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: $95.0M through 2024¹ $32.3M of remaining development commitments $62.7M of debt maturities 200,000 400,000 ● Existing Sources of Capital $788.6M of remaining capacity on revolving credit facility¹ Retained free cash flow ● ● ● 30,625 2023 1. As of March 31, 2023 32,049 2024 300,000 2025 336,347 2026 Secured Debt 61,400 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) ● ● ● ● Debt Maturity Schedule¹ (000's) ● 550,000 2028 404,300 2029 Unsecured revolving credit facility 350,000 2030 450,000 2031 500,000 2032 22

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