CubeSmart Announces Tax Allocations of 2025 Distributions

Rhea-AI Summary

CubeSmart (NYSE: CUBE) announced the tax allocations for its 2025 common share distributions. Total distributions for 2025 were $2.08 per share paid in four $0.52 quarterly distributions.

The ordinary dividend portion for the year totaled $1.836104 per share (each quarter $0.459026). The total capital gain is $0.00 and nondividend distribution totaled $0.243896 per share. The Section 199A-qualified amount for the year is $0.243896 per share (each quarter $0.060974). The company reported $0.00 for the One Year and Three Year Amounts Disclosure under section 1061.

Positive

• Total 2025 distributions of $2.08 per share
• Ordinary dividend component of $1.836104 per share (taxable)
• Section 199A-qualified amount of $0.243896 per share

Negative

• Nondividend distribution $0.243896 may reduce shareholder cost basis
• Fourth-quarter payment is treated as a 2026 distribution for tax purposes

Key Figures

Quarterly distribution: $0.52 per share 2025 total distribution: $2.08 per share Ordinary dividend portion: $0.459026 per share +5 more

8 metrics

Quarterly distribution $0.52 per share Each 2025 quarterly distribution on CubeSmart common shares

2025 total distribution $2.08 per share Sum of 2025 distributions for CubeSmart common shares

Ordinary dividend portion $0.459026 per share Ordinary dividend (Box 1a) per 2025 quarterly distribution

Nondividend distribution $0.060974 per share Nondividend distribution (Box 3) per 2025 quarterly payment

Total ordinary dividends 2025 $1.836104 per share Total 2025 ordinary dividends reported in Box 1a

Total nondividend 2025 $0.243896 per share Total 2025 nondividend distributions reported in Box 3

One Year Amounts Disclosure $0.00 Section 1061 One Year Amounts under Treas. Reg. § 1.1061-6(c)

Three Year Amounts Disclosure $0.00 Section 1061 Three Year Amounts under Treas. Reg. § 1.1061-6(c)

Market Reality Check

Price: $38.88 Vol: Volume 2,383,917 is broad...

normal vol

$38.88 Last Close

Volume Volume 2,383,917 is broadly in line with 20-day average 2,452,501 (relative volume 0.97). normal

Technical Price at $38.88, trading below 200-day MA of $39.9 and about 11.9% under the 52-week high.

Peers on Argus

CUBE is up 1.2% while key peers EGP, FR, STAG, TRNO, and NSA show modest decline...

CUBE is up 1.2% while key peers EGP, FR, STAG, TRNO, and NSA show modest declines between about -0.1% and -1.49%, suggesting today’s move is more stock-specific than sector-driven.

Common Catalyst Several self-storage/industrial REITs, including CUBE and STAG, released tax/dividend treatment disclosures, pointing to a calendar-driven reporting theme rather than a fundamental sector re-rating.

Historical Context

5 past events · Latest: Dec 15 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Dec 15	Dividend increase	Positive	+0.1%	Announced 1.9% quarterly dividend increase and 16th consecutive annual raise.
Oct 30	Quarterly earnings	Negative	-3.6%	Q3 2025 results showed lower same-store NOI and revenue with higher expenses.
Oct 22	Corporate appointment	Neutral	-1.0%	Executive legal appointment at Hertz with modest negative price move recorded.
Oct 02	Earnings call schedule	Neutral	+1.1%	Announced timing and access details for upcoming Q3 2025 earnings call.
Aug 11	Debt financing	Neutral	+0.4%	Priced $450M senior unsecured notes due 2035 at 5.125% interest rate.

Pattern Detected

Recent CUBE news shows modest price reactions: dividend increases and financing moves produced small gains, while weaker same-store metrics in earnings coincided with a more notable decline.

Recent Company History

Over the last six months, CubeSmart events have ranged from dividend growth to capital markets activity and quarterly earnings. A Dec 15, 2025 dividend increase marked the 16th consecutive annual raise with little immediate price impact. The Q3 2025 earnings release on Oct 30 saw a larger negative move amid declining same-store NOI. Debt financing and scheduling updates produced only mild reactions, framing today’s tax allocation notice as another routine, low-volatility disclosure.

Market Pulse Summary

This announcement details the tax treatment of CubeSmart’s 2025 distributions, breaking each quarter...

Analysis

This announcement details the tax treatment of CubeSmart’s 2025 distributions, breaking each quarterly payment into ordinary dividend, nondividend, and other tax-reporting categories. It also specifies $0.00 One Year and Three Year Amounts for section 1061 purposes, which may matter for certain partnership holders. Investors focusing on fundamentals may weigh this against prior earnings, dividend growth history, and future distribution announcements.

Key Terms

CUSIP, Unrecaptured Section 1250 Gain, Section 199A Dividend, Internal Revenue Code, +1 more

5 terms

CUSIP financial

"common stock (CUSIP #229663-109 and traded under ticker symbol CUBE)"

A CUSIP is a nine-character alphanumeric code that uniquely identifies a U.S. or Canadian financial security—such as a stock, bond, or fund share—like a Social Security number for an investment. It matters to investors because brokers, exchanges and record-keepers use the CUSIP to match trades, track ownership, settle transactions and pull accurate records, reducing errors and ensuring money and securities go to the right place.

Unrecaptured Section 1250 Gain regulatory

"Unrecaptured Section 1250 Gain ( 1) (Box 2b)"

A portion of the taxable profit realized when selling depreciable real estate that represents previously claimed depreciation deductions and is taxed at a special, generally higher capital-gains-related rate (capped at 25% under U.S. tax rules). Think of it as paying back part of the tax benefit you took earlier; it matters to investors because it reduces the after-tax proceeds from a sale and can change the economics and timing of selling property or property-related investments.

Section 199A Dividend regulatory

"Section 199A Dividend ( 2 ) (Box 5)"

A section 199A dividend is a type of corporate payout that can qualify individual shareholders for a special U.S. tax break that reduces taxable income by up to 20% for certain pass-through earnings. For investors, it matters because the label affects after-tax returns and how dividends are reported on tax forms—think of it as a coupon that lowers the tax bill on part of the dividend, so identical cash payments can result in different take-home amounts depending on this classification.

Internal Revenue Code regulatory

"for purposes of section 1061 of the Internal Revenue Code, the One Year"

The Internal Revenue Code is the U.S. federal law that sets the rules for calculating, collecting, and enforcing taxes — essentially the country's tax rulebook. It matters to investors because those rules determine how much companies and individuals actually keep after taxes, affecting profits, cash flow, dividend payouts, deal structures and the after-tax return on investments; changes in the Code can change financial outcomes and investment strategy much like a rule change in a game.

applicable partnership interests regulatory

"with respect to direct and indirect holders of “applicable partnership interests.”"

Applicable partnership interests are the specific ownership stakes in a partnership that are subject to a particular contract, transaction or regulatory rule; they represent the portions of profit, loss, cash flow and decision rights tied to those shares. Investors care because which interests are labeled “applicable” determines who receives distributions, bears liabilities and votes on key matters—like which slices of a pie are being sold or re‑allocated—so it directly affects value, control and expected returns.

AI-generated analysis. Not financial advice.

MALVERN, Pa., Jan. 20, 2026 (GLOBE NEWSWIRE) -- CubeSmart (NYSE: CUBE) announced today the tax allocations of its 2025 distributions for CubeSmart Common Shares of Beneficial Interest.

The 2025 distributions paid with respect to CubeSmart common stock (CUSIP #229663-109 and traded under ticker symbol CUBE) are as follows:

Record Date		Payable Date		Total Distribution per Share			Ordinary Dividend (Box 1a)			Total Capital Gain (Box 2a)			Unrecaptured Section 1250 Gain(1) (Box 2b)			Nondividend Distribution (Box 3)			Section 199A Dividend(2) (Box 5)			Section 897 Capital Gains (Box 2f)
1/2/2025		1/16/2025		$	0.52		$	0.459026		$	0.000000		$	0.000000		$	0.060974		$	0.459026		$	0.000000
4/1/2025		4/15/2025		$	0.52		$	0.459026		$	0.000000		$	0.000000		$	0.060974		$	0.459026		$	0.000000
7/1/2025		7/15/2025		$	0.52		$	0.459026		$	0.000000		$	0.000000		$	0.060974		$	0.459026		$	0.000000
10/1/2025		10/15/2025		$	0.52		$	0.459026		$	0.000000		$	0.000000		$	0.060974		$	0.459026		$	0.000000
				$	2.08		$	1.836104		$	0.000000		$	0.000000		$	0.243896		$	1.836104		$	0.000000

⁽¹⁾   Amounts in Box 2b are included in Box 2a.
⁽²⁾   Amounts in Box 5 are included in Box 1a.

The fourth quarter 2025 distribution made to holders of record of common shares as of January 2, 2026 is considered a 2026 distribution for federal income tax purposes.

Pursuant to Treas. Reg. § 1.1061-6(c), the Company reports that for purposes of section 1061 of the Internal Revenue Code, the One Year Amounts Disclosure and the Three Year Amounts Disclosure are $0.00 with respect to direct and indirect holders of “applicable partnership interests.”

About CubeSmart

CubeSmart is a self-administered and self-managed real estate investment trust. CubeSmart owns or manages 1,514 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 facility, visit www.cubesmart.com or call CubeSmart toll free at 800-800-1717.

Company Contact:
Josh Schutzer
Vice President, Finance
(610) 535-5700

FAQ

What was CubeSmart's total distribution per share for 2025 (CUBE)?

CubeSmart paid a $2.08 per share total distribution for 2025, in four $0.52 payments.

How much of CUBE's 2025 distribution is an ordinary dividend?

The ordinary dividend portion for 2025 is $1.836104 per share (each quarter $0.459026).

What is the Section 199A-qualified amount in CubeSmart's 2025 distributions?

The Section 199A-qualified amount for 2025 is $0.243896 per share (each quarter $0.060974).

Did CubeSmart report any capital gains in its 2025 distributions (CUBE)?

No; the total capital gain reported for 2025 is $0.00.

How does the fourth-quarter 2025 distribution affect taxes for CUBE shareholders?

The payment with record date January 2, 2026 is treated as a 2026 distribution for federal income tax purposes.