CubeSmart (NYSE: CUBE), is a self-administered and self-managed real estate company focused on the ownership, operation, acquisition, and development of self-storage facilities in the United States. CubeSmart, a REIT (Real Estate Investment Trust), operates more than 1400 self-storage facilities.
As of 2023, it owns 613 self-storage properties in 41 states and the District of Columbia containing 36.6 million rentable square feet. It is the 3rd largest self-storage company in the United States.
The company also provides climate-controlled units for customers with sensitive items that require protection from extreme temperatures.
The company was known as U-Store-It Trust until 2011.
History
CubeSmart was established in 2004, as U-Store It Trust.
The company held its initial public offering in July 2004.
In December 2008, the company relocated its corporate headquarters to Wayne, Pennsylvania.
In 2011, the organization was renamed to CubeSmart.
In December 2013, the company relocated its corporate headquarters to Malvern, Pennsylvania.
According to industry magazine Inside Self-Storage, CubeSmart is one of the top three self-storage operators in the United States by total net rentable square footage.
Currently, the company owns or operates over 1400 self-storage facilities nationwide. With revenues of over $444M, the company has over 3,000 employees in the United States and in the corporate headquarters, , in Malvern, PA.
CubeSmart operates in Alabama, Arizona, California, Colorado, Connecticut, Florida, Georgia, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, Ohio, Oklahoma, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Utah, Vermont, Virginia, Washington, Wisconsin, and the District of Columbia.