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CubeSmart Announces Tax Allocations of 2018 Distributions

MALVERN, Pa., Jan. 18, 2019 (GLOBE NEWSWIRE) -- CubeSmart (CUBE), a self-administered and self-managed real estate investment trust focused on self-storage facilities, announced today the tax allocations of its 2018 distributions for CubeSmart Common Shares of Beneficial Interest.

The 2018 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)
 
                   
1/2/2018 1/16/2018   $   0.30   $   0.234570   $   0.040960   $   0.004829   $   0.024470   $   0.234570    
4/2/2018 4/16/2018   $   0.30   $   0.234570   $   0.040960   $   0.004829   $   0.024470   $   0.234570    
7/2/2018 7/16/2018   $   0.30   $   0.234570   $   0.040960   $   0.004829   $   0.024470   $   0.234570    
10/1/2018 10/15/2018   $   0.30   $   0.234570   $   0.040960   $   0.004829   $   0.024470   $   0.234570    
      $   1.20   $   0.938280   $   0.163840   $   0.019316   $   0.097880   $   0.938280    

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

The fourth quarter 2018 distribution made to holders of record of common shares as of January 2, 2019 is considered a 2019 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 1,079 self-storage properties across the United States.  According to the 2019 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:                                   
CubeSmart
Charles Place
Director, Investor Relations
(610) 535-5700