CubeSmart

Public
Traded as NYSE: CUBE
Russell 1000 Component
Industry REIT and self storage
Predecessor U-Store-It Trust
Founded July 2004 (2004-07) (as U-Store-It Trust)
Maryland, U.S.
Headquarters Malvern, Pennsylvania[1], U.S.
Number of locations
 667 (owned and managed) (As of 31 December 2015) [2]
Area served
 U.S.
Key people
 Christopher Marr
(CEO and President)[1]
Services Storage facilities
Revenue $444,521,000 (As of 31 December 2015) [2]
$107,888,000 (As of 31 December 2015) [2]
$78,756,000 (As of 31 December 2015) [2]
Number of employees
 1,837 (As of 31 December 2015) [2]
Website cubesmart.com
South Bronx

CubeSmart (NYSE: CUBE), previously known as U-Store-It Trust, is an American provider of self-storage facilities and real estate investment trust (REIT).

History

CubeSmart was established in 2004, as a Maryland corporation. Established under the name U-Store-It Trust, the company held their initial public offering in July 2004. In December 2008, they relocated the corporate headquarters to Malvern, Pennsylvania. On September 14, 2011, the organization was renamed as CubeSmart.

Facilities

As of June 30, 2017, the company owned 390 self-storage facilities and also managed 478 properties for third party owners, in 32 states and the District of Columbia.[3]

According to industry magazine Inside Self-Storage, by total net rentable square footage CubeSmart is the fourth largest self-storage operator in the United States.[4]

References

  1. 1 2 "CubeSmart Completes Senior Leadership Transition and Headquarters Relocation". The Wall Street Journal.
  2. 1 2 3 4 5 "CUBESMART, LLP SEC 10-K (for the fiscal year ended December 31, 2015)" (PDF). CubeSmart. 2015-12-31. Retrieved 2016-07-20.
  3. ↑ "CubeSmart Reports Second Quarter 2017 Results: FFO Per Share Grows 8.3%; Same-Store NOI Increases 5.0%". CubeSmart, L.P. 2017-07-27. Retrieved 2017-10-20.
  4. ↑ "Inside Self-Storage Releases 2013 Top-Operators List". Insideselfstorage.com. 2013-09-13. Retrieved 2013-09-24.
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