---
schema_version: "secwatch.filing_event.v1"
accession: "0001298675-23-000035"
form_type: "8-K"
ticker: "CUBE"
cik: "0001298675"
company_name: "CubeSmart"
filed_at: "2023-08-04T23:59:59+00:00"
generated_at: "2026-06-12T05:42:57.731510+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# CubeSmart Reports Q2 2023 EPS of $0.43, FFO per Share $0.66, Same-Store NOI Up 5.0%

## Summary
- Net income attributable to common shareholders was $97.9 million for Q2 2023, up from $58.4 million in Q2 2022.
- Same-store NOI increased 5.0% year-over-year, driven by 4.6% revenue growth and 3.6% expense growth.
- Same-store physical occupancy ended quarter at 92.7%, down from 94.4% a year earlier.
- Added 58 stores to third-party management platform in Q2, totaling 727 managed stores.
- Updated 2023 guidance: EPS $1.77-$1.81, FFO per share $2.64-$2.68 (previously $2.64-$2.71).

## SEC filing metadata
- accession: 0001298675-23-000035
- form_type: 8-K
- ticker: CUBE
- cik: 0001298675
- company_name: CubeSmart
- filed_at: 2023-08-04T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1298675/000129867523000035/0001298675-23-000035-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1298675/000129867523000035/cube-20230803x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001298675-23-000035
- JSON: https://secwatch.observer/filing/0001298675-23-000035.json
- Plain text: https://secwatch.observer/filing/0001298675-23-000035.txt

## Key facts
- Earnings Releases
  CubeSmart reported three and six months ended June 30, 2023 results: net income $97.9 million, EPS $0.43.
  - Period: three and six months ended June 30, 2023
  - Net income: $97.9 million
  - EPS: $0.43
  - Result: reported results
  source text: Net income attributable to the Company’s common shareholders was $ 97.9 million for the second quarter of 2023 , compared with $ 58.4 million for the second quarter of 2022 .
  evidence_url: https://www.sec.gov/Archives/edgar/data/1298675/000129867523000035/0001298675-23-000035-index.htm
- Earnings Releases
  CubeSmart reported second quarter of 2023 results: EPS $0.43.
  - Period: second quarter of 2023
  - EPS: $0.43
  - Result: reported results
  source text: EPS attributable to the Company’s common shareholders was $0.43 for the second quarter of 2023 , compared with $0.26 for the same period last year.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1298675/000129867523000035/0001298675-23-000035-index.htm
- Earnings Releases
  CubeSmart reported 2023 fiscal year results: EPS $1.77 to $1.81. Guidance lowered.
  - Period: 2023 fiscal year
  - EPS: $1.77 to $1.81
  - Guidance: lowered
  - Result: guidance update
  source text: The Company estimates that its fully diluted earnings per share for the year will be between $1.77 and $1.81 (previously $1.77 to $1.84), and that its fully diluted FFO per share, as adjusted, for 2023 will be between $2.64 and $2.68 (previously $2.64 to $2.71).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1298675/000129867523000035/0001298675-23-000035-index.htm

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