About CubeSmart
CubeSmart is a company based in Malvern (United States) founded in 2004.. The company has 3,100 employees as of December 31, 2024. CubeSmart has completed 3 acquisitions, including Four Seasons Storage, Laaco and Storage Deluxe. CubeSmart operates in a competitive market with competitors including SpareFoot, Clutter, Public Storage, MakeSpace and Neighbor, among others.
- Headquarter Malvern, United States
- Employees 3100 as on 31 Dec, 2024
- Stage Public
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Sectors
Transportation, Automotive & Logistics
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Cubesmart
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Annual Revenue
$1.07 B1.51as on Dec 31, 2024
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Net Profit
$391.18 M-4.77as on Dec 31, 2024
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EBITDA
$688.82 M-1.39as on Dec 31, 2024
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Latest Funding Round
- Investors
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Employee Count
3100
as on Dec 31, 2024
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Investments & Acquisitions
Four Seasons Storage
& 2 more
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IPO & Listings of CubeSmart
CubeSmart is a publicly listed company on the NYSE with ticker symbol CUBE in USA, operating in the Finance sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
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Software Development Team
40 people
District Team
35 people
General Team
22 people
Senior Team
21 people
Leadership Team
13 people
Finance and Accounting
9 people
Trustee Team
8 people
Human Resources and Administration
8 people
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Funding Insights of CubeSmart
- Total Funding Total Funding
- Total Rounds 2
- Last Round Last Round
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First Round
First Round
(30 Jan 2019)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2023 | Amount | Post-IPO - CubeSmart | Valuation |
investors |
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| Jan, 2019 | Amount | Debt – Conventional - CubeSmart | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in CubeSmart
CubeSmart has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include PGGM. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Pensions are administered and assets are managed for various funds.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by CubeSmart
CubeSmart has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include Four Seasons Storage, Laaco and Storage Deluxe. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Sports center services are provided by Laaco in Los Angeles.
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1999 | ||||
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Provider of house acquisition, construction, and asset management services
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1998 | ||||
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Self-storage units are rented to customers in Fort Lauderdale.
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0 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - CubeSmart
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Cubesmart Comparisons
Competitors of CubeSmart
CubeSmart operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as SpareFoot, Clutter, Public Storage, MakeSpace and Neighbor, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
An online marketplace for self-storage rentals is operated.
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| domain | founded_year | HQ Location |
Moving and on-demand storage services are provided for physical belongings.
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| domain | founded_year | HQ Location |
Marketplace for self-storage units is provided to customers.
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| domain | founded_year | HQ Location |
On-demand storage and local moving services are offered.
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| domain | founded_year | HQ Location |
Unused storage spaces are connected between hosts and renters online.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Cubesmart
Frequently Asked Questions about CubeSmart
When was CubeSmart founded?
CubeSmart was founded in 2004 and raised its 1st funding round 15 years after it was founded.
Where is CubeSmart located?
CubeSmart is headquartered in Malvern, United States. It is registered at Malvern, Pennsylvania, United States.
Who is the current CEO of CubeSmart?
Christopher P Marr is the current CEO of CubeSmart.
How many employees does CubeSmart have?
As of Dec 31, 2024, the latest employee count at CubeSmart is 3,100.
What is the annual revenue of CubeSmart?
Annual revenue of CubeSmart is $1.07B as on Dec 31, 2024.
What does CubeSmart do?
Provider of an online platform self storage services for rent. It is a self-administered and self-managed real estate company focused on the ownership, operation, acquisition, and development of self-storage facilities in the United States. It offers storage, service, and solutions sure to exceed their customers expectations. Its self-storage facilities are designed to offer affordable, easily accessible storage space for residential and commercial customers.
Who are the top competitors of CubeSmart?
CubeSmart's top competitors include Clutter, SpareFoot and Public Storage.
Is CubeSmart publicly traded?
Yes, CubeSmart is publicly traded on NYSE under the ticker symbol CUBE.
How many acquisitions has CubeSmart made?
CubeSmart has made 3 acquisitions, including Four Seasons Storage, Laaco, and Storage Deluxe.
Who are CubeSmart's investors?
CubeSmart has 1 investor. Key investors include PGGM.
What is CubeSmart's ticker symbol?
The ticker symbol of CubeSmart is CUBE on NYSE.