CubeSmart Investor Presentation Deck
Platform | Portfolio | Balance Sheet | Company
Liquidity and Access to Capital
Access to the full range of capital sources to fund commitments
Capital Needs & Liquidity
Ample liquidity to manage near-term capital needs
600,000
Capital Needs: $67.7M through 2024¹
$36.1M of remaining development commitments
$31.6M of debt maturities
200,000
400,000
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Existing Sources of Capital
$834.2M of remaining capacity on revolving credit facility¹
Retained free cash flow
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2023
1. As of September 30, 2023
31,617
2024
300,000
2025
335,903
2026
Secured Debt
15,200
Access to Capital
Proven ability to access a variety of sources of capital
2027
Unsecured Debt
Raised $6.4 billion since 2010
Common Equity: Raised $2.5 billion of net proceeds
Unsecured Senior Notes: Raised $3.4 billion through ten unsecured senior
note issuances
Credit Facility: $850 million revolving line of credit
Bank Debt: Raised $500 million in term loans (since repaid)
Preferred Equity: Raised $77.5 million in preferred equity (since redeemed)
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Debt Maturity Schedule¹
(000's)
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550,000
2028
404,300
2029
Unsecured revolving credit facility
350,000
2030
450,000
2031
500,000
2032
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