CubeSmart

CubeSmart is a self-administered and self-managed real estate company primarily focused on the ownership, operation, development, management, and acquisition of self-storage properties in the United States. The Parent Company, a Maryland REIT, was formed in July 2004. It conducts its business and owns its assets through the Operating Partnership and its subsidiaries. The Parent Company controls the Operating Partnership as its sole general partner and, as of December 31, 2025, held a 99.6% interest in it. The Operating Partnership, a Delaware limited partnership formed in July 2004, engages in virtually all aspects of the self-storage business, including ownership, operation, development, management, and acquisition of properties. As of December 31, 2025, CubeSmart owned (or partially owned and consolidated) 662 self-storage properties. These properties are located in 25 states and the District of Columbia, encompassing approximately 48.4 million rentable square feet. As of the same date, approximately 88.1% of the rentable square footage at these owned stores was leased to approximately 399,000 customers, with no single customer representing a significant concentration of revenues. The owned stores are in Arizona, California, Colorado, Connecticut, Florida, Georgia, Illinois, Indiana, Maryland, Massachusetts, Minnesota, Nevada, New Jersey, New Mexico, New York, North Carolina, Ohio, Oregon, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Utah, Virginia, and the District of Columbia. Additionally, as of December 31, 2025, CubeSmart managed 862 stores for third parties, including 49 stores with approximately 3.3 million rentable square feet as part of five separate unconsolidated real estate ventures. This brings the total number of stores owned and/or managed to 1,524.