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 (CUBE), a leading self-storage real estate investment trust, provides investors and industry observers with timely updates through this centralized news hub. Track official press releases, financial disclosures, and strategic developments from the company managing over 600 storage facilities nationwide.
This resource delivers essential information about earnings reports, property acquisitions, and operational innovations, alongside updates on third-party management agreements and customer service initiatives. Users gain insights into CubeSmart’s market positioning within the competitive storage sector while monitoring its performance as a publicly traded REIT.
Discover updates on facility expansions, technology implementations, and industry partnerships that shape CubeSmart’s growth trajectory. The curated news collection serves as a strategic tool for assessing the company’s financial health and operational efficiency in evolving market conditions.
Bookmark this page for streamlined access to verified CUBE developments, ensuring informed analysis of one of the storage industry’s most actively managed REIT portfolios. Regular updates provide stakeholders with the data needed to track corporate milestones and sector trends.
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.
CubeSmart declared a quarterly dividend of $0.43 per share for the period ending September 30, 2022. The dividend is payable on October 17, 2022 to shareholders of record on October 3, 2022. As a leading self-storage real estate investment trust with 1,279 properties across the U.S., CubeSmart aims to assist customers with innovative solutions and unmatched service in storage needs.
CubeSmart (NYSE: CUBE) will announce its financial results for Q2 2022 on August 4, 2022, after market close. A conference call is scheduled for August 5, 2022, at 11:00 a.m. ET, accessible via their investor relations website. CubeSmart, a leading real estate investment trust, operates 1,287 self-storage properties in the U.S. and is recognized as one of the top three self-storage operators. The company's mission focuses on providing affordable and accessible storage solutions for both residential and commercial needs.
CubeSmart (NYSE: CUBE) has declared a quarterly dividend of $0.43 per common share for the period ending June 30, 2022. This is payable on July 15, 2022 to shareholders of record on July 1, 2022. As one of the top three self-storage property owners in the U.S., CubeSmart operates 1,277 properties. The company focuses on providing accessible, affordable, and climate-controlled storage solutions to meet the diverse needs of residential and commercial customers.
CubeSmart (CUBE) reported strong Q1 results for 2022, with earnings per share (EPS) at $0.17, down from $0.21 in Q1 2021. Funds from operations (FFO) per share rose to $0.58, reflecting a 23.4% increase year-over-year. Same-store net operating income (NOI) grew 21.4%, supported by a 15.6% revenue increase. The average same-store occupancy was 93.6%, ending the quarter at 94.1%. The company acquired one property for $32 million, anticipates further acquisitions, and declared a quarterly dividend of $0.43 per share.
CubeSmart (CUBE) is set to release its Q1 2022 financial results on April 28, 2022. The earnings conference call will occur on April 29, 2022, at 11:00 a.m. ET. Investors can access a live webcast through the company’s investor relations page. The company, a leading self-storage REIT, operates 1,269 properties across the U.S. and aims to address customers' organizational and logistical needs with affordable and accessible storage solutions.
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