance.

Some of the top institutional investors in CubeSmart include The Vanguard Group, BlackRock Inc., and State Street Corporation. These institutional investors hold large stakes in CubeSmart and have a significant influence on the company's operations and decision-making processes.

In addition to institutional investors, CubeSmart is also owned by individual investors who purchase shares of the company's stock through public stock exchanges. These individual investors may include retail investors, high net-worth individuals, and other stakeholders who have an interest in CubeSmart's business and financial performance.

• The Vanguard Group: As one of the largest investment management companies in the world, The Vanguard Group owns a significant stake in CubeSmart and plays a key role in shaping the company's strategic direction.
• BlackRock Inc.: Another major institutional investor in CubeSmart, BlackRock Inc. holds a substantial portion of the company's outstanding shares and influences its financial performance.
• State Street Corporation: A leading financial services company, State Street Corporation is also a key shareholder in CubeSmart and has a significant impact on the company's operations.

CubeSmart (CUBE) Mission Statement

At CubeSmart, our mission is to provide self-storage solutions that are convenient, secure, and reliable. We strive to create a positive experience for our customers by offering clean, well-maintained facilities and exceptional customer service.

Our commitment to delivering peace of mind to our customers drives everything we do. We understand that storing belongings is not just about physical space, but also about trust and security. That's why we go above and beyond to ensure that our facilities are safe and our customers feel confident in our services.

We believe in making storage simple and stress-free. Whether our customers are downsizing, moving, or just need extra space, we aim to provide solutions that fit their needs and budget. Our transparent pricing and flexible rental options make it easy for customers to find the right storage solution for them.

In addition to providing top-notch storage facilities, CubeSmart is also committed to giving back to the communities we serve. We partner with local organizations and charities to support those in need and make a positive impact in the areas where we operate.

At CubeSmart, we are dedicated to exceeding our customers' expectations and continually improving our services. By staying true to our mission and values, we aim to be the leading provider of self-storage solutions for individuals and businesses across the country.

How CubeSmart (CUBE) Works

CubeSmart is a self-storage real estate investment trust (REIT) that owns and operates self-storage facilities throughout the United States. The company works by providing individuals and businesses with storage solutions for their belongings, whether they need short-term or long-term storage.

Here are some key points on how CubeSmart operates:

• Property Acquisition: CubeSmart acquires existing self-storage facilities or develops new ones in strategic locations to meet the storage needs of customers.
• Facility Management: Once a property is acquired, CubeSmart manages the day-to-day operations of the facility, including renting out storage units, maintaining the property, and ensuring customer satisfaction.
• Technology Integration: CubeSmart utilizes technology to streamline the rental process for customers, allowing them to easily reserve and access their storage units online or through a mobile app.
• Customer Service: CubeSmart prides itself on providing excellent customer service, with knowledgeable staff available to assist customers with their storage needs and inquiries.
• Security Measures: CubeSmart prioritizes the security of its facilities and implements measures such as 24-hour video surveillance, gated access, and secure locks on storage units to protect customers' belongings.
• Sustainability Efforts: CubeSmart is committed to sustainability and incorporates eco-friendly practices into its operations, such as energy-efficient lighting and recycling programs.

How CubeSmart (CUBE) Makes Money

CubeSmart is a self-storage real estate investment trust (REIT) that makes money through a variety of revenue streams associated with its storage facilities. Here are some of the key ways CubeSmart generates income:

• Rental Income: The primary source of revenue for CubeSmart is rental income from customers who store their belongings in the company's storage units. Customers pay a monthly fee to use the facilities, creating a steady stream of income for CubeSmart.
• Add-On Services: CubeSmart offers additional services such as moving supplies, truck rentals, and insurance to customers. These add-on services provide an extra revenue stream for the company.
• Property Management Fees: CubeSmart also generates income through property management fees. The company manages self-storage facilities on behalf of third-party owners, earning a fee for its services.
• Acquisitions and Development: CubeSmart grows its revenue through acquisitions of existing storage facilities and development of new properties. By expanding its portfolio of storage facilities, CubeSmart increases its rental income and overall revenue.
• Third-Party Management: In addition to managing its own properties, CubeSmart offers third-party management services to other self-storage owners. This creates an additional source of income for the company.
• Interest and Other Income: CubeSmart may also earn income from interest on loans, investment income, and other miscellaneous sources. These additional revenue streams contribute to the company's overall financial performance.