CubeSmart Declares Second Quarter 2020 Dividend

Rhea-AI Summary

CubeSmart (NYSE: CUBE) declared a quarterly dividend of $0.33 per common share for the period ending June 30, 2020. This dividend will be payable on July 15, 2020, to shareholders of record as of July 1, 2020. CubeSmart is a leading self-storage real estate investment trust, managing 1,240 properties across the U.S., positioning itself among the top three in the industry. The company focuses on providing innovative storage solutions that cater to various customer needs.

Positive

• Declared a quarterly dividend of $0.33 per share, enhancing shareholder income.
• Maintained a strong position as one of the top three self-storage property owners in the U.S.
• Operates a robust portfolio of 1,240 self-storage properties, reflecting company growth and market presence.

Negative

• None.

MALVERN, Pa., May 12, 2020 (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 $0.33 per common share for the period ending June 30, 2020. The dividend is payable on July 15, 2020 to common shareholders of record on July 1, 2020.

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 for Q2 2020?

CubeSmart declared a dividend of $0.33 per common share for the period ending June 30, 2020.

When will the dividend be paid to shareholders?

The dividend will be payable on July 15, 2020.

Who are the shareholders eligible for the CubeSmart dividend?

Shareholders of record as of July 1, 2020, are eligible for the dividend.

How many 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.