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

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

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.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

MALVERN, Pa., July 27, 2021 (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 $0.34 per common share for the period ending September 30, 2021. The dividend is payable on October 15, 2021 to common shareholders of record on October 1, 2021.

CubeSmart Declares Third Quarter 2021 Dividend

Empire State Realty Trust

ESRT vs. CUBE: Which Stock Is the Better Value Option?

ESRT vs. CUBE: Which Stock Should Value Investors Buy Now?

AGNC Investment

Iron Mountain

Life Storage

Annaly Capital

Public Storage

Ryman Hospitality Properties

As the economy regains its footing, it's a great time to buy certain REITs. Their diversity means there are some big winners waiting for you.

7 Top-Rated REITs to Buy Today

MALVERN, Pa., July 01, 2021 (GLOBE NEWSWIRE) -- CubeSmart (NYSE: CUBE) today announced that the Company will release financial results for the three-month period ended June 30, 2021 after the market close on Thursday, July 29, 2021. An accompanying conference call will be held at 11:00 a.m. ET on Friday, July 30, 2021.

CubeSmart Announces the Date of Its Second Quarter 2021 Earnings Release and Conference Call

Armada Hoffler Properties

AvalonBay Communities

Interactive Brokers

Mid-America Apartment Communities

Realty Income Corp

Prologis

Simon Property Group

STAG Industrial

STORE Capital

W. P. Carey

Many investors mistakenly think rental properties earn higher returns than REITs. Yet, extensive research studies show the opposite. REITs have historically outperformed by 3%-6% per year on average.

Why REITs Earn Higher Returns Than Rental Properties

MALVERN, Pa., May 12, 2021 (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 $0.34 per common share for the period ending June 30, 2021. The dividend is payable on July 15, 2021 to common shareholders of record on July 1, 2021.

CubeSmart Declares Second Quarter 2021 Dividend

CubeSmart (CUBE) CEO Christopher Marr on Q1 2021 Results - Earnings Call Transcript

CubeSmart (CUBE) delivered FFO and revenue surprises of 4.44% and 3.65%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?

CubeSmart (CUBE) Q1 FFO and Revenues Surpass Estimates

MALVERN, Pa., April 29, 2021 (GLOBE NEWSWIRE) -- CubeSmart (NYSE: CUBE) today announced its operating results for the three months ended March 31, 2021.

CubeSmart Reports First Quarter 2021 Results

Extra Space Storage

National Storage Affiliates Trust

Real estate investment trusts (REITs) are the kind of investment that the Reddit/WallStreetBets crowd would probably sneer at, but the reality is we are now in no-man's-land when it comes to the stock market.

Why This May Be the Best Growth and Income Idea for Investors Now

MALVERN, Pa., April 05, 2021 (GLOBE NEWSWIRE) -- CubeSmart (NYSE: CUBE) today announced that the Company will release financial results for the three-month period ended March 31, 2021 after the market close on Thursday, April 29, 2021. An accompanying conference call will be held at 11:00 a.m. ET on Friday, April 30, 2021.

CubeSmart Announces the Date of Its First Quarter 2021 Earnings Release and Conference Call

CyrusOne

Digital Realty Trust

Vanguard Real Estate ETF

Real estate investment trusts ('REITs') are popular with income seeking investors in the current low interest rate environment.

5 Exciting High Dividend REITs

The company struggled in FFO growth last year but 2021 guidance shows double-digit growth.

CubeSmart: If You're Looking For Oversized Returns, Look Elsewhere

American Campus Communities

Agree Realty

iShares Core U.S. Aggregate Bond ETF

American Homes 4 Rent

American Tower

Anworth Mortgage Asset

Apple Hospitality REIT

Alpine Global Premier Properties Fund

JPMorgan BetaBuilders MSCI US REIT ETF

Brookfield Property REIT

Boston Properties

Crown Castle International

Condor Hospitality Trust

Mack-Cali Realty

CareTrust REIT

Cousins Properties

Columbia Property Trust

Douglas Emmett

DISH Network

iPath Bloomberg Commodity Index Total Return ETN

iShares MSCI EAFE ETF

U.S. equity markets finished modestly lower on a choppy week as assurances from the Fed of a "lower-for-longer" policy regime didn't slow the continued march higher in long-term interest rates. Retreating from record closing highs last week, the S&P 500 declined by 1.2% this past week as large-cap technology stabilized while Small-Cap stocks dipped by more than 3%.

REITs Eye Uneven Recovery

Alexandria Real Estate Equities

Brandywine Realty

Brixmor Property Group

CBL & Associates Properties

Camden Property

CatchMark Timber Trust

CoreCivic

D.R. Horton

Dividends Raised, Rents Paid: REIT Earnings Recap

MALVERN, Pa., March 04, 2021 (GLOBE NEWSWIRE) -- CubeSmart (NYSE: CUBE), the third-largest owner and operator of self-storage properties in the United States, has been recognized as one of America's Best Employers of 2021 by Forbes magazine.

CubeSmart Recognized as One of America's Best Employers by Forbes

CubeSmart's (CUBE) CEO Chris Marr on Q4 2020 Results - Earnings Call Transcript

CubeSmart (CUBE) delivered FFO and revenue surprises of 11.90% and 0.33%, respectively, for the quarter ended December 2020. Do the numbers hold clues to what lies ahead for the stock?

CubeSmart (CUBE) Tops Q4 FFO and Revenue Estimates

MALVERN, Pa., Feb. 23, 2021 (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 $0.34 per common share for the period ending March 31, 2021. The dividend is payable on April 15, 2021 to common shareholders of record on April 1, 2021.

CubeSmart Declares First Quarter 2021 Dividend

CoStar Group

Equity Commonwealth

Howard Hughes

Kimco Realty

Healthpeak Properties

Rayonier

SL Green Realty

These are the REITs with the best value, fastest growth, and most momentum for March 2021.

Top REITs for March 2021

MALVERN, Pa., Jan. 28, 2021 (GLOBE NEWSWIRE) -- CubeSmart (NYSE: CUBE) today announced that the Company will release financial results for the three-month period ended December 31, 2020 after the market close on Thursday, February 25, 2021. An accompanying conference call will be held at 11:00 a.m. ET on Friday, February 26, 2021.

CubeSmart Announces the Date of Its Fourth Quarter 2020 Earnings Release and Conference Call

Global Self Storage

Self-Storage REITs stumbled into 2020 as perennial underperformers with challenged fundamentals amid oversupply headwinds and a strained outlook which appeared certain to deteriorate further amid the pandemic. Reversal of fortunes? Self-storage REITs were unexpected leaders in 2020, producing the second-best returns of any property sector. Four-of the six storage REITs boosted their dividends above pre-pandemic rates.

Storage REITs: Riding The Housing Boom

MALVERN, Pa., Jan. 20, 2021 (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 2020 distributions for CubeSmart Common Shares of Beneficial Interest.

CubeSmart Announces Tax Allocations of 2020 Distributions

CubeSmart is one of the three leading self-storage players, and should return to growth mode this year. It's ramping up its online platform, and has made operational investments for a better customer experience. Its 3rd-party platform continues to grow.

You'd Be Smart To Add 4.2%-Yielding CubeSmart

MALVERN, Pa., Dec. 08, 2020 (GLOBE NEWSWIRE) -- CubeSmart (NYSE: CUBE) announced today that its Board of Trustees declared a quarterly dividend of $0.34 per common share for the period ending December 31, 2020. The dividend is payable on January 15, 2021 to common shareholders of record on January 4, 2021. The quarterly distribution represents an annualized dividend rate of $1.36 per share, an increase of $0.04 per share from the previous annual rate of $1.32 per share.

CubeSmart Announces 3.0% Increase in Quarterly Common Dividend

News for CubeSmart Stock (CUBE)