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

Arbor Realty Trust

AFC Gamma

AGNC Investment

AGNC Investment Corp - FXDFR PRF PERPETUAL USD 25 - Ser D 1/1000th int

AGNC Investment Corp. Deposit Shs Repr 1/1000th Cum Conv Red Pfd Registered Shs Series C

Great Ajax

Great Ajax Corp. 7.25 % Convertible Notes 2017-30.04.24 Global

American Homes 4 Rent

American Tower

Alexandria Real Estate Equities

AvalonBay Communities

Alpine Global Premier Properties Fund

Cambria Global Real Estate ETF

Broadmark Realty Capital Inc.

Blackstone Mortgage Trust

Crown Castle International

Cherry Hill Mortgage

iPath Bloomberg Commodity Index Total Return ETN

Digital Realty Trust

Ellington Residential Mortgage REIT

Ellington Financial

U.S. equity markets finished lower for a second-straight week as data showing an encouraging cooldown of inflationary pressures was offset by ongoing regional bank instability and an unresolved debt ceiling standoff. Declining for a second week after ending April at its highest levels of the year, the S&P 500 slipped 0.3% on the week, but the tech-heavy Nasdaq 100 gained nearly 1%.

Inflation Cools, But Nobody Believes It

CubeSmart is the 3rd biggest self storage company in the US. It has delivered good results in the last quarter but is overvalued in terms of the implied cap rate and P/FFO.

CubeSmart: Performing Well But Too Expensive

Modiv

Investors interested in REIT and Equity Trust - Other stocks are likely familiar with Modiv Inc. (MDV) and CubeSmart (CUBE). But which of these two stocks offers value investors a better bang for their buck right now?

MDV or CUBE: Which Is the Better Value Stock Right Now?

W. P. Carey

Both of these REITs provide stable dividends that continue to grow.

2 Cheap REITs With Big Upside

CubeSmart's first quarter results demonstrate its resilience amidst economic adversity. It has a strong, sticky customer base and a strong balance sheet.

CubeSmart: A Sleep Well At Night Self-Storage Buy

CubeSmart (NYSE:CUBE ) Q1 2023 Earnings Conference Call April 28, 2023 11:00 AM ET Company Participants Josh Schutzer - Vice President, Finance Chris Marr - President and CEO Tim Martin - Chief Financial Officer Conference Call Participants Michael Goldsmith - UBS Samir Khanal - Evercore Smedes Rose - Citi Juan Sanabria - BMO Capital Markets Ki Bin Kim - Truist Spenser Allaway - Green Street Todd Thomas - KeyBanc Jonathan Hughes - Raymond James Jeff Spector - Bank of America Nick Joseph - Citi Operator Hello, everyone. And welcome to the CubeSmart First Quarter 2023 Earnings Call.

CubeSmart (CUBE) Q1 2023 Earnings Call Transcript

The headline numbers for CubeSmart (CUBE) give insight into how the company performed in the quarter ended March 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Compared to Estimates, CubeSmart (CUBE) Q1 Earnings: A Look at Key Metrics

CubeSmart (CUBE) came out with quarterly funds from operations (FFO) of $0.65 per share, in line with the Zacks Consensus Estimate. This compares to FFO of $0.58 per share a year ago.

CubeSmart (CUBE) Q1 FFO Match Estimates

MALVERN, Pa., April 27, 2023 (GLOBE NEWSWIRE) -- CubeSmart (NYSE: CUBE) today announced its operating results for the three months ended March 31, 2023.

CubeSmart Reports First Quarter 2023 Results

Bed Bath & Beyond

Blackstone Group

iShares CMBS ETF

Equity LifeStyle Properties

Equinix

Equity Residential

Essex Property Trust

Invesco S&P 500 Equal Weight Real Estate ETF

Extra Space Storage

REIT Earnings Preview: When The Tide Goes Out.

REIT Earnings Preview: When The Tide Goes Out

Fidelity MSCI Real Estate ETF

First Trust S&P REIT Index Fund

FlexShares Global Quality Real Estate Index Fund

Home Appreciation US REIT ETF

Xtrackers International Real Estate ETF

Hoya Capital Housing ETF

iShares Cohen & Steers REIT ETF

iShares International Developed Real Estate ETF

CBRE Global Real Estate Income Fund

iShares U.S. Home Construction ETF

iShares U.S. Real Estate ETF

Nuveen Real Estate Income Fund

Invesco KBW Premium Yield Equity REIT ETF

Life Storage

VanEck Mortgage REIT Income ETF

Direxion Daily Homebuilders & Supplies Bull 3X Shares

Neuberger Berman Real Estate Securities Income Fund Inc

National Storage Affiliates Trust

Nuveen Short-Term REIT ETF

InfraCap REIT Preferred ETF

Storage REITs are the best-performing property sector this year after lagging in late 2022, lifted by surprisingly solid earnings results and a thawing of the previously icy-cold housing market. Storage demand is driven largely by housing activity – specifically, home sales and rental market turnover - and the recent moderation in mortgage rates has eased concern of a deepening housing recession.

Storage Wars

MALVERN, Pa., April 13, 2023 (GLOBE NEWSWIRE) -- CubeSmart (NYSE: CUBE) today announced that the Company will release financial results for the three-month period ended March 31, 2023 after the market close on Thursday, April 27, 2023. An accompanying conference call will be held at 11:00 a.m. ET on Friday, April 28, 2023.

CubeSmart Announces the Date of Its First Quarter 2023 Earnings Release and Conference Call

AbbVie

Abbott Labs

Accenture Plc

Agree Realty

American Financial Group

American Financial Group Inc 6 1/4 % Debentures 2014-30.9.54 Subord

Air Lease

Alamo Group

Alerus Financial Corp

Amphenol

BancFirst

Best Buy

Franklin Resources

Camden National

City Hld

Cincinnati Financial

ConocoPhillips

Camden Property

CareTrust REIT

Curtiss-Wright

Ecolab

EastGroup Properties

A weekly summary of dividend activity for Dividend Champions, Contenders, and Challengers. Companies which changed their dividends.

Dividend Champion, Contender, And Challenger Highlights: Week Of April 9

Income investors looking for high-yield stocks with safe dividends should take a closer look at real estate investment trusts (REITs). The appeal of REITs is that they provide investors with the opportunity to profit from real estate, without the need to own property.

3 High-Yield REITs to Buy Now

FedEx

Flowserve

CarMax

Lowe's

Lamb Weston Hlds

Netflix

Progressive

United Continental Hlds

UnitedHealth Group

Incredibly, the first quarter is now history, after a volatile 90 days to start 2023 that saw the return of bank failures, rising interest rates, the ongoing war in Ukraine, continued hot and sticky inflation, and a host of additional items that have kept the pressure on stocks.

BofA Securities Out With Top ‘Strong Buy' Stock Ideas for Q2 2023

Essential Properties Realty Trust Inc

First Industrial Realty Trust

Innovative Industrial Properties

Invitation Homes

Independence Realty Trust

Mid-America Apartment Communities

PotlatchDeltic

Prologis

A FROG is a REIT that shows a Fast Rate of Growth and a strong balance sheet. This article discusses how to identify a FROG, and lists all the FROGs as we head deeper into 2023.

17 Fast-Growing REITs With 17 Strong Balance Sheets

News for CubeSmart Stock (CUBE)