MALVERN, PA — CubeSmart (NYSE: CUBE) has announced a quarterly dividend of $0.52 per common share for the period ending December 31, 2024. The dividend, reflecting a rise from previous payments, will be distributed on January 16, 2025, to shareholders of record as of January 2, 2025.
This marks the 15th consecutive annual increase in CubeSmart’s dividend, underscoring the company’s consistent performance in the self-storage industry. “We are pleased to announce the 15th consecutive annual increase to our dividend,” said Christopher P. Marr, President and Chief Executive Officer of CubeSmart.
A leading self-administered and self-managed real estate investment trust, CubeSmart owns or manages 1,538 self-storage properties across the United States. The company ranks among the top three owners and operators in the nation’s self-storage sector, as cited in the 2024 Self Storage Almanac.
The dividend increase highlights CubeSmart’s ability to deliver steady shareholder returns while maintaining its position as an industry leader.
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