CubeSmart Investor Presentation Deck
High Quality Portfolio | Attractive Demand Profile | Positive Supply Trends I Premier NYC Operator
Queens Market Summary
Top 5 Operators¹
Rank Operator
1
CubeSmart
2
Safeguard
2
Stop & Stor
2
Public Storage
2
Life Storage
Demographics²
Population
2,328,141
Market Supply³
Square
Feet
5.5M
Density
21,413 per sq. mi
Sq. Feet per
Capita
2.4
Total Owned
19
15
6
6
6
6
6
6
1. Source: Yardi Matrix as of April 30, 2023
2. Source: US Census Bureau Estimates as of July 1, 2021
3.
4.
4
3
Renter %
54.6%
SF per Capita
CAGR '15-22
+5.9%
% of Existing Stock
15.0%
10.0%
5.0%
0.0%
Long
Island
City
Astoria
Source: YardiMatrix, CUBE internal market data
CUBE average same-store in-place rent per occupied square foot as of March 31, 2023
Key Submarkets
Ridgewood
College
Point/
Flushing
Jamaica
Bellerose
Queens Annual Deliveries
3
Avg. Market Rent4
< $35
$35 to $40
$40 to $45
> $45
2015 2016 2017 2018 2019 2020 2021 2022 2023
Doesn't Compete
Competes w/ CUBE
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