---
schema_version: "secwatch.filing_event.v1"
accession: "0001298675-23-000006"
form_type: "8-K"
ticker: "CUBE"
cik: "0001298675"
company_name: "CubeSmart"
filed_at: "2023-02-24T23:59:59+00:00"
generated_at: "2026-06-19T00:34:30.673528+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# CubeSmart Q4 EPS $0.36, FFO $0.67; raises dividend 14%; guides 2023 FFO $2.64-$2.71

## Summary
- Q4 EPS $0.36 (vs $0.21 YoY); FFO per share adj. $0.67 (vs $0.58); full-year EPS $1.29 (vs $1.09).
- Same-store NOI +12.1% YoY on 9.5% revenue growth; avg occupancy 92.8%.
- Quarterly dividend raised 14% to $0.49 ($1.96 annualized); paid Jan 17, 2023.
- 2023 guidance: EPS $1.76-$1.83; FFO per share adj. $2.64-$2.71; same-store NOI +4-6%.
- Amended credit facility to $850M, extended to Feb 2027; added 28 third-party managed stores.

## SEC filing metadata
- accession: 0001298675-23-000006
- form_type: 8-K
- ticker: CUBE
- cik: 0001298675
- company_name: CubeSmart
- filed_at: 2023-02-24T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1298675/000129867523000006/0001298675-23-000006-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1298675/000129867523000006/cube-20230223x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001298675-23-000006
- JSON: https://secwatch.observer/filing/0001298675-23-000006.json
- Plain text: https://secwatch.observer/filing/0001298675-23-000006.txt

## Key facts
- Earnings Releases
  CubeSmart reported fourth quarter of 2022 results: net income $81.9 million, EPS $0.36.
  - Period: fourth quarter of 2022
  - Net income: $81.9 million
  - EPS: $0.36
  - Result: reported results
  source text: Net income attributable to the Company’s common shareholders was $ 81.9 million for the fourth quarter of 2022 , compared with $ 45.3 million for the fourth quarter of 2021 . EPS attributable to the Company’s common shareholders was $0.36 for the fourth quarter of 2022 , compared with $0.21 for the same period last year. Net income attributable to the Company's common shareholders for the year ended December 31, 2022 was $291.3 million, compared with $223.5 million for the year ended December 31, 2021. EPS increased 18.3% to $1.29 for the year ended December 31, 2022 compared with $1.09 for the prior year.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1298675/000129867523000006/0001298675-23-000006-index.htm
- Earnings Releases
  CubeSmart reported year ended December 31, 2022 results: net income $291.3 million, EPS $1.29.
  - Period: year ended December 31, 2022
  - Net income: $291.3 million
  - EPS: $1.29
  - Result: reported results
  source text: Net income attributable to the Company’s common shareholders was $ 81.9 million for the fourth quarter of 2022 , compared with $ 45.3 million for the fourth quarter of 2021 . EPS attributable to the Company’s common shareholders was $0.36 for the fourth quarter of 2022 , compared with $0.21 for the same period last year. Net income attributable to the Company's common shareholders for the year ended December 31, 2022 was $291.3 million, compared with $223.5 million for the year ended December 31, 2021. EPS increased 18.3% to $1.29 for the year ended December 31, 2022 compared with $1.09 for the prior year.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1298675/000129867523000006/0001298675-23-000006-index.htm

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