CubeSmart Investor Presentation Deck
Platform | Portfolio | Balance Sheet | Company
Financial Strength
Ensuring stability while funding growth
Continue to operate with credit metrics at the
conservative end of our investment grade rating,
ensuring access to a variety of attractively-priced capital
7.0x
6.0x
5.0x
4.0x
3.0x
2.0x
1.0x
MOODY'S Baa2
(Stable)
2017
STANDARD BBB
& POOR'S
(Stable]
IIIII
2019
2018
Net Debt to EBITDA¹: 4.1x
2020
2021
2022
2023
1. Source: Company Filings, as of December 31 of each stated year, 2023 data for three months ended September 30, 2023 annualized
2. Calculated as annual EBITDA/ Interest Expense
100.0%
80.0%
60.0%
40.0%
20.0%
0.0%
10.0x
8.0x
6.0x
4.0x
2.0x
0.0x
2017
Debt to Gross Assets¹: 38.4%
2017
2018
2019 2020 2021 2022 2023
EBITDA Coverage ¹²: 7.6x
III
2018
2019
2020
Unsecured Debt
Secured Debt
III
2022
2021
2023
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