CubeSmart (NYSE: CUBE) is a self-storage real estate investment trust (REIT) that owns and operates self-storage facilities across the United States. The company makes money primarily through rental income collected from tenants who lease storage units on a month-to-month basis, supplemented by fees from third-party management contracts where CubeSmart operates facilities it does not own. CubeSmart is structured as a Maryland REIT and conducts its operations through its Delaware limited partnership, CubeSmart, L.P., of which CubeSmart is the sole general partner. The company's common shares trade on the New York Stock Exchange under the ticker CUBE. As of June 30, 2025, the last reported sale price of CUBE common shares was $42.50 per share. The self-storage sector's demand drivers include residential moves, downsizing, and business storage needs. CubeSmart competes in a fragmented but increasingly institutionalized self-storage market alongside other publicly traded self-storage REITs.

Revenue model

Rental income from month-to-month tenant leases of self-storage units, plus fees from third-party property management contracts for facilities not owned by the company.

Products and services

Self-storage unit rentals; third-party management services for self-storage facilities owned by other parties.

Customers and end markets

Individual and business tenants leasing self-storage space on a month-to-month basis. End markets include residential consumers undergoing moves or downsizing and small business operators requiring storage.

Value-chain role

Direct owner-operator and third-party manager of self-storage real estate assets.

Geographic exposure

United States. Specific state or market breakdown not supported by the provided filing excerpts.

Source: SEC 10-K, filed 2026-02-27

Industry: Real Estate Investment Trusts Peers: American Tower Corp Gaming and Leisure Properties Inc Iron Mountain Inc Rayonier Inc Lamar Advertising Co LIFE STORAGE, INC. National Storage Affiliates Trust Weyerhaeuser Co