CubeSmart
In today's world, CubeSmart has been a topic that has generated a lot of interest and debate. Whether due to its historical relevance, its impact on current society or its influence in different areas, CubeSmart has captured the attention of many. From its emergence to the present, CubeSmart has raised a wide range of opinions and has been the subject of numerous studies and research. In this article, we will explore in depth the different aspects related to CubeSmart, analyzing its importance, its implications and its evolution over time.
 | |
| Formerly | U-Store-It Trust (2004–2011) |
|---|---|
| Company type | Public company |
| Industry | Real estate investment trust |
| Founded | July 2004 in Maryland, U.S. |
| Headquarters | Malvern, Pennsylvania, U.S. |
Number of locations | 611 stores (December 2022) |
Key people | Christopher P. Marr (CEO) Timothy M. Martin (CFO) Joel Keaton (COO) |
| Products | Self storage |
| Revenue |  US$1.009 billion (2022) |
| US$291 million (2022) | |
| Total assets |  US$6.325 billion (2022) |
| Total equity | US$2.840 billion (2022) |
Number of employees | 2,804 (2022) |
| Website | www |
| Footnotes / references [1] | |
CubeSmart is a real estate investment trust that invests in self storage facilities in the United States. As of December 31, 2024, it owned 631 self storage properties in 25 states and the District of Columbia containing 45.8 million rentable square feet.[1] It is the 3rd largest self storage company in the United States.[2]
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 December 2008, the company transferred its headquarters to Malvern, Pennsylvania.[4]
On September 14, 2011, the company changed its name to CubeSmart.[5]
In December 2021, the company acquired Storage West for $1.7 billion.[6]
References
- ^ a b c "Cubesmart 2022 Form 10-K Annual Report". U.S. Securities and Exchange Commission.
- ^ https://s201.q4cdn.com/604002580/files/doc_financials/2024/ar/2024-CUBE-Annual-Report.pdf [bare URL PDF]
- ^ "U-Store-It Trust sets price for its IPO". United Press International. October 7, 2004.
- ^ "U-Store-It Self-Storage Changes Corporate Headquarters". Inside Self Storage. Informa. December 17, 2008.
- ^ "U-Store-It Is Becoming CubeSmart(SM)" (Press release). Globe Newswire. September 6, 2011.
- ^ "CubeSmart Announces Closing of the Storage West Acquisition" (Press release). GlobeNewswire. December 9, 2021.
External links
- Official website
- Business data for CubeSmart: