CubeSmart Declares First Quarter 2022 Dividend

Rhea-AI Summary

CubeSmart has declared a quarterly dividend of $0.43 per common share for Q1 2022, payable on April 18, 2022, to shareholders of record by April 1, 2022. As one of the top three self-storage property operators in the U.S., CubeSmart owns or manages 1,265 self-storage facilities nationwide, aiming to address organizational and logistical challenges for both residential and commercial customers through its innovative storage solutions.

Positive

• Quarterly dividend of $0.43 per share enhances income for shareholders.
• Company's strong position as a top self-storage operator may indicate robust business performance.

Negative

• None.

MALVERN, Pa., Feb. 23, 2022 (GLOBE NEWSWIRE) -- CubeSmart (NYSE: CUBE) announced today that its Board of Trustees declared a quarterly dividend of $0.43 per common share for the period ending March 31, 2022. The dividend is payable on April 18, 2022 to common shareholders of record on April 1, 2022.

About the Company

CubeSmart is a self-administered and self-managed real estate investment trust. CubeSmart owns or manages 1,265 self-storage properties across the United States. According to the 2022 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
Vice President, Finance
610-535-5700

FAQ

What is the dividend amount declared by CubeSmart for Q1 2022?

CubeSmart declared a dividend of $0.43 per common share for Q1 2022.

When will CubeSmart's Q1 2022 dividend be paid?

The dividend will be paid on April 18, 2022.

What is the record date for CubeSmart's Q1 2022 dividend?

The record date for the dividend is April 1, 2022.

How many self-storage properties does CubeSmart operate?

CubeSmart operates 1,265 self-storage properties across the United States.

What position does CubeSmart hold in the self-storage market?

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