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Dec 31, 2022
CubeSmart Q4 2022 Earnings Report
CubeSmart's portfolio and platform drove growth.
Key Takeaways
CubeSmart showcased a high-quality portfolio with 1,279 properties and a market cap of $12.1 billion. The company has demonstrated strong financial performance with a 70% 5-year total shareholder return and a 55% 5-year dividend growth.
Operates in 153 markets across 39 states and D.C.
89% of owned store NOI comes from top-40 MSAs.
Since 2010, CubeSmart increased stores on the platform by 178%.
Since 2010, CubeSmart increased customer base by ~521k.