MALVERN, Pa., Jan. 20, 2021 (GLOBE NEWSWIRE) -- CubeSmart (NYSE: CUBE), a self-administered and self-managed real estate investment trust focused on self-storage properties, announced today the tax allocations of its 2020 distributions for CubeSmart Common Shares of Beneficial Interest.

The 2020 distributions paid with respect to CubeSmart common stock (CUSIP #229663-109 and traded under ticker symbol CUBE) are as follows:

Record Date	Payable Date	Total Distribution per Share		Ordinary Dividend (Box 1a)		Total Capital Gain (Box 2a)		Unrecaptured Section 1250 Gain⁽¹⁾ (Box 2b)		Nondividend Distribution (Box 3)		Section 199A Dividend⁽²⁾(Box 5)

1/2/2020	1/15/2020	$	0.33	$	0.244773	$	0.007057	$	0.001958	$	0.078170	$	0.244773
4/1/2020	4/15/2020	$	0.33	$	0.244773	$	0.007057	$	0.001958	$	0.078170	$	0.244773
7/1/2020	7/15/2020	$	0.33	$	0.244773	$	0.007057	$	0.001958	$	0.078170	$	0.244773
10/1/2020	10/15/2020	$	0.33	$	0.244773	$	0.007057	$	0.001958	$	0.078170	$	0.244773
		$	1.32	$	0.979092	$	0.028228	$	0.007832	$	0.312680	$	0.979092

⁽¹⁾ Amounts in Box 2b are included in Box 2a.
⁽²⁾ Amounts in Box 5 are included in Box 1a.

The fourth quarter 2020 distribution made to holders of record of common shares as of January 4, 2021 is considered a 2021 distribution for federal income tax purposes.

About the Company

CubeSmart is a self-administered and self-managed real estate investment trust. CubeSmart owns or manages 1,238 self-storage properties across the United States. According to the 2020 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
Senior Director, Finance
(610) 535-5700

CubeSmart Announces Tax Allocations of 2020 Distributions