CubeSmart Investor Presentation Deck

Operational Strength Drives Results Proven track record of execution, generating meaningful growth Building a strong operational platform on a foundation of sophisticated marketing, revenue management, and customer service has generated outperformance against sector averages across key metrics and driven incremental growth 13 CUBESMART 5 Year Outperformance¹ Same-Store Revenue Growth Same-Store NOI Growth 4.8% CUBE 4.4% CUBE Storage Avg Same-Store Margin Growth 2.2% (0.1%) Storage Avg 5.9% CUBE 13.1% 5.1% FFO, as adjusted Growth CUBE Storage Avg 8.2% Storage Avg 1. Reported average full-year metrics for the other three largest publicly-traded storage REITs by market cap from January 1, 2014 through December 31, 2019

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