CubeSmart

CubeSmart is a real estate investment trust that invests in self storage facilities. As of December 31, 2019, it owned 523 self-storage properties in 24 states and the District of Columbia containing 36.6 million rentable square feet.[1] It is the 4th largest self-storage company in the United States.[2]

CubeSmart
Public company
Traded asNYSE: CUBE
Russell 1000 Index component
IndustryReal estate investment trust
FoundedJuly 2004 (2004-07) (as U-Store-It Trust)
Maryland, U.S.
Headquarters
Malvern, Pennsylvania
Key people
Marianne M. Keler, Chairperson
Christopher P. Marr, CEO
Timothy M. Martin, CFO
ProductsSelf storage
Revenue $643 million (2019)
$170 million (2019)
Total assets $4.029 billion (2019)
Total equity $1.807 billion (2019)
Number of employees
3,011 (2019)
Websitewww.cubesmart.com
Footnotes / references
[1]
CubeSmart facility in South Bronx

The company was known as U-Store-It Trust until 2011.

History

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 2006, Dean Jernigan became president and CEO of the company.[4]

In December 2008, the company moved its headquarters to Malvern, Pennsylvania.[5]

On September 14, 2011, the company changed its name to CubeSmart.[6]

gollark: ?tag blub Graham considers a hypothetical Blub programmer. When the programmer looks down the "power continuum", he considers the lower languages to be less powerful because they miss some feature that a Blub programmer is used to. But when he looks up, he fails to realise that he is looking up: he merely sees "weird languages" with unnecessary features and assumes they are equivalent in power, but with "other hairy stuff thrown in as well". When Graham considers the point of view of a programmer using a language higher than Blub, he describes that programmer as looking down on Blub and noting its "missing" features from the point of view of the higher language.
gollark: > As long as our hypothetical Blub programmer is looking down the power continuum, he knows he's looking down. Languages less powerful than Blub are obviously less powerful, because they're missing some feature he's used to. But when our hypothetical Blub programmer looks in the other direction, up the power continuum, he doesn't realize he's looking up. What he sees are merely weird languages. He probably considers them about equivalent in power to Blub, but with all this other hairy stuff thrown in as well. Blub is good enough for him, because he thinks in Blub.
gollark: Imagine YOU are a BLUB programmer.
gollark: Imagine a language which is UTTERLY generic in expressiveness and whatever, called blub.
gollark: There's the whole "blub paradox" thing.

References
  1. "Cubesmart 2019 Form 10-K Annual Report". U.S. Securities and Exchange Commission.
  2. Mueller, Laura (March 28, 2019). "The 6 Largest Self Storage Companies". Moving.com.
  3. "U-Store-It Trust sets price for its IPO". United Press International. October 7, 2004.
  4. "U-Store-It hires president, CEO". Crain Communications. April 24, 2006.
  5. "U-Store-It Self-Storage Changes Corporate Headquarters". Inside Self Storage. December 17, 2008.
  6. "U-Store-It Is Becoming CubeSmart(SM)" (Press release). Globe Newswire. September 6, 2011.
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