CubeSmart Investor Presentation Deck
Liquidity and Access to Capital to Grow
Access to the full range of capital sources to fund limited near-term commitments
Access to Capital
Proven ability to access a variety of sources of
capital, raising $4.4 billion since 2010
Capital Needs & Liquidity
Ample liquidity to manage near-term capital needs
Capital Needs: $116.3M through 2022
$44.2M of debt maturities¹
$72.2M of remaining development commitments¹
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Existing Sources of Capital
$631.6M of remaining capacity on revolving
credit facility¹
Retained free cash flow
500,000
400,000
300,000
200,000
100,000
44,178
2021
24 CUBESMART
2022
332,242
2023
1. As of December 31, 2020
151,648
2024
300,000
2025
through eight unsecured note issuances
• Credit Facility: $750 million revolving line of credit
Bank Debt: raised $500 million in term loans (since
repaid)
Preferred Equity: raised $77.5 million through one
preferred equity issuance (since redeemed)
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Debt Maturity Schedule¹
Common Equity: raised $1.5 billion in net proceeds
Unsecured Senior Notes: raised $2.3 billion
338,200
2026
2027
Unsecured Debt ■Secured Debt
2028
404,300
2029
350,000
2030
450,000
2031View entire presentation