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

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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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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.

Bank Of America Downgrades CubeSmart On Intensifying Supply Pressures

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MALVERN, Pa., Dec.  12, 2019  (GLOBE NEWSWIRE) -- CubeSmart (NYSE: CUBE) announced today that its Board of Trustees declared a quarterly dividend of $0.33 per common share for the period ending December 31, 2019.  The dividend is payable on January 15, 2020 to common shareholders of record on January 2, 2020.  The quarterly distribution represents an annualized dividend rate of $1.32 per share, an increase of $0.04 per share from the previous annual rate of $1.28 per share. 

CubeSmart Announces 3.1% Increase in Quarterly Common Dividend

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Shares of Cisco, Boeing, CubeSmart, McDonald's, and Johnson & Johnson could be worth a spot in a yield-oriented portfolio.

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REITs Retreat Ahead Of Wild Week Of Data, Earnings And Fed

CubeSmart (CUBE) CEO Christopher Marr on Q3 2019 Results - Earnings Call Transcript

MALVERN, Pa., Oct.  24, 2019  (GLOBE NEWSWIRE) -- CubeSmart (NYSE: CUBE) today announced its operating results for the three and nine months ended September 30, 2019.

CubeSmart Reports Third Quarter 2019 Results

MALVERN, Pa., Oct.  08, 2019  (GLOBE NEWSWIRE) -- CubeSmart (NYSE: CUBE) today announced that its operating partnership, CubeSmart, L.P. (the “Operating Partnership”), priced an offering of $350.0 million aggregate principal amount of 3.000% senior unsecured notes due 2030 (the “Notes”) in an underwritten public offering. The Notes were priced at 99.623% of the principal amount with a yield to maturity of 3.043%. The Notes will be fully and unconditionally guaranteed by CubeSmart. The offering is expected to close on October 11, 2019, subject to the satisfaction of customary closing conditions.

CubeSmart Announces Pricing of 3.000% Senior Unsecured Notes Due 2030

CEO of Cubesmart (30-Year Financial, Insider Trades) Christopher P Marr (insider trades) sold 80,589 shares of CUBE on 09/04/2019 at an average price of $36.15 a share.

Cubesmart (CUBE) CEO Christopher P Marr Sold $2.9 million of Shares

CFO of Cubesmart (30-Year Financial, Insider Trades) Timothy M Martin (insider trades) sold 32,028 shares of CUBE on 08/27/2019 at an average price of $35.75 a share.

Cubesmart (CUBE) CFO Timothy M Martin Sold $1.1 million of Shares

The storage unit rental dynamo heads into the second half of 2019 holding fast to its full-year financial projections.

CubeSmart Is Adapting to Higher Supply in the Self-Storage Market

CubeSmart (CUBE) CEO Christopher Marr on Q2 2019 Results - Earnings Call Transcript

CubeSmart (CUBE) delivered FFO and revenue surprises of 2.44% and -0.26%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?

CubeSmart (CUBE) Q2 FFO Beat Estimates

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The chart for the self-storage REIT is showing an ascending triangle formation, suggesting additional upside ahead.

CubeSmart Shares Are Poised for a Breakout

CubeSmart (CUBE) CEO Christopher Marr on Q1 2019 Results - Earnings Call Transcript

News for CubeSmart Stock (CUBE)