Slide 1: New York City Portfolio Presentation
May 2026 New York City Portfolio Presentation
Slide 2: Safe Harbor Statement
Safe Harbor Statement The forward - looking statements contained in this presentation are subject to various risks and known and unknown uncertainties . Although the Company believes the expectations reflected in such forward - looking statements are based on reasonable assumptions, there can be no
Slide 3: Creating long-term value through a strategic focus on New York
Creating long - term value through a strategic focus on New York CUBE remains uniquely positioned to outperform in the country’s strongest self - storage market High Quality Portfolio Attractive Demand Profile An irreplaceable portfolio of high - NYC is the most attractive self - quality properties
Slide 4: Industry-leading portfolio in the outer-boroughs of New York City
High Quality Portfolio | Attractive Demand Profile | Positive Supply Trends | Strategic Capital Allocation | Premier NYC Operator Industry - leading portfolio in the outer - boroughs of New York City The largest owner of self - storage properties in Brooklyn, Queens, and the Bronx Bronx Properties 1
Slide 5: NYC portfolio supported by broad suburban coverage
High Quality Portfolio | Attractive Demand Profile | Positive Supply Trends | Strategic Capital Allocation | Premier NYC Operator NYC portfolio supported by broad suburban coverage Strong complimentary presence throughout Northern New Jersey, Long Island, and Westchester Properties 1 Owned Managed T
Slide 6: Brooklyn Market Summary
High Quality Portfolio | Attractive Demand Profile | Positive Supply Trends | Strategic Capital Allocation | Premier NYC Operator Brooklyn Market Summary Top 5 Owners 1 Rank Operator Owned Total 1 CubeSmart 14 23 Key Submarkets 2 Extra Space 9 18 3 StorageMart 9 9 Atlantic Ave 4 Public Storage 8 9 C
Slide 7: Queens Market Summary
High Quality Portfolio | Attractive Demand Profile | Positive Supply Trends | Strategic Capital Allocation | Premier NYC Operator Queens Market Summary Top 5 Owners 1 Rank Operator Owned Total Key Submarkets 1 CubeSmart 16 21 College Astoria 2 Extra Space 5 8 Point/ Long Flushing 3 Safeguard 7 7 Isl
Slide 8: Bronx Market Summary
High Quality Portfolio | Attractive Demand Profile | Positive Supply Trends | Strategic Capital Allocation | Premier NYC Operator Bronx Market Summary Top 5 Owners 1 Key Submarkets Rank Operator Owned Total 1 CubeSmart 14 16 2 Extra Space 9 21 3 Storage Post 5 5 Riverdale/ Kingsbridge Co - Op 4 U- H
Slide 9: Portfolio built for both market breadth and depth
High Quality Portfolio | Attractive Demand Profile | Positive Supply Trends | Strategic Capital Allocation | Premier NYC Operator Portfolio built for both market breadth and depth Coverage across all major submarkets with scale in the core outer boroughs 2,3 CUBE Market Share 50% 40% 30% Outside NY
Slide 10: Highest quality assets produce attractive operational metrics
High Quality Portfolio | Attractive Demand Profile | Positive Supply Trends | Strategic Capital Allocation | Premier NYC Operator Highest quality assets produce attractive operational metrics The largest portfolio of purpose - built Class A properties in the outer boroughs of New York City Attractiv
Slide 11: Irreplaceable portfolio of purpose-built stores enhances market position
High Quality Portfolio | Attractive Demand Profile | Positive Supply Trends | Strategic Capital Allocation | Premier NYC Operator Irreplaceable portfolio of purpose - built stores enhances market position Distinctive stores serve as billboards for the brand throughout the market Easy access location
Slide 12: Portfolio well-positioned near key pockets of multifamily development
High Quality Portfolio | Attractive Demand Profile | Positive Supply Trends | Strategic Capital Allocation | Premier NYC Operator Portfolio well - positioned near key pockets of multifamily development Significant growth in key submarkets enhances market positioning Atlantic Avenue Corridor (Brookly
Slide 13: Nation-leading demographics support stable demand trends
High Quality Portfolio | Attractive Demand Profile | Positive Supply Trends | Strategic Capital Allocation | Premier NYC Operator Nation - leading demographics support stable demand trends Demand driven by supplementing smaller living spaces rather than more transient movement Largest Populations De
Slide 14: Robust local economies less dependent on cyclical industries
High Quality Portfolio | Attractive Demand Profile | Positive Supply Trends | Strategic Capital Allocation | Premier NYC Operator Robust local economies less dependent on cyclical industries Outer boroughs have strong economic fundamentals separate from Manhattan Large Economies Stable Industries Co
Slide 15: Unique demand characteristics create a more stable customer base
High Quality Portfolio | Attractive Demand Profile | Positive Supply Trends | Strategic Capital Allocation | Premier NYC Operator Unique demand characteristics create a more stable customer base Different use cases for the product lead to different customer behavior that other markets Longer Length
Slide 16: Unique market characteristics lead to long-term outperformance
High Quality Portfolio | Attractive Demand Profile | Positive Supply Trends | Strategic Capital Allocation | Premier NYC Operator Unique market characteristics lead to long - term outperformance Stable customer base generates lower - beta cash flows with more consistent performance through cycles Sa
Slide 17: Each borough individually has attractive supply-demand fundamentals
High Quality Portfolio | Attractive Demand Profile | Positive Supply Trends | Strategic Capital Allocation | Premier NYC Operator Each borough individually has attractive supply - demand fundamentals Each borough is a sizable market on its own, and the attractive backdrop supports significantly high
Slide 18: New York City remains the lowest-supplied market in the country
High Quality Portfolio | Attractive Demand Profile | Positive Supply Trends | Strategic Capital Allocation | Premier NYC Operator New York City remains the lowest - supplied market in the country Elevated barriers to entry help to maintain attractive supply backdrop Elevated Barriers to Entry Market
Slide 19: Deliveries have significantly slowed from the peak
High Quality Portfolio | Attractive Demand Profile | Positive Supply Trends | Strategic Capital Allocation | Premier NYC Operator Deliveries have significantly slowed from the peak Legislation changes over the last decade are limiting deliveries throughout the outer boroughs NY MSA Supply Deliveries
Slide 20: New development in the outer boroughs has slowed significantly
High Quality Portfolio | Attractive Demand Profile | Positive Supply Trends | Strategic Capital Allocation | Premier NYC Operator New development in the outer boroughs has slowed significantly Meaningful headwinds to supply have manifested themselves into a limited supply outlook NYC Annual Deliveri
Slide 21: Consistent strategic execution built our market-leading portfolio
High Quality Portfolio | Attractive Demand Profile | Positive Supply Trends | Strategic Capital Allocation | Premier NYC Operator Consistent strategic execution built our market - leading portfolio Our core strategic focus on the New York City market transformed the portfolio over 10+ years Acquired
Slide 22: Creating shareholder value through continued portfolio enhancement
High Quality Portfolio | Attractive Demand Profile | Positive Supply Trends | Strategic Capital Allocation | Premier NYC Operator Creating shareholder value through continued portfolio enhancement New York City and the greater MSA have been a central component of our capital allocation strategy Inve
Slide 23: Development program created significant value throughout the MSA
High Quality Portfolio | Attractive Demand Profile | Positive Supply Trends | Strategic Capital Allocation | Premier NYC Operator Development program created significant value throughout the MSA Over $560M delivered in the boroughs, with future opportunities primarily in suburban markets $703 Millio
Slide 24: Leading presence and experience positions CUBE as premier operator
High Quality Portfolio | Attractive Demand Profile | Positive Supply Trends | Strategic Capital Allocation | Premier NYC Operator Leading presence and experience positions CUBE as premier operator Strength of market operations makes us the operator of choice in the market Top operators in NYC such a
Slide 25: Market coverage creates brand recognition
High Quality Portfolio | Attractive Demand Profile | Positive Supply Trends | Strategic Capital Allocation | Premier NYC Operator Market coverage creates brand recognition CubeSmart is the preeminent self - storage brand in the outer boroughs Ubiquity of the Brand Coverage across all major submarket
Slide 26: Brand recognition creates marketing efficiencies
High Quality Portfolio | Attractive Demand Profile | Positive Supply Trends | Strategic Capital Allocation | Premier NYC Operator Brand recognition creates marketing efficiencies CubeSmart is the preeminent self - storage brand in the outer boroughs #1 #1 27% Brand recognition drives half of web tra
Slide 27: Marketing & operational efficiencies drive outperformance
High Quality Portfolio | Attractive Demand Profile | Positive Supply Trends | Strategic Capital Allocation | Premier NYC Operator Marketing & operational efficiencies drive outperformance Sector - leading performance in the New York MSA New York MSA Same - Store Revenue Growth 7.0% 6.0% 5.0% The qua
Slide 28: Creating long-term value through a strategic focus on New York
High Quality Portfolio | Attractive Demand Profile | Positive Supply Trends | Strategic Capital Allocation | Premier NYC Operator Creating long - term value through a strategic focus on New York CUBE remains uniquely positioned to outperform in the country’s strongest self - storage market High Qual