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
1.
2.
200,000
Capital Needs: $53.2M through 2023¹
$22.2M of remaining development commitments
$31.0M of debt maturities
400,000
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Existing Sources of Capital
$664.0M of remaining capacity on revolving credit facility!
Retained free cash flow
●
2022
31,004
2023
32,481
2024
300,000
2025
Secured Debt
As of September 30, 2022
As of September 30, 2022 pro forma to include restated unsecured revolving credit facility
336,794
Access to Capital
Proven ability to access a variety of sources of capital
2026
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 credit²
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 Schedule²
(000's)
●
86,000
550,000
2027
404,300
2028
Unsecured revolving credit facility
2029
350,000
2030
450,000
2031
500,000
2032
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