CubeSmart | |
Former Name: | U-Store-It Trust (2004–2011) |
Type: | Public company |
Industry: | Real estate investment trust |
Founded: | in Maryland, U.S. |
Key People: | Christopher P. Marr (CEO) Timothy M. Martin (CFO) Joel Keaton (COO) |
Products: | Self storage |
Num Locations: | 611 stores |
Num Locations Year: | December 2022 |
Revenue: | (2022) |
Net Income: | US$291 million (2022) |
Assets: | US$6.325 billion (2022) |
Equity: | US$2.840 billion (2022) |
Num Employees: | 2,804 (2022) |
Footnotes: | [1] |
CubeSmart is a real estate investment trust that invests in self storage facilities in the United States. As of December 31, 2022, it owned 611 self storage properties in 24 states and the District of Columbia containing 44.1 million rentable square feet.[1] It is the 3rd largest self storage company in the United States.
The company was known as U-Store-It Trust until 2011.
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.[2]
In December 2008, the company moved its headquarters to Malvern, Pennsylvania.[3]
On September 14, 2011, the company changed its name to CubeSmart.[4]
In December 2021, the company acquired Storage West for $1.7 billion.[5]