---
schema_version: "secwatch.filing_event.v1"
accession: "0001298675-22-000051"
form_type: "8-K"
ticker: "CUBE"
cik: "0001298675"
company_name: "CubeSmart"
filed_at: "2022-10-28T23:59:59+00:00"
generated_at: "2026-06-22T22:26:41.301167+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# CubeSmart Q3 EPS $0.50, FFO as adj $0.66; raises FY guidance

## Summary
- EPS of $0.50 vs $0.43 YoY; FFO as adj $0.66 vs $0.56; net income $112.9M.
- Same-store NOI +15.4% YoY; revenue +12.2%, occupancy 93.8% at quarter end.
- HVPSE JV sold 14 properties for $235M; company received $49.9M promoted interest.
- FY 2022 EPS guidance raised to $1.26-$1.28 (prior $1.05-$1.09); FFO as adj to $2.50-$2.52.
- Acquired one store for $20.7M; credit facility amended to $850M, maturity extended to 2027.

## SEC filing metadata
- accession: 0001298675-22-000051
- form_type: 8-K
- ticker: CUBE
- cik: 0001298675
- company_name: CubeSmart
- filed_at: 2022-10-28T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1298675/000129867522000051/0001298675-22-000051-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1298675/000129867522000051/cube-20221027x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001298675-22-000051
- JSON: https://secwatch.observer/filing/0001298675-22-000051.json
- Plain text: https://secwatch.observer/filing/0001298675-22-000051.txt

## Key facts
- Earnings Releases
  CubeSmart reported three months ended September 30, 2022 results: net income $112.9 million, EPS $0.50.
  - Period: three months ended September 30, 2022
  - Net income: $112.9 million
  - EPS: $0.50
  - Result: reported results
  source text: Net income attributable to the Company’s common shareholders was $ 112.9 million for the third quarter of 2022 , compared with $ 87.7 million for the third quarter of 2021 . A significant driver of the year over year increase was a $45.7 million gain related to the sale of the 14 properties within the HVPSE joint venture. This gain is included in equity in earnings of real estate ventures and is not included in FFO or FFO, as adjusted. EPS attributable to the Company’s common shareholders was $0.50 for the third quarter of 2022 , compared with $0.43 for the same period last year.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1298675/000129867522000051/0001298675-22-000051-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.