{ "docId": "019de515-3733-703a-856c-697333fdfec6", "docSlug": "bcccd0d9bfbe41c6d519f286d547ce5e", "documentTitle": "CubeSmart | Investor Presentation Deck | 28 slides", "authorId": "cubesmart", "authorName": "CubeSmart", "documentKindSlug": "pitchdeck", "documentKindLabel": "Pitch deck", "sourceTypeSlug": "investor_relations", "sourceTypeLabel": "Investor relations", "presentationDate": "2023-03-01 00:00:00", "orientation": "landscape", "aspectRatio": 1.7777778, "pageNumber": 21, "pageCount": 28, "prevPage": 20, "nextPage": 22, "slideType": "other", "function": "establish_context", "density": "overcrowded", "nDataPoints": 30, "notes": null, "elementsJson": null, "metadataConfidence": 1, "imagePath": null, "slideHref": "/slides/019de515-3733-703a-856c-697333fdfec6/21", "deckHref": "/decks/019de515-3733-703a-856c-697333fdfec6", "deckJsonHref": "/decks/019de515-3733-703a-856c-697333fdfec6.json", "deckAnchorHref": "/decks/019de515-3733-703a-856c-697333fdfec6#slide-21", "components": [ { "bbox": { "h": 0.29, "w": 0.42, "x": 0.518, "y": 0.238 }, "kind": "chart", "text": "Debt to Gross Assets¹: 39.6%", "attrs": { "title": "Debt to Gross Assets¹: 39.6%", "series": [ { "data": [ 38, 38, 39, 40, 40, 39.6 ], "name": "Unsecured Debt" }, { "data": [ 0, 0, 0, 0, 0, 0 ], "name": "Secured Debt" } ], "x_axis_labels": [ "2017", "2018", "2019", "2020", "2021", "2022" ], "y_axis_labels": [ "0.0%", "20.0%", "40.0%", "60.0%", "80.0%", "100.0%" ] }, "subkind": "bar-stacked", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "ed9c3303-83e2-47f2-9ebd-208300bb1a2a", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.29, "w": 0.42, "x": 0.053, "y": 0.578 }, "kind": "chart", "text": "Net Debt to EBITDA¹: 4.3x", "attrs": { "title": "Net Debt to EBITDA¹: 4.3x", "series": [ { "data": [ 4.5, 4.6, 4.7, 5.2, 5.3, 4.3 ], "name": "Net Debt to EBITDA" } ], "x_axis_labels": [ "2017", "2018", "2019", "2020", "2021", "2022" ], "y_axis_labels": [ "1.0x", "2.0x", "3.0x", "4.0x", "5.0x", "6.0x", "7.0x" ] }, "subkind": "bar-vertical", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "3ffd679c-3b5e-4f5c-85bb-bc639c24bd20", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.29, "w": 0.42, "x": 0.518, "y": 0.578 }, "kind": "chart", "text": "EBITDA Coverage¹²: 7.1x", "attrs": { "title": "EBITDA Coverage¹²: 7.1x", "series": [ { "data": [ 5.8, 5.7, 5.6, 6.2, 6.5, 7.1 ], "name": "EBITDA Coverage" } ], "x_axis_labels": [ "2017", "2018", "2019", "2020", "2021", "2022" ], "y_axis_labels": [ "0.0x", "2.0x", "4.0x", "6.0x", "8.0x" ] }, "subkind": "bar-vertical", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "ed581881-e75b-403a-964a-cce57f3b5d17", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.02, "w": 0.09, "x": 0.106, "y": 0.44 }, "kind": "image", "text": "MOODY'S", "attrs": {}, "subkind": "logo", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "1bbe2453-8e50-474d-b360-bc5b892d6b99", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.036, "w": 0.05, "x": 0.355, "y": 0.436 }, "kind": "paragraph", "text": "BBB (Stable)", "attrs": {}, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "dc5f6769-b2df-4649-9572-12c89a7f0371", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.036, "w": 0.06, "x": 0.206, "y": 0.436 }, "kind": "paragraph", "text": "Baa2 (Stable)", "attrs": {}, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "e3b0136f-af4e-4ffd-bd9d-c9b030c6bc0e", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.036, "w": 0.07, "x": 0.275, "y": 0.436 }, "kind": "paragraph", "text": "STANDARD & POOR'S", "attrs": {}, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "eda94a46-6b44-4bff-ad45-99250602d6c3", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.06, "w": 0.397, "x": 0.085, "y": 0.292 }, "kind": "paragraph", "text": "Continue to operate with credit metrics at the conservative end of our investment grade rating, ensuring access to a variety of attractively-priced capital", "attrs": {}, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "ffa683b5-c6c9-446a-a5e8-116c7638d37e", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.025, "w": 0.35, "x": 0.053, "y": 0.955 }, "kind": "source-note", "text": "1. Source: Company Filings, as of December 31 of each stated year.\n2. 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