# CubeSmart

Summary updated: 2026-10-02T15:52:28.275806Z
Canonical: https://finbar.com/research/companies/cubesmart

## Overview

CubeSmart is a U.S. self-storage real estate investment trust (REIT) that owns, operates, acquires, develops, and manages self-storage properties. Its facilities serve residential and commercial customers with storage space and related options such as climate-controlled units; it also manages properties for third-party owners. [1](https://app.finbar.com/go?id=P145412077)[2](https://investors.cubesmart.com/overview/default.aspx)

The company’s footprint is concentrated in the United States. As of June 30, 2026, CubeSmart owned or partially owned 662 properties, representing approximately 48.5 million rentable square feet, and managed additional third-party facilities. In July 2026, it reported 1,535 properties owned or managed. [1](https://app.finbar.com/go?id=P145412077)[3](https://investors.cubesmart.com/news/news-details/2026/CubeSmart-Declares-Third-Quarter-2026-Dividend/default.aspx)

CubeSmart states that its mission is to simplify customers’ organizational and logistical challenges through innovative solutions, service, and genuine care. Its 2025 revenue was approximately $1.12 billion, and its company careers materials cite more than 3,100 teammates. [4](https://www.cubesmart.com/about-us/)[5](https://www.sec.gov/Archives/edgar/data/1298675/000129867526000010/cube-20251231x10k.htm)[6](https://www.cubesmart.com/self-storage-management/value/hr-training/)
[1](https://app.finbar.com/go?id=P145412077)[2](https://investors.cubesmart.com/overview/default.aspx)[3](https://investors.cubesmart.com/news/news-details/2026/CubeSmart-Declares-Third-Quarter-2026-Dividend/default.aspx)[4](https://www.cubesmart.com/about-us/)[5](https://www.sec.gov/Archives/edgar/data/1298675/000129867526000010/cube-20251231x10k.htm)[6](https://www.cubesmart.com/self-storage-management/value/hr-training/)[2](https://investors.cubesmart.com/overview/default.aspx)[3](https://investors.cubesmart.com/news/news-details/2026/CubeSmart-Declares-Third-Quarter-2026-Dividend/default.aspx)[4](https://www.cubesmart.com/about-us/)[5](https://www.sec.gov/Archives/edgar/data/1298675/000129867526000010/cube-20251231x10k.htm)[6](https://www.cubesmart.com/self-storage-management/value/hr-training/)

## Products & services

CubeSmart offers self-storage units for personal and business use, with listed sizes from 5×5 to 10×30 feet; availability and features vary by location. Some facilities offer climate-controlled units, with CubeSmart describing a target range of 55°F–80°F, and vehicle storage options such as indoor or outdoor spaces and covered parking for cars, boats and RVs. [7](https://www.cubesmart.com/size-guide/)[8](https://www.cubesmart.com/storage/climate-controlled-storage/)[9](https://www.cubesmart.com/storage/vehicle-storage/) Business customers can store inventory, supplies and equipment. Facility-dependent features include drive-up access, electronic gate access and video recording. [10](https://www.cubesmart.com/storage/business-storage/)[11](https://www.cubesmart.com/blog/your-home/storage-facility-features/)

Related services include sales of moving and packing supplies, such as boxes, tape and bubble wrap, and SmartRental, which supports online rental, electronic signing and payment. Customers can also make online payments or enroll in AutoPay. [12](https://www.cubesmart.com/deals/packing-moving-supplies/)[13](https://www.cubesmart.com/smartrental)[14](https://www.cubesmart.com/login/) CubeSmart does not break out revenue by unit type or individual add-on product in the cited reporting. For the six months ended June 30, 2026, rental income was 84.8% of total revenue, other property-related income 11.7%, and property-management fees 3.5%; these are broad revenue categories, not product-level shares. [15](https://app.finbar.com/go?id=T16633852)
[15](https://app.finbar.com/go?id=T16633852)[15](https://app.finbar.com/go?id=T16633852)[15](https://app.finbar.com/go?id=T16633852)[7](https://www.cubesmart.com/size-guide/)[8](https://www.cubesmart.com/storage/climate-controlled-storage/)[9](https://www.cubesmart.com/storage/vehicle-storage/)[10](https://www.cubesmart.com/storage/business-storage/)[11](https://www.cubesmart.com/blog/your-home/storage-facility-features/)[12](https://www.cubesmart.com/deals/packing-moving-supplies/)[13](https://www.cubesmart.com/smartrental)[14](https://www.cubesmart.com/login/)

## Geographic presence

CubeSmart’s owned and partially owned portfolio is entirely U.S.-based. At year-end 2025, it comprised 662 self-storage properties with approximately 48.4 million rentable square feet across 25 states and Washington, D.C. The company also managed 862 third-party stores, including properties in unconsolidated ventures; its owned and managed footprint totaled 1,524 stores, with third-party management operations spanning 39 states. [16](https://app.finbar.com/go?id=P30548963)[17](https://app.finbar.com/go?id=P94925416)

The largest owned-state footprints were Texas (98 stores), Florida (95), California (63), New York (61), and Arizona (51). New York, Florida, Texas, and California accounted for approximately 17%, 14%, 11%, and 10% of 2025 revenue, respectively. [18](https://app.finbar.com/go?id=T8932450)[19](https://app.finbar.com/go?id=P29262018) CubeSmart’s headquarters is in Malvern, Pennsylvania; the reviewed sources did not provide a geographic breakdown of employees. [20](https://www.cubesmart.com/llm-info/)
[16](https://app.finbar.com/go?id=P30548963)[17](https://app.finbar.com/go?id=P94925416)[18](https://app.finbar.com/go?id=T8932450)[19](https://app.finbar.com/go?id=P29262018)[20](https://www.cubesmart.com/llm-info/)[20](https://www.cubesmart.com/llm-info/)

## Business segments

CubeSmart reports one operating and reportable segment: self-storage. Its activities include owning, operating, developing, managing, and acquiring self-storage properties; revenue comes principally from customer rentals of storage space and fees for managing properties. [21](https://app.finbar.com/go?id=P145412033) The company says it is managed primarily on a consolidated basis, and identifies net income as its segment profit measure. [22](https://app.finbar.com/go?id=P97165306)[23](https://app.finbar.com/go?id=P145412039)

As the sole reportable segment, self-storage accounts for 100% of CubeSmart’s reported segment revenue; the company does not disclose a separate segment-mix allocation. In FY2025, segment revenue was $1,123.110 million. [24](https://app.finbar.com/go?id=T5013320) For the six months ended June 30, 2026, it was $568.415 million. [25](https://app.finbar.com/go?id=T16633885) Same-store and non-same-store analyses are also presented, but are not identified as reportable segments. [22](https://app.finbar.com/go?id=P97165306)
[21](https://app.finbar.com/go?id=P145412033)[22](https://app.finbar.com/go?id=P97165306)[23](https://app.finbar.com/go?id=P145412039)[24](https://app.finbar.com/go?id=T5013320)[25](https://app.finbar.com/go?id=T16633885)

## Company history

CubeSmart originated as U-Store-It, founded by Bob and Barry Amsdell, who opened its first self-storage facilities in Pennsylvania and Ohio. [26](https://amsdellcompanies.com/about) The company was organized as U-Store-It Trust in 2004, completed its IPO that October, and elected to be taxed as a REIT beginning that year. [27](https://www.sec.gov/Archives/edgar/data/1298675/000095015204008775/l10821ae10vq.htm) Soon after the IPO, it acquired Metro Storage’s 42 facilities for $184 million, marking an early expansion beyond its original operations. [28](https://investors.cubesmart.com/news/news-details/2004/U-Store-It-Trust-Completes-Metro-Storage-Portfolio-Acquisition-for-184.0-Million-10-28-2004/default.aspx)

The company continued growing through portfolio acquisitions, including 24 Sure Save USA facilities in 2006. [29](https://investors.cubesmart.com/news--events/news-details/2006/U-Store-It-Trust-Acquires-Sure-Save-USA-Self-Storage-Portfolio-for-164.5-Million-02-08-2006/default.aspx) In 2011, it adopted the CubeSmart name and began trading on the New York Stock Exchange under the ticker CUBE; that year it also announced a $560 million acquisition of Storage Deluxe properties in the greater New York City area. [30](https://investors.cubesmart.com/news/news-details/2011/CubeSmart-Is-Now-Trading-as-CUBE-on-the-NYSE-09-22-2011/default.aspx)[31](https://investors.cubesmart.com/news/news-details/2011/CubeSmart-Announces-560-Million-Acquisition-of-Industry-Leading-Self-Storage-Portfolio-in-the-Greater-New-York-City-Area-10-24-2011/default.aspx) In 2013, it completed a $326.2 million acquisition of 36 facilities formerly operated by Private Mini Storage. [32](https://investors.cubesmart.com/news/news-details/2013/CubeSmart-Closes-326-Million-Portfolio-Acquisition-Issues-250-Million-4.375-Bonds-Due-2023-12-12-2013/default.aspx) Christopher P. Marr succeeded Dean Jernigan as CEO effective January 1, 2014, following Jernigan’s tenure in the role from 2006 through 2013. [33](https://investors.cubesmart.com/news/news-details/2014/CubeSmart-Completes-Senior-Leadership-Transition-and-Headquarters-Relocation-01-02-2014/default.aspx)

## Sources

1. [CubeSmart — Full financial report (2026 Q 2)](https://app.finbar.com/go?id=P145412077)
2. [investors.cubesmart.com](https://investors.cubesmart.com/overview/default.aspx)
3. [investors.cubesmart.com](https://investors.cubesmart.com/news/news-details/2026/CubeSmart-Declares-Third-Quarter-2026-Dividend/default.aspx)
4. [www.cubesmart.com](https://www.cubesmart.com/about-us/)
5. [www.sec.gov](https://www.sec.gov/Archives/edgar/data/1298675/000129867526000010/cube-20251231x10k.htm)
6. [www.cubesmart.com](https://www.cubesmart.com/self-storage-management/value/hr-training/)
7. [www.cubesmart.com](https://www.cubesmart.com/size-guide/)
8. [www.cubesmart.com](https://www.cubesmart.com/storage/climate-controlled-storage/)
9. [www.cubesmart.com](https://www.cubesmart.com/storage/vehicle-storage/)
10. [www.cubesmart.com](https://www.cubesmart.com/storage/business-storage/)
11. [www.cubesmart.com](https://www.cubesmart.com/blog/your-home/storage-facility-features/)
12. [www.cubesmart.com](https://www.cubesmart.com/deals/packing-moving-supplies/)
13. [www.cubesmart.com](https://www.cubesmart.com/smartrental)
14. [www.cubesmart.com](https://www.cubesmart.com/login/)
15. [CubeSmart — Full financial report (2026 Q 2)](https://app.finbar.com/go?id=T16633852)
16. [CubeSmart — Full financial report (2025 Y)](https://app.finbar.com/go?id=P30548963)
17. [CubeSmart — Full financial report (2025 Y)](https://app.finbar.com/go?id=P94925416)
18. [CubeSmart — Full financial report (2025 Y)](https://app.finbar.com/go?id=T8932450)
19. [CubeSmart — Full financial report (2025 Y)](https://app.finbar.com/go?id=P29262018)
20. [www.cubesmart.com](https://www.cubesmart.com/llm-info/)
21. [CubeSmart — Full financial report (2026 Q 2)](https://app.finbar.com/go?id=P145412033)
22. [CubeSmart — Full financial report (2025 Y)](https://app.finbar.com/go?id=P97165306)
23. [CubeSmart — Full financial report (2026 Q 2)](https://app.finbar.com/go?id=P145412039)
24. [CubeSmart — Full financial report (2025 Y)](https://app.finbar.com/go?id=T5013320)
25. [CubeSmart — Full financial report (2026 Q 2)](https://app.finbar.com/go?id=T16633885)
26. [amsdellcompanies.com](https://amsdellcompanies.com/about)
27. [www.sec.gov](https://www.sec.gov/Archives/edgar/data/1298675/000095015204008775/l10821ae10vq.htm)
28. [investors.cubesmart.com](https://investors.cubesmart.com/news/news-details/2004/U-Store-It-Trust-Completes-Metro-Storage-Portfolio-Acquisition-for-184.0-Million-10-28-2004/default.aspx)
29. [investors.cubesmart.com](https://investors.cubesmart.com/news--events/news-details/2006/U-Store-It-Trust-Acquires-Sure-Save-USA-Self-Storage-Portfolio-for-164.5-Million-02-08-2006/default.aspx)
30. [investors.cubesmart.com](https://investors.cubesmart.com/news/news-details/2011/CubeSmart-Is-Now-Trading-as-CUBE-on-the-NYSE-09-22-2011/default.aspx)
31. [investors.cubesmart.com](https://investors.cubesmart.com/news/news-details/2011/CubeSmart-Announces-560-Million-Acquisition-of-Industry-Leading-Self-Storage-Portfolio-in-the-Greater-New-York-City-Area-10-24-2011/default.aspx)
32. [investors.cubesmart.com](https://investors.cubesmart.com/news/news-details/2013/CubeSmart-Closes-326-Million-Portfolio-Acquisition-Issues-250-Million-4.375-Bonds-Due-2023-12-12-2013/default.aspx)
33. [investors.cubesmart.com](https://investors.cubesmart.com/news/news-details/2014/CubeSmart-Completes-Senior-Leadership-Transition-and-Headquarters-Relocation-01-02-2014/default.aspx)

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