CubeSmart and CBRE Investment Management Announce Formation of Strategic Joint Venture

Rhea-AI Summary

CubeSmart (NYSE: CUBE) and CBRE Investment Management formed a strategic joint venture to invest in U.S. self-storage assets, launching a $250 million program. The venture's initial acquisition is a self-storage property in Phoenix, AZ, and will target core, core-plus, and value-add opportunities in high-growth U.S. markets.

CubeSmart will operate the stores for the venture, leveraging its operating platform to enhance property value and expand CubeSmart's footprint while CBRE IM provides institutional capital and investment expertise.

Positive

• Launch of a $250 million self-storage joint venture
• Initial acquisition: self-storage property in Phoenix, AZ
• CubeSmart to manage venture properties using its operating platform
• Venture will target core, core-plus, and value-add U.S. opportunities
• Partnership with institutional investor CBRE Investment Management

Negative

• None.

Key Figures

Joint venture size: $250 million Quarterly dividend: $0.53 per share Dividend growth: 1.9% increase +5 more

8 metrics

Joint venture size $250 million Self-storage venture with CBRE Investment Management

Quarterly dividend $0.53 per share Dividend for period ending Dec 31, 2025

Dividend growth 1.9% increase Increase in quarterly common dividend announced Dec 15, 2025

Self-storage properties 1,527 properties Owned or managed across the U.S.

Q3 2025 diluted EPS $0.36 Third quarter 2025 results

Q3 2025 FFO/share $0.65 FFO, as adjusted, per diluted share

Unsecured notes issued $450M Unsecured senior notes due 2035

HVP IV acquisition $452.8M Acquired remaining 80% interest in HVP IV

Market Reality Check

Price: $38.00 Vol: Volume 1,978,551 is below...

normal vol

$38.00 Last Close

Volume Volume 1,978,551 is below the 20-day average of 2,316,373 (relative volume 0.85). normal

Technical Shares at 37.05 are trading below the 200-day MA of 39.87 and about 16.04% under the 52-week high.

Peers on Argus

CUBE fell about 1.28% while key REIT/industrial peers were mixed: EGP -0.53%, FR...

CUBE fell about 1.28% while key REIT/industrial peers were mixed: EGP -0.53%, FR -0.91%, TRNO -0.23%, NSA -0.16%, and STAG +0.19%, pointing to a stock-specific move.

Previous Partnership Reports

1 past event · Latest: Jul 26 (Positive)

Same Type Pattern 1 events

Date	Event	Sentiment	Move	Catalyst
Jul 26	Partnership expansion	Positive	-1.2%	Partnership to manage four Texas storage facilities for Precision Global Corporation.

Pattern Detected

The only prior partnership headline saw a negative price reaction despite strategic framing.

Recent Company History

This announcement adds a new partnership-driven growth step for CubeSmart. A prior July 25, 2025 partnership with Precision Global Corporation expanded third‑party management of four Texas facilities, positioning CubeSmart as an operating partner. Today’s $250 million joint venture with CBRE Investment Management similarly emphasizes leveraging its operating platform and relationships to grow in high‑growth self‑storage markets.

Historical Comparison

partnership

+1.2 %

Average Historical Move

Historical Analysis

In the past 6 months, CUBE had 1 partnership headline with an average move of 1.23%. Today’s CBRE joint venture continues that focus on collaborative growth.

Typical Pattern

Partnership activity has progressed from managing third‑party Texas facilities to a larger $250M joint venture targeting core and value‑add self‑storage assets.

Market Pulse Summary

This announcement details a $250 million self‑storage joint venture with CBRE Investment Management,...

Analysis

This announcement details a $250 million self‑storage joint venture with CBRE Investment Management, positioning CubeSmart to pursue core and value‑add assets in high‑growth U.S. markets while managing the properties through its platform. In context of prior partnerships and recent capital raises, key items to watch include acquisition pacing, occupancy trends, same‑store NOI, and how returns from the venture contribute to FFO and dividend sustainability.

Key Terms

joint venture, core-plus, value-add, stock options, +1 more

5 terms

joint venture financial

"announce the acquisition of a self-storage location...as the initial property in a $250 million self-storage venture."

A joint venture is when two or more companies team up to work on a specific project or business idea, sharing both the risks and the rewards. It’s like friends starting a lemonade stand together—each contributes resources and they split the profits, making it easier to succeed than going alone.

core-plus financial

"The newly formed venture will invest in core, core-plus, and value-add opportunities"

An investment approach that sits between very safe, low-return assets and higher-risk, high-return ones: core-plus targets established income-producing assets but accepts modest extra risk or effort — for example taking on properties that need minor improvements or using a bit more borrowing — to earn higher returns than pure core holdings. For investors this matters because it aims to balance steady income with some upside, like choosing a reliable car that needs a small tune-up to run faster.

value-add financial

"will invest in core, core-plus, and value-add opportunities in high growth markets"

Value-add describes actions or changes—such as physical upgrades, cost-cutting measures, or new revenue strategies—that increase an asset’s income, usefulness or market worth. Investors care because value-add efforts can boost cash flow, raise resale value and improve returns by making an investment more attractive or efficient; think renovating a kitchen to sell a house for a higher price or rent it out more profitably.

stock options financial

"the filing shows a grant of 13,014 stock options with an exercise price of $36.05 per share"

Stock options are agreements that give a person the right to buy or sell a company's stock at a specific price within a certain time frame. They are often used as a reward or incentive, similar to a coupon that can be used later if the stock price rises, allowing the holder to make a profit.

Form 8-K regulatory

"filed a Form 8-K to furnish an investor slide presentation"

A Form 8-K is a report that companies file with the government to share important news quickly, such as changes in leadership, major business deals, or financial updates. It matters because it helps investors stay informed about significant events that could affect the company's value or stock price.

AI-generated analysis. Not financial advice.

MALVERN, Pa., Feb. 03, 2026 (GLOBE NEWSWIRE) -- CubeSmart (NYSE: CUBE) and CBRE Investment Management today announced the acquisition of a self-storage location in Phoenix, AZ as the initial property in a $250 million self-storage venture. The newly formed venture will invest in core, core-plus, and value-add opportunities in high growth markets across the United States. CubeSmart will manage the stores on behalf of the venture, enhancing property value through its industry-leading operating platform.

“We are excited to work with CBRE IM, a leading institutional investor, and begin a relationship centered on long-term value creation,” said Christoper P. Marr, President and Chief Executive Officer of CubeSmart. “This new venture builds on a long history of collaborative partnerships and highlights CubeSmart’s creative and disciplined approach to capital deployment. It underscores the strength of our operating platform while allowing us to enhance our growth profile and expand our footprint in attractive markets.”

“CBRE IM is an active investor in self-storage across our platform, and this investment demonstrates our high conviction in the sector going forward,” said Julie Ingersoll, Chief Investment Officer of Americas Direct Real Estate Strategies at CBRE Investment Management. “We're thrilled to launch this exciting new joint venture with CubeSmart, whom we have partnered with for several years now on the operations side. In setting up this new venture, we have a reviewed a number of high-quality opportunities with CubeSmart and appreciate their thoughtful investment approach.”

About CubeSmart
CubeSmart is a self-administered and self-managed real estate investment trust. CubeSmart owns or manages 1,515 self-storage properties across the United States. According to the 2025 Self Storage Almanac, CubeSmart is one of the top three owners and operators of self-storage properties in the U.S. The Company’s mission is to simplify the organizational and logistical challenges created by the many life events and business needs of its customers – through innovative solutions, unparalleled service, and genuine care. The Company's self-storage properties are designed to offer affordable, easily accessible, and, in most locations, climate-controlled storage space for residential and commercial customers. For more information about business and personal storage or to learn more about the Company and find a nearby storage property, visit www.cubesmart.com or call CubeSmart toll free at 800-800-1717.

Company Contacts:
CubeSmart
Josh Schutzer
Vice President, Finance
610-535-5700

CBRE Investment Management
Josh Stoffregen-Foye
Head of Media Relations
josh.stoffregenfoye@cbreim.com 
347-882-0148

FAQ

What did CubeSmart (CUBE) and CBRE IM announce on February 3, 2026?

They announced formation of a strategic joint venture to invest in self-storage assets. According to the company, the venture launches with a $250 million program and completed an initial acquisition of a Phoenix, AZ self-storage property.

How much capital is allocated to the new CubeSmart and CBRE IM self-storage venture?

The venture is sized at $250 million in capital commitments. According to the company, that pool will target core, core-plus, and value-add self-storage opportunities across high-growth U.S. markets.

What role will CubeSmart play in the CUBE–CBRE IM joint venture?

CubeSmart will operate and manage the stores acquired by the venture on behalf of investors. According to the company, CubeSmart will leverage its operating platform to enhance property value and expand its footprint.

Where was the first property acquired by the CubeSmart and CBRE IM venture?

The initial acquisition is a self-storage location in Phoenix, AZ. According to the company, this property serves as the first asset within the newly formed $250 million venture focused on U.S. markets.

What types of self-storage investments will the CUBE and CBRE IM venture pursue?

The venture will invest in core, core-plus, and value-add self-storage opportunities across the United States. According to the company, the strategy targets high-growth markets and leverages CubeSmart's operational capabilities.