Welcome to our dedicated page for CubeSmart news (Ticker: CUBE), a resource for investors and traders seeking the latest updates and insights on CubeSmart stock.
CubeSmart issues updates as a self-administered and self-managed REIT that owns and manages self-storage properties across the United States. Its news centers on rental operations for residential and commercial customers, same-store revenue trends, physical occupancy, third-party management additions, and the size and composition of its owned and managed portfolio.
Recurring announcements also cover quarterly dividends and tax allocations for common shares, earnings release schedules and conference calls, share repurchases or ATM equity program activity, and property investment through acquisitions and joint ventures, including stores managed by CubeSmart for institutional partners.
CubeSmart (NYSE: CUBE) reported its Q3 2024 results with diluted EPS of $0.44, down from $0.45 in Q3 2023. The company's FFO per diluted share decreased 1.5% to $0.67. Same-store NOI decreased 3.1% year-over-year, with revenues declining 0.8% and operating expenses increasing 5.3%. Same-store occupancy averaged 90.8% during the quarter, ending at 90.2%. The company added 24 stores to its third-party management platform, reaching 893 stores total. CubeSmart is under contract to acquire two stores for $22.0 million and maintains its 2024 FFO guidance between $2.62 and $2.66 per share.
CubeSmart (NYSE: CUBE) has announced the schedule for its third quarter 2024 earnings release and conference call. The company will release its financial results for the three-month period ended September 30, 2024, after the market closes on Thursday, October 31, 2024. A conference call will follow on Friday, November 1, 2024, at 11:00 a.m. ET.
Investors can access a live webcast of the conference call from the investor relations page of CubeSmart's corporate website. For those joining by phone, the dial-in number is 1 (800) 715-9871 with conference ID 4783436. A replay of the webcast will be available on the company's website, and a telephonic replay can be accessed until November 15th, 2024, by dialing 1 (800) 770-2030 with conference ID 4783436#.
CubeSmart (NYSE: CUBE) reported its Q2 2024 results, with diluted EPS of $0.41 and FFO per share of $0.64. The company experienced a 0.3% growth in same-store revenue but a 1.2% decrease in same-store NOI due to a 4.2% increase in operating expenses. CubeSmart opened two development projects for $61.8 million and added 39 stores to its third-party management platform. The company maintained its 2024 guidance, projecting FFO per share between $2.61 and $2.67. Despite economic uncertainties, CubeSmart reported resilient customer demand and a stronger seasonal uplift in Q2.
CubeSmart (NYSE: CUBE), a leading self-storage real estate investment trust, has announced a quarterly dividend of $0.51 per common share for the period ending September 30, 2024. The dividend will be payable on October 15, 2024, to shareholders of record as of October 1, 2024.
CubeSmart is one of the top three owners and operators of self-storage properties in the U.S., managing 1,497 self-storage facilities nationwide. The company's mission focuses on simplifying organizational and logistical challenges for its customers through innovative solutions and exceptional service.
CubeSmart (NYSE: CUBE) has announced the release date for its financial results for Q2 2024. The company will publish its earnings after the market closes on August 1, 2024. Following this, a conference call to discuss the results will be held at 11:00 a.m. ET on August 2, 2024. Investors can access a live webcast of the call on CubeSmart's investor relations page on their official website. Additionally, a replay of the call will be available until August 16, 2024, through telephonic replay by dialing the provided number with the mentioned conference ID.
CubeSmart (NYSE: CUBE) announced that its Board of Trustees declared a quarterly dividend of $0.51 per common share for Q2 2024, payable on July 15, 2024, to shareholders of record by July 1, 2024.
CubeSmart is a leading real estate investment trust specializing in self-storage properties, managing 1,479 locations across the U.S.
According to the 2024 Self Storage Almanac, CubeSmart ranks among the top three self-storage operators in the country. The company aims to address organizational and logistical challenges with innovative, customer-focused solutions.
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