CubeSmart (CUBE) Investor presentation summary

Investment highlights and growth performance

• Achieved 56% five-year FFO per share growth and 65% five-year total shareholder return, with $2.8B in acquisitions and 59% dividend growth over five years.

• Operates 1,523 properties with $12.7B enterprise value and 48.2M owned square feet, maintaining a Baa2/BBB credit rating.

• Demonstrates a 6.8% five-year same-store NOI CAGR and consistent outperformance in FFO per share growth versus peers.

• Fifteen consecutive years of dividend increases, the longest active streak among storage REITs.

• Ten-year total shareholder return outpaces peer average by 14 percentage points.

Strategic platform and portfolio management

• Focuses on high-quality, diversified assets in core markets, with 91% of owned NOI from top-40 MSAs.

• Maintains a national platform with exposure to secondary and tertiary markets via third-party management and joint ventures.

• Largest portfolio of purpose-built, Class-A properties in NYC outer boroughs, benefiting from the lowest supply per capita nationally.

• Strategic acquisitions and developments target markets with strong demographics and long-term demand.

• Robust portfolio growth: 231% increase in stores since 2010, with 799,000 customers as of September 2025.

Operational excellence and technology

• Sophisticated operating platform leverages technology for dynamic pricing, customer capture, and ongoing optimization.

• Enhances customer journey with digital access, mobile app, proprietary POS, and data-driven rate management.

• 40% of customers rent through the SmartRental online platform, and the website attracts 22 million annual visitors.

• Award-winning customer service and continual process improvements drive efficiency and satisfaction.