CubeSmart SEC Filings

CubeSmart reported Q3 2025 results with total revenues of $285.1 million, up from $270.9 million a year ago. Net income attributable to the company was $82.9 million versus $100.8 million, and diluted EPS was $0.36 versus $0.44. For the first nine months, revenues were $840.4 million versus $798.5 million, with net income attributable of $255.1 million versus $289.3 million, reflecting higher operating, depreciation, and interest expenses.

The balance sheet shows unsecured senior notes, net, of $3.224 billion compared with $2.781 billion at year‑end, and cash of $108.4 million versus $71.6 million. Net storage properties rose to $6.378 billion from $6.038 billion. Operating cash flow for the nine months was $472.0 million. In February 2025, CubeSmart acquired the remaining 80% of HVP IV for $452.8 million, adding 28 stores across multiple states; the assets were recorded at $466.9 million, including $32.0 million of in‑place lease intangibles. Common shares outstanding were 228,035,931 as of October 29, 2025.

CubeSmart furnished an 8-K announcing financial results for the three and nine months ended September 30, 2025. An earnings press release dated October 30, 2025 is included as Exhibit 99.1.

The information is furnished under Items 2.02 and 7.01 and shall not be deemed “filed” under the Exchange Act. The company includes forward-looking statement language. Exhibits are 99.1 and the Inline XBRL cover page data file (Exhibit 104).

CubeSmart reported an insider transaction by its Chief Human Resources Officer. On 10/15/2025, the officer acquired 12.025 phantom shares (Transaction Code A) through reinvested dividend equivalents under the CubeSmart Trust Executive Deferred Compensation Plan (amended and restated January 1, 2007).

The filing lists a $41.11 price for the derivative security and shows 962.682 phantom shares beneficially owned following the transaction, held directly. These phantom shares are payable in cash on a one-for-one basis after the officer ceases employment, with the ability to reallocate among investment options on the first business day of the following calendar quarter.

CubeSmart (CUBE) disclosed an insider transaction by its CFO. On 10/15/2025, the officer acquired 279 phantom shares via dividend equivalent reinvestments under the CubeSmart Trust Executive Deferred Compensation Plan. These phantom shares are derivative securities and are payable in cash on a one-for-one basis after employment ends, with the ability to reallocate among investment options each quarter. The filing lists a price of $41.11 for the derivative security and shows 22,356 derivative securities beneficially owned following the transaction, held directly.

CubeSmart (CUBE) disclosed a routine insider update. On 10/15/2025, the CEO and director reported acquiring 73 phantom shares through dividend-equivalent reinvestment under the company’s Executive Deferred Compensation Plan. The filing lists a derivative security price of $41.11. Following this transaction, the reporting person beneficially owns 5,802 phantom shares. Phantom shares are payable in cash on a one-for-one basis after employment ends.

CubeSmart insider filing (Form 4): Christopher P. Marr, who is listed as both a Director and the CEO, reported a securities change for CubeSmart (CUBE) dated 08/12/2025. The filing states that 10,132 common shares were distributed from a family trust to a child of the reporting person on that date.

Following the reported transaction the filing shows 531,059 shares held directly by the reporting person and additional indirect holdings of 263,838 shares by a spousal trust, 2,698 shares by a second spousal trust, and 30,397 shares held in trust. The Form 4 was filed by one reporting person and is signed by an attorney-in-fact.

CubeSmart is offering $450,000,000 of 5.125% senior notes due November 1, 2035, through operating partnership CubeSmart, L.P., fully guaranteed by CubeSmart. Interest accrues from August 20, 2025, with semi-annual payments on May 1 and November 1 beginning May 1, 2026. Net proceeds are expected to be approximately $440.2 million, intended primarily to repay amounts outstanding under the companys unsecured revolving credit facility (approximately $366.3 million outstanding as of June 30, 2025) and for general corporate purposes.

The notes will be unsecured and rank equally with other unsecured, unsubordinated indebtedness but will be effectively and structurally subordinated to any secured debt and to liabilities of subsidiaries. CubeSmarts guarantee is unsecured and CubeSmart has no material assets other than its interest in the Operating Partnership. The offering is a new issue with no exchange listing and settlement is expected around August 20, 2025.

CubeSmart (CUBE) – Form 144 filing: An unnamed insider has filed a Rule 144 notice to sell 87,604 common shares through Vanguard Marketing Corp. on or about 08/06/2025. Based on the stated aggregate market value of $3.50 million, the implied average selling price is roughly $39.95 per share. The proposed sale represents only 0.038 % of CUBE’s 228.0 million shares outstanding, indicating limited dilution or ownership impact. The shares were originally acquired via stock-option exercise on 01/22/2016. No other sales by the filer were reported during the past three months. The signer certifies there is no undisclosed material adverse information and that the sale complies with Rule 10b5-1 if applicable. While insider intent to sell can signal reduced confidence, the relatively small stake and advance disclosure suggest minimal fundamental effect.