---
schema_version: "secwatch.filing_event.v1"
accession: "0001298675-23-000016"
form_type: "8-K"
ticker: "CUBE"
cik: "0001298675"
company_name: "CubeSmart"
filed_at: "2023-04-28T23:59:59+00:00"
generated_at: "2026-06-16T06:17:17.403706+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# CubeSmart Q1 2023 EPS $0.43, FFO per share $0.65, same-store NOI up 9.1%

## Summary
- Net income $97.6M vs $38.2M YoY; diluted EPS $0.43 (vs $0.17).
- Same-store NOI +9.1% YoY: revenue +6.9%, expenses +1.0%; occupancy 91.5% avg.
- FFO per share as adjusted $0.65 (+12.1% YoY); FY23 guidance EPS $1.77-$1.84, FFO $2.64-$2.71.
- Added 25 stores to third-party management platform (total 676 stores, 45.1M rentable sq ft).
- Quarterly dividend $0.49/share paid Apr 17; no ATM sales in Q1; $57.3M in JV development.

## SEC filing metadata
- accession: 0001298675-23-000016
- form_type: 8-K
- ticker: CUBE
- cik: 0001298675
- company_name: CubeSmart
- filed_at: 2023-04-28T23:59:59+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/1298675/000129867523000016/0001298675-23-000016-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1298675/000129867523000016/cube-20230427x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001298675-23-000016
- JSON: https://secwatch.observer/filing/0001298675-23-000016.json
- Plain text: https://secwatch.observer/filing/0001298675-23-000016.txt

## Key facts
- Earnings Releases
  CubeSmart reported the three months ended March 31, 2023 results: net income $ 97.6 million, EPS $0.43.
  - Period: the three months ended March 31, 2023
  - Net income: $ 97.6 million
  - EPS: $0.43
  - Result: reported results
  source text: Net income attributable to the Company’s common shareholders was $ 97.6 million for the first quarter of 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/1298675/000129867523000016/0001298675-23-000016-index.htm

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