CubeSmart

{{Infobox company

| name = CubeSmart

| logo = CubeSmart logo.svg

| former_name = U-Store-It Trust (2004–2011)

| type = Public company

| traded_as = {{ubl|{{NYSE|CUBE}}|S&P 400 component}}

| industry = Real estate investment trust

| founded = {{Start date and age|2004|7}} in Maryland, U.S.

| hq_location = {{nowrap|Malvern, Pennsylvania, U.S.}}

| key_people = Christopher P. Marr (CEO)
Timothy M. Martin (CFO)
Joel Keaton (COO)

| products = Self storage

| num_locations = 611 stores

| num_locations_year = December 2022

| revenue = {{increase}} {{US$|1.009 billion|link=yes}} (2022)

| net_income = {{increase}} US$291 million (2022)

| assets = {{decrease}} US$6.325 billion (2022)

| equity = {{decrease}} US$2.840 billion (2022)

| num_employees = 2,804 (2022)

| website = {{URL|https://www.cubesmart.com}}

| footnotes = {{cite web | url=https://www.sec.gov/ix?doc=/Archives/edgar/data/1298675/000129867523000009/cube-20221231x10k.htm | title=Cubesmart 2022 Form 10-K Annual Report | publisher=U.S. Securities and Exchange Commission}}

}}

File:CubeSmart.jpg

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.https://s201.q4cdn.com/604002580/files/doc_financials/2024/ar/2024-CUBE-Annual-Report.pdf

The company was known as U-Store-It Trust until 2011.

History

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.{{cite news | url=https://www.upi.com/Business_News/2004/10/07/U-Store-It-Trust-sets-price-for-its-IPO/57581097169987/ | title=U-Store-It Trust sets price for its IPO | work=United Press International | date=October 7, 2004}}

In December 2008, the company transferred its headquarters to Malvern, Pennsylvania.{{cite news | url=https://www.insideselfstorage.com/reits/u-store-it-self-storage-changes-corporate-headquarters | title=U-Store-It Self-Storage Changes Corporate Headquarters | work=Inside Self Storage | publisher=Informa | date=December 17, 2008}}

On September 14, 2011, the company changed its name to CubeSmart.{{Cite press release | url=https://www.globenewswire.com/news-release/2011/09/07/1028160/0/en/U-Store-It-Is-Becoming-CubeSmart-SM.html | title=U-Store-It Is Becoming CubeSmart(SM) | publisher=Globe Newswire | date=September 6, 2011}}

In December 2021, the company acquired Storage West for $1.7 billion.{{Cite press release | url=https://www.globenewswire.com/en/news-release/2021/12/09/2349704/0/en/CubeSmart-Announces-Closing-of-the-Storage-West-Acquisition.html | title=CubeSmart Announces Closing of the Storage West Acquisition | publisher=GlobeNewswire | date=December 9, 2021}}