CubeSmart

Country
United States
Sector
Real Estate
Industry
REIT - Industrial
Employees
3,104
Ticker
CUBE
Exchange
NEW YORK STOCK EXCHANGE, INC.
Description
CubeSmart is a real estate investment trust (REIT) that specializes in self-storage facilities. The primary function of CubeSmart is to own, operate, and develop storage solutions for individual consu...

CubeSmart's GHG Emissions Data Preview

In 2023, CubeSmart completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources) and Scope 2 (indirect emissions from purchased energy).

However, CubeSmart has not published a category-level breakdown of its Scope 3 emissions, limiting visibility into specific value chain sources.

Metric (tCO2e)2023202220212020 - 2017
Total Scope 1
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Total Scope 2
Unspecified Calculation Method
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Total Scope 3
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Total Scope 1 Revenue Intensity (tCO2e/$M)
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Verified Sources Behind CubeSmart’s Greenhouse Gas (GHG) Emissions Data

Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore CubeSmart’s data sources below and access millions more through our Disclosure Search.

a. CubeSmart's Sustainability Report 2023
a. CubeSmart's Sustainability Report 2023
b. CubeSmart's Sustainability Report 2021
b. CubeSmart's Sustainability Report 2021

Insights into CubeSmart's Operational Emissions

In 2023, the total operational greenhouse gas (GHG) emissions of CubeSmart amounted to 33,102 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2). a

Compared to 2022, the total operational greenhouse gas (GHG) emissions of CubeSmart increased by 0.69%, suggesting that the company faced challenges in reducing its emissions from its core operations. a

CubeSmart's Scope 1 Emissions Over Time

2019202020212022202302 k4 k6 k8 ktCO2e-21%+10%0%+14%
  • Total Scope 1
  • Year-over-Year Change

What are CubeSmart's Scope 1 emissions?

In 2023, the total Scope 1 emissions of CubeSmart were 7,326 metric tons of CO₂ equivalent (tCO₂e). a

Has CubeSmart reduced its Scope 1 emissions over time?

Since 2019, CubeSmart's Scope 1 emissions have remained relatively, stable, indicating that CubeSmart's emissions have plateaued with no significant change in its operational footprint. a

Compared to the previous year (2022), CubeSmart's Scope 1 emissions increased by 14.02%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations. a

What are CubeSmart's Scope 2 emissions?

In 2023, CubeSmart reported Scope 2 greenhouse gas (GHG) emissions of 25,776 tCO₂e without specifying the calculation method. a

Has CubeSmart reduced its Scope 2 emissions over time?

Since 2019, CubeSmart's Scope 2 greenhouse gas (GHG) emissions ( Unspecified Calculation Method) have remained relatively stable, indicating that CubeSmart 's emissions have plateaued with no significant change in its energy consumption footprint. a

Compared to the previous year (2022), CubeSmart's Scope 2 emissions (Unspecified Calculation Method) have remained relatively stable, indicating that CubeSmart 's emissions have plateaued with no significant change in its energy consumption footprint. a

What methodology does CubeSmart use for Scope 2 reporting?

In 2023, CubeSmart reported its Scope 2 emissions using an unspecified methodology. a

CubeSmart's Scope 2 Emissions Over Time

2019202020212022202307 k14 k21 k28 ktCO2e
  • Total Scope 2 (Unspecified Calculation Method)

Insights into CubeSmart’s GHG Emissions Intensity Compared to Industry Peers

In 2023, CubeSmart reported Scope 1 greenhouse gas (GHG) emissions of 7,326 tCO₂e and total revenues of USD 1,050 millions. This translates into an emissions intensity of 6.97 tCO₂e per millions USD. a

CubeSmart's Scope 1 Emissions Intensity Compared to Peers

2502,00050,0001,000,000Scope 1 Emissions (tCO2e)1002001,0005,00020,000Revenues (Millions of USD)LPrologisYear: 2024Scope 1: 4,835 tCO2eRevenue: $M 8,202Scope 1 Intensity: 0.59 tCO2e/$MWP CareyYear: 2024Scope 1: 4,800 tCO2eRevenue: $M 1,583Scope 1 Intensity: 3.03 tCO2e/$MSBA CommunicationsYear: 2023Scope 1: 10,200 tCO2eRevenue: $M 2,712Scope 1 Intensity: 3.76 tCO2e/$MNSAYear: 2023Scope 1: 4,403 tCO2eRevenue: $M 858Scope 1 Intensity: 5.13 tCO2e/$MEquity LifeStyle PropertiesYear: 2021Scope 1: 17,041 tCO2eRevenue: $M 1,255Scope 1 Intensity: 13.58 tCO2e/$MTerreno RealtyYear: 2022Scope 1: 5 tCO2eRevenue: $M 276Scope 1 Intensity: 0.02 tCO2e/$MEastgroup PropertiesYear: 2024Scope 1: 3 tCO2eRevenue: $M 638Scope 1 Intensity: 0.00 tCO2e/$MMid-America Apartment CommunitiesYear: 2023Scope 1: 6,070 tCO2eRevenue: $M 2,149Scope 1 Intensity: 2.83 tCO2e/$MHealthpeak PropertiesYear: 2024Scope 1: 71,829 tCO2eRevenue: $M 2,700Scope 1 Intensity: 26.60 tCO2e/$MCamden Property TrustYear: 2024Scope 1: 14,163 tCO2eRevenue: $M 1,544Scope 1 Intensity: 9.17 tCO2e/$MExtra Space StorageYear: 2024Scope 1: 37,171 tCO2eRevenue: $M 3,257Scope 1 Intensity: 11.41 tCO2e/$MLLLineageYear: 2024Scope 1: 292,065 tCO2eRevenue: $M 5,340Scope 1 Intensity: 54.69 tCO2e/$MKimco RealtyYear: 2024Scope 1: 4,165 tCO2eRevenue: $M 2,037Scope 1 Intensity: 2.04 tCO2e/$MLXP Industrial TrustYear: 2024Scope 1: 235 tCO2eRevenue: $M 358Scope 1 Intensity: 0.66 tCO2e/$MAmericold Realty TrustYear: 2024Scope 1: 94,310 tCO2eRevenue: $M 2,667Scope 1 Intensity: 35.37 tCO2e/$MEquity ResidentialYear: 2022Scope 1: 68,855 tCO2eRevenue: $M 2,735Scope 1 Intensity: 25.17 tCO2e/$MAvalonBay CommunitiesYear: 2024Scope 1: 21,335 tCO2eRevenue: $M 2,914Scope 1 Intensity: 7.32 tCO2e/$MEssex Property TrustYear: 2024Scope 1: 28,969 tCO2eRevenue: $M 1,774Scope 1 Intensity: 16.33 tCO2e/$MInvitation HomesYear: 2022Scope 1: 5,158 tCO2eRevenue: $M 2,238Scope 1 Intensity: 2.30 tCO2e/$MPublic StorageYear: 2024Scope 1: 32,399 tCO2eRevenue: $M 4,696Scope 1 Intensity: 6.90 tCO2e/$MRexford Industrial RealtyYear: 2024Scope 1: 21 tCO2eRevenue: $M 938Scope 1 Intensity: 0.02 tCO2e/$MUDRYear: 2023Scope 1: 16,379 tCO2eRevenue: $M 1,628Scope 1 Intensity: 10.06 tCO2e/$MAmerican Homes 4 RentYear: 2024Scope 1: 13,532 tCO2eRevenue: $M 1,729Scope 1 Intensity: 7.83 tCO2e/$MCubeSmartYear: 2023Scope 1: 7,326 tCO2eRevenue: $M 1,050Scope 1 Intensity: 6.97 tCO2e/$M

How does CubeSmart's GHG emissions intensity compare to its peers?

In 2023, CubeSmart reported a Scope 1 emissions intensity of 6.97 tCO₂e per millions USD. Compared to the peer group median of 6.9 , this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors. a

Where does CubeSmart rank on GHG emissions intensity within its industry?

In 2023, CubeSmart ranked 13 out of 23 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a

CubeSmart is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency. a

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