CubeSmart Declares Second Quarter 2024 Dividend

Rhea-AI Summary

CubeSmart (NYSE: CUBE) announced that its Board of Trustees declared a quarterly dividend of $0.51 per common share for Q2 2024, payable on July 15, 2024, to shareholders of record by July 1, 2024.

CubeSmart is a leading real estate investment trust specializing in self-storage properties, managing 1,479 locations across the U.S.

According to the 2024 Self Storage Almanac, CubeSmart ranks among the top three self-storage operators in the country. The company aims to address organizational and logistical challenges with innovative, customer-focused solutions.

Positive

• Quarterly dividend of $0.51 per common share declared, indicating shareholder returns.
• Dividend payable on July 15, 2024, showing timely financial management.
• CubeSmart manages 1,479 self-storage properties, reflecting significant market presence.
• Ranked among the top three U.S. self-storage operators, indicating industry leadership.

Negative

• No mention of revenue or earnings growth, leaving financial performance unclear.
• Dividend might be considered low by some investors seeking higher returns.

MALVERN, Pa., May 21, 2024 (GLOBE NEWSWIRE) -- CubeSmart (NYSE: CUBE) announced today that its Board of Trustees declared a quarterly dividend of $0.51 per common share for the period ending June 30, 2024. The dividend is payable on July 15, 2024 to common shareholders of record on July 1, 2024.  

About the Company

CubeSmart is a self-administered and self-managed real estate investment trust. CubeSmart owns or manages 1,479 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:
CubeSmart
Josh Schutzer
Vice President, Finance
610-535-5700

FAQ

What is CubeSmart's dividend for Q2 2024?

CubeSmart declared a quarterly dividend of $0.51 per common share for Q2 2024.

When is CubeSmart's Q2 2024 dividend payable?

CubeSmart's Q2 2024 dividend is payable on July 15, 2024.

What is the record date for CubeSmart's Q2 2024 dividend?

The record date for CubeSmart's Q2 2024 dividend is July 1, 2024.

How many self-storage properties does CubeSmart manage?

CubeSmart manages 1,479 self-storage properties across the U.S.

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

CubeSmart is one of the top three self-storage operators in the U.S., according to the 2024 Self Storage Almanac.