CubeSmart Investor Presentation Deck
Platform | Portfolio | Balance Sheet | Company
Financial Strength
Ensuring stability while funding growth
Continue to operate with credit metrics at the
conservative end of our investment grade rating,
ensuring access to a variety of attractively-priced capital
7.0x
6.0x
5.0x
4.0x
3.0x
2.0x
1.0x
MOODY'S Baa2
(Stable)
2017
Net Debt to EBITDA¹: 4.3x
2018
STANDARD BBB
& POOR'S
(Stable]
III
2020
2019
1. Source: Company Filings, as of December 31 of each stated year.
2.
Calculated as annual EBITDA/ Interest Expense
2021
2022
100.0%
80.0%
60.0%
40.0%
20.0%
0.0%
8.0x
6.0x
4.0x
2.0x
0.0x
2017
2017
Debt to Gross Assets¹: 39.6%
2018
2019
2018
2020
2021
EBITDA Coverage ¹2: 7.1x
2019
2022
Ill
2020
Unsecured Debt
Secured Debt
2021
2022
21View entire presentation