CubeSmart is a self-administered and self-managed real estate investment trust (REIT). Operating within the United States, the company primarily offers self-storage properties for residential and commercial customers. With its headquarters in Malvern, Pennsylvania, CubeSmart was founded in July 2004.
CubeSmart's operations are managed through CubeSmart, L.P. and its subsidiaries. As of November 2021, the company owns or manages a total of 1,251 self-storage properties located across the United States. Storage solutions offered by CubeSmart include household storage, business storage, moving storage, vehicle storage, wine storage, and climate-controlled storage. CubeSmart's storage solutions can be used to address a wide variety of needs, including acting as ancillary storage for those with smaller dwellings and as storage for inventory, supplies, and equipment for businesses.
Available on the NYSE, CubeSmart is listed under the ticker CUBE. As of 2020, CubeSmart was reported to be one of the top three self-storage property owners and operators within the United States. In November 2021, CubeSmart announced plans to acquire 100% of the outstanding partnership units of Storage West Platform in a deal worth $1.69bn. Storage West Platform is the owner and operator of 59 self-storage properties located in California, Arizona, Nevada, and Texas.
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