MALVERN, PA--(Marketwired - December 10, 2015) - CubeSmart (
"Our operating platform and business plan execution have produced strong cash flow growth and our 31% dividend increase reflects our strategy of sharing that growth with common stockholders," commented Christopher P. Marr, President and Chief Executive Officer. "We have increased our dividend more than 60% over the last two years while continuing to maintain a conservative payout ratio, providing the Company with capital to support funding attractive investment opportunities that create long-term value."
About the Company
CubeSmart is a self-administered and self-managed real estate investment trust. CubeSmart owns or manages 663 self-storage facilities across the United States. According to the 2015 Self Storage Almanac, CubeSmart is one of the top four owners and operators of self-storage facilities in the U.S.
The Company's mission is to simplify the organizational and logistical challenges created by the many life events and business needs of its Customers -- through innovative solutions, unparalleled service, and genuine care. The Company's self-storage facilities are designed to offer affordable, easily accessible, secure, and, in most locations, climate-controlled storage space for residential and commercial customers.
For more information about business and personal storage or to learn more about the Company and find a nearby storage facility, visit www.CubeSmart.com or call CubeSmart toll free at 800-800-1717.
Contact Information:
Company Contact:
CubeSmart
Charles Place
Director, Investor Relations
(610) 535-5700