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CubeSmart Executive Compensation (FY25)

CUBE · Malvern, PA · Executive and director compensation, fiscal 2022 to 2025
Data as of September 7, 2026Latest filing (8-K): May 19, 2026
220 figures on this page: 209 cited to the filing that reported them, 11 calculated from figures it prints. See the citations
Christopher Marr, President and Chief Executive Officer, received $9,177,452 in total compensation for fiscal 2025, and Marr's total was 14.7% higher than the $8,001,409 reported for fiscal 2024. The disclosed chief executive pay ratio for fiscal 2025 is 244:1, against median employee compensation of $37,684. For fiscal 2025, shareholders backed the say-on-pay proposal with 88.4% of votes cast for or against in favor at the meeting held May 19, 2026. Companies named in the disclosed peer group include American Homes 4 Rent, Americold Realty Trust, Apartment Income REIT, Brixmor Property Group and Camden Property Trust, among others.
Chief executive, fiscal 2025
◇
Christopher Marr
Latest say-on-pay support
=
May 19, 2026
Chief executive pay ratio
◇
To the median employee
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Christopher Marr: $8,001,409 → $9,177,452 (14.7% higher)
CEO pay ratio: 217:1 → 244:1 (12.4% higher)

Frequently asked questions

Answers drawn from the data on this page.
Who is CubeSmart's chief executive and what were they paid?
Christopher Marr, President and Chief Executive Officer, received $9,177,452 in total compensation for fiscal 2025. Marr's total was 14.7% higher than the $8,001,409 reported for fiscal 2024.
What was CubeSmart's say-on-pay result?
For fiscal 2025, shareholders backed the say-on-pay proposal with 88.4% of votes cast for or against in favor at the meeting held May 19, 2026.
Which companies are in CubeSmart's peer group?
Companies named in the disclosed peer group include American Homes 4 Rent, Americold Realty Trust, Apartment Income REIT, Brixmor Property Group and Camden Property Trust, among others.
What is CubeSmart's chief executive pay ratio?
The disclosed chief executive pay ratio for fiscal 2025 is 244:1, against median employee compensation of $37,684.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Christopher Marr
President and Chief Executive Officer
◇—◇◇◇—◇◇
Timothy Martin
Chief Financial Officer and Treasurer
◇—◇◇◇—◇◇
Joel Keaton
Senior Vice President of Operations
◇—◇◇◇—◇◇
Jeffrey Foster
Chief Legal Officer and Corporate Secretary
◇—◇◇◇—◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Christopher Marr
President and Chief Executive Officer
◇—◇◇◇—◇◇
Timothy Martin
Chief Financial Officer and Treasurer
◇—◇◇◇—◇◇
Joel Keaton
Senior Vice President of Operations
◇—◇◇◇—◇◇
Jeffrey Foster
Chief Legal Officer and Corporate Secretary
◇—◇◇◇—◇◇
Jennifer Schulte
Chief Human Resources Officer
◇—◇◇◇—◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Christopher Marr
President and Chief Executive Officer
◇—◇◇◇—◇◇
Timothy Martin
Chief Financial Officer and Treasurer
◇—◇◇◇—◇◇
Joel Keaton
Senior Vice President of Operations
◇—◇◇◇—◇◇
Jeffrey Foster
Chief Legal Officer and Corporate Secretary
◇—◇◇◇—◇◇
Jennifer Schulte
Chief Human Resources Officer
◇—◇◇◇—◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Christopher Marr
President and Chief Executive Officer
◇—◇◇◇—◇◇
Timothy Martin
Chief Financial Officer and Treasurer
◇—◇◇◇—◇◇
Jeffrey Foster
Chief Legal Officer and Secretary
◇—◇◇◇—◇◇
Jennifer Schulte
Chief Human Resources Officer
◇—◇◇◇—◇◇
Joel Keaton
Former Chief Operating Officer
Departed during or after this year
◇—————◇◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Christopher MarrRSA——————◇
Christopher MarrOPTION——————◇
Jeffrey FosterRSA——————◇
Jeffrey FosterOPTION——————◇
Jennifer SchulteRSA——————◇
Jennifer SchulteOPTION——————◇
Timothy MartinRSA——————◇
Timothy MartinOPTION——————◇
Fiscal 2022, 2023 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Jeffrey FosterPSU◇◇——
RSU◇◇——
Christopher MarrPSU◇◇——
RSU◇◇——
Timothy MartinRSU◇◇——
PSU◇◇——
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Deborah R. Salzberg
Board chair
◇◇———◇◇
John F. Remondi
◇◇———◇◇
Dorothy Dowling
◇◇———◇◇
Piero Bussani
◇◇———◇◇
Jeffrey F. Rogatz
◇◇———◇◇
Jair K. Lynch
◇◇———◇◇
John W. Fain
◇◇———◇◇
Jit Kee Chin
◇◇———◇◇
Jennie Weber, Martin P. Connor and Christopher P. Marr served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.
Board cash retainer◇
Board equity retainer◇
Total board retainer◇
Board chair premium◇
Audit committee chair◇
Audit committee member◇
Compensation committee chair◇
Compensation committee member◇
Nominating and governance chair◇
Nominating and governance member◇
Equity is delivered as Restricted Shares.
Stock ownership guideline: 5x annual base cash retainer

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • American Homes 4 Rent AMH
  • Americold Realty Trust COLD
  • Apartment Income REIT AIRC
  • Brixmor Property Group BRX
  • Camden Property Trust CPT
  • Choice Hotels International CHH
  • COPT Defense Properties CDP
  • Equity LifeStyle Properties ELS
  • Extra Space Storage Inc. EXR
  • Federal Realty Investment Trust FRT
  • Highwoods Properties HIW
  • Mid-America Apartment Communities MAA
  • National Storage Affiliates NSA
  • Public Storage PSA
  • Sun Communities SUI
  • Tanger Inc. SKT
  • UDR UDR

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025May 19, 2026=◇◇◇
2024May 20, 2025=◇◇◇
2023May 21, 2024=◇◇◇
2022May 16, 2023=◇◇◇
2021May 17, 2022=◇◇◇
2020May 11, 2021=◇◇◇
2019May 12, 2020=◇◇◇
2018May 14, 2019=◇◇◇
2017May 30, 2018=◇◇◇
2016May 31, 2017=◇◇◇
2015June 1, 2016=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇
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What this page does not include

Everything above is a fact CubeSmart disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where CubeSmart sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $1,500
Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500
Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $1,200
Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion Intelligence
Adviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
220 figures on this page: 209 cited to the filing that reported them, 11 calculated from figures it prints.
209 cited to the filing
11 calculated from the filing

Documents cited

  1. 0001298675-26-000028
    Item 5.07 Submission of Matters to a Vote of Security Holders
  2. 0001104659-26-039457
    CEO Pay Ratio · Summary Compensation Table · TRUSTEE COMPENSATION
  3. 0001298675-25-000025
    Item 5.07 Submission of Matters to a Vote of Security Holders
  4. 0001104659-25-032007
    NAMED EXECUTIVE OFFICER COMPENSATION · Summary Compensation Table
  5. 0001298675-24-000029
    Item 5.07 Submission of Matters to a Vote of Security Holders
  6. 0001104659-24-043951
    NAMED EXECUTIVE OFFICER COMPENSATION · Summary Compensation Table
  7. 0001298675-23-000027
    Item 5.07 Submission of Matters to a Vote of Security Holders
  8. 0001104659-23-039665
    NAMED EXECUTIVE OFFICER COMPENSATION · Summary Compensation Table
  9. 0001298675-22-000028
    Item 5.07 Submission of Matters to a Vote of Security Holders
  10. 0001298675-21-000019
    Item 5.07 Submission of Matters to a Vote of Security Holders
  11. 0001298675-20-000017
    Item 5.07 Submission of Matters to a Vote of Security Holders
  12. 0001298675-19-000019
    Item 5.07 Submission of Matters to a Vote of Security Holders
  13. 0001298675-18-000018
    Item 5.07 Submission of Matters to a Vote of Security Holders
  14. 0001104659-17-037273
    Item 5.07 Submission of Matters to a Vote of Security Holders
  15. 0001104659-16-125137
    Item 5.07 Submission of Matters to a Vote of Security Holders
Cite this data
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Velarion, “CubeSmart executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/CUBE (accessed 2026).
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Real Estate rankings

Chief executive pay — Real EstateCEO pay ratio — Real EstateSay-on-pay support — Real Estate

Peers CubeSmart discloses

The companies named in CUBE's own disclosed peer group.

American Homes 4 RentAmericold Realty TrustBrixmor Property GroupCamden Property TrustChoice Hotels InternationalCOPT Defense PropertiesEquity LifeStyle PropertiesExtra Space Storage Inc.Federal Realty Investment TrustHighwoods PropertiesMid-America Apartment CommunitiesNational Storage AffiliatesPublic StorageSun CommunitiesTanger Inc.UDR

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies
Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
For informational purposes only. Not investment, legal, or compensation advice.  The Pay Desk · Methodology · Terms · Privacy