CubeSmart (CUBE) 2017年年度报告「NYSE」.pdf

1、 2017 Annual Report Section 1:ARS Table of Contents Table of Contents CubeSmart(NYSE:CUBE),headquartered in Malvern,Pennsylvania,is one of the largest owners and operators of self-storage properties in the United States.CubeSmart is organized as a Maryland real estate investment trust(“REIT”).Our st

2、ores are designed to offer affordable,easily accessible,and in most locations,climate-controlled storage space for our residential and commercial customers.As of December 31,2017,we owned 484 self-storage properties located in 23 states and the District of Columbia containing an aggregate of approxi

3、mately 33.8 million rentable square feet.In addition,as of December 31,2017,we managed 452 stores for third parties,bringing the total number of stores we operated to 936.In 2017,we continued to deliver on our core strategic objectives of:Our focus on these core strategic objectives produced another

4、 year of strong growth despite an increasing impact from new supply in many of our core markets.Funds from operations per share,as adjusted,increased 10.4%,and operating cash flow growth supported an 11.1%increase in our annualized common dividend.Solid Organic Growth In a competitive operating envi

5、ronment characterized by high occupancies and increasing levels of new supply,the Companys strong operating performance in 2017 reflects the quality and commitment of our teammates.At CubeSmart,we strategically invest in people,training,and technology to better meet our customers needs and exceed th

6、eir expectations by providing a superior storage experience.In recognition of these efforts,CubeSmart has received numerous external awards for outstanding customer service namely,Stevie Awards for Customer Service Department of the Year,Peoples Choice Stevie Awards for Favorite Customer Service,and