CubeSmart Declares First Quarter 2021 Dividend

Rhea-AI Summary

CubeSmart (NYSE: CUBE) has declared a quarterly dividend of $0.34 per common share for the period ending March 31, 2021. This dividend will be payable on April 15, 2021 to shareholders of record as of April 1, 2021. CubeSmart is a leading real estate investment trust specializing in self-storage properties, owning or managing 1,240 facilities in the U.S. As one of the top three operators in the self-storage sector, CubeSmart aims to provide affordable and accessible storage solutions tailored to both residential and commercial needs.

Positive

• Quarterly dividend of $0.34 per share announced, indicating strong shareholder returns.
• CubeSmart ranks among the top three self-storage property operators in the U.S., demonstrating market strength.
• Company manages a significant portfolio of 1,240 self-storage facilities, suggesting robust operational capacity.

Negative

• None.

MALVERN, Pa., Feb. 23, 2021 (GLOBE NEWSWIRE) -- CubeSmart (NYSE: CUBE) a self-administered and self-managed real estate investment trust focused on self-storage properties, announced today that its Board of Trustees declared a quarterly dividend of $0.34 per common share for the period ending March 31, 2021. The dividend is payable on April 15, 2021 to common shareholders of record on April 1, 2021.

About the Company

CubeSmart is a self-administered and self-managed real estate investment trust. CubeSmart owns or manages 1,240 self-storage properties across the United States. According to the 2020 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:
CubeSmart
Josh Schutzer
Senior Director, Finance
610-535-5700

FAQ

What is the dividend amount declared by CubeSmart in February 2021?

CubeSmart declared a quarterly dividend of $0.34 per common share.

When will CubeSmart's dividend be paid?

The dividend will be paid on April 15, 2021.

What is the record date for CubeSmart's dividend?

The record date for the dividend is April 1, 2021.

How many self-storage properties does CubeSmart manage?

CubeSmart manages 1,240 self-storage properties across the United States.

What is CubeSmart's position in the self-storage industry?

CubeSmart is one of the top three owners and operators of self-storage properties in the U.S.