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.
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CubeSmart (NYSE: CUBE) announced the release of its financial results for the three-month period ending March 31, 2023, set for April 27, 2023, after market close. A conference call will follow on April 28, 2023, at 11:00 a.m. ET. Shareholders can access a live webcast via the Company's investor relations webpage. The call will be available for 15 days post-event, with a telephonic replay option until May 12, 2023. CubeSmart is recognized as one of the top three self-storage owners and operators in the U.S., managing 1,294 properties nationwide. The Company aims to address storage needs through innovative solutions and exceptional customer service.
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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.