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0:00 / 0:00I. Business Overview and Strategy
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CubeSmart Acquires 18 Stores for $199.4M Amid 1.5% Revenue Growth

CUBE10-KFiling Date: 2/28/2025
CubeSmart
Description

What this story covers

CubeSmart's 2024 10-K reveals stable self-storage operations with $1.066B revenues up 1.5%, 88.8% occupancy, and $199.4M in acquisitions expanding 45.8M sq ft portfolio. NOI grew 1.9% to $748.5M despite expense rises; strong liquidity covers debt maturities. Risks include economic sensitivity and competition, but conservative balance sheet supports growth.

Story snapshot

CompanyCubeSmart
TickerCUBE
VariantStandard detailed
Duration10:16
Filing type10-K
PeriodAnnual 2024
IndustryReal Estate & Construction
Accession0001298675-25-000011

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