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.

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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.

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MALVERN, Pa., May 16, 2023 (GLOBE NEWSWIRE) -- CubeSmart (NYSE: CUBE) announced today that its Board of Trustees declared a quarterly dividend of $0.49 per common share for the period ending June 30, 2023. The dividend is payable on July 17, 2023 to common shareholders of record on July 3, 2023.

CubeSmart Declares Second Quarter 2023 Dividend

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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

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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?

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

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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

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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.

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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

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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.

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