CubeSmart (CUBE) Proxy filing summary

Executive summary

• Achieved sector-leading expense control and strong same-store revenue growth in core urban markets, with New York City outperforming.

• Completed $501.8M in acquisitions, including full ownership of a 28-store portfolio, and added 136 new stores to the management platform.

• Executed $31.9M in share repurchases and issued $450M in ten-year notes, maintaining leverage at 4.8x net debt/EBITDA.

• Increased annual dividend for the 16th consecutive year and continued disciplined capital allocation.

• Advanced sustainability initiatives, including solar installations and high-efficiency lighting upgrades.

Voting matters and shareholder proposals

• Shareholders will vote to elect nine trustees, ratify KPMG LLP as auditor for 2026, and approve executive compensation on an advisory basis.

• Board recommends voting in favor of all proposals.

Board of directors and corporate governance

• Board comprises nine trustees, 89% independent, with diverse expertise in real estate, finance, and technology.

• Annual election of trustees, independent chair, regular executive sessions, and robust self-evaluation processes.

• Proxy access allows up to 20 shareholders holding 3%+ for 3 years to nominate trustees.