CubeSmart Publishes Inaugural Sustainability Report
MALVERN, Pa., Nov. 05, 2021
MALVERN, Pa., Nov. 05, 2021 (GLOBE NEWSWIRE) -- Today, CubeSmart (NYSE: CUBE), the third-largest owner and operator of self-storage properties in the United States, issued its inaugural 2020 Sustainability Report. The report showcases how the Company is dedicated to generating sustainable growth through minimizing operational impact, a commitment to its teammates and community, and strong corporate governance.
“I am proud that today we have published our inaugural Sustainability Report, reflecting the various initiatives we have undertaken to ensure CubeSmart is built for the long-term,” said Christopher P. Marr, President and Chief Executive Officer of CubeSmart. “We look forward to using this report to share our progress along our stated goals in the coming years.”
Highlights from the 2020 report include:
- Introduced specific targets for sustainability goals across environmental, social, and governance initiatives
- Significant reductions in energy (9.8%) and GHG consumption (12.8%) and an increase in renewable energy generation (37%) in 2021
- Enacted our Code of Ethics, Conduct & Human Rights for Vendors and Suppliers to encourage sustainable behavior throughout our supply chain
CubeSmart’s 2020 Sustainability Report can be found on the Investor Relations and Corporate Responsibility sections of the Company’s website.
About CubeSmart
CubeSmart is a self-administered and self-managed real estate investment trust. CubeSmart owns or manages 1,240 self-storage properties across the United States. According to the 2021 Self Storage Almanac, CubeSmart is one of the top three owners and operators of self-storage properties in the U.S.
The Company’s mission is to simplify the organizational and logistical challenges created by the many life events and business needs of its customers – through innovative solutions, unparalleled service, and genuine care. The Company’s self-storage properties are designed to offer affordable, easily accessible, and, in most locations, climate-controlled storage space for residential and commercial customers. For more information about business and personal storage or to learn more about the Company and find a nearby storage property, visit www.cubesmart.com or call CubeSmart toll free at 800-800-1717.
Company Contact:
Josh Schutzer
Vice President, Finance
(610) 535-5700
View original content: REIT
CubeSmart
Symbol: CUBE
CIK: 1298675
Exchange: NYSE
Founded: 2004 (20 years)
Type of REIT: Equity REIT
Listing Status: Public
Market Capitalization: Mid-Cap
REIT Sector: Self Storage
Internally Managed REIT
REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The overall score is out of ten points, with ten being the best score.
Latest Price: $44.59
High: $44.67
Low: $44.03
Open: $44.37
Previous Close: $44.25
Volume: 513,923
52-Week High: $46.74
52-Week Low: $32.08
Last updated: 2024-12-21 - v1.3