CubeSmart (CUBE) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

Low Risk
Limited dilution potential
Last updated: October 31, 2025

Risk Assessment Details

Potential Dilution: 0.0% of current shares
Recent Dilution: 1.28% (2 years)
Historical Dilution Factor: minimal recent dilution
Outstanding Shares
230M
Potential Supply
0
Additional shares possible
Splits
None
Past 2 years

Summary

CUBE currently has 229M outstanding shares. with minimal authorized share overhang for future dilution. The company has minimally diluted shareholders by 1.28% over the past 2 years.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
Oct 31, 2025

10-Q filing | 228.8M shares outstanding

230M 0
Aug 01, 2025

10-Q filing | 228.7M shares outstanding

230M 0
May 02, 2025

10-Q filing | 228.7M shares outstanding

230M 0
Mar 03, 2025

8-K filing: CubeSmart entered into an Equity Distribution Agreement to sell up to 13,510,817 common shares and terminated a prior at-the-market offering program where 3,510,817 shares remained unsold.

230M 0
Feb 28, 2025

10-K filing | 227.2M shares outstanding

230M 0
Nov 01, 2024

10-Q filing | 226.2M shares outstanding

230M 0
Aug 02, 2024

10-Q filing | 225.9M shares outstanding

230M 0
Apr 26, 2024

10-Q filing | 225.8M shares outstanding

230M 0
Feb 29, 2024

10-K filing | 225.4M shares outstanding

230M 0
Nov 03, 2023

10-Q filing | 225.5M shares outstanding

230M 0
Aug 04, 2023

10-Q filing | 225.4M shares outstanding

230M 0
Apr 28, 2023

10-Q filing | 225.3M shares outstanding

230M 0
Feb 24, 2023

10-K filing | 224.9M shares outstanding

220M 0
Oct 28, 2022

10-Q filing | 225.0M shares outstanding

230M 0
Aug 05, 2022

10-Q filing | 225.0M shares outstanding

220M 0
Apr 29, 2022

10-Q filing | 224.7M shares outstanding

220M 0
Feb 25, 2022

10-K filing | 203.8M shares outstanding

200M 0
Nov 19, 2021

8-K filing: CubeSmart completed an offering of 15,525,000 common shares at an estimated price of $49.32 per share, resulting in net proceeds of approximately $765.7 million, which will be used to fund the acquisition of LAACO. ($765.7M proceeds)

200M 0
Nov 05, 2021

10-Q filing | 203.8M shares outstanding

200M 0
Jul 30, 2021

10-Q filing | 201.4M shares outstanding

200M 0
Apr 30, 2021

10-Q filing | 200.2M shares outstanding

200M 0
Feb 26, 2021

10-K filing | 194.9M shares outstanding

190M 0
Nov 06, 2020

10-Q filing | 193.7M shares outstanding

190M 0
Aug 07, 2020

10-Q filing | 193.6M shares outstanding

190M 0
May 08, 2020

10-Q filing | 193.6M shares outstanding

190M 0
Mar 04, 2020

8-K filing: CubeSmart entered into Second Amended and Restated Equity Distribution Agreements with Wells Fargo Securities, BofA Securities, BMO Capital Markets Corp., Jefferies LLC and Barclays Capital Inc. for the sale of up to 14,559,259 common shares through an at-the-market offering program.

190M 0
Feb 21, 2020

10-K filing | 191.6M shares outstanding

190M 0
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