CubeSmart
Market Cap
8.9B
Short interest (May 15)
2.4%
Net Short (Jun 03 ): -0.1%
Borrow Fee
0.27%
↓ 27.5%
Available Shares
5M
↓ 35.1%
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Company Overview
CubeSmart is a real estate investment trust that acquires, owns, and manages self-storage facilities throughout the United States. The company's real estate portfolio is composed of buildings with numerous enclosed storage areas for both residential and commercial customers to rent mainly on a month-by-month basis. Majority of CubeSmart's facilities are located in Florida, Texas, California, New York, and Illinois. Cumulatively, these states account for both the majority of the square footage in the company's real estate portfolio and the majority of its revenue. The company derives nearly all of its revenue from rental income from tenants utilizing its storage facilities.
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