CubeSmart (CUBE)

In October 2025, CubeSmart announced its third-quarter operating results, which were generally in line with expectations. KeyBanc Capital Markets cut CubeSmart to "Sector Weight" due to concerns that elevated expense growth in 2026 might offset improving top-line trends. In August 2025, CubeSmart's operating partnership issued $450 million in unsecured senior notes. In February 2026, CubeSmart formed a $250 million strategic joint venture with CBRE Investment Management to invest in self-storage. Over the past year, CubeSmart's stock has underperformed both the US Specialized REITs industry and the broader US market.

Demand for CubeSmart's products and services exhibits seasonality, with strong seasonal demand spikes in certain markets like the Midwest. During these peak periods, self-storage operators often leverage promotional strategies to maximize unit volume.

CubeSmart is a self-administered and self-managed REIT specializing in self-storage solutions, operating within the Real Estate sector, specifically in the REIT - Industrial industry. The company owns and manages self-storage properties, offering a diverse range of storage unit sizes, including standard, climate-controlled, and specialized options like wine storage.

CubeSmart operates over 1,500 locations across the United States. As of December 2025, there were 1,566 CubeSmart locations in 42 states and territories, with the highest concentration of facilities in Texas, Florida, and New York.

CubeSmart maintains a positive brand reputation, evidenced by consistent industry recognition, including multiple "Best of Business" and Gold Stevie Awards. The company emphasizes customer experience through innovative solutions, unparalleled service, and genuine care, focusing on secure facilities with features like electronic gate access and 24/7 video recording. CubeSmart is committed to environmental sustainability, implementing initiatives such as energy-efficient lighting and solar power utilization.

CubeSmart's ownership is predominantly institutional, with 908 institutional owners holding a total of 243,730,628 shares. Major institutional shareholders include BlackRock, Inc., Vanguard Group Inc, State Street Corp, Fmr Llc, and Price T Rowe Associates Inc /md/. Todd C. Amsdell is a significant individual shareholder, owning 15.89 million shares, representing 6.97% of the company.