CubeSmart

CubeSmart operates as a self-managed and self-administered real estate investment trust with its operations conducted solely through CubeSmart LP and its subsidiaries. It owns, operates, develops, manages, and acquires self-storage properties. The company was founded in July 2004 and is headquartered in Malvern, PA.

Earnings data Q1 2021

Earnings data Q2 2021

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Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

CubeSmart reports robust Q4 performance and eyes growth in 2023

CubeSmart's Q4 2022 performance showcased strong revenue and NOI growth, underpinned by a focus on high-quality assets and operational efficiency. The company remains cautiously optimistic about growth opportunities in 2023, despite market challenges.

CubeSmart reports strong Q1 performance amidst market variations

CubeSmart's Q1 performance was solid, with a focus on expense control and operational efficiency.
The company's healthy balance sheet and customer stickiness are key strengths.
Challenges include revenue growth deceleration and market-specific occupancy issues.
Opportunities lie in industry consolidation, slowing new supply deliveries, and potential share repurchases.

CubeSmart posts strong Q2 results, eyes strategic growth opportunities

CubeSmart's Q2 performance reflects growth in key markets and financial metrics, supported by a focus on customer service and operational efficiency. While challenges exist in acquisition evaluations and market competition, the company remains optimistic about future opportunities for strategic growth and shareholder value creation.

CubeSmart reports Q3 challenges and strengths, eyes tech-driven growth

CubeSmart's Q3 performance reflected challenges in top-line growth but highlighted strengths in urban markets and strategic investments.
The company faces challenges in maintaining cost efficiency amidst rising expenses and market pressures, while opportunities exist in technology-driven service enhancements.
Navigating a competitive pricing environment and addressing customer behavior trends will be key for CubeSmart's growth strategy moving forward.

CubeSmart reports stable Q4 performance, eyes acquisitions amid challenges

CubeSmart's Q4 2023 showed stability and growth, but challenges lie ahead with rising expenses. The company is eyeing acquisitions and share repurchases as opportunities. Strong demand in New York and robust customer credit metrics are positives.

CubeSmart reports stable Q1 performance with growth opportunities ahead

CubeSmart's Q1 performance showed stability in revenues and strategic expansion through acquisitions and third-party management.
Efficiency improvements in marketing and strong third-party management performance are notable strengths.
Challenges include supply impacts, property insurance increases, and delays in development projects.
Opportunities lie in leveraging the balance sheet for growth, potential market opportunities, and sequential revenue growth.

CubeSmart reports mixed Q2 performance, eyes urban market opportunities

CubeSmart's Q2 2024 performance showed growth in rentals and occupancy but faced challenges in certain markets and move-in rates.
The company's strengths lie in external growth initiatives, stable customer behavior post-rent increases, and improved expense guidance.
Challenges include market volatility affecting rate parity and performance variations across regions.
Opportunities exist in capitalizing on strong urban market performance, optimizing marketing spend, and diversifying income sources.

CubeSmart (CUBE) reports solid Q3 performance amidst market variations

CubeSmart's Q3 performance showcased resilience amidst market variations, with a focus on optimizing store performance and addressing challenges in specific markets. The company's strategic marketing efforts and growth momentum position it well for future opportunities and expansion.

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Extra Space Storage

Iron Mountain

Life Storage

National Storage Affiliates Trust

Public Storage

Global Self Storage

Vanguard Real Estate ETF

Self Storage REITs have been unexpected leaders throughout the pandemic. Riding the tailwinds of the single-family housing boom, storage REITs are one of four property sectors in positive territory this year. Storage REITs stumbled into 2020 with challenged fundamentals and a strained outlook after years of relentless supply growth, which led to intense competition between operators and downward pressure on rents.

Storage REITs: Housing Boom Brightens Outlook

CubeSmart has a resilient business model and has weathered the current recession relatively well. I'm encouraged by the continued growth of the 3rd-party management platform and the strong balance sheet.

CubeSmart: A Good Portfolio Addition At The Right Price

MALVERN, Pa., Oct. 07, 2020 (GLOBE NEWSWIRE) -- CubeSmart (NYSE: CUBE) today announced that the Company will release financial results for the three-month period ended September 30, 2020 after the market close on Thursday, November 5, 2020. An accompanying conference call will be held at 11:00 a.m. ET on Friday, November 6, 2020.

CubeSmart Announces the Date of Its Third Quarter 2020 Earnings Release and Conference Call

MALVERN, Pa., Sept. 29, 2020 (GLOBE NEWSWIRE) -- CubeSmart (NYSE: CUBE) today announced that its operating partnership, CubeSmart, L.P. (the “Operating Partnership”), priced an offering of $450.0 million aggregate principal amount of 2.000% senior unsecured notes due 2031 (the “Notes”) in an underwritten public offering. The Notes were priced at 99.074% of the principal amount with a yield to maturity of 2.100%. The Notes will be fully and unconditionally guaranteed by CubeSmart. The offering is expected to close on October 6, 2020, subject to the satisfaction of customary closing conditions.

CubeSmart Announces Pricing of 2.000% Senior Unsecured Notes Due 2031

The CubeSmart Mobile App enables customers to manage their self storage experience from wherever they are The CubeSmart Mobile App enables customers to manage their self storage experience from wherever they are

CubeSmart Launches Mobile App

CubeSmart (CUBE) CEO Christopher Marr on Q2 2020 Results - Earnings Call Transcript

MALVERN, Pa., July  29, 2020  (GLOBE NEWSWIRE) -- CubeSmart (NYSE: CUBE) a self-administered and self-managed real estate investment trust focused on self-storage properties, announced today that its Board of Trustees declared a quarterly dividend of $0.33 per common share for the period ending September 30, 2020. The dividend is payable on October 15, 2020 to common shareholders of record on October 1, 2020.

CubeSmart Declares Third Quarter 2020 Dividend

Pay For Storage Space Selling Puts Against CubeSmart

CubeSmart: COVID-19 Induced Buying Opportunity

Paramount Group

PGRE vs. CUBE: Which Stock Is the Better Value Option?

PGRE or CUBE: Which Is the Better Value Stock Right Now?

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The self-storage business has proved to be pretty resilient to the impact of COVID-19, but not completely immune.

Why CubeSmart Stock Jumped Nearly 13% in May

MALVERN, Pa., May  12, 2020  (GLOBE NEWSWIRE) -- CubeSmart (NYSE: CUBE) a self-administered and self-managed real estate investment trust focused on self-storage properties, announced today that its Board of Trustees declared a quarterly dividend of $0.33 per common share for the period ending June 30, 2020. The dividend is payable on July 15, 2020 to common shareholders of record on July 1, 2020.

CubeSmart Declares Second Quarter 2020 Dividend

CubeSmart (CUBE) CEO Christopher Marr on Q1 2020 Results - Earnings Call Transcript

SmartRental™ enables customers to complete the entire rental experience – from reservation to move-in – online and contact-free SmartRental™ enables customers to complete the entire rental experience – from reservation to move-in – online and contact-free

CubeSmart Launches Fully Online Rental Capability

When losing 11.5% is considered a strong showing, you know something big is going on. Here's how CubeSmart managed the feat.

Why CubeSmart Stock Only Fell 11.5% in March

Serving essential needs while promoting social distancing, customers at all CubeSmart locations can now bypass the counter when renting storage units Serving essential needs while promoting social distancing, customers at all CubeSmart locations can now bypass the counter when renting storage units

CUBESMART LAUNCHES CONTACTLESS STORAGE RENTAL PROCESS NATIONWIDE

Serving essential needs while promoting social distancing, CubeSmart customers can now rent storage units without direct contact with others

CubeSmart Introduces Contactless Storage Rentals

General Mills

A REIT and a familiar consumer-goods name offer relative calm in the current market whirlwind.

2 Safe Dividend Stocks to Weather the Coronavirus Outbreak

CubeSmart: Ready, Steady, Go

CubeSmart (CUBE) CEO Christopher Marr on Q4 2019 Results - Earnings Call Transcript

CubeSmart (CUBE) delivered FFO and revenue surprises of 0.00% and -0.77%, respectively, for the quarter ended December 2019. Do the numbers hold clues to what lies ahead for the stock?

CubeSmart (CUBE) Matches Q4 FFO Estimates

MALVERN, Pa., Feb.  19, 2020  (GLOBE NEWSWIRE) -- CubeSmart (NYSE: CUBE) a self-administered and self-managed real estate investment trust focused on self-storage properties, announced today that its Board of Trustees declared a quarterly dividend of $0.33 per common share for the period ending March 31, 2020. The dividend is payable on April 15, 2020 to common shareholders of record on April 1, 2020.

CubeSmart Declares First Quarter 2020 Dividend

MALVERN, Pa., Jan.  22, 2020  (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 2019 distributions for CubeSmart Common Shares of Beneficial Interest.

CubeSmart Announces Tax Allocations of 2019 Distributions

CubeSmart (NYSE: CUBE) is facing elevated supply pressures and risk of negative SS NOI (same-store net operating income), according to BofA Securities.

News for CubeSmart Stock (CUBE)