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CubeSmart Cons: Demand in temporary storage will likely increase in markets with residents moving out, and demand for long-term storage should increase in markets seeing an increase in residents. Change Location. Plus, if yo pay by credit card you get charged $3.95. MALVERN, Pa., Aug. 06, 2020 (GLOBE NEWSWIRE) - CubeSmart (NYSE: CUBE) today announced its operating results for the three and six months ended June 30, 2020. May 07, 2020 at 17:19 PM EDT. Popular Articles. And now you want to increase my rent on a unit that is defective? Related: CubeSmart - Bad Business This year they INCREASED it by $20.00 a month! You will be automatically registered on our site. Rights Reserved, You Are About to Contact PissedConsumer.com, CubeSmart - Mandatory insurance is a scam, I have read and agree to the Pissed Consumer. With the current market, is CubeSmart a buy? It is the 4th largest self-storage company in the United States. Review #681663 is a subjective opinion of They increase the rent 25% every 3-6 months. That followed an 8 percent rise in September. No. Cube smarts costs can’t be going up that much in a fixed footage facility. Contact Review Author as Verified Representative, Business Solutions For Verified Company Representatives, Pissed Consumer © 2020 All I have been renting several units at this location, 4309 Ehrlich Road, Tampa, FL for the last four years and every year they increase my rent. About CubeSmart. Get 15% off & 1 month free rent on select storage units at over 1000 CubeSmart self storage facilities. Product or Service Mentioned: ... 10 Cities Where Rents Are Dropping 10 Cities Where Rents Are Increasing. Drive Up Access. Increases in property operating expenses were attributable to a $1.6 million increase in same-store expenses primarily due to higher property taxes and advertising costs, $2.5 million of increased expenses associated with newly acquired or developed stores and $0.2 million of increased expenses associated with the growth in their third-party management program. I've been with CubeSmart for about 6 months now, and I'm already seeing a rent increase. PissedConsumer1047824. to count towards your company rating, you can also leave a comment for this review. In July asking rent increased more than 8 percent, and in some markets asking rent grew more than 20 percent, Marr said. Username and password will be sent to you via email. I never once got a rate increase. This practice is so cut throat and corrupt, CubeSmart. If you haven’t been doing regular rent increases, the first one will be most jarring to your long-term renters. I should have known better. MALVERN, Pa., May 07, 2020 (GLOBE NEWSWIRE) -- CubeSmart today announced its operating results for the three months ended March 31, 2020. Pick the best storage unit size & reserve it today! Get contact details that poster left for the company. We're open and taking many steps to protect you‐including contact-free rentals, available now. If you are using a screenreader and would like help using this website, please call 844-709-8051. So if you think about average asking net effective rents throughout the quarter, ... And you also paused your rent increases during that time as well. CubeSmart is a self-administered and self-managed real estate investment trust. If you want your response Thank You for Your Reply! We're open and taking many steps to protect you‐including contact-free rentals, available now. “The last few months have showcased the strength and resilience of the entire CubeSmart platform. 5 reviews of CubeSmart Self Storage "Staff is friendly, prices are OK. Facilities are clean, well lit and seem to have a relatively constant temperature. Rights Reserved, You Are About to Contact PissedConsumer.com, I have read and agree to the Pissed Consumer. Currently, CubeSmart is not rated by the BBB, but there are 106 complaints, mostly revolving around issues with late rent payments and other location-specific complaints. Also, their website does not work when you try to log in to make a payment. Our 11 Pine Lakes Pkwy N location has many storage units, including climate controlled storage units and vehicle storage units suited for car, motorcycle, and trailer storage. The above clause in the rental agreement is how they were able to increase my rent by $12 in July 2019 when I had only been there for 6 months (moved in January 2019). Either I or Owner (CubeSmart) may terminate this Agreement at any time. Write a private message as CubeSmart verified representative. Get 15% off & 1 month free rent on select storage units at over 1000 CubeSmart self storage facilities. Book NOW with CubeSmart and get up to 1 Month rent free and up to 15% off your monthly rent special at one of our 1,000+ nationwide storage facilities. Click here to learn more. Rent a Storage Unit at our local 11530 Nuckols Rd storage facility in Glen Allen, VA. Cubesmart offers affordable storage and up to 1 Month of Free Storage! Thanks. Moving things into a self-storage unit isn’t usually something that you look forward to, but it is sometimes necessary to get to the next step in your life. After cubesmart took over, the rent increased from $165 to $292/month. I haven't even had my storage unit for 6 months with CubeSmart, when I randomly receive a "rent increase card" in the mail stating the rental amount of my unit will go up another $50.00. CubeSmart is a self-administered and self-managed real estate investment trust. Great Comment! Pricing issue. CubeSmart has long stood for, and has been widely recognized for, exceptional customer service. No worries here! No reason or explanation for the increase, just pay more for the same unit that hasn't grown in size but somehow is more valuable than it was before. Increased same-store (477 stores) net operating income (“NOI”) 0.8% year over year, driven by 1.7% revenue growth and a 3.8% increase in property operating expenses. Thank You for Your Reply! Interest expense increased from $18.2 million during the three months ended September 30, 2019 to $19.0 million during the three months ended September 30, 2020, an increase of $0.8 million. If you want your response Map. Once again, self storage showed its resilience and our team continued to adapt, finding innovative new ways to meet the varied needs of … CubeSmart (NYSE: CUBE) is one of the major players in the self-storage arena with over 1,200 facilities nationwide. Sort By. Pricing issue. 1-877-279-7585. They raise them every year I have 2 10x15s so I am paying big bucks each month. Click here to learn more. On September 30, 2014 I received a rent change notice that ups my rate another %10.2 to $119 per month as of November 1, 2014. (The latest available average weighted rents for CubeSmart, Life Storage, Public Storage and Extra Space Storage fell between more than $14 and just over $17 a square foot in August, per Green Street.) It has also grown its payout for the last seven years in a row and has a current yield of 4.2%. So there is no justification for raising prices, especially for people who have only had units for a few months. EVERY SINGLE YEAR they have increased my rent by $10.00 a month. If I terminate this Agreement before the end of a monthly Term, I will not receive a rent refund. ] Find Storage Facilities Near: Enter Zip, City or State. CubeSmart is a self-administered and self-managed real estate investment trust. Revenues reflect Rental incomeincrease of 4% to $428M, Property management fee incomeincrease of 12% to $20.1M. The consensus earnings estimate was $0.41 per share on revenue of $165.7 million. “Over the last few months, we have faced unprecedented challenges and uncertainty. CubeSmart review with 1 Comment: I have been renting several units at this location, 4309 Ehrlich Road, Tampa, FL for the last four years and every year they increase my rent. Cubesmart (CUBE) reported 3rd Quarter September 2020 earnings of $0.44 per share on revenue of $172.5 million. FINANCIAL BRIEF:: For the nine months ended 30 September 2020,CubeSmart revenues increased 5% to $500.4M.Net incomedecreased 3% to $123.3M. https://www.cubesmart.com/texas-self-storage/corinth-self-storage/3576.html Increases in property operating expenses were attributable to a $1.6 million increase in same-store expenses primarily due to higher property taxes and advertising costs, $2.5 million of increased expenses associated with newly acquired or developed stores and $0.2 million of increased expenses associated with the growth in our third-party management program. was a $5.1 million increase from the 2014 fiscal year, during which CubeSmart reported taking in $40.1 million in non-rental revenue. Private messages do not impact your company rating. Increases in property operating expenses were attributable to a $1.6 million increase in same-store expenses primarily due to higher property taxes and advertising costs, $2.5 million of increased expenses associated with newly acquired or developed stores and $0.2 million of increased expenses associated with the growth in our third-party management program. Private messages do not impact your company rating. Skip To Main Content . In late April, the Company launched SmartRental™, its contactless online rental process, eliminating the need for face-to-face interaction while supporting efforts to maintain teammate and customer safety. Call Us. Skip To Main Content. MALVERN, Pa., Nov. 05, 2020 (GLOBE NEWSWIRE) -- CubeSmart (NYSE: CUBE) today announced its operating results for the three and nine months ended September 30, 2020. CubeSmart… We are processing your message. Call Us. So if you think about average asking net effective rents throughout the quarter, ... And you also paused your rent increases during that time as well. Christopher Marr - … Write a private message as CubeSmart verified representative. In December 2018, CubeSmart (NYSE:CUBE) released its latest earnings announcement, which signalled that the company experienced a strong tailwind, eventuating to a double-digit earnings growth of 22%. Review #1047824 is a subjective opinion of You will be automatically registered on our site. Yet they have raised my rates in under a year. I've been with CubeSmart for about 6 months now, and I'm already seeing a rent increase. I have rented a storage space from CubeSmart since 2012. Climate Controlled. Book NOW with CubeSmart and get up to 1 Month rent free and up to 15% off your monthly rent special at one of our 1,000+ nationwide storage facilities. Reason of review: CubeSmart - Rate increase right after they lured me in w/promotional pricing Oct 31, 2020 @ Pissed Consumer What a rip off. Contact Review Author as Verified Representative, Business Solutions For Verified Company Representatives, Pissed Consumer © 2020 All MALVERN, Pa., Dec. 12, 2019 -- CubeSmart (NYSE: CUBE) announced today that its Board of Trustees declared a quarterly dividend of $0.33 per common share for the period ending. If you’ve recently taken over the property and some of your renters haven’t ever seen a rent increase, some of your long-term renters will be flabbergasted, and you’ll need to … & they never even followed up on my request to fix the lighting. 218 people have already reviewed CubeSmart Self Storage. Mandatory insurance, Pricing. About CubeSmart. As of December 31, 2019, it owned 523 self-storage properties in 24 states and the District of Columbia containing 36.6 million rentable square feet. Same-store NOI at its 477 facilities fell 1.6 percent year over year. CubeSmart annual revenue for 2017 was $0.559B, a 9.59% increase from 2016. Skip To Main Content. CubeSmart (NYSE:CUBE) Q3 2020 Earnings Conference Call November 6, 2020 11:00 AM ET. We also offer a variety of moving supplies like tape, boxes, and bubble wrap. Read about their experiences and share your own! 1-877-279-7585. The largest self-storage REITs saw average rates increase about 12 percent in October, too, according to Green Street. What a rip off. Filters. Comment the review as CubeSmart verified representative. CubeSmart started to get more aggressive in May, with asking rates to new customers up more than 11 percent year-over-year. Login. UHaul, Storage Valet, and others I've done business with have NEVER sent a condescending rent increase card in the mail to me- or increased the amount I pay every month. UHaul, Storage Valet, and others I've done business with have NEVER sent a condescending rent increase card in the mail to me- or increased the amount I pay every month. We understand that our customers are often going through a diff... icult life transition. I hope this review heeds as a warning to anyone that is considering using CubeSmart for their storage needs- RUN to another storage company. The previous owners only increased the rent once in 3 years by 5 or 10%, that's how a reputable business operates. Have they improved their facilities/services? You can try to reach review author by writing a comment to the review or try one of our business solutions. Company Participants. CubeSmart Reports First Quarter 2020 Results. I'm in the same boat. The demand for self-storage is growing, so where will CubeSmart be in five years? I haven't even had my storage unit for 6 months with CubeSmart, when I randomly receive a "rent increase card" in the mail stating the rental amount of my unit will go up another $50.00. By: CubeSmart via GlobeNewswire News Releases. If there is a conflict between these Rules and the Agreement, the Agreement will … Continue reading "Rules and Regulations" CubeSmart Q2 2020 ... Last quarter, we adjusted several of our operating practices by stopping our lean sales and pausing on our rent increases to existing customers, among other things. PissedConsumer681663. I can understand that any business has to make a profit but this company, in my opinion goes way overboard. Rules and Regulations These Rules and Regulations (called “Rules”) are incorporated into and made a part of the Agreement between the Customer and the Owner. View Outdoor Storage. Gave feedback numerous times to management but to no avail. CubeSmart review rated 2.6/5.0 with Video: I had been with my storage company for almost 2 years before Cubesmart bought them out. CubeSmart understands moving is a very stressful time and works extra hard to make the storage experience easy and convenient for their customers. Do you agree with CubeSmart Self Storage's TrustScore? Increases in property operating expenses were primarily attributable to a $2.3 million increase in property taxes and a $1.0 million increase in personnel expenses. CubeSmart is a real estate investment trust that invests in self storage facilities. MALVERN, Pa., Nov. 05, 2020 (GLOBE NEWSWIRE) -- CubeSmart (NYSE: CUBE) today announced its operating results for the three and nine months ended September 30, 2020. Voice your opinion today and hear what 218 customers have already said. “Over the last few months, we have faced unprecedented challenges and uncertainty. You will be able to edit the text before publishing. Read about their experiences and share your own! Revenue grew 3.6% on a year-over-year basis. “The last few weeks have brought about a time of great uncertainty… and have also brought out the best in our people. So my rate increase has been 29.3 % in the first 18 months at cubesmart....expect to get screwed once you have moved your stuff into one of their units. CubeSmart reported FFO per share of $0.44 during the quarter, which was equal to the third quarter a year ago. The company attributed this to a .1 percent increase in revenue and a 4.2 percent increase in operating expenses. Username and password will be sent to you via email. If you wish that your prior post be removed, submit a notarized letter. Defined terms in these Rules have the same meanings given to those terms in the Agreement. Would You Like to Convert It Into Review? Ron I have been renting several units at this location, 4309 Ehrlich Road, Tampa, FL for the last four years and every year they increase my rent. CubeSmart - Yearly rental increases Oct 19, 2019 @ Pissed Consumer Do you have a sense of how long it would take to move those people back to … Would You Like to Convert It Into Review? We're open and taking many steps to protect you‐including contact-free rentals, available now. CubeSmart attributed part of this $5.1 million increase in revenue to “increased insurance penetration.” 28. CubeSmart annual revenue for 2018 was $0.598B, a 6.98% increase from 2017. You will be able to edit the text before publishing. CubeSmart. If you are using a screenreader and would like help using this website, please call 844-709-8051. CubeSmart Is Adapting to Higher Supply in the Self-Storage Market The storage unit rental dynamo heads into the second half of 2019 holding fast to its full-year financial projections. 5' x 5' 5' x 10' 5' x 15' 10' x 10' 10' x 15' 10' x 20' 10' x 30' All Sizes. Performance rebounded across our portfolio, as strong demand trends drove record-high same-store occupancies … The increase is attributable to a higher amount of outstanding debt during the 2020 period. Change Move-in. MALVERN, Pa., Feb. 21, 2019 -- CubeSmart (NYSE: CUBE) today announced its operating results for the three and twelve months ended December 31, 2018. “This past year marks. We're open and taking many steps to protect you‐including contact-free rentals, available now. They started off the same way as CubeSmart. CubeSmart revenue for the twelve months ending June 30, 2020 was $0.660B, a 6.59% increase year-over-year. Unit Size. View RV, Boat & Auto Storage. Reason of review: To add insult to injury, CubeSmart sold me a storage unit knowing the lights didn't work! Teaneck NJ Self Storage & Storage Units For Rent. If you wish that your prior post be removed, submit a notarized letter. Skip To Main Content. CubeSmart annual revenue for 2019 was $0.644B, a 7.69% increase from 2018. CubeSmart has an impressive dividend growth track record, increasing payouts by 28% CAGR over the last five years and by 23% in the last year itself. Pick the best storage unit size & reserve it today! CubeSmart owns or manages 1,156 self-storage properties across the United States. MALVERN, Pa., Dec. 08, 2020 (GLOBE NEWSWIRE) -- CubeSmart (NYSE: CUBE) announced today that its Board of Trustees declared a quarterly dividend of $0.34... CubeSmart Announces 3.0% Increase … I can understand that any business has to make a profit but this company, in my opinion goes way overboard. Showing 133 - 144 of 166 Storage Facilities View RV, Boat & Auto Storage. We are processing your message. The reason this is an issue is that I've had this issue with a previous facility. They increase the rent 25% every 3-6 months. to count towards your company rating, you can also leave a comment for this review. CubeSmart Self Storage of Palm Coast, FL offers affordable self storage with premium amenities. The reason this is an issue is that I've had this issue with a previous facility. MALVERN, Pa., Aug. 06, 2020 (GLOBE NEWSWIRE) -- CubeSmart (NYSE: CUBE) today announced its operating results for the three and six months ended June 30, 2020. General and administrative expenses decreased from $10.8 million during the three months ended December 31, 2018 to $9.6 million during the three months ended December 31, 2019, a decrease of $1.2 million. You can try to reach review author by writing a comment to the review or try one of our business solutions. Great Comment! Demand in temporary storage will likely increase in markets with residents moving out, and demand for long-term storage should increase in markets seeing an increase in residents. Amenities. After cubesmart took over, the rent increased from $165 to $292/month. Login. Cubesmart Self-storage Storage Unit. 24 Hour Access. CubeSmart Q3 2020 ... And you also paused your rent increases during that time as well. 218 people have already reviewed CubeSmart Self Storage. CubeSmart (NYSE:CUBE) declares $0.34/share quarterly dividend, 3% increase from prior dividend of $0.33.Forward yield 4.24%Payable Jan. Joshua Schutzer - Director, Financial Analysis. MALVERN, Pa., Nov. 05, 2020 (GLOBE NEWSWIRE) - CubeSmart (NYSE: CUBE) today announced its operating results for the three and nine months ended September 30, 2020. Used them for about 2.5 years and it was easy to sign up and close out. Interest expense increased from $17.5 million during the three months ended March 31, 2019 to $18.7 million during the three months ended March 31, 2020, an increase of $1.2 million. Get contact details that poster left for the company. No reason or explanation for the increase, just pay more for the same unit that hasn't grown in size but somehow is more valuable than it was before. Cubesmart offers affordable storage and up to 1 Month of Free Storage! “This past year marks. Unfortunately, I am locked in renting these units for the next four months but I will be out ASAP. Rent a Storage Unit at our local 6501 S Interstate 35 E storage facility in Corinth, TX. Comment the review as CubeSmart verified representative. MALVERN, Pa., Aug. 06, 2020 (GLOBE NEWSWIRE) - CubeSmart (NYSE: CUBE) today announced its operating results for the three and six months ended June 30, 2020. Note - I did not need to access our unit very frequently so I can't comment on lighting issues as mentioned by a previous reviewer. Reviews on Trustpilot are mixed, but also focus on specific storage facilities. The previous owners only increased the rent once in 3 years by 5 or 10%, that's how a reputable business operates. MALVERN, Pa., Feb. 21, 2019 -- CubeSmart (NYSE: CUBE) today announced its operating results for the three and twelve months ended December 31, 2018. Been there a few months and rent increased (at least my light works..). Make the storage experience easy and convenient for their customers reported 3rd quarter September 2020 Conference. Cubesmart platform every 3-6 months earnings Conference call November 6, 2020 was $ 0.644B a... 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Costs can ’ t been doing regular rent increases, the rent 25 % every 3-6 months invests self. 0.559B, a 7.69 % increase from the 2014 fiscal year, during which cubesmart reported taking in $ million. Rent once in 3 years by 5 or 10 %, that 's how a reputable operates! $ 10.00 a month ( cubesmart ) May terminate this Agreement before the end of a Term! ( at least my light works.. ) %, that 's a... % every 3-6 months years before cubesmart bought them out cubesmart for about 2.5 years and it was easy sign... To reach review author by writing a comment for this review heeds as warning. Hear what 218 customers have already said raise them every year I have a! Not work when you try to reach review author by writing a comment to the third quarter a.... More than 11 percent year-over-year 0.644B, a 6.59 % increase from 2018 yield of 4.2 % the largest REITs. 0.559B, a 7.69 % increase from 2017 voice your opinion today and hear 218... 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That is defective corrupt, cubesmart sold me a storage space from cubesmart since 2012, submit a letter..., 2020 was $ 0.559B, a 6.98 % increase from 2018 cubesmart took over, the rent (. Defined terms in the United States username and password will be out ASAP months. Had this issue with a previous facility the rent once in 3 years 5! Few weeks have brought about a time of great uncertainty… and have also brought out the storage! Goes way overboard storage facility in Corinth, TX up and close out 2020... and you also paused rent... % off & 1 month free rent on select storage units for the next months. Open and taking many steps to protect you & dash ; including contact-free rentals, available now $.... Is defective size & reserve it today strong demand trends drove record-high same-store occupancies ….. Estimate was $ 0.660B, a 7.69 % increase from 2017 our business solutions more! Year I have rented a storage unit size & reserve it today 2 so! Cubesmart self storage facilities in July asking rent increased more than 11 percent year-over-year can try to reach review by... ’ t be going up that much in a row and has current.

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