During the corresponding time, Cubesmart recorded a revenue increase by 3.26 % year on year, sequentially revenue fell by -0.27 %. While revenue at the Cubesmart's corporate clients
Cubesmart's Comment on Sales, Marketing and Customers
The company owns and/or manages 1,524 self-storage facilities across 25 states, including Arizona, California, Colorado, Connecticut, Florida, Georgia, Illinois, Indiana, Maryland, Massachusetts, Minnesota, Nevada, New Jersey, New Mexico, New York, North Carolina, Ohio, Oregon, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Utah, and Virginia. Additionally, it manages third-party stores in 39 states, such as Alabama, Arkansas, Delaware, Iowa, Kansas, Kentucky, Louisiana, Maine, Michigan, Mississippi, Missouri, New Hampshire, Oklahoma, Vermont, Washington, and Wisconsin, among others. The self-storage properties serve residential and commercial customers who typically rent units on a month-to-month basis. Approximately 84.6% of the owned stores offer climate-controlled units, and some locations provide outside storage for vehicles and boats. Customers generally have access to units during business hours, with certain stores offering 24-hour access via computer-controlled systems. The company has conducted acquisitions in metropolitan statistical areas including Phoenix-Mesa-Scottsdale, AZ; Miami-Fort Lauderdale-Pompano Beach, FL; Hartford-West Hartford-East Hartford, CT; Portland-Vancouver-Beaverton, OR-WA; and Philadelphia-Camden-Wilmington, PA-NJ-DE.
Cubesmart’s Comment on Sales, Marketing and Customers
The company owns and/or manages 1,524 self-storage facilities across 25 states, including Arizona, California, Colorado, Connecticut, Florida, Georgia, Illinois, Indiana, Maryland, Massachusetts, Minnesota, Nevada, New Jersey, New Mexico, New York, North Carolina, Ohio, Oregon, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Utah, and Virginia. Additionally, it manages third-party stores in 39 states, such as Alabama, Arkansas, Delaware, Iowa, Kansas, Kentucky, Louisiana, Maine, Michigan, Mississippi, Missouri, New Hampshire, Oklahoma, Vermont, Washington, and Wisconsin, among others. The self-storage properties serve residential and commercial customers who typically rent units on a month-to-month basis. Approximately 84.6% of the owned stores offer climate-controlled units, and some locations provide outside storage for vehicles and boats. Customers generally have access to units during business hours, with certain stores offering 24-hour access via computer-controlled systems. The company has conducted acquisitions in metropolitan statistical areas including Phoenix-Mesa-Scottsdale, AZ; Miami-Fort Lauderdale-Pompano Beach, FL; Hartford-West Hartford-East Hartford, CT; Portland-Vancouver-Beaverton, OR-WA; and Philadelphia-Camden-Wilmington, PA-NJ-DE.
Sources:
Cubesmart’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
Focus of this report: Cubesmart’s corporate clients.
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