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Section 1: 8-K (8-K)

 

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

 

 


 

FORM 8-K

 

Current Report
Pursuant To Section 13 or 15(d) of the Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): March 5, 2018

 

CUBESMART

CUBESMART, L.P.

(Exact Name of Registrant as Specified in Charter)

 

Maryland
(CubeSmart)

 

001-32324

 

20-1024732

Delaware
(CubeSmart, L.P.)

 

000-54462

 

34-1837021

(State or Other Jurisdiction of
Incorporation)

 

(Commission File Number)

 

(IRS Employer Identification
Number)

 

5 Old Lancaster Road, Malvern, Pennsylvania 19355

(Address of Principal Executive Offices)

 

(610) 535-5700

(Registrant’s telephone number, including area code)

 

Not Applicable

(Former Name or Former Address, if Changed Since Last Report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

o                                    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

o                                    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

o                                    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

o                                    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 under the Securities Act (17 CFR 230.405) or Rule 12b-2 under the Exchange Act (17 CFR 240.12b-2).

 

Emerging growth company (CubeSmart) o

 

Emerging growth company (CubeSmart, L.P.) o

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

 

CubeSmart o

 

CubeSmart, L.P. o

 

 

 



 

Item 2.02 Results of Operations and Financial Condition

 

We are furnishing with this report a slide presentation (attached as Exhibit 99.1) that may be used in presentations to investors from time to time.

 

Item 7.01 Regulation FD Disclosure.

 

The information disclosed in Item 2.02 above is incorporated into this Item 7.01.

 

The information included in this Current Report on Form 8-K (including the exhibit hereto) is being furnished under Item 2.02, “Results of Operations and Financial Condition,” Item 7.01, “Regulation FD Disclosure” and Item 9.01 “Financial Statements and Exhibits” of Form 8-K. As such, the information (including the exhibit) herein shall not be deemed to be “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that Section, nor shall it be incorporated by reference into a filing under the Securities Act of 1933, as amended, or the Exchange Act, regardless of any general incorporation language in such filing, except as shall be expressly set forth by specific reference in such a filing. This Current Report (including the exhibit hereto) will not be deemed an admission as to the materiality of any information required to be disclosed solely to satisfy the requirements of Regulation FD.

 

Item 9.01    Financial Statements and Exhibits.

 

(d) 

 

Exhibits.

 

Exhibit No.

 

Description

99.1

 

Slide Presentation dated March 2018

 

2



 

EXHIBIT INDEX

 

Exhibit No.

 

Description

99.1

 

Slide Presentation dated March 2018

 

3



 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

 

CUBESMART

 

 

Date: March 5, 2018

 

 

By:

/s/ Jeffrey P. Foster

 

Name:

Jeffrey P. Foster

 

Title:

Senior Vice President, Chief Legal Officer & Secretary

 

 

CUBESMART, L.P.

 

 

 

By: CubeSmart, its general partner

 

 

 

 

Date: March 5, 2018

 

 

By:

/s/ Jeffrey P. Foster

 

Name:

Jeffrey P. Foster

 

Title:

Senior Vice President, Chief Legal Officer & Secretary

 

 

 

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Section 2: EX-99.1 (EX-99.1)

Exhibit 99.1

 

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Safe Harbor Statement Use of Non-GAAP Financial Measures

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Introduction to CubeSmart

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CubeSmart: It’s what’s inside that counts.

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Sophisticated Operating Platform

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Sophisticated Operating Platform Refined Customer Acquisition Strategy

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Sophisticated Operating Platform Long-Term Revenue Maximization

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Sophisticated Operating Platform Proprietary Systems Drive Results

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Sophisticated Operating Platform Understanding the Needs of Our Customers

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Sophisticated Operating Platform Award-Winning Service Culture

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Sophisticated Operating Platform Third-Party Owners Continually Choose CubeSmart

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Sophisticated Operating Platform Building a Mutually Beneficial Partnership

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High-Quality Portfolio National Platform with a Focus in Core Markets

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High-Quality Portfolio Industry-leading Portfolio

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High-Quality Portfolio New York City Market Leader

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High-Quality Portfolio Enhancing the Portfolio with New Properties

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High-Quality Portfolio Continued Investment in our Existing Portfolio

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Disciplined Capital Allocation Extensive Access to Capital

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Disciplined Capital Allocation 1. Source: Company Filings, as of December 31 of each stated year

2. Calculated as annual EBITDA / Interest Expense

3. As of December 31, 2017

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Disciplined Capital Allocation Growing FFO has generated meaningful increases in distributions Growing FFO has generated meaningful increases in distributions

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Current Operating Environment Self-storage continues to be an attractive sector

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Current Operating Environment Generating Outsized Results Generating Outsized Results

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Current Operating Environment Recent Highlights

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CubeSmart: It's what's inside that counts.

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Historical Company Data 1. Performance as reported for the same-store pool as it was constituted at the end of the respective year 2. Year-ending values as detailed in Company's supplemental packages 3. Calculated as ending common share price / funds from operations per share, as adjusted. Please refer to CubeSmart’s public filings for a detailed explanation of FFO and how it reconciles to a GAAP measure 4. Calculated as annual common distributions per share / funds from operations per share, as adjusted 5. Calculated as annual dividend per share / ending common share price

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Contact Us Contact Info Charles Place Director, Investor Relations Email: cplace@cubesmart.com Telephone Office Phone: 610.535.5700

 

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