Enterprise Value1
S&P/Moody’s
Investment-grade credit rating CubeSmart: A Compelling Investment | Built for Growth | Operations that Drive Performance | Targeted Investments | Strong Fundamentals, Consistent Performance 1. As of June 30, 2026 ■ ■ ■ 2026 Financial Highlights 0.7%
Same-Store
Revenue Growth 5.1%
Same-Store Expense
Growth (1.1)%
Same-Store NOI
Growth
Full Year Outlook2 0.50% to 1.25%
Same-store revenue growth 3.25% to 4.50%
Same-store expense growth (1.00%) to 0.25%
Same-store NOI growth $2.54 to $2.60
FFO, as adjusted, per share Established a 15% ownership position in a newly-formed joint venture that acquired its initial store during the first quarter for a purchase price of $13.6 million Entered into an agreement to contribute 15 wholly-owned stores to a newly-formed joint venture for an agreed-upon value of $197.0 million. Upon closing, we will own a 20% interest in the joint venture Opened for operation one development property for a total cost of $28.0 million Added 58 stores to our third-party management platform, bringing our total third-party managed store count to 872 as of June 30, 2026 Repurchased 2.0 million common shares of beneficial interest through our share repurchase program for $75.8 million at an average purchase price of $37.90 per share 2026 Highlights $13.6M
Acquisitions in Joint
Venture