CubeSmart Management

Management criteria checks 3/4

CubeSmart's CEO is Chris Marr, appointed in Nov 2008, has a tenure of 15.5 years. total yearly compensation is $6.72M, comprised of 13.2% salary and 86.8% bonuses, including company stock and options. directly owns 0.37% of the company’s shares, worth €32.54M. The average tenure of the management team and the board of directors is 10.3 years and 11 years respectively.

Key information

Chris Marr

Chief executive officer

US$6.7m

Total compensation

CEO salary percentage	13.2%
CEO tenure	15.5yrs
CEO ownership	0.4%
Management average tenure	10.3yrs
Board average tenure	11yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Chris Marr's remuneration changed compared to CubeSmart's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2024	n/a	n/a	US$408m
Dec 31 2023	US$7m	US$884k	US$411m
Sep 30 2023	n/a	n/a	US$380m
Jun 30 2023	n/a	n/a	US$390m
Mar 31 2023	n/a	n/a	US$351m
Dec 31 2022	US$7m	US$850k	US$291m
Sep 30 2022	n/a	n/a	US$255m
Jun 30 2022	n/a	n/a	US$230m
Mar 31 2022	n/a	n/a	US$220m
Dec 31 2021	US$7m	US$800k	US$223m
Sep 30 2021	n/a	n/a	US$220m
Jun 30 2021	n/a	n/a	US$180m
Mar 31 2021	n/a	n/a	US$169m
Dec 31 2020	US$6m	US$775k	US$166m
Sep 30 2020	n/a	n/a	US$165m
Jun 30 2020	n/a	n/a	US$161m
Mar 31 2020	n/a	n/a	US$172m
Dec 31 2019	US$5m	US$750k	US$169m
Sep 30 2019	n/a	n/a	US$175m
Jun 30 2019	n/a	n/a	US$176m
Mar 31 2019	n/a	n/a	US$165m
Dec 31 2018	US$4m	US$715k	US$164m
Sep 30 2018	n/a	n/a	US$155m
Jun 30 2018	n/a	n/a	US$150m
Mar 31 2018	n/a	n/a	US$144m
Dec 31 2017	US$4m	US$687k	US$134m

Compensation vs Market: Chris's total compensation ($USD6.72M) is above average for companies of similar size in the German market ($USD3.29M).

Compensation vs Earnings: Chris's compensation has been consistent with company performance over the past year.

CEO

Chris Marr (58 yo)

15.5yrs

Tenure

US$6,719,684

Compensation

Mr. Christopher P. Marr, also known as Chris, is Director of STAG Industrial Inc. at STAG Industrial Operating Partnership, L.P. He has been the Chief Executive Officer and President at CubeSmart since Jan...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Christopher Marr	CEO, President & Trustee	15.5yrs	US$6.72m	0.37% $ 32.5m
Timothy Martin	CFO & Treasurer	15.5yrs	US$2.92m	0.14% $ 12.2m
Joel Keaton	Chief Operating Officer	4.5yrs	US$2.14m	0.032% $ 2.8m
Jeffrey Foster	Senior VP	15.3yrs	US$1.72m	0.081% $ 7.1m
Jennifer Schulte	Chief Human Resources Officer	3.7yrs	US$911.21k	0.0048% $ 423.0k
Matthew DeNarie	Senior VP & Chief Accounting Officer	1.2yrs	no data	0.0071% $ 623.0k
Charles Place	Director	10.3yrs	no data	no data
Daniel Ruble	Vice President of Marketing	10.3yrs	no data	no data
Carey Parsons	Vice President of Operations	17.7yrs	no data	no data
Guy Middlebrooks	Vice President of Third-Party Management	10.3yrs	no data	no data
Joshua Schutzer	Director of Financial Analysis	no data	no data	no data

10.3yrs

Average Tenure

52yo

Average Age

Experienced Management: UK8's management team is seasoned and experienced (10.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Christopher Marr	CEO, President & Trustee	10.3yrs	US$6.72m	0.37% $ 32.5m
Jeffrey Rogatz	Independent Trustee	13.3yrs	US$213.26k	0.021% $ 1.9m
Deborah Ratner-Salzberg	Independent Non-Executive Chair	11yrs	US$252.26k	0.014% $ 1.2m
John Remondi	Independent Trustee	14.5yrs	US$232.26k	0.030% $ 2.7m
John Fain	Independent Trustee	12yrs	US$211.28k	0.017% $ 1.5m
Dorothy Dowling	Independent Trustee	6.8yrs	US$231.05k	0.011% $ 966.2k
Piero Bussani	Independent Trustee	14.3yrs	US$217.26k	0.026% $ 2.3m
Jair Lynch	Independent Director	2yrs	US$205.89k	0.0021% $ 180.8k
Jit Chin	Independent Director	1.6yrs	US$203.72k	0.0017% $ 150.1k

11.0yrs

Average Tenure

60yo

Average Age

Experienced Board: UK8's board of directors are seasoned and experienced ( 11 years average tenure).

CubeSmart Management

Management criteria checks 3/4

Key information

Recent management updates

CubeSmart, Annual General Meeting, May 21, 2024

CubeSmart Appoints Dr. Jit Kee Chin to Serve as Member of the Board

Insufficient new directors

CubeSmart, Annual General Meeting, May 17, 2022

CubeSmart Announces Executive Changes

Recent updates

CubeSmart Provides Earnings Guidance for Second Quarter and Full Year 2024

First quarter 2024 earnings released: EPS: US$0.42 (vs US$0.43 in 1Q 2023)

CubeSmart, Annual General Meeting, May 21, 2024

CubeSmart to Report Q1, 2024 Results on Apr 25, 2024

Fourth quarter dividend of US$0.51 announced

Cubesmart Declares Quarterly Dividend on Common Share for the Period Ending March 31, 2024, Payable on April 15, 2024

Full year 2023 earnings released: EPS: US$1.82 (vs US$1.30 in FY 2022)

CubeSmart (NYSE:CUBE) acquired two -store portfolio located in Connecticut for $20.2 million.

CubeSmart to Report Q4, 2023 Results on Feb 29, 2024

Upcoming dividend of US$0.51 per share at 4.4% yield

CubeSmart Announces Quarterly Dividend, Payable on January 16, 2024

An unknown buyer acquired California Yacht Club, Inc. from CubeSmart (NYSE:CUBE).

Third quarter 2023 earnings released: EPS: US$0.46 (vs US$0.50 in 3Q 2022)

CubeSmart to Report Q3, 2023 Results on Nov 02, 2023

Upcoming dividend of US$0.49 per share at 5.0% yield

CubeSmart Revises Earnings Guidance for the Full Year 2023

Second quarter 2023 earnings released: EPS: US$0.43 (vs US$0.26 in 2Q 2022)

CubeSmart Declares Third Quarter Dividend for the Period Ending September 30, 2023, Payable on October 16, 2023

CubeSmart to Report Q2, 2023 Results on Aug 03, 2023

Upcoming dividend of US$0.49 per share at 4.4% yield

CubeSmart Declares Second Quarter 2023 Dividend, Payable on July 17, 2023

First quarter 2023 earnings released: FFO per share: US$0.7 (vs US$0.58 in 1Q 2022)

Full year 2022 earnings released: EPS: US$1.30 (vs US$1.10 in FY 2021)

CubeSmart to Report Q4, 2022 Results on Feb 23, 2023

Upcoming dividend of US$0.49 per share

CubeSmart Announces Increase in Quarterly Common Dividend, Payable on January 17, 2023

CubeSmart Provides Earnings Guidance for the Fourth Quarter 2022

Third quarter 2022 earnings released: EPS: US$0.50 (vs US$0.43 in 3Q 2021)

CubeSmart Appoints Dr. Jit Kee Chin to Serve as Member of the Board

CubeSmart to Report Q3, 2022 Results on Oct 27, 2022

Upcoming dividend of US$0.43 per share

CubeSmart Provides Earnings Guidance for the Third Quarter and Year of 2022

Second quarter 2022 earnings released: EPS: US$0.26 (vs US$0.24 in 2Q 2021)

Cubesmart Declares Third Quarter 2022 Dividend, Payable on October 17, 2022

CubeSmart to Report Q2, 2022 Results on Aug 04, 2022

Upcoming dividend of US$0.43 per share

CubeSmart Declares Second Quarter 2022 Dividend, Payable on July 15, 2022

First quarter 2022 earnings released: EPS: US$0.17 (vs US$0.21 in 1Q 2021)

Insufficient new directors

CubeSmart to Report Q1, 2022 Results on Apr 28, 2022

CubeSmart, Annual General Meeting, May 17, 2022

Upcoming dividend of US$0.43 per share

CubeSmart Announces Executive Changes

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

CubeSmart Provides Earnings Guidance for the First Quarter and Full Year of 2021

CubeSmart Declares First Quarter Dividend for the period ending March 31, 2022, Payable April 18, 2022

CubeSmart to Report Q4, 2021 Results on Feb 24, 2022

Upcoming dividend of US$0.43 per share

Third quarter 2021 earnings released: FFO US$0.59 per share (vs US$0.45 in 3Q 2020)

Upcoming dividend of US$0.34 per share

Second quarter 2021 earnings released: EPS US$0.24 (vs US$0.20 in 2Q 2020)

CubeSmart(NYSE:CUBE) dropped from Russell 1000 Dynamic Index

Upcoming dividend of US$0.34 per share

CubeSmart Declares Dividend for the Second Quarter Ending June 30, 2021, Payable on July 15, 2021

First quarter 2021 earnings released: EPS US$0.21 (vs US$0.20 in 1Q 2020)

CubeSmart Revises 2021 Financial Guidance

Upcoming dividend of US$0.34 per share

Full year 2020 earnings released: FFO US$1.65 per share (vs US$1.71 in FY 2019)

Revenue beats expectations

New 90-day high: €30.00

CubeSmart to Report Q4, 2020 Results on Feb 25, 2021

CubeSmart Not Reinstating Guidance for 2020 Due to COVID-19

CubeSmart to Report Q3, 2020 Results on Nov 05, 2020

CubeSmart Not to Reinstate Guidance for 2020

First half earnings released

CubeSmart (NYSE:CUBE) acquired two stores in Maryland and New Jersey for $65.7 million.

CubeSmart to Report Q2, 2020 Results on Aug 06, 2020

CEO Compensation Analysis

CEO

Tenure