CubeSmart Investor Presentation Deck

Liquidity and Access to Capital to Grow Access to the full range of capital sources to fund limited near-term commitments Access to Capital Proven ability to access a variety of sources of capital, raising $4.5 billion since 2010 Capital Needs & Liquidity Ample liquidity to manage near-term capital needs Capital Needs: $39.6M through 2022 $39.6M of remaining development commitments¹ ● Existing Sources of Capital $724.8M of remaining capacity on revolving credit facility¹ Retained free cash flow ● ● 500,000 400,000 300,000 200,000 100,000 2021 23 CUBESMART 2022 331,897 2023 1. As of June 30, 2021 58,101 2024 Debt Maturity Schedule¹ 300,000 2025 Common Equity: raised $1.7 billion in net proceeds Unsecured Senior Notes: raised $2.3 billion through eight unsecured note issuances • Credit Facility: $750 million revolving line of credit • Bank Debt: raised $500 million in term loans (since repaid) Preferred Equity: raised $77.5 million through one preferred equity issuance (since redeemed) Unsecured Debt 337,853 2026 2027 Secured Debt 2028 404,300 2029 350,000 2030 450,000 2031

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