CUBE 📈 CubeSmart - Overview

CubeSmart, a self-managed and self-administered real estate investment trust, operates through its subsidiary CubeSmart, L.P., a Delaware limited partnership that serves as the company's operating partnership. This structure allows the company to maintain a streamlined management process, with the parent company acting as the sole general partner. As a result, CubeSmart can focus on its core business of owning, operating, and managing self-storage properties across the United States.

With a diverse portfolio of properties, CubeSmart has established a significant presence in the self-storage industry. As of March 31, 2024, the company owned or partially owned self-storage properties in 24 states and the District of Columbia, all of which are consolidated under a single reportable segment. This strategic approach enables CubeSmart to leverage its resources and expertise to drive growth and expansion in the self-storage market. The company's properties are designed to provide secure, convenient, and accessible storage solutions for individuals and businesses, catering to a wide range of needs and preferences.

CubeSmart's business model is built around the acquisition, development, and management of self-storage properties, with a focus on delivering strong returns on investment for its shareholders. As a real estate investment trust, the company is required to distribute a significant portion of its taxable income to shareholders, providing a regular stream of income for investors. With its common stock listed on the New York Stock Exchange under the ticker symbol CUBE, and its ISIN code US2296631094, CubeSmart is a publicly traded company that offers investors a unique opportunity to participate in the growth and development of the self-storage industry. The company's website, https://www.cubesmart.com, provides additional information on its operations, properties, and investment opportunities.

As a specialized real estate investment trust, CubeSmart is classified under the GICS Sub Industry category of Self-Storage REITs. This classification reflects the company's focus on the self-storage sector, where it has established a strong reputation for quality, service, and reliability. By concentrating on this specific niche, CubeSmart is able to leverage its expertise and resources to drive growth, improve operational efficiency, and deliver value to its customers and shareholders. With its proven track record and commitment to excellence, CubeSmart is well-positioned to maintain its leadership position in the self-storage industry and continue to deliver strong returns on investment for its shareholders.