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CubeSmart is a real estate investment trust that invests in self storage facilities in the United States. As of December 31, 2022, it owned 611 self storage properties in 24 states and the District of Columbia containing 44.1 million rentable square feet. [1] It is the 3rd largest self storage company in the United States.
The company now facilitates self-storage rentals between consumers and storage operators. The company was profiled as one of America's Most Promising Startups by Bloomberg Businessweek in 2011. [4] SpareFoot lists storage business around a particular area to show available units and prices. Customers are able to view available units, real-time ...
Storage Equities was founded by Public Storage in 1980 [17] to purchase self-storage facilities. [9] It was one of 17 self-storage REITs that Public Storage held an interest in. [18] Between 1992 and 1995, Storage Equities paid Public Storage $31 million in management and consulting fees. [6]
The leading self-storage REIT increased its dividend by nearly 245% over the past 10 years. That payout currently yields more than 4%, driven up by the 20% slump in its shares.
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It is the largest owner of self storage units in the United States [3] and the largest self storage property manager. [ 4 ] [ 5 ] Extra Space Storage has won NAREIT's Leader in the Light Award for superior and sustained sustainability efforts in 2020, 2021 and 2022. [ 6 ]
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