CubeSmart

Public
Traded as NYSE: CUBE
Industry REIT and self storage
Predecessor U-Store-It Trust
Founded July 2004 (2004-07) (as U-Store-It Trust)
Maryland, U.S.
Headquarters Malvern, Pennsylvania[1], U.S.
Number of locations
667 (owned and managed) (As of 31 December 2015) [2]
Area served
U.S.
Key people
Christopher Marr
(CEO and President)[1]
Services Storage facilities
Revenue $444,521,000 (As of 31 December 2015) [2]
$107,888,000 (As of 31 December 2015) [2]
$78,756,000 (As of 31 December 2015) [2]
Number of employees
1,837 (As of 31 December 2015) [2]
Website cubesmart.com

CubeSmart (NYSE: CUBE), previously known as U-Store-It Trust, is an American real estate investment trust (REIT) and provider of self-storage facilities.

History

CubeSmart was established in 2004, as a Maryland corporation. Established under the name U-Store-It Trust, the company held their initial public offering in July 2004. In December 2008, they relocated the corporate headquarters to Malvern, Pennsylvania. On September 14, 2011, the organization was renamed as CubeSmart.

Facilities

As of December 31, 2015, the company owned 445 self-storage facilities and also managed 222 properties for third party owners, in 22 states and the District of Columbia. [2]

According to industry magazine Inside Self-Storage, by total net rentable square footage CubeSmart is the fourth largest self-storage operator in the United States.[3]

References

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