MALVERN, Pa., Jan. 20, 2021 (GLOBE NEWSWIRE) -- CubeSmart (NYSE: CUBE), a self-administered and self-managed real estate investment trust focused on self-storage properties, announced today the tax allocations of its 2020 distributions for CubeSmart Common Shares of Beneficial Interest.
The 2020 distributions paid with respect to CubeSmart common stock (CUSIP #229663-109 and traded under ticker symbol CUBE) are as follows:
| Record Date | Payable Date | Total Distribution per Share | Ordinary Dividend (Box 1a) | Total Capital Gain (Box 2a) | Unrecaptured Section 1250 Gain(1) (Box 2b) | Nondividend Distribution (Box 3) | Section 199A Dividend(2) (Box 5) | ||||||||||||
| 1/2/2020 | 1/15/2020 | $ | 0.33 | $ | 0.244773 | $ | 0.007057 | $ | 0.001958 | $ | 0.078170 | $ | 0.244773 | ||||||
| 4/1/2020 | 4/15/2020 | $ | 0.33 | $ | 0.244773 | $ | 0.007057 | $ | 0.001958 | $ | 0.078170 | $ | 0.244773 | ||||||
| 7/1/2020 | 7/15/2020 | $ | 0.33 | $ | 0.244773 | $ | 0.007057 | $ | 0.001958 | $ | 0.078170 | $ | 0.244773 | ||||||
| 10/1/2020 | 10/15/2020 | $ | 0.33 | $ | 0.244773 | $ | 0.007057 | $ | 0.001958 | $ | 0.078170 | $ | 0.244773 | ||||||
| $ | 1.32 | $ | 0.979092 | $ | 0.028228 | $ | 0.007832 | $ | 0.312680 | $ | 0.979092 | ||||||||
(1) Amounts in Box 2b are included in Box 2a.
(2) Amounts in Box 5 are included in Box 1a.
The fourth quarter 2020 distribution made to holders of record of common shares as of January 4, 2021 is considered a 2021 distribution for federal income tax purposes.
About the Company
CubeSmart is a self-administered and self-managed real estate investment trust. CubeSmart owns or manages 1,238 self-storage properties across the United States. According to the 2020 Self Storage Almanac, CubeSmart is one of the top three owners and operators of self-storage properties in the U.S.
The Company’s mission is to simplify the organizational and logistical challenges created by the many life events and business needs of its customers – through innovative solutions, unparalleled service, and genuine care. The Company's self-storage properties are designed to offer affordable, easily accessible, and, in most locations, climate-controlled storage space for residential and commercial customers.
For more information about business and personal storage or to learn more about the Company and find a nearby storage property, visit www.cubesmart.com or call CubeSmart toll free at 800-800-1717.
Company Contact:
Josh Schutzer
Senior Director, Finance
(610) 535-5700