Get contact details that poster left for the company. 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. Sort By. Also, their website does not work when you try to log in to make a payment. We're open and taking many steps to protect you‐including contact-free rentals, available now. Comment the review as CubeSmart verified representative. EVERY SINGLE YEAR they have increased my rent by $10.00 a month. Change Move-in. The demand for self-storage is growing, so where will CubeSmart be in five years? Once again, self storage showed its resilience and our team continued to adapt, finding innovative new ways to meet the varied needs of … If you wish that your prior post be removed, submit a notarized letter. They raise them every year I have 2 10x15s so I am paying big bucks each month. “The last few months have showcased the strength and resilience of the entire CubeSmart platform. Review #681663 is a subjective opinion of The previous owners only increased the rent once in 3 years by 5 or 10%, that's how a reputable business operates. Thank You for Your Reply! 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. You will be able to edit the text before publishing. Would You Like to Convert It Into Review? May 07, 2020 at 17:19 PM EDT. “Over the last few months, we have faced unprecedented challenges and uncertainty. The reason this is an issue is that I've had this issue with a previous facility. 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. 5' x 5' 5' x 10' 5' x 15' 10' x 10' 10' x 15' 10' x 20' 10' x 30' All Sizes. I can understand that any business has to make a profit but this company, in my opinion goes way overboard. CubeSmart has long stood for, and has been widely recognized for, exceptional customer service. Related: CubeSmart - Bad Business This year they INCREASED it by $20.00 a month! If there is a conflict between these Rules and the Agreement, the Agreement will … Continue reading "Rules and Regulations" Username and password will be sent to you via email. Amenities. CubeSmart is a self-administered and self-managed real estate investment trust. 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. 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. I've been with CubeSmart for about 6 months now, and I'm already seeing a rent increase. 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. 218 people have already reviewed CubeSmart Self Storage. With the current market, is CubeSmart a buy? “This past year marks. Great Comment! Yet they have raised my rates in under a year. Change Location. Call Us. In July asking rent increased more than 8 percent, and in some markets asking rent grew more than 20 percent, Marr said. 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. Write a private message as CubeSmart verified representative. After cubesmart took over, the rent increased from $165 to $292/month. 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 … Voice your opinion today and hear what 218 customers have already said. Pricing issue. Reviews on Trustpilot are mixed, but also focus on specific storage facilities. Cubesmart offers affordable storage and up to 1 Month of Free Storage! Company Participants. & they never even followed up on my request to fix the lighting. Product or Service Mentioned: Comment the review as CubeSmart verified representative. Contact Review Author as Verified Representative, Business Solutions For Verified Company Representatives, Pissed Consumer © 2020 All 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. Login. 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. CubeSmart… CubeSmart (NYSE:CUBE) Q3 2020 Earnings Conference Call November 6, 2020 11:00 AM ET. CubeSmart - Yearly rental increases Oct 19, 2019 @ Pissed Consumer CubeSmart is a real estate investment trust that invests in self storage facilities. The increase is attributable to a higher amount of outstanding debt during the 2020 period. They increase the rent 25% every 3-6 months. Climate Controlled. 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. Reason of review: 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. If you want your response Thanks. After cubesmart took over, the rent increased from $165 to $292/month. 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. I can understand that any business has to make a profit but this company, in my opinion goes way overboard. 24 Hour Access. Get contact details that poster left for the company. CubeSmart is a self-administered and self-managed real estate investment trust. Unit Size. Skip To Main Content. Private messages do not impact your company rating. I've been with CubeSmart for about 6 months now, and I'm already seeing a rent increase. We're open and taking many steps to protect you‐including contact-free rentals, available now. The largest self-storage REITs saw average rates increase about 12 percent in October, too, according to Green Street. CubeSmart annual revenue for 2019 was $0.644B, a 7.69% increase from 2018. I should have known better. Write a private message as CubeSmart verified representative. 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 - Rate increase right after they lured me in w/promotional pricing Oct 31, 2020 @ Pissed Consumer Used them for about 2.5 years and it was easy to sign up and close out. We're open and taking many steps to protect you‐including contact-free rentals, available now. “The last few weeks have brought about a time of great uncertainty… and have also brought out the best in our people. The consensus earnings estimate was $0.41 per share on revenue of $165.7 million. Been there a few months and rent increased (at least my light works..). 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. Read about their experiences and share your own! Do you agree with CubeSmart Self Storage's TrustScore? Defined terms in these Rules have the same meanings given to those terms in the Agreement. 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. Reason of review: Christopher Marr - … Same-store NOI at its 477 facilities fell 1.6 percent year over year. MALVERN, Pa., Feb. 21, 2019 -- CubeSmart (NYSE: CUBE) today announced its operating results for the three and twelve months ended December 31, 2018. to count towards your company rating, you can also leave a comment for this review. To add insult to injury, CubeSmart sold me a storage unit knowing the lights didn't work! CubeSmart Q3 2020 ... And you also paused your rent increases during that time as well. The company attributed this to a .1 percent increase in revenue and a 4.2 percent increase in operating expenses. 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. 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. MALVERN, Pa., Feb. 21, 2019 -- CubeSmart (NYSE: CUBE) today announced its operating results for the three and twelve months ended December 31, 2018. View RV, Boat & Auto Storage. 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. 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. Cubesmart Self-storage Storage Unit. PissedConsumer681663. 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. 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. It is the 4th largest self-storage company in the United States. was a $5.1 million increase from the 2014 fiscal year, during which CubeSmart reported taking in $40.1 million in non-rental revenue. It has also grown its payout for the last seven years in a row and has a current yield of 4.2%. Rights Reserved, You Are About to Contact PissedConsumer.com, CubeSmart - Mandatory insurance is a scam, I have read and agree to the Pissed Consumer. Find Storage Facilities Near: Enter Zip, City or State. Rights Reserved, You Are About to Contact PissedConsumer.com, I have read and agree to the Pissed Consumer. We also offer a variety of moving supplies like tape, boxes, and bubble wrap. 218 people have already reviewed CubeSmart Self Storage. No worries here! Read about their experiences and share your own! You will be automatically registered on our site. Revenue grew 3.6% on a year-over-year basis. If you wish that your prior post be removed, submit a notarized letter. 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. 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%. 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. If you are using a screenreader and would like help using this website, please call 844-709-8051. What a rip off. CubeSmart annual revenue for 2017 was $0.559B, a 9.59% increase from 2016. Rent a Storage Unit at our local 6501 S Interstate 35 E storage facility in Corinth, TX. Joshua Schutzer - Director, Financial Analysis. CubeSmart annual revenue for 2018 was $0.598B, a 6.98% increase from 2017. FINANCIAL BRIEF:: For the nine months ended 30 September 2020,CubeSmart revenues increased 5% to $500.4M.Net incomedecreased 3% to $123.3M. 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. Have they improved their facilities/services? Performance rebounded across our portfolio, as strong demand trends drove record-high same-store occupancies … 1-877-279-7585. CubeSmart. CubeSmart is a self-administered and self-managed real estate investment trust. Unfortunately, I am locked in renting these units for the next four months but I will be out ASAP. 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. 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. 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. Drive Up Access. 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. 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. 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 … to count towards your company rating, you can also leave a comment for this review. https://www.cubesmart.com/texas-self-storage/corinth-self-storage/3576.html By: CubeSmart via GlobeNewswire News Releases. Either I or Owner (CubeSmart) may terminate this Agreement at any time. Skip To Main Content. 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. 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. No. They increase the rent 25% every 3-6 months. That followed an 8 percent rise in September. CubeSmart owns or manages 1,156 self-storage properties across the United States. 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