CubeSmart Unveils 2024 Distribution Tax Allocation Details

Tax Allocations for 2024 Distributions by CubeSmart

CubeSmart (NYSE: CUBE) has recently shared important information regarding the tax allocations for its distributions earmarked for 2024, specifically for its Common Shares of Beneficial Interest. This announcement is vital for investors to understand how their distributions will be treated for tax purposes.

Understanding the 2024 Distribution Overview

The 2024 distributions related to CubeSmart's common stock, under the CUSIP #229663-109 and trading as CUBE, involve several allocations that shareholders should note. Each allocation bears significance for tax reporting and future financial planning.

Detailed Breakdown of Distribution Allocations

For 2024, the total distribution per share is set at $2.04, encompassing several components such as ordinary dividends and capital gains. It is essential that shareholders are aware of specific record and payable dates, such as January 2, 2025, which marks the cutoff for individuals to be considered holders of record.

The breakdown of the distribution allocations includes:
- Ordinary Dividend: $0.485746
- Total Capital Gain: $0.000000
- Section 199A Dividend: $0.024254

Shareholders should consult the official distribution notice for other potential allocations, ensuring they accurately report their earnings on tax filings.

The Company’s Commitment to Shareholders

CubeSmart aims to provide exceptional service and maintain transparency regarding its financial practices. The company’s approach to distributing information, such as tax allocation details, reflects its commitment to investor relations. These practices not only keep investors in the loop but also promote trust and confidence in the company's management.

About CubeSmart and Its Portfolio

CubeSmart is a prominent player in the self-storage industry. With a portfolio that boasts 1,528 self-storage properties spread across the United States, CubeSmart stands as one of the leading owners and operators in this sector. The company focuses on offering secure, conveniently located, and versatile storage options. Their facilities are typically equipped with climate control, making them suitable for a wide range of storage needs for both individuals and businesses.

Innovative Solutions for Life's Storage Needs

The essence of CubeSmart extends beyond mere storage; it encapsulates a mission to alleviate the organizational and logistical hurdles that customers face during major life changes. Whether it's during moving, downsizing, or managing a business, CubeSmart's tailored solutions and exceptional service aim to ease these transitions.

Customers find CubeSmart facilities appealing due to their affordable rates and user-friendly access, which are enhanced further by their climate-controlled environments. This combination of affordability and practicality has positioned CubeSmart as a top choice for many seeking storage solutions.

Reach Out for More Information

To learn more about the various storage options CubeSmart provides or to find a nearby facility, individuals can visit the CubeSmart website or contact their helpful customer service team. This proactive approach helps customers make informed decisions regarding their storage needs.

Company Contact:
Josh Schutzer
Vice President, Finance
(610) 535-5700

Frequently Asked Questions

1. What are the tax allocations for CubeSmart’s 2024 distributions?

The total distribution per share is $2.04, which includes an ordinary dividend of $0.485746 and section 199A dividend component of $0.024254.

2. How does the company communicate with its shareholders?

CubeSmart maintains transparency by providing detailed reports on tax allocations and other shareholder-related information, promoting open communication.

3. How many self-storage properties does CubeSmart manage?

CubeSmart operates 1,528 self-storage properties across the United States, making it a significant player in the self-storage market.

4. What is CubeSmart's mission?

The company's mission is to simplify the storage experience for its customers, addressing logistical challenges with innovative solutions and exceptional service.

5. How can I contact CubeSmart for more information?

Interested individuals can reach out to CubeSmart’s customer service or visit their official website for inquiries about storage options or facilities.

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