CubeSmart Stock Price, News & Analysis

CubeSmart (NYSE: CUBE) reported strong operating results for Q4 and the full year 2022. CEO Christopher P. Marr emphasized the company's growth and efficiency, achieving a 12.1% increase in same-store net operating income (NOI) and a 9.5% rise in revenue. Q4 EPS attributed to common shareholders was $0.36, up from $0.21 YoY, while FFO per share increased 15.5% to $0.67. The company amended its credit facility, boosting the amount from $750 million to $850 million. A 14% increase in the quarterly dividend was also announced. Looking ahead, 2023 guidance includes an EPS range of $1.76 to $1.83 and FFO per share of $2.64 to $2.71.

CubeSmart (NYSE: CUBE) has declared a quarterly dividend of $0.49 per common share for the period ending March 31, 2023. This dividend is payable on April 17, 2023 to shareholders on record as of April 3, 2023.

As a leading real estate investment trust, CubeSmart owns and manages 1,281 self-storage properties across the U.S. It is recognized as one of the top three operators in the industry, providing innovative solutions and services to meet diverse storage needs.

CubeSmart (NYSE: CUBE) will release its financial results for the three-month period ending December 31, 2022, after market close on February 23, 2023. A conference call is scheduled for February 24, 2023, at 11:00 a.m. ET. The call will be accessible via live webcast on the company's investor relations page. Telephone participants can pre-register to receive a special dial-in number or join via designated numbers on the call date. CubeSmart operates 1,280 self-storage properties in the U.S. and ranks among the top three in the industry, focusing on affordable and accessible storage solutions.

CubeSmart (NYSE: CUBE) announced the tax allocations for its 2022 distributions for common stock, highlighting a total distribution of $1.72 per share. This includes ordinary dividends, capital gains, and unrecaptured Section 1250 gains. The distributions were paid quarterly throughout 2022, with the last payment dated January 18, 2022. Additionally, the fourth quarter distribution recorded on January 3, 2023, is considered a 2023 distribution for tax purposes. CubeSmart, a leading self-storage REIT, manages 1,275 properties in the U.S., committed to providing innovative storage solutions and exceptional customer service.

CubeSmart announced a quarterly dividend of $0.49 per share for the period ending December 31, 2022, payable on January 17, 2023. This marks a 14.0% increase in the annualized dividend rate to $1.96, up from $1.72 the previous year. The increase reflects the company's successful cash flow strategy and demonstrates its commitment to sharing growth with shareholders, marking the 13th consecutive annual increase. CubeSmart operates 1,272 self-storage properties across the U.S., ranking among the top three in the industry.

CubeSmart (NYSE: CUBE) reported solid Q3 2022 results, with earnings per share (EPS) of $0.50 and funds from operations (FFO) per share of $0.66, reflecting a year-over-year increase of 17.9%. Same-store net operating income (NOI) surged 15.4%, driven by a 12.2% rise in revenue. The company acquired a property for $20.7 million and successfully executed a significant sale of 14 properties for $235 million, generating $49.9 million in proceeds. Looking ahead, CubeSmart revised its EPS guidance upward to $1.26-$1.28 for 2022, signaling confidence in growth amid economic fluctuations.

CubeSmart (NYSE: CUBE) will release its financial results for Q3 2022 on October 27, 2022, after market close. A conference call is scheduled for October 28, 2022, at 11:00 a.m. ET. The call will be accessible via a live webcast on the company's investor relations page. CubeSmart, a self-administered real estate investment trust, operates 1,272 self-storage properties across the U.S., ranking among the top three in the industry according to the 2022 Self Storage Almanac. The call will be available for replay for 15 days following the event.

CubeSmart (NYSE: CUBE) reported strong second-quarter results for 2022, with earnings per share of $0.26 and adjusted funds from operations (FFO) per share at $0.62, a 24% increase year-over-year. The company achieved a 19% increase in same-store net operating income, driven by a 14% revenue growth. Occupancy rates averaged 95.1%, with a quarter-end rate of 95.3%. Additional highlights include a $23 million property acquisition and the completion of a $21.8 million development project. The company improved its financial outlook for the year, raising its EPS and FFO guidance ranges.