CubeSmart raises annual dividend rate 14% to $1.96 per share

CubeSmart announced that its Board of Trustees declared a quarterly dividend of 49c per common share for the period ending December 31 .The dividend is payable on January 17 to common shareholders of record on January 3. The quarterly distribution represents an annualized dividend rate of $1.96 per share, an increase of 24c per share from the previous annual rate of $1.72 per share. "We continue to execute on our strategy and grow cash flows, allowing us to increase the dividend by 14.0%," commented President and Chief Executive Officer Christopher P. Marr. "This marks the 13th consecutive annual increase to the dividend, showcasing our consistent commitment to sharing our growth with our shareholders." About the Company