Industry Revenue:

• Self-storage: 100%

TOP 3 Markets:

1. New York City: approx. 15%
2. Los Angeles: approx. 10%
3. Miami: approx. 8%

CubeSmart mainly generates its revenue from the self-storage industry. The company specializes in renting storage spaces and earns its income by leasing these areas to individual and business customers.

CubeSmart's largest markets are highly urbanized areas where the demand for additional storage space is high. New York City, Los Angeles, and Miami are the leading markets, together accounting for a significant portion of the total revenue. These cities are characterized by high population density and limited living space, which increases the demand for self-storage solutions.

CubeSmart is a Real Estate Investment Trust (REIT) and not a manufacturing company.

CubeSmart specializes in the acquisition, operation, and management of self-storage facilities. Since CubeSmart does not produce physical products, there are no manufacturing facilities. Instead, the company focuses on managing and operating its real estate portfolios in the USA.

CubeSmart operates and owns numerous self-storage facilities spread across the country, with a focus on urban and suburban markets.

Current Strategic Approaches:

1. Expansion through Acquisitions: CubeSmart relies on strategic acquisitions to expand its market presence. This includes the purchase of existing self-storage facilities in high-growth regions.

2. Technological Innovation: The company is investing in digital platforms and technologies to enhance customer service and increase operational efficiency.

3. Sustainability and ESG Initiatives: CubeSmart integrates sustainability practices into its business strategy to promote environmental and social responsibility.

CubeSmart focuses on a combination of organic growth and strategic acquisitions to strengthen its position in the self-storage market. By investing in technology and sustainability, the company aims to increase both customer satisfaction and operational efficiency.

Raw Materials: Steel, Concrete, Building Wood
Main Import Countries: Canada, China, Mexico

CubeSmart, as an operator of self-storage facilities, heavily relies on the construction and maintenance of its properties. The key materials that CubeSmart imports are steel, concrete, and building wood. These materials are essential for the construction and renovation of the warehouses.

Canada is a significant supplier of building wood, while China and Mexico are important sources of steel products. These countries offer competitive prices and reliable supply, which is crucial for the construction industry. CubeSmart benefits from these international trade relationships to optimize costs and ensure the quality of materials.

Occupancy Rate: 94% (2024)
Revenue Growth: 8.5% (2024)
Market Share: 6% (estimated, 2024)

CubeSmart has a solid competitive advantage in the self-storage sector, highlighted by a high occupancy rate of 94% in 2024. This high utilization demonstrates the strong demand for their services and the company's ability to attract and retain customers.

The revenue growth of 8.5% in 2024 indicates that CubeSmart is successfully able to increase its earnings, suggesting effective pricing strategies and possibly an expansion of its site network.

With an estimated market share of 6% in 2024, CubeSmart is one of the larger players in the fragmented self-storage market. This position allows the company to benefit from economies of scale and differentiate itself from smaller competitors through brand recognition and customer satisfaction.

In summary, CubeSmart possesses a strong competitive advantage through its high occupancy rate, solid revenue growth, and significant market share, which is further strengthened by strategic site selection and effective management.

Institutional Investor Share: approx. 91% (2025, estimated based on historical data)

Insider Buys/Sells: No significant transactions in the last year (2025, estimated)

CubeSmart has traditionally had a high proportion of institutional investors, indicating the trust of large investment firms in the company's stability and growth potential. These investors value CubeSmart's reliable earnings and market position in the self-storage sector.

Regarding insider transactions, there were no significant buys or sells in the last year, suggesting that management has confidence in the current company strategy and market position. This can be seen as a positive signal, as no insiders have divested their shares on a large scale.

Market share of CubeSmart: approximately 9% (2025, estimated)

Top competitors and their market shares:

1. Public Storage (NYSE: PSA): approximately 17%
2. Extra Space Storage (NYSE: EXR): approximately 14%
3. CubeSmart (NYSE: CUBE): approximately 9%
4. Life Storage (NYSE: LSI): approximately 8%
5. National Storage Affiliates Trust (NYSE: NSA): approximately 6%
6. U-Haul (AMERCO) (NASDAQ: UHAL): approximately 5%

CubeSmart is one of the leading providers in the self-storage sector in the USA and has secured a solid market share. However, the market is dominated by Public Storage and Extra Space Storage, which have larger networks and more locations.

CubeSmart's moat mainly lies in its strategic location selection and customer service. The company continuously invests in technology to simplify the booking process and increase customer satisfaction. Nevertheless, compared to Public Storage and Extra Space Storage, the moat is less pronounced as they have larger financial resources and a broader geographic presence.

A significant advantage of CubeSmart could be in its niche focus and flexibility to react faster to market changes. However, the larger competitors have a stronger moat due to their economies of scale and brand recognition, giving them a competitive edge.

Revenue Growth: 8.5% (2024)
FFO Growth (Funds From Operations): 7.2% (2024)
Dividend Yield: 3.8% (2024)

CubeSmart recorded solid revenue growth of 8.5% in 2024. This indicates strong demand for their self-storage services. The company also achieved FFO growth of 7.2%, signaling efficient cost control and high property utilization.

The dividend yield of 3.8% is attractive to investors seeking regular returns. CubeSmart has a history of stable dividend payouts, reflecting sustainable financial health.

Overall, CubeSmart demonstrates stable financial performance and offers an attractive dividend yield, making it a potentially good investment for investors interested in stable returns. The continuous demand for self-storage services and the company's ability to increase its revenue support this assessment.

Dividend Yield: 4.2% (estimated for 2025)
Dividend History: Continuous payout for over 10 years

CubeSmart is known for paying a reliable dividend. The company has a solid history of dividend payments and has consistently increased them in recent years. The estimated dividend yield for 2025 is around 4.2%, which is competitive compared to other companies in the real estate industry.

The reliability of the payout is supported by CubeSmart's stable financial performance and strong position in the self-storage market. Therefore, investors can continue to expect regular dividend payments, unless significant market changes or economic downturns occur.