CubeSmart Announces Tax Allocations of 2024 Distributions
CubeSmart (NYSE: CUBE) has released its tax allocation details for 2024 distributions of Common Shares of Beneficial Interest. The company paid four quarterly distributions of $0.51 per share, totaling $2.04 for the year. Each quarterly distribution consisted of $0.485746 in ordinary dividends and $0.024254 in nondividend distributions.
The breakdown of the annual distribution includes $1.942984 in ordinary dividends (Box 1a) and $0.097016 in nondividend distributions (Box 3). The Section 199A dividend amount is $1.942984. No capital gains, unrecaptured Section 1250 gains, or Section 897 capital gains were reported.
The fourth quarter 2024 distribution, made to holders of record as of January 2, 2025, will be considered a 2025 distribution for federal income tax purposes.
CubeSmart (NYSE: CUBE) ha pubblicato i dettagli sulla allocazione fiscale per le distribuzioni 2024 delle Azioni Ordinarie di Interesse Beneficiario. L'azienda ha effettuato quattro distribuzioni trimestrali di $0.51 per azione, per un totale di $2.04 per l'anno. Ogni distribuzione trimestrale consisteva in $0.485746 di dividendi ordinari e $0.024254 di distribuzioni non dividenti.
La ripartizione della distribuzione annuale include $1.942984 in dividendi ordinari (Box 1a) e $0.097016 in distribuzioni non dividenti (Box 3). L'importo del dividendo ai sensi della Sezione 199A è $1.942984. Non sono stati riportati guadagni in conto capitale, guadagni non recuperati della Sezione 1250 o guadagni in conto capitale della Sezione 897.
La distribuzione del quarto trimestre 2024, effettuata ai titolari di registrazione al 2 gennaio 2025, sarà considerata una distribuzione del 2025 ai fini dell'imposta sul reddito federale.
CubeSmart (NYSE: CUBE) ha publicado los detalles de su asignación fiscal para las distribuciones de 2024 de Acciones Comunes de Interés Beneficioso. La empresa realizó cuatro distribuciones trimestrales de $0.51 por acción, totalizando $2.04 para el año. Cada distribución trimestral consistió en $0.485746 en dividendos ordinarios y $0.024254 en distribuciones no dividendos.
El desglose de la distribución anual incluye $1.942984 en dividendos ordinarios (Caja 1a) y $0.097016 en distribuciones no dividendos (Caja 3). El monto del dividendo de la Sección 199A es $1.942984. No se reportaron ganancias de capital, ganancias no recuperadas de la Sección 1250 o ganancias de capital de la Sección 897.
La distribución del cuarto trimestre de 2024, realizada a los tenedores de registro a partir del 2 de enero de 2025, se considerará una distribución de 2025 a efectos del impuesto federal sobre la renta.
CubeSmart (NYSE: CUBE)는 2024년 유익 지분의 보통주 배당에 대한 세금 할당 세부정보를 발표했습니다. 이 회사는 주당 $0.51의 분기 배당금을 4회 지급하여 연간 총 $2.04을 지급했습니다. 각 분기 배당금은 보통 배당금에서 $0.485746와 비배당금에서 $0.024254로 구성되었습니다.
연간 배당금의 세부 내역은 보통 배당금 $1.942984 (박스 1a)와 비배당금 $0.097016 (박스 3)으로 구성됩니다. 섹션 199A 배당금의 금액은 $1.942984입니다. 보고된 자본 이익, 회수되지 않은 섹션 1250 이익 또는 섹션 897 자본 이익은 없습니다.
2024년 4분기 분배는 2025년 1월 2일 기준 소유자에게 지급되며, 연방 소득세 목적상 2025년 분배로 간주됩니다.
CubeSmart (NYSE: CUBE) a publié les détails de l'allocation fiscale pour les distributions de 2024 des Actions Ordinaires d'Intérêt Bénéficiaire. La société a versé quatre distributions trimestrielles de 0,51 $ par action, totalisant 2,04 $ pour l'année. Chaque distribution trimestrielle était composée de 0,485746 $ en dividendes ordinaires et de 0,024254 $ en distributions non divisées.
La répartition de la distribution annuelle comprend 1,942984 $ en dividendes ordinaires (Case 1a) et 0,097016 $ en distributions non divisées (Case 3). Le montant du dividende de la Section 199A est de 1,942984 $. Aucun gain en capital, aucun gain non récupéré de la Section 1250 ou aucun gain en capital de la Section 897 n'a été signalé.
La distribution du quatrième trimestre 2024, effectuée pour les détenteurs enregistrés au 2 janvier 2025, sera considérée comme une distribution de 2025 aux fins de l'impôt fédéral sur le revenu.
CubeSmart (NYSE: CUBE) hat die Steuerverteilungsdetails für die Auszahlungen von 2024 für die Stammaktien von Beneficial Interest veröffentlicht. Das Unternehmen hat vier vierteljährliche Ausschüttungen von 0,51 $ pro Aktie vorgenommen, was insgesamt 2,04 $ für das Jahr entspricht. Jede vierteljährliche Ausschüttung setzte sich aus 0,485746 $ an ordentlichen Dividenden und 0,024254 $ an Nichtdividendenverteilen zusammen.
Die Aufschlüsselung der jährlichen Ausschüttung umfasst 1,942984 $ an ordentlichen Dividenden (Box 1a) und 0,097016 $ an Nichtdividendenverteilen (Box 3). Der Betrag der Dividende nach Abschnitt 199A beträgt 1,942984 $. Es wurden keine Kapitalgewinne, nicht wiedererlangte Gewinne gemäß Abschnitt 1250 oder Kapitalgewinne gemäß Abschnitt 897 gemeldet.
Die Ausschüttung des vierten Quartals 2024, die an die am 2. Januar 2025 eingetragenen Aktionäre gezahlt wird, wird steuerlich als Ausschüttung für 2025 betrachtet.
- Consistent quarterly dividend payments of $0.51 per share throughout 2024
- Total annual distribution of $2.04 per share maintained
- None.
Insights
CubeSmart's 2024 tax allocation breakdown reveals a stable and tax-efficient distribution structure. The company maintained consistent quarterly payments of
For investors, this breakdown has several important implications. The high proportion of ordinary dividends means most of the distribution will be taxed at ordinary income rates, which is typical for REIT investments. However, the nondividend distribution portion is particularly advantageous as it's generally considered a return of capital, reducing the investor's cost basis rather than being immediately taxable.
The absence of capital gains distributions (
For tax planning purposes, investors should note that the Q4 2024 distribution (record date January 2, 2025) will be considered part of their 2025 tax year, not 2024. The zero amounts reported for both One Year and Three Year Amounts under Section 1061 indicates favorable treatment for carried interest holders.
MALVERN, Pa., Jan. 21, 2025 (GLOBE NEWSWIRE) -- CubeSmart (NYSE: CUBE) announced today the tax allocations of its 2024 distributions for CubeSmart Common Shares of Beneficial Interest.
The 2024 distributions paid with respect to CubeSmart common stock (CUSIP #229663-109 and traded under ticker symbol CUBE) are as follows:
| Record Date | Payable Date | Total Distribution per Share | Ordinary Dividend (Box 1a) | Total Capital Gain (Box 2a) | Unrecaptured Section 1250 Gain(1) (Box 2b) | Nondividend Distribution (Box 3) | Section 199A Dividend(2) (Box 5) | Section 897 Capital Gains (Box 2f) | ||||||||||||||||||
| 1/2/2024 | 1/16/2024 | $ | 0.51 | $ | 0.485746 | $ | 0.000000 | $ | 0.000000 | $ | 0.024254 | $ | 0.485746 | $ | 0.000000 | |||||||||||
| 4/1/2024 | 4/15/2024 | $ | 0.51 | $ | 0.485746 | $ | 0.000000 | $ | 0.000000 | $ | 0.024254 | $ | 0.485746 | $ | 0.000000 | |||||||||||
| 7/1/2024 | 7/15/2024 | $ | 0.51 | $ | 0.485746 | $ | 0.000000 | $ | 0.000000 | $ | 0.024254 | $ | 0.485746 | $ | 0.000000 | |||||||||||
| 10/1/2024 | 10/15/2024 | $ | 0.51 | $ | 0.485746 | $ | 0.000000 | $ | 0.000000 | $ | 0.024254 | $ | 0.485746 | $ | 0.000000 | |||||||||||
| $ | 2.04 | $ | 1.942984 | $ | 0.000000 | $ | 0.000000 | $ | 0.097016 | $ | 1.942984 | $ | 0.000000 | |||||||||||||
| (1) Amounts in Box 2b are included in Box 2a. | ||||||||||||||||||||||||||
| (2) Amounts in Box 5 are included in Box 1a. | ||||||||||||||||||||||||||
The fourth quarter 2024 distribution made to holders of record of common shares as of January 2, 2025 is considered a 2025 distribution for federal income tax purposes.
Pursuant to Treas. Reg. § 1.1061-6(c), the Company reports that for purposes of section 1061 of the Internal Revenue Code, the One Year Amounts Disclosure and the Three Year Amounts Disclosure are
About CubeSmart
CubeSmart is a self-administered and self-managed real estate investment trust. CubeSmart owns or manages 1,528 self-storage properties across the United States. According to the 2024 Self Storage Almanac, CubeSmart is one of the top three owners and operators of self-storage properties in the U.S.
The Company’s mission is to simplify the organizational and logistical challenges created by the many life events and business needs of its customers through innovative solutions, unparalleled service, and genuine care. The Company's self-storage properties are designed to offer affordable, easily accessible, and, in most locations, climate-controlled storage space for residential and commercial customers.
For more information about business and personal storage or to learn more about the Company and find a nearby storage facility, visit www.cubesmart.com or call CubeSmart toll free at 800-800-1717.
Company Contact:
Josh Schutzer
Vice President, Finance
(610) 535-5700
FAQ
What is CubeSmart's (CUBE) total dividend distribution for 2024?
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What portion of CUBE's 2024 distributions qualifies as Section 199A dividends?
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