CubeSmart Investor Presentation Deck
High Quality Portfolio | Attractive Demand Profile | Positive Supply Trends | Premier NYC Operator
Brooklyn Market Summary
Top 5 Operators¹
Rank Operator
1
CubeSmart
2
3
5
5
Life Storage
Public Storage
Extra Space
Safeguard
Stop & Stor
Demographics²
Population
2,637,486
Market Supply³
Square
Feet
6.6M
Density
38,017 per sq. mi
Sq. Feet per
Capita
2.5
Total
23
14
9
9
7
7
1. Source: Yardi Matrix as of April 30, 2023
2. Source: US Census Bureau Estimates as of July 1, 2021
3.
4.
Owned
14
3
8
3
7
7
Renter %
69.3%
SF per Capita
CAGR '15-22
+7.3%
% of Existing Stock
15.0%
10.0%
5.0%
0.0%
Key Submarkets
Source: YardiMatrix, CUBE internal market data
CUBE average same-store in-place rent per occupied square foot as of March 31, 2023
Gowanus
Coney
Island
Atlantic
Ave
Corridor
.....
2015 2016 2017 2018 2019 2020 2021 2022 2023
East NY
Brooklyn Annual Deliveries
3
Avg. Market Rent4
< $35
$35 to $40
$40 to $45
> $45
Doesn't Compete
Competes w/ CUBE
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