CubeSmart Announces 2.0% Increase in Quarterly Common Dividend
CubeSmart (NYSE: CUBE) has announced a 2.0% increase in its quarterly dividend, declaring $0.52 per common share for the period ending December 31, 2024.
Sentiment and the balance of points
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Rhea-AI Summary
CubeSmart (NYSE: CUBE) has announced a 2.0% increase in its quarterly dividend, declaring $0.52 per common share for the period ending December 31, 2024. The dividend will be paid on January 16, 2025, to shareholders of record as of January 2, 2025. This marks the company's 15th consecutive annual dividend increase.
CubeSmart, a self-administered and self-managed real estate investment trust, currently owns or manages 1,538 self-storage properties across the United States. According to the 2024 Self Storage Almanac, the company ranks among the top three owners and operators of self-storage properties in the U.S.
Positive
- 15th consecutive annual dividend increase demonstrates consistent shareholder returns
- 2.0% increase in quarterly dividend to $0.52 per share
- Maintains position as one of top three self-storage operators in U.S.
- Large portfolio of 1,538 self-storage properties indicates strong market presence
Negative
- None.
Details
News Market Reaction – CUBE
The recorded move for CUBE in the trading session of this news was -0.82%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
MALVERN, Pa., Dec. 13, 2024 (GLOBE NEWSWIRE) -- CubeSmart (NYSE: CUBE) announced today that its Board of Trustees declared a quarterly dividend of
“We are pleased to announce the 15th consecutive annual increase to our dividend,” commented President and Chief Executive Officer Christopher P. Marr.
About the Company
CubeSmart is a self-administered and self-managed real estate investment trust. CubeSmart owns or manages 1,538 self-storage properties across the United States. According to the 2024 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 facility, visit www.cubesmart.com or call CubeSmart toll free at 800-800-1717.
Company Contact:
CubeSmart
Josh Schutzer
Vice President, Finance
610-535-5700
FAQ
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