CubeSmart Investor Presentation Deck
High Quality Portfolio | Attractive Demand Profile | Positive Supply Trends I Premier NYC Operator
Bronx Market Summary
Top 5 Operators¹
Rank Operator
1
CubeSmart
2
3
3
LO
5
5
Extra Space
Storage Post
Life Storage
Public Storage
Safeguard
U-Haul
Demographics²
Population
1,421,089
Market Supply³
Square
Feet
4.6M
Sq. Feet per
Capita
3.2
Total
15
13
5
5
3
3
Density
33,697 per sq. mi
1. Source: Yardi Matrix as of April 30, 2023
2. Source: US Census Bureau Estimates as of July 1, 2021
W
3.
4.
Owned
14
6
LO
5
1
3
3
1
Renter %
80.2%
SF per Capita
CAGR '15-22
+6.5%
% of Existing Stock
15.0%
10.0%
5.0%
0.0%
Source: YardiMatrix, CUBE internal market data
CUBE average same-store in-place rent per occupied square foot as of March 31, 2023
Key Submarkets
Riverdale/
Kingsbridge
South
Bronx
Bronx
River/
Bruckner
Co-Op
City
Bronx Annual Deliveries
....
2015 2016 2017 2018 2019 2020 2021
Avg. Market Rent4
< $35
$35 to $40
$40 to $45
> $45
2022 2023
Don't Compete
Competes w/ CUBE
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