CubeSmart 2026年季度报告

Yes☑No◻Yes☑No◻ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule405of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company oran emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company” and “emerginggrowth company” in Rule12b-2 of the Exchange Act. Table of Contents EXPLANATORY NOTE This report combines the quarterly reports on Form10-Q for the period ended March 31, 2026 ofCubeSmart (the “Parent Company” or “CubeSmart”) and CubeSmart, L.P. (the “Operating Partnership”).The Parent Company is a Maryland real estate investment trust (“REIT”) that owns its assets and conductsits operations through the Operating Partnership, a Delaware limited partnership, and subsidiaries of the The Parent Company is the sole general partner of the Operating Partnership and, as of March 31,2026, owned a 99.6% interest in the Operating Partnership. The remaining 0.4% interest consists ofcommon units of limited partnership interest issued by the Operating Partnership to third parties inexchange for contributions of properties to the Operating Partnership. As the sole general partner of the Management operates the Parent Company and the Operating Partnership as one enterprise. Themanagement teams of the Parent Company and the Operating Partnership are identical, and their There are a few differences between the Parent Company and the Operating Partnership, which arereflected in the note disclosures in this report. The Company believes it is important to understand thedifferences between the Parent Company and the Operating Partnership in the context of how these entitiesoperate as a consolidated enterprise. The Parent Company is a REIT, whose only material asset is itsownership of the partnership interests of the Operating Partnership. As a result, the Parent Company doesnot conduct business itself, other than acting as the sole general partner of the Operating Partnership,issuing public equity from time to time and guaranteeing the debt obligations of the Operating Partnership.The Operating Partnership holds substantially all of the assets of the Company and, directly or indirectly, The substantive difference between the Parent Company’s and the Operating Partnership’s filings is thefact that the Parent Company is a REIT with public equity, while the Operating Partnership is a partnershipwith no publicly traded equity. In the consolidated financial statements, this difference is primarilyreflected in the equity (or capital for the Operating Partnership) section of the consolidated balance sheets The Company believes that combining the quarterly reports on Form10-Q of the Parent Company and ●facilitate a better understanding by the investors of the Parent Company and the OperatingPartnership by enabling them to view the business as a whole in the same manner asmanagement views and operates the business; Table of Contents In order to highlight the differences between the Parent Company and the Operating Partnership, theseparate sections in this report for the Parent Company and the Operating Partnership specifically refer tothe Parent Company and the Operating Partnership. In the sections that combine disclosures of the ParentCompany and the Operating Partnership, this report refers to such disclosures as those of the Company. As general partner with control of the Operating Partnership, the Parent Company consolidates theOperating Partnership for financial reporting purposes, and the Parent Company does not have significantassets other than its investment in the Operating Partnership. Therefore, the assets and liabilities of theParent Company and the Operating Partnership are the same on their respective consolidated financial This report also includes separate Item4 - Controls and Procedures sections, signature pagesandExhibits31 and 32 certifications for each of the Parent Company and the Operating Partnership, in order toestablish that the Chief Executive Officer and the Chief Financial Officer of the Parent Company and theChief Executive Officer and the Chief Financial Officer of the Operating Partnership have made the TABLE OF CONTENTS PartI. FINANCIAL INFORMATIONItem 1.Financial StatementsItem 2.Management’s Discussion and Analysis of Financial Condition and Results ofOperationsItem 3.Quantitative and Qualitative Disclosures About Market RiskItem 4.Controls and Procedures This combined Form10-Q is being filed separately by CubeSmart and CubeSmart, L.P. Forward-Looking Statements This Quarterly Report on Form10-Q, or “this Report”, together with other statements and informationpublicly disseminated by the Parent Company and