• CubeSmart average debt/equity ratio for 2023 was 1.05, a 1.87% decline from 2022.
• CubeSmart average debt/equity ratio for 2022 was 1.07, a 7.76% decline from 2021.
• CubeSmart average debt/equity ratio for 2021 was 1.16, a 0.87% decline from 2020.

Debt/equity ratio can be defined as a measure of a company's financial leverage calculated by dividing its long-term debt by stockholders' equity.