CubeSmart (CUBE) Investor presentation summary

Investment highlights

• Achieved 50% FFO per share growth and 31% total shareholder return over five years.

• Owns 1,534 properties with $12.5B enterprise value and 48.5M square feet.

• Maintains a Baa2/BBB credit rating and 57% dividend growth over five years.

• 6.6% five-year same-store NOI CAGR and $2.6B in acquisitions.

Strategic growth and portfolio

• Multi-faceted growth via acquisitions, joint ventures, development, and third-party management.

• 233% increase in stores since 2010, now serving 819,000 customers.

• $6.2B in consolidated acquisitions since 2010, with 82% in top-25 MSAs.

• $792M in new development delivered, all in top-10 MSAs.

• 872 properties under third-party management, generating $40M in fees.

Operational excellence

• Sophisticated operating platform with dynamic pricing and digital customer journey.

• 40% of customers rent through SmartRental; 9 million annual website visitors.

• Sector-leading expense control, with same-store expense growth 190 bps below peers.

• Consistent FFO per share growth above sector average over three years.