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Dec 31, 2023

CubeSmart Q4 2023 Earnings Report

CubeSmart's portfolio and platform drove long-term value.

Key Takeaways

CubeSmart showcased a robust portfolio with 1,406 properties and a $13.4 billion market cap. The company demonstrated a strong return on investment with a 52% 5-year total shareholder return and a 62% 5-year dividend growth. CubeSmart's strategic focus on quality markets and efficient expense management contributed to a 4.2% NOI growth.

Operates 1,406 properties with a $13.4 billion market cap.

Achieved a 52% 5-year total shareholder return.

Demonstrated 62% 5-year dividend growth.

Focused on high-quality investments and operational evolution.

Total Revenue
$265M
Previous year: $261M
+1.6%
EPS
$0.7
Previous year: $0.67
+4.5%
Same-Store Avg Occupancy
90.2%
Gross Profit
$142M
Previous year: $188M
-24.6%
Cash and Equivalents
$8.22M
Previous year: $6.06M
+35.5%
Free Cash Flow
$135M
Total Assets
$6.23B
Previous year: $6.33B
-1.6%

CubeSmart

CubeSmart