CubeSmart Investor Presentation Deck
Historical Company Data
Same-Store Performance ¹
Revenue Growth
NOI Growth
YOY Occupancy Growth (BPS)
Annual Avg. Occupancy
External Growth
#Acquired Properties
Acquisition Value ($MM)
# of Development Openings
Cost of Development Openings ($MM)
# of Disposed Properties
Disposition Value ($MM)
Trading & Valuation Metrics
2
Market Equity Value
Total Market Capitalization²
Total Gross Assets²
P/FFO (Trailing)³
4
FFO Payout Ratio
Dividend Yield5
2010
0.3%
1.0%
0.6%
76.8%
12
$85.1
0
$0.0
16
$38.1
$965
$1,580
$1,793
18.7x
28.4%
1.5%
30 CUBESMART
2011
3.6%
5.7%
2.0%
78.8%
27
$467.1
0
$0.0
19
$45.2
2012
3.8%
6.0%
3.4%
82.6%
37
$432.3
0
$0.0
26
$60.0
$1,277 $2,049
$2,035 $3,073
$2,195
$2,504
16.4x
19.7x
44.6%
47.3%
2.7%
2.4%
2013
7.4%
9.3%
5.3%
88.4%
20
$189.8
0
$0.0
35
$126.4
1. Performance as reported for the same-store pool as it was constituted at the end of the respective year
2. Year-ending values as detailed in Company's supplemental packages
2014
7.2%
9.6%
2.6%
90.8%
$2,335 $3,752
$3,474 $4,926
$2,757 $3,278
17.5%
20.4%
50.5%
50.9%
2.9%
2.5%
4. Calculated as annual common distributions per share / funds from operations per share, as adjusted
5. Calculated as annual dividend per share / ending common share price
53
$568.2
2
$42.3
0
$0.0
2015
7.3%
9.6%
1.5%
92.3%
29
$292.4
3
$49.3
8
$37.8
2016
7.0%
10.2%
0.8%
92.9%
28
$403.6
2
$64.0
0
$0.0
$5,496 $4,875
$6,758 $6,471
$3,709 $4,146
24.5x 18.6x
55.2% 62.5%
2.7%
3.4%
2017
2018
4.4%
3.3%
5.1%
3.3%
0.2% (0.2%)
93.1% 92.7%
7
$80.7
4
$168.0
0
$0.0
10
$227.5
1
$92.1
2
$17.5
3. Calculated as ending common share price / funds from operations per share, as adjusted. Please refer to CubeSmart's public filings for a detailed explanation of FFO and how it
reconciles to a GAAP measure
$5,324
$5,425
$6,659 $7,172
$4,298 $4,615
18.2x
17.5x
69.8%
74.4%
3.8%
4.3%
2019
1.9%
1.1%
0.0%
92.4%
29
$246.6
3
$90.6
1
$4.1
$6,155
$8,087
$4,955
18.6x
76.3%
4.1%
2020
0.8%
0.1%
2.2%
93.2%
21
$735.9
1
$45.9
1
$12.8
$6,884
$9,249
$5,762
19.5x
72.3%
4.1%View entire presentation