CubeSmart
 | |
| 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 | Increase US$1.009 billion (2022) |
| Increase US$291 million (2022) | |
| Total assets | Decrease US$6.325 billion (2022) |
| Total equity | Decrease 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
[edit | edit source]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
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- ^ https://s201.q4cdn.com/604002580/files/doc_financials/2024/ar/2024-CUBE-Annual-Report.pdf [bare URL PDF]
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External links
[edit | edit source]- Official website
- Business data for CubeSmart:
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- 2004 establishments in Maryland
- 2004 initial public offerings
- American companies established in 2004
- Companies based in Chester County, Pennsylvania
- Companies listed on the New York Stock Exchange
- Companies in the S&P 400
- Financial services companies established in 2004
- Real estate companies established in 2004
- Real estate investment trusts of the United States
- Storage companies