CUBE on NYSE

CubeSmart

Real estate investment trust

CubeSmart is a real estate investment trust that invests in self storage facilities in the United States. As of December 31, 2024, it owned 631 self storage properties in 25 states and the District of Columbia containing 45.8 million rentable square feet. It is the 3rd largest self storage company in the United States.3 Wikipedia text CC BY-SA 4.0

Price unavailable

Last updated Oct 21, 2026.

Overview

Jul 2004Founded1

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  • TickerCUBE on NYSE1
  • Industryreal estate investment trust, self storage1
  • HeadquartersMalvern1
  • Founded inMaryland1
  • Websitewww.cubesmart.com
  • Incorporated inMD5
  • Business address5 Old Lancaster Road, Malvern, Pa 193555
  • Filer categoryLarge accelerated filer5
  • Legal formLimited Partnership4
  • Kind of organizationLimited partnership1
  • LEI549300MPHKO3I3FJRA974
  • StatusActive4
  • LEI statusIssued and current4
  • Registered addressC/O THE CORPORATION TRUST COMPANY, 19801 Wilmington, United States4
  • Registered withDivision of Corporations, Department of State, 26474154
CubeSmart
Photo: 123Apple1234, CC BY-SA 4.0, via Wikimedia Commons8

CubeSmart is a real estate investment trust that invests in self storage facilities in the United States. As of December 31, 2024, it owned 631 self storage properties in 25 states and the District of Columbia containing 45.8 million rentable square feet. It is the 3rd largest self storage company in the United States.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

29.5%Net margin9
5.3%Revenue growth, 20259
12.2%Return on equity9

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Real Estate, Other brought in 76% of the revenue CubeSmart broke down this way in fiscal 2025.

  1. Real Estate, Other$126.2M976%up 11% from 2024
  2. Management Service$40.2M924%down 3% from 2024
Products and services by year
Products and services202320242025
Real Estate, Other$101.8M$113.6M$126.2M
Management Service$36.5M$41.4M$40.2M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue31¢$351.4M
  • Other costs39¢$440.4M
  • Profit29¢$331.3M

Out of $1.1B in revenue.9

Where each dollar of operating cash went, fiscal 2025

  • Dividends paid78¢$476.3M
  • Share buybacks5¢$31.9M
  • Kept or used elsewhere16¢$100.3M

Out of $608.5M of cash from operations.9

Financial statements

Revenue101112139$1.1B in 2025+74% since 2019
0$500.0M$1.0B$1.5B2019: $643.9M$643.9M20192020: $679.2M$679.2M2020+5%2021: $822.6M$822.6M2021+21%2022: $1.0B$1.0B2022+23%2023: $1.1B$1.1B2023+4%2024: $1.1B$1.1B2024+2%2025: $1.1B$1.1B2025+5%
Net income101112139$331.3M in 2025+94% since 2019
0$200.0M$400.0M$600.0M2019: $170.8M$170.8M20192020: $167.6M$167.6M2020−2%2021: $230.8M$230.8M2021+38%2022: $292.5M$292.5M2022+27%2023: $412.4M$412.4M2023+41%2024: $391.9M$391.9M2024−5%2025: $331.3M$331.3M2025−15%

Every line of the income statement as filed: the last 3 fiscal years, latest first.9

Period ending2025-12-312024-12-312023-12-31
Rental income$956.6M$911.2M$912.0M
Total revenues$1.1B$1.1B$1.1B
Property operating expenses$351.4M$317.8M$294.8M
Depreciation and amortization$258.2M$205.7M$201.2M
General and administrative$64.7M$59.7M$57.0M
Total operating expenses$674.2M$583.1M$553.1M
Interest expense on loans-$114.1M-$90.8M-$93.1M
Loan procurement amortization expense-$5.0M-$4.1M-$4.1M
Loss on early extinguishment of debt-$3.7M
Equity in earnings of real estate ventures$2.5M$2.5M$6.1M
Other$2.7M$1.2M$6.3M
Total other expense-$117.6M-$91.2M-$84.8M
NET INCOME$331.3M$391.9M$412.4M
Net income attributable to noncontrolling interests in the Operating Partnership-$1.6M-$2.2M-$2.5M
Net loss attributable to noncontrolling interests in subsidiaries$4.1M$1.5M$857.0K
NET INCOME ATTRIBUTABLE TO THE COMPANY$333.8M$391.2M$410.8M
Basic earnings per share attributable to common shareholders (in dollars per share)$1.46$1.73$1.82
Diluted earnings per share attributable to common shareholders (in dollars per share)$1.46$1.72$1.82
Weighted average basic units outstanding (in shares)228.7M shares226.4M shares225.4M shares
Weighted average diluted shares outstanding (in shares)229.2M shares227.2M shares226.2M shares

Compare CubeSmart with another company

Corporate structure

CubeSmart sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of CubeSmart

  • CubeSmart Wilmington, Delaware, United States

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What CubeSmart reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Finance-lease assets$41.9M9 Dec 31, 2025$41.9M9 Dec 31, 20240%
Operating-lease assets (leased space)$48.4M9 Dec 31, 2025$49.4M9 Dec 31, 2024−2.1%

Real estate and locations

ItemLatestA year beforeChange
Real estate investments, net$6.4B9 Dec 31, 2025$6.0B9 Dec 31, 2024+5.6%
Real estate investments, at cost$8.1B9 Dec 31, 2025$7.6B9 Dec 31, 2024+6.6%
Real estate accumulated depreciation$1.8B9 Dec 31, 2025$1.6B9 Dec 31, 2024+10.5%
Real estate properties6629 Dec 31, 202563113 Dec 31, 2024+4.9%
Area of real estate48.4 million sq ft9 Dec 31, 202545.8 million sq ft13 Dec 31, 2024+5.6%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$5.8M9 Dec 31, 2025$71.6M9 Dec 31, 2024−91.9%
Stakes in other companies (equity method)$74.0M9 Dec 31, 2025$92.0M9 Dec 31, 2024−19.5%

Intangibles and goodwill

ItemLatestA year beforeChange
Intangible assets, net (excluding goodwill)$7.8M9 Dec 31, 2025$10.3M9 Dec 31, 2024−24.6%
Accumulated amortization$26.9M9 Dec 31, 2025$1.8M9 Dec 31, 2024+1408.4%

Properties, in its own words

As of December 31, 2025, we owned (or partially owned and consolidated) 662 self-storage properties that contained an aggregate of approximately 48.4 million rentable square feet and are located in 25 states and the District of Columbia. The following table sets forth summary information regarding our stores by state as of December 31, 2025.

Total · % of Total

The rest of Item 2

Number of · Number of · Rentable · Rentable · Ending

State · Stores · Units · Square Feet · Square Feet · Occupancy

Texas · 98 · 63,324 · 7,424,649 · 15.3 · 88.7

Florida · 95 · 68,736 · 7,171,875 · 14.8 · 88.0

New York · 61 · 86,603 · 4,878,237 · 10.1 · 88.5

California · 63 · 45,190 · 4,786,592 · 9.9 · 88.2

Arizona · 51 · 29,332 · 3,319,447 · 6.9 · 86.8

Illinois · 47 · 29,514 · 3,167,028 · 6.5 · 90.7

New Jersey · 30 · 22,575 · 2,161,598 · 4.5 · 89.3

Maryland · 22 · 19,014 · 1,860,407 · 3.8 · 86.3

Georgia · 24 · 15,454 · 1,806,693 · 3.7 · 85.5

Nevada · 22 · 14,544 · 1,714,978 · 3.5 · 91.0

Connecticut · 27 · 13,770 · 1,551,182 · 3.2 · 85.7

Ohio · 20 · 11,081 · 1,294,628 · 2.7 · 87.5

Massachusetts · 20 · 13,066 · 1,252,530 · 2.6 · 87.8

Virginia · 11 · 11,026 · 1,060,247 · 2.2 · 88.8

Pennsylvania · 14 · 10,257 · 1,032,539 · 2.1 · 87.7

Tennessee · 9 · 5,699 · 755,798 · 1.6 · 85.6

Colorado · 10 · 5,493 · 654,122 · 1.4 · 89.3

North Carolina · 9 · 5,344 · 612,023 · 1.3 · 88.0

South Carolina · 8 · 3,872 · 432,324 · 0.9 · 85.9

Washington D.C. · 5 · 5,293 · 410,676 · 0.9 · 85.0

Rhode Island · 4 · 2,023 · 247,305 · 0.5 · 89.6

Minnesota · 3 · 2,450 · 246,115 · 0.5 · 91.6

Utah · 4 · 2,514 · 236,063 · 0.5 · 86.4

New Mexico · 3 · 1,686 · 182,261 · 0.4 · 82.3

Indiana · 1 · 584 · 70,486 · 0.1 · 91.3

Oregon · 1 · 560 · 59,863 · 0.1 · 90.7

Total/Weighted average · 662 · 489,004 · 48,389,666 · 100.0 · 88.1

We have grown by adding stores to our portfolio through acquisitions and development. The tables set forth below show the ending occupancy, annual rent per occupied square foot and total revenues related to our stores owned as of December 31, 2025, and for each of the previous three years, grouped by the year during which we first owned or operated the store.

Stores by Year Acquired/Developed– Ending Occupancy

Number of · Rentable · Ending Occupancy

Year Acquired/Developed (1) · Stores · Square Feet · 2025 · 2024 · 2023

2022 and earlier · 610 · 44,123,529 · 88.4 · 89.1 · 89.8

2023 · 1 · 74,465 · 92.9 · 89.3 · 87.6

2024 · 20 · 1,667,065 · 84.3 · 78.8 · —

2025 · 31 · 2,524,607 · 85.4 · — · —

All stores owned as of December 31, 2025 · 662 · 48,389,666 · 88.1 · 88.8 · 89.8

Stores by Year Acquired/Developed - Annual Rent Per Occupied Square Foot (2)

Number of · Annual Rent per Square Foot

Year Acquired/Developed (1) · Stores · 2025 · 2024 · 2023

2022 and earlier · 610 · 23.62 · 23.64 · 23.43

2023 · 1 · 25.59 · 26.41 · 28.01

2024 · 20 · 15.17 · 16.33 · —

2025 · 31 · 20.28 · — · —

All stores owned as of December 31, 2025 · 662 · 23.29 · 23.46 · 23.54

Stores by Year Acquired/Developed - Total Revenues (dollars in thousands)

Number of · Total Revenues

Year Acquired/Developed (1) · Stores · 2025 · 2024 · 2023

2022 and earlier · 610 · 994,641 · 996,105 · 996,175

2023 · 1 · 1,871 · 1,873 · 114

2024 · 20 · 22,030 · 3,741 · —

2025 · 31 · 38,617 · — · —

All stores owned as of December 31, 2025 · 662 · 1,057,159 · 1,001,719 · 996,289

(1) · Represents the year acquired/developed for those stores we acquired from a third party or the year placed in service for those stores we developed. Tables do not include 2023 results for one development property that was partially completed during the year ended December 31, 2023. This development property was fully completed during the year ended December 31, 2024.

(2) · Determined by dividing the aggregate rental revenue for each twelve-month period by the average of the month-end occupied square feet for the period. Rental revenue includes the impact of promotional discounts, which reduce rental income over the promotional period, of $24.2 million, $22.7 million and $19.4 million for the periods ended December 31, 2025, 2024 and 2023, respectively.

Unconsolidated Real Estate Ventures

As of December 31, 2025, we held ownership interests ranging from 10% to 50% in five unconsolidated real estate ventures for an aggregate investment carrying value of $74.0 million. We hold interests in these real estate ventures with unaffiliated third parties to own, operate, and acquire self-storage properties in select markets. As of December 31, 2025, these real estate ventures owned a total of 49 self-storage properties that contained an aggregate of approximately 3.3 million rentable square feet. The self-storage properties owned by these real estate ventures are managed by us and are located in California (2), Connecticut (3), Florida (2), Massachusetts (6), New Jersey (3), New York (1), North Carolina (1), Rhode Island (2), Texas (27) and Vermont (2).

We do not consolidate the assets and liabilities of each of the real estate ventures in our financial statements.

We account for our investments in real estate ventures using the equity method of accounting when it is determined that we have the ability to exercise significant influence over the venture. See note 5 to our consolidated financial statements for further disclosure regarding the assets, liabilities and operating results of our unconsolidated real estate ventures which we account for using the equity method of accounting.

Capital Expenditures

We have a capital improvement program that covers office upgrades, climate-control enhancements, solar panel installations and other store upgrades. In 2026, we anticipate spending approximately $20.0 million to $25.0 million associated with these capital expenditures. In 2026, we also anticipate spending approximately $27.5 million to $32.5 million on recurring capital expenditures and approximately $0.5 million to $2.0 million on the development of new self-storage properties.

Item 2 of the 10-K filed Feb 27, 2026.19

The story

The company was founded in July 2004 as U-Store-It Trust.

In October 2004, the company became a public company via an initial public offering.

In December 2008, the company transferred its headquarters to Malvern, Pennsylvania.

On September 14, 2011, the company changed its name to CubeSmart.

In December 2021, the company acquired Storage West for $1.7 billion.

From Wikipedia’s article on CubeSmart, shared under CC BY-SA 4.0.6

Leadership

Who has led CubeSmart, and when. Pick a name to see everywhere that person has worked.

Board members and other officers (27)

Products and brands

  • self storage

Listed on Wikidata.1

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • 1 Ellis St, LLC Delaware7
  • 1038 W 35TH ST., LLC Delaware7
  • 10400 Riverside Drive, LLC Delaware7
  • 1074 RARITAN ROAD TRS, LLC Delaware7
  • 1074 Raritan Road, LLC Delaware7
  • 111 Cedar Street Investors, LLC Delaware7
  • 115 Cedar Street Investors, LLC Delaware7
  • 1518 S Washington Ave, LLC Delaware7
  • 1830 E ROOSEVELT RD., LLC Delaware7
  • 186 JAMAICA AVE, LLC Delaware7
  • 191 III CUBE GA SUB LLC Delaware7
  • 191 IV 9199 RED BRANCH ROAD, LLC Delaware7
  • 191 V 1500 NORTHPARK DRIVE, LLC Delaware7
  • 191 V CUBE LLC Delaware7
  • 191 V CUBE MEZZANINE, LLC Delaware7
  • 2225 46TH ST, LLC Delaware7
  • 2301 TILLOTSON AVE, LLC Delaware7
  • 251 JAMAICA AVE, LLC Delaware7
  • 2880 Exterior St, LLC Delaware7
  • 300 E IL ROUTE 22, LLC Delaware7
  • 3068 CROPSEY AVENUE, LLC Delaware7
  • 33-24 Woodside Avenue, LLC Delaware7
  • 3437 Astoria LLC Delaware7
  • 3437 Astoria TRS, LLC Delaware7
All 129 listed subsidiaries
  • 350 Main Street TRS, LLC Delaware7
  • 350 Main Street, LLC Delaware7
  • 3526 OAKTON ST., LLC Delaware7
  • 38-01 47TH Avenue, LLC Delaware7
  • 41-06 Delong Street - Retail, LLC Delaware7
  • 41-06 Delong Street, LLC Delaware7
  • 444 55TH STREET, LLC Delaware7
  • 5 Old Lancaster Associates, LLC Pennsylvania7
  • 500 MILDRED AVENUE PRIMOS, LLC Delaware7
  • 619 Somerset St, LLC Delaware7
  • 7605-7645 QUINCY AVE, LLC Delaware7
  • 8 Breiderhoft Rd, LLC Delaware7
  • 9641 Annapolis Road, LLC Delaware7
  • Astoria Investors, LLC Delaware7
  • CBPR STORAGE VENTURE, LLC Delaware7
  • CS 1031 Acquisition, LLC Delaware7
  • CS 1158 MCDONALD AVE, LLC Delaware7
  • CS 160 EAST 22ND ST, LLC Delaware7
  • CS 2087 HEMPSTEAD TPK, LLC Delaware7
  • CS 750 W MERRICK RD, LLC Delaware7
  • CS ANNAPOLIS, LLC Delaware7
  • CS CAPITAL INVESTORS, LLC Delaware7
  • CS CB 1650 E. Lamar Road, LLC Delaware7
  • CS DFW Metro Storage Partners, LLC Delaware7
  • CS FLORIDA AVENUE, LLC Delaware7
  • CS LOCK UP ANOKA TRS, LLC Delaware7
  • CS LOCK UP ANOKA, LLC Delaware7
  • CS SHIRLINGTON, LLC Delaware7
  • CS SNL NEW YORK AVE, LLC Delaware7
  • CS VALLEY FORGE VILLAGE STORAGE TRS, LLC Delaware7
  • CS VALLEY FORGE VILLAGE STORAGE, LLC Delaware7
  • CS Vienna TRS, LLC Delaware7
  • CS Vienna, LLC Delaware7
  • CUBE HHF Limited Partnership Delaware7
  • CUBE HHF NORTHEAST CT, LLC Delaware7
  • CUBE HHF NORTHEAST MA, LLC Delaware7
  • CUBE HHF NORTHEAST RI, LLC Delaware7
  • CUBE HHF NORTHEAST SUB HOLDINGS LLC Delaware7
  • CUBE HHF NORTHEAST TRS, LLC Delaware7
  • CUBE HHF NORTHEAST VENTURE LLC Delaware7
  • CUBE HHF NORTHEAST VT, LLC Delaware7
  • CUBE HHF TRS, LLC Delaware7
  • CUBE V TRS LLC Delaware7
  • CUBE VENTURE GP, LLC Delaware7
  • CUBEIT, LLC Delaware7
  • CUBESMART 338 3RD AVENUE, LLC Delaware7
  • CUBESMART 39-25 21ST STREET, LLC Delaware7
  • CUBESMART BARTOW, LLC Delaware7
  • CUBESMART BOSTON ROAD, LLC Delaware7
  • CUBESMART EAST 135TH, LLC Delaware7
  • CUBESMART SOUTHERN BLVD, LLC Delaware7
  • California Yacht Club California7
  • Club Holding Corp. California7
  • CubeSmart Maryland7
  • CubeSmart Asset Management, LLC Delaware7
  • CubeSmart Management, LLC Delaware7
  • CubeSmart TRS, Inc. Ohio7
  • CubeSmart, L.P. Delaware7
  • DFW METRO SS LP Texas7
  • DFW METRO SS TRS LLC Delaware7
  • Fontana Self Storage TRS, LLC Delaware7
  • Fontana Self Storage, LLC Delaware7
  • HT CHELSEA SS LP Delaware7
  • HT COUNTRY CLUB SS LP Delaware7
  • HT COUNTRY CLUB SS OWNER LLC Delaware7
  • HT COUNTRY CLUB SS OWNER LP Texas7
  • HT CREEK VALLEY SS LP Delaware7
  • HT CREEK VALLEY SS OWNER LP Texas7
  • HT Chelsea SS Owner GP LLC Delaware7
  • HT Chelsea SS Owner LP Texas7
  • HT Chelsea SS TRS LLC Delaware7
  • HT Creek Valley SS Owner LLC Delaware7
  • HT DFW METRO SS LP Delaware7
  • HT DFW METRO SS OWNER LLC Delaware7
  • HT EXCHANGE PKWY SS LP Delaware7
  • HT EXCHANGE PKWY SS OWNER LLC Delaware7
  • HT EXCHANGE PKWY SS OWNER LP Texas7
  • HT LUNA RD SS LP Delaware7
  • HT LUNA RD SS OWNER LLC Delaware7
  • HT LUNA RD SS OWNER LP Texas7
  • HT N AVE SS LP Delaware7
  • HT N AVE SS OWNER LLC Delaware7
  • HT N AVE SS OWNER LP Texas7
  • LAACO, Ltd. California7
  • Lantana Property Owner's Association, Inc. Florida7
  • New Rochelle Investors, LLC Delaware7
  • Nuvo Business Center at the Gardens Property Owners Association, Inc. Florida7
  • Old Lancaster Venture, L.P. Pennsylvania7
  • PSI Atlantic Holbrook NY, LLC Delaware7
  • PSI Atlantic Lithia Springs GA, LLC Delaware7
  • PSI Atlantic Villa Rica GA, LLC Delaware7
  • PSI Atlantic Villa Rica Parcel Owner, LLC Delaware7
  • R STREET STORAGE ASSOCIATES, LLC Maryland7
  • Rancho Cucamonga Self Storage TRS, LLC Delaware7
  • Rancho Cucamonga Self Storage, LLC Delaware7
  • SHIRLINGTON RD TRS, LLC Delaware7
  • SHIRLINGTON RD, LLC Delaware7
  • U-Store-It Development LLC Delaware7
  • U-Store-It Trust Luxembourg S.ar.l. Luxembourg7
  • Valley Forge Storage Venture, LLC Delaware7
  • Wider Reach, LLC Delaware7
  • YSI HART TRS, INC Delaware7
  • YSI II LLC Delaware7
  • YSI XXXIII, LLC Delaware7
  • YSI XXXVII, LLC Delaware7

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Former names

  • U-Store-It TrustAug 2, 2004 to Aug 30, 20115

Timeline

  1. Sep 14, 20268-K Results of operations; Regulation FD disclosure53
  2. Jul 31, 20268-K Results of operations; Regulation FD disclosure54
  3. Jun 24, 20268-K Entered a material agreement; New debt or obligation55
  4. Jun 1, 20268-K Results of operations; Regulation FD disclosure56
  5. May 19, 20268-K Shareholder vote57
  6. May 14, 20268-K Results of operations; Regulation FD disclosure58
  7. May 4, 20268-K Results of operations; Regulation FD disclosure59
  8. May 1, 20268-K Results of operations; Regulation FD disclosure60
  9. Mar 2, 20268-K Results of operations; Regulation FD disclosure61
  10. Mar 2, 20268-K Financial statements and exhibits62
  11. Feb 27, 20268-K Results of operations; Regulation FD disclosure63
  12. Jan 7, 20268-K Results of operations; Regulation FD disclosure64
  13. Jan 15, 2014New chief executive Christopher P. Marr becomes CEO20
  14. Sep 19, 2011Went public Listed on NYSE1
  15. Apr 24, 2006New chief executive Dean Jernigan becomes CEO22
  16. Jan 11, 2006New chief executive Robert J. Amsdell becomes CEO21
  17. Jul 2004Founded Founded in Maryland1

Calendar

Coming up

  1. Oct 29, 2026 · After the closeReports results for the quarter ending Sep/2026 A year earlier it reported $0.65 a share, on Oct 30, 2025.65

When it reported results

  1. Sep 14, 2026Reported quarterly or annual results53
  2. Jul 31, 2026Reported quarterly or annual results54
  3. Jun 1, 2026Reported quarterly or annual results56
  4. May 14, 2026Reported quarterly or annual results58
  5. May 4, 2026Reported quarterly or annual results59
  6. May 1, 2026Reported quarterly or annual results60
  7. Mar 2, 2026Reported quarterly or annual results61
  8. Feb 27, 2026Reported quarterly or annual results63

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

323 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 73 major events, 154 insider forms, 27 large holders, 49 other. The latest 20:

  1. Sep 14, 20268-K EDGAR
  2. Jul 31, 202610-Q EDGAR
  3. Jul 31, 20268-K EDGAR
  4. Jul 16, 20264 EDGAR
  5. Jul 16, 20264 EDGAR
  6. Jul 16, 20264 EDGAR
  7. Jun 24, 20268-K EDGAR
  8. Jun 12, 20264 EDGAR
  9. Jun 1, 20268-K EDGAR
  10. May 20, 20264 EDGAR
  11. May 20, 20264 EDGAR
  12. May 20, 20264 EDGAR
  13. May 20, 20264 EDGAR
  14. May 20, 20264 EDGAR
  15. May 20, 20264 EDGAR
  16. May 20, 20264 EDGAR
  17. May 20, 20264 EDGAR
  18. May 19, 20268-K EDGAR
  19. May 19, 20263 EDGAR
  20. May 19, 20263 EDGAR

The 323 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

18 open-market trades by officers, directors and large owners since October 2021: 0 buys and 18 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Jun 10, 2026MARR CHRISTOPHER PCEOSale108,932$42.24$4.6MForm 4
Mar 3, 2026Foster Jeffrey PCLO & SecretarySale23,148$41.02$949.5KForm 4
Dec 15, 2025MARR CHRISTOPHER PCEOSale679$36.55$24.8KForm 4
Dec 12, 2025MARR CHRISTOPHER PCEOSale46,925$36.55$1.7MForm 4
May 5, 2025Foster Jeffrey PCLO & SecretarySale18,616$42.17$785.0KForm 4
Sep 13, 2024DeNarie Matthew DChief Accounting OfficerSale868$53.64$46.6KForm 4
Sep 11, 2024Schulte JenniferChief Human Resources OfficerSale15,942$52.56$837.9KForm 4
Aug 14, 2024MARTIN TIMOTHY MCFOSale30,765$49.02$1.5MForm 4
Aug 13, 2024MARR CHRISTOPHER PCEOSale37,906$48.66$1.8MForm 4
Aug 7, 2024MARR CHRISTOPHER PCEOSale37,000$48.45$1.8MForm 4
Aug 6, 2024Keaton Joel DCOOSale43,478$47.97$2.1MForm 4
Aug 5, 2024Foster Jeffrey PCLO & SecretarySale7,739$47.30$366.1KForm 4
Mar 4, 2024Keaton Joel DCOOSale8,026$44.58$357.8KForm 4
Jun 7, 2023MARR CHRISTOPHER PCEOSale22,057$45.41$1.0MForm 4
Jun 5, 2023MARR CHRISTOPHER PCEOSale16,948$45.10$764.4KForm 4
Jun 5, 2023Foster Jeffrey PCLO & SecretarySale15,000$45.05$675.8KForm 4
May 5, 2023MARTIN TIMOTHY MCFOSale42,537$45.87$2.0MForm 4
Mar 3, 2023MARR CHRISTOPHER PCEOSale19,000$48.33$918.3KForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
BlackRock, Inc.33,924,159$1.3B0.0%+707,395
Vanguard Portfolio Management LLC19,495,185$775.3M0.0%+61,972
Norges Bank12,236,433$486.6M0.0%New
State Street Corp11,037,783$439.0M0.0%−157,097
Vanguard Capital Management LLC10,240,990$407.3M0.0%−3,848
Fmr LLC7,515,446$298.9M0.0%+112,088
Aqr Capital Management LLC7,279,554$289.5M0.1%+5,135,312
Canada Pension Plan Investment Board7,254,520$288.5M0.2%−11,200
Geode Capital Management, LLC4,767,570$189.6M0.0%+13,215
Charles Schwab Investment Management Inc3,762,337$149.6M0.0%+173,979
Cbre Investment Management Listed Real Assets LLC3,359,278$133.6M1.9%+264,987
Dimensional Fund Advisors LP3,352,420$133.3M0.0%−2,501
Northern Trust Corp3,348,078$133.2M0.0%+15,967
Duff & Phelps Investment Management Co3,239,472$128.8M1.2%+501,816
Jpmorgan Chase & Co2,745,082$112.2M0.0%−1,055,237
Millennium Management LLC2,693,221$107.1M0.1%−499,840
Daiwa Securities Group Inc.2,449,870$97.4M0.2%+2,359,608
Arrowstreet Capital, Limited Partnership2,421,670$96.3M0.0%+1,590,580
Lasalle Investment Management Securities LLC2,343,438$93.2M3.3%+1,052,226
Aew Capital Management L P2,292,708$91.2M5.4%+170,983
Alliancebernstein L.P.2,277,505$83.5M0.0%−181,494
Alyeska Investment Group, L.P.2,060,726$82.0M0.2%−384,743
Bank of New York Mellon Corp1,865,695$74.2M0.0%−50,782
Nuveen, LLC1,854,504$73.8M0.0%+2,821
UBS Group AG1,736,112$69.0M0.0%+327,957

13F reports cover disclosed long positions in U.S. stocks only.

Members of Congress who traded it

4 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.

DateMemberTradeAmountVs S&P sinceFiling
Aug 13, 2025Lisa C. McClainRepublican, HouseSale$1,001 - $15,000+21.1%Report
Aug 4, 2025Lisa C. McClainRepublican, HouseBuy$1,001 - $15,000−24.1%Report
Sep 21, 2023Pete RickettsRepublican, SenateSale$50,001 - $100,000+78.7%Report
Jul 12, 2023Daniel S. GoldmanDemocratic, HouseSale$1,001 - $15,000+87.8%Report

Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).

SEC filer profile

How CubeSmart is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARCubeSmart2
  • CIK0001298675
  • Employer ID (EIN)20-102473219
  • Filer statusLarge accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company19
  • Incorporated inMaryland19
  • Fiscal year endsDecember 312
  • Industry code (SIC)6798 Real Estate Investment Trusts2
  • SEC reviewing officeOffice of Real Estate & Construction, Division of Corporation Finance2
  • Business address5 Old Lancaster Road, Malvern, PA 193552
  • Phone610-535-57002
  • Shares outstanding226,413,630 as of Apr 29, 202614
  • Public float$9.7B as of Jun 30, 202519
  • AuditorKPMG LLP, Philadelphia, Pennsylvania PCAOB ID 185; it also attests to the company’s internal control over financial reporting19
  • On EDGAR sinceAug 2, 20042
  • Filings1,601 in all: 4 (793), 8-K (330), SC 13G/A (84), 10-Q (66), 424B5 (45), 3 (38), SC 13G (24), 10-K (22)2
    All 47 form types

    DEF 14A (22), 144 (18), ARS (18), DEFA14A (17), UPLOAD (12), 4/A (11), FWP (11), CORRESP (10), S-3ASR (8), S-8 (8), 8-K/A (7), SC 13D/A (7), 11-K (5), S-11/A (5), SCHEDULE 13G (5), SCHEDULE 13G/A (3), 424B4 (2), 8-A12B (2), CERTNYS (2), EFFECT (2), NT 11-K (2), POS AM (2), PRE 14A (2), S-11 (2), SC 13D (2), 11-K/A (1), 15-15D (1), 25 (1), 25-NSE (1), 424B3 (1), 5 (1), DEFR14A (1), NT 10-K (1), POSASR (1), REGDEX (1), REGDEX/A (1), S-11MEF (1), S-3 (1), S-8 POS (1)

  • Latest filingsAnnual report (10-K) Feb 27, 2026
    Quarterly report (10-Q) Jul 31, 2026
    Proxy statement (DEF 14A) Apr 3, 2026
    Latest 8-K (8-K) Sep 14, 2026

Securities registered for trading

ClassSymbolExchange
Common Shares, $0.01 par value per share, of CubeSmartCUBENew York Stock Exchange

From the cover page of the 10-K filed Feb 27, 2026 (Section 12(b) of the Exchange Act).19

Risk factors and legal proceedings

The risks CubeSmart names in Item 1A of its 10-K filed Feb 27, 2026: 51 risks under these headings, as written.19

  • Risks Related to our Business and Operations
  • Adverse macroeconomic and business conditions may significantly and negatively affect our rental rates, occupancy levels and therefore our results of operations.
  • Our financial performance is dependent upon economic and other conditions of the markets in which our stores are located.
  • We face risks associated with property acquisitions.
  • We will incur costs and will face integration challenges when we acquire or develop additional stores.
  • The acquisition of new stores that lack operating history with us will make it more difficult to predict financial performance.
  • Our development activities may be more costly or difficult to complete than we anticipate.
  • We depend on external sources of capital that are outside of our control; the unavailability of capital from external sources could adversely affect our ability to acquire or develop stores, satisfy our debt obligations and/or make distributions to shareholders.
  • If we are unable to promptly re-lease our cubes or if the rates upon such re-leasing are significantly lower than expected, our business and results of operations would be adversely affected.
  • Store ownership through joint ventures may limit our ability to act exclusively in our interest.
  • We face significant competition for customers and acquisition and development opportunities.
  • Potential losses may not be covered by insurance.
The other 40 risks
  • Our insurance coverage may not comply with certain loan requirements.
  • We are subject to risks from the consequences of climate change, including severe weather events, as well as the transition to a low-carbon economy and other steps taken to prevent or mitigate climate change.
  • Potential liability for environmental contamination could result in substantial costs.
  • Americans with Disabilities Act and applicable state accessibility act compliance may require unanticipated expenditures.
  • We face system security risks as we depend upon automated processes and the internet, and breaches of, or failures in the performance of, our information technology systems could damage our reputation, cause us to incur substantial additional costs and subject us to litigation.
  • Risks Related to the Real Estate Industry
  • Our performance and the value of our self-storage properties are subject to risks associated with our properties and with the real estate industry.
  • Rental revenues are significantly influenced by demand for self-storage space generally, and a decrease in such demand would likely have a greater adverse effect on our rental revenues than if we owned a more diversified real estate portfolio.
  • Because real estate is illiquid, we may not be able to sell properties when appropriate.
  • Risks Related to our Qualification and Operation as a REIT
  • Failure to qualify as a REIT would subject us to U.S. federal income tax which would reduce the cash available for distribution to our shareholders.
  • Failure of the Operating Partnership (or a subsidiary partnership or joint venture) to be treated as a partnership would have serious adverse consequences to our shareholders.
  • To maintain our REIT status, we may be forced to borrow funds on a short-term basis during unfavorable market conditions.
  • We will pay some taxes even if we qualify as a REIT, which will reduce the cash available for distribution to our shareholders.
  • We face possible federal, state and local tax audits.
  • Legislative or regulatory tax changes related to REITs could materially and adversely affect our business.
  • Dividends paid by REITs do not qualify for the reduced tax rates provided under current law.
  • Partnership tax audit rules could have a material adverse effect on us.
  • Risks Related to our Debt Financings
  • We face risks related to current debt maturities, including refinancing risk.
  • As a result of our interest rate hedges, swap agreements and other, similar arrangements, we face counterparty risks.
  • Financing our future growth plan or refinancing existing debt maturities could be impacted by negative capital market conditions.
  • The terms and covenants relating to our indebtedness could adversely impact our financial performance.
  • Our organizational documents contain no limitation on the amount of debt we may incur. As a result, we may become highly leveraged in the future.
  • Risks Related to our Organization and Structure
  • We are dependent upon our senior management team whose continued service is not guaranteed.
  • The loss of key personnel, including our on-site personnel, or difficulties we encounter in hiring, training and retaining personnel, including skilled field personnel, may adversely affect our rental revenues.
  • Certain provisions of Maryland law could inhibit changes in control, which may discourage third parties from conducting a tender offer or seeking other change of control transactions that could involve a premium price for our shares or otherwise benefit our shareholders.
  • Our shareholders have limited control to prevent us from making any changes to our investment and financing policies.
  • Our rights and the rights of our shareholders to take action against our Trustees and officers are limited.
  • Our declaration of trust permits our Board to issue preferred shares with terms that may discourage third parties from conducting a tender offer or seeking other change of control transactions that could involve a premium price for our shares or otherwise benefit our shareholders.
  • Risks Related to our Securities
  • Additional issuances of equity securities may be dilutive to shareholders.
  • Many factors could have an adverse effect on the market value of our securities.
  • The market price of our common shares has been, and may continue to be, particularly volatile, and our shareholders may be unable to resell their shares at a profit.
  • General Risk Factors
  • Many states and local jurisdictions are facing severe budgetary problems which may have an adverse impact on our business and financial results.
  • We may incur impairment charges.
  • Inflation, responses to high inflation and rising operating expenses could reduce our cash flow and funds available for future distributions.
  • We cannot assure our ability to pay dividends in the future.
  • We may become subject to litigation or threatened litigation which may divert management’s time and attention, require us to pay damages and expenses or restrict the operation of our business.
  • Legislative actions and changes may cause our general and administrative costs and compliance costs to increase.
  • Privacy concerns could result in regulatory changes that may harm our business.
  • Terrorist attacks, active shooter incidents and other acts of violence or war may adversely impact our performance and may affect the markets on which our securities are traded.
  • ESG issues may have an adverse effect on our business, financial condition and results of operations and damage our reputation.
  • Failure to maintain effective internal control over financial reporting could have a material adverse effect on our business, results of operations, financial condition, and share price.

Legal proceedings

To our knowledge, no legal proceedings are pending against us, other than routine actions and administrative proceedings, and other actions not deemed material, and which, in the aggregate, are not expected to have a material adverse effect on our financial condition, results of operations or cash flows.

The opening of Item 3, Legal Proceedings.19

Sources

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