CubeSmart

CubeSmart is a real estate investment trust that invests in self storage facilities. As of December 31, 2019, it owned 523 self-storage properties in 24 states and the District of Columbia containing 36.6 million rentable square feet.[1] It is the 4th largest self-storage company in the United States.[2]

CubeSmart
TypePublic company
NYSE: CUBE
Russell 1000 Index component
IndustryReal estate investment trust
FoundedJuly 2004 (2004-07) (as U-Store-It Trust)
Maryland, U.S.
Headquarters
Malvern, Pennsylvania
Key people
Marianne M. Keler, Chairperson
Christopher P. Marr, CEO
Timothy M. Martin, CFO
ProductsSelf storage
Revenue $643 million (2019)
$170 million (2019)
Total assets $4.029 billion (2019)
Total equity $1.807 billion (2019)
Number of employees
3,011 (2019)
Websitewww.cubesmart.com
Footnotes / references
[1]
CubeSmart facility in South Bronx

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

History

The company was founded in July 2004 as U-Store-It Trust.[1]

In October 2004, the company became a public company via an initial public offering.[3]

In 2006, Chris Marr became president and CEO of the company.[4]

In December 2008, the company moved its headquarters to Malvern, Pennsylvania.[5]

On September 14, 2011, the company changed its name to CubeSmart.[6]

References
  1. "Cubesmart 2019 Form 10-K Annual Report". U.S. Securities and Exchange Commission.
  2. Mueller, Laura (March 28, 2019). "The 6 Largest Self Storage Companies". Moving.com.
  3. "U-Store-It Trust sets price for its IPO". United Press International. October 7, 2004.
  4. "U-Store-It hires president, CEO". Crain Communications. April 24, 2006.
  5. "U-Store-It Self-Storage Changes Corporate Headquarters". Inside Self Storage. December 17, 2008.
  6. "U-Store-It Is Becoming CubeSmart(SM)" (Press release). Globe Newswire. September 6, 2011.
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