CubeSmart Declares Second Quarter 2022 Dividend

Rhea-AI Summary

CubeSmart (NYSE: CUBE) has declared a quarterly dividend of $0.43 per common share for the period ending June 30, 2022. This is payable on July 15, 2022 to shareholders of record on July 1, 2022. As one of the top three self-storage property owners in the U.S., CubeSmart operates 1,277 properties. The company focuses on providing accessible, affordable, and climate-controlled storage solutions to meet the diverse needs of residential and commercial customers.

Positive

• Quarterly dividend of $0.43 per share enhances shareholder income.
• Strong positioning as a top three self-storage operator in the U.S.

Negative

• None.

MALVERN, Pa., May 17, 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 June 30, 2022. The dividend is payable on July 15, 2022 to common shareholders of record on July 1, 2022.

About the Company

CubeSmart is a self-administered and self-managed real estate investment trust. CubeSmart owns or manages 1,277 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 June 2022?

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

When will the CubeSmart dividend be paid?

The CubeSmart dividend will be paid on July 15, 2022.

What is the record date for CubeSmart's dividend?

The record date for CubeSmart's dividend is July 1, 2022.

How many self-storage properties does CubeSmart own or manage?

CubeSmart owns or manages 1,277 self-storage properties across the United States.

What industry position does CubeSmart hold?

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