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Cubesmart's Business Segments
Cubesmart's reported revenue by business segment and by geographic region, quarterly and annual, normalized against the consolidated income statement. Free below: the top 3 rows per table, this quarter and this fiscal year. Subscriber access adds the full segment history and operating income by segment.
Segment Data As of Q2 FY2025
Reportable Segments
1
Largest Segment
Self Storage Segment
Total Revenue
$ 282
Regions Reported
-
Revenue Share by Reportable Segment - Q2 FY2025
- Self Storage Segment100%
Revenue by Reportable Segment - Q2 FY2025
| Segment | Revenue (Millions) | % of Total |
|---|---|---|
| Self Storage Segment | $ 282 | 100% |
Revenue by Product & Service Category - Q2 FY2025
- Real Estate Other11.5%
- Management Service3.6%
Revenue by Product & Service Category - Q2 FY2025
| Category | Revenue (Millions) | % of Total |
|---|---|---|
| Real Estate Other | $ 33 | 11.5% |
| Management Service | $ 10 | 3.6% |
Product and service categories are a supplemental disclosure and are not required to sum to consolidated revenue or to the reportable segments above.
Description of Cubesmart
Cubesmart is a self-storage company that offers storage solutions for residential and commercial customers. The company was founded in 2004 and is headquartered in Malvern, Pennsylvania.
Cubesmart operates over 1200 self-storage facilities across the United States, making it one of the largest self-storage companies in the country. Additionally, they offer a variety of storage units, including climate-controlled units, vehicle storage, and outdoor storage.
One of the biggest strengths of Cubesmart is their customer service. They pride themselves on providing excellent customer support, and their staff is highly trained to assist customers with any storage-related question, concern or need.
Another factor that sets Cubesmart apart from other self-storage companies is their commitment to sustainability. Cubesmart is dedicated to reducing their environmental impact and have implemented eco-friendly practices in their business operations. In addition to this, they have also partnered with organizations such as Goodwill and Habitat for Humanity to support local communities by donating unused or unwanted items.
Cubesmart also offers a wide range of features and services, including online and mobile access, 24-hour surveillance, and private access codes for each customer. Additionally, they provide free trucks and moving supplies to make the storage process more convenient.
Pricing for Cubesmart varies depending on the location, unit size, and amenities desired by the customer. They offer competitive rates with flexible leasing options, allowing customers to choose the plan that best suits their needs.
Overall, Cubesmart is a highly regarded self-storage company that provides customers with top-notch storage solutions and excellent customer service. With their commitment to sustainability, extensive features, and competitive pricing, they are an excellent choice for anyone in need of self-storage solutions.
Cubesmart operates over 1200 self-storage facilities across the United States, making it one of the largest self-storage companies in the country. Additionally, they offer a variety of storage units, including climate-controlled units, vehicle storage, and outdoor storage.
One of the biggest strengths of Cubesmart is their customer service. They pride themselves on providing excellent customer support, and their staff is highly trained to assist customers with any storage-related question, concern or need.
Another factor that sets Cubesmart apart from other self-storage companies is their commitment to sustainability. Cubesmart is dedicated to reducing their environmental impact and have implemented eco-friendly practices in their business operations. In addition to this, they have also partnered with organizations such as Goodwill and Habitat for Humanity to support local communities by donating unused or unwanted items.
Cubesmart also offers a wide range of features and services, including online and mobile access, 24-hour surveillance, and private access codes for each customer. Additionally, they provide free trucks and moving supplies to make the storage process more convenient.
Pricing for Cubesmart varies depending on the location, unit size, and amenities desired by the customer. They offer competitive rates with flexible leasing options, allowing customers to choose the plan that best suits their needs.
Overall, Cubesmart is a highly regarded self-storage company that provides customers with top-notch storage solutions and excellent customer service. With their commitment to sustainability, extensive features, and competitive pricing, they are an excellent choice for anyone in need of self-storage solutions.
Cubesmart is a comprehensive self-storage facility that provides a wide array of segments, products, and services tailored to meet the varied needs of its customers. Below is an extensive description of these offerings, categorized by customer segments and a detailed exploration of their product and service lineup.
Segments
Segment 1: Residential Customers
Cubesmart focuses on residential customers seeking additional space for their possessions. This segment includes individuals and families who may be downsizing, undergoing a move, or simply requiring temporary storage solutions. Key features include:
- Flexible Lease Agreements: Customers can choose between month-to-month leases or longer-term agreements, allowing for adaptability depending on their changing storage needs.
- Various Storage Unit Sizes: Units range from small lockers to large rooms, catering to different volumes of belongings.
- Climate-Controlled Units: For items sensitive to temperature and humidity, Cubesmart offers climate-controlled storage units that maintain consistent environmental conditions.
- Packing Supplies and Moving Boxes: Available for purchase at their facilities, these supplies ensure that items are securely packed for transport and storage.
- Truck Rentals: To aid in the moving process, Cubesmart offers rental trucks, helping customers transport their belongings seamlessly.
Segment 2: Business Customers
Cubesmart is also well-suited for business customers in need of storage solutions for office-related items. This segment includes small businesses, startups, and larger corporations. Features include:
- Diverse Unit Sizes: Options for small storage units to accommodate documents and supplies, as well as larger spaces for inventory and equipment.
- Inventory Management: Services that assist businesses in organizing and tracking their inventory stored at Cubesmart facilities.
- Logistics Coordination: Support with the logistics of handling incoming and outgoing inventory or supplies.
- Delivery Acceptance: A service that allows businesses to receive deliveries directly at the storage facility.
Segment 3: Military Personnel
Recognizing the unique challenges faced by military members and their families, Cubesmart provides specialized services for this segment. Features include:
- Special Discounts: Reduced rates for active military personnel and veterans.
- Flexible Leases: Short-term storage solutions that can be adjusted based on deployments or relocations due to military orders.
- Protection Plans: Options that offer additional security and peace of mind during unforeseen relocations.
Segment 4: Students
Cubesmart understands that college students often require storage solutions during breaks or transitions. This segment encompasses students attending colleges and universities. Services include:
- Affordable Rates: Special pricing geared towards students, making storage accessible during summer vacations or study abroad programs.
- Unit Size Options: Units that cater specifically to student-sized loads, which typically consist of personal belongings and dorm furniture.
- Moving Assistance: Truck rentals and packing supplies to facilitate an easy move-in and move-out process.
Services Offered
1. Climate-Controlled Storage: Designed for sensitive items such as electronics, artwork, and important documents, these units help prevent damage from temperature fluctuations.
2. Truck Rental: Convenient and cost-effective truck rental services simplify the logistics of moving items in and out of storage.
3. Packing and Moving Supplies: Cubesmart offers essential supplies like boxes, packing tape, bubble wrap, and moving locks to ensure every item is securely stored and protected.
4. Insurance Options: Customers can choose from various insurance policies that cover their belongings against theft, loss, or damage while in storage.
5. Online Account Management: A user-friendly online portal allows customers to manage their storage experience efficiently, facilitating payments, reservations, and lease management at their convenience.
6. Free Moving Truck and Driver: At select locations, Cubesmart provides the opportunity for customers to use a moving truck accompanied by a driver to facilitate their move to the storage facility.
Cubesmart’s extensive range of products and services positions it as a reliable and versatile solution provider for all storage needs. Its dedication to serving various customer segments ensures that individuals, businesses, military personnel, and students can find suitable and accessible storage options tailored to their unique situations.
Segments
Segment 1: Residential Customers
Cubesmart focuses on residential customers seeking additional space for their possessions. This segment includes individuals and families who may be downsizing, undergoing a move, or simply requiring temporary storage solutions. Key features include:
- Flexible Lease Agreements: Customers can choose between month-to-month leases or longer-term agreements, allowing for adaptability depending on their changing storage needs.
- Various Storage Unit Sizes: Units range from small lockers to large rooms, catering to different volumes of belongings.
- Climate-Controlled Units: For items sensitive to temperature and humidity, Cubesmart offers climate-controlled storage units that maintain consistent environmental conditions.
- Packing Supplies and Moving Boxes: Available for purchase at their facilities, these supplies ensure that items are securely packed for transport and storage.
- Truck Rentals: To aid in the moving process, Cubesmart offers rental trucks, helping customers transport their belongings seamlessly.
Segment 2: Business Customers
Cubesmart is also well-suited for business customers in need of storage solutions for office-related items. This segment includes small businesses, startups, and larger corporations. Features include:
- Diverse Unit Sizes: Options for small storage units to accommodate documents and supplies, as well as larger spaces for inventory and equipment.
- Inventory Management: Services that assist businesses in organizing and tracking their inventory stored at Cubesmart facilities.
- Logistics Coordination: Support with the logistics of handling incoming and outgoing inventory or supplies.
- Delivery Acceptance: A service that allows businesses to receive deliveries directly at the storage facility.
Segment 3: Military Personnel
Recognizing the unique challenges faced by military members and their families, Cubesmart provides specialized services for this segment. Features include:
- Special Discounts: Reduced rates for active military personnel and veterans.
- Flexible Leases: Short-term storage solutions that can be adjusted based on deployments or relocations due to military orders.
- Protection Plans: Options that offer additional security and peace of mind during unforeseen relocations.
Segment 4: Students
Cubesmart understands that college students often require storage solutions during breaks or transitions. This segment encompasses students attending colleges and universities. Services include:
- Affordable Rates: Special pricing geared towards students, making storage accessible during summer vacations or study abroad programs.
- Unit Size Options: Units that cater specifically to student-sized loads, which typically consist of personal belongings and dorm furniture.
- Moving Assistance: Truck rentals and packing supplies to facilitate an easy move-in and move-out process.
Services Offered
1. Climate-Controlled Storage: Designed for sensitive items such as electronics, artwork, and important documents, these units help prevent damage from temperature fluctuations.
2. Truck Rental: Convenient and cost-effective truck rental services simplify the logistics of moving items in and out of storage.
3. Packing and Moving Supplies: Cubesmart offers essential supplies like boxes, packing tape, bubble wrap, and moving locks to ensure every item is securely stored and protected.
4. Insurance Options: Customers can choose from various insurance policies that cover their belongings against theft, loss, or damage while in storage.
5. Online Account Management: A user-friendly online portal allows customers to manage their storage experience efficiently, facilitating payments, reservations, and lease management at their convenience.
6. Free Moving Truck and Driver: At select locations, Cubesmart provides the opportunity for customers to use a moving truck accompanied by a driver to facilitate their move to the storage facility.
Cubesmart’s extensive range of products and services positions it as a reliable and versatile solution provider for all storage needs. Its dedication to serving various customer segments ensures that individuals, businesses, military personnel, and students can find suitable and accessible storage options tailored to their unique situations.