Wantage Plaza & CubeSmart - Bids Due 3/13/26 205 State Rt 23 116,450 SF 100% Leased Retail Building Wantage, NJ 07461 For Sale

CubeSmart is a self-administered and self-managed real estate investment trust (NYSE: CUBE) focused on the ownership and operation of self-storage facilities across the United States. Founded in July 2004 as U-Store-It Trust, the company rebranded to CubeSmart in September 2011 and is currently the third-largest owner and operator of self-storage properties in the country. As of December 31, 2025, CubeSmart owned or partially owned 662 self-storage properties totaling approximately 48.4 million rentable square feet, with 88.1% of that space leased to roughly 399,000 customers. The company also manages 862 additional third-party stores, providing fee-based management services. Headquartered in Malvern, Pennsylvania, CubeSmart operates in 25 states and the District of Columbia, with 91% of owned net operating income derived from the top-40 metropolitan statistical areas. The portfolio has geographic exposure to key markets including New York, Florida, Texas, and California, creating concentration to fundamentals in these regions. CubeSmart employs a multi-faceted growth strategy that includes disciplined acquisitions, selective development, value-add joint ventures, and expansion of its third-party management platform. The company pursues properties in metropolitan and suburban markets where demand is supported by household mobility, smaller living spaces, and life transitions. CubeSmart's operations generate revenue through month-to-month storage rentals to residential and commercial customers, along with ancillary income from tenant insurance, moving supplies, and property management fees. The REIT maintains an investment-grade credit rating of BBB/Baa2 and has increased its dividend annually for 15 consecutive years.