CubeSmart Q3 EPS $0.45, FFO adj $0.68; same-store NOI +2.0% YoY

CubeSmart

2023-Q3 EPS reported $1.32 revenue$785,209,000

Diluted EPS $0.45 vs $0.50 in Q3 2022; net income $102.6M vs $112.9M.
FFO as adjusted per diluted share $0.68, up 3.0% from $0.66.
Same-store NOI +2.0% YoY on 2.3% revenue growth and 3.0% expense growth.
Same-store occupancy 91.4% at quarter end vs 93.1% a year ago.
FY2023 EPS guidance narrowed to $1.78-$1.80; FFO per share $2.65-$2.67 (prev $2.64-$2.68).

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.65

CubeSmart reported three and nine months ended September 30, 2023 results: net income $ 102.6 million, EPS $0.45.

Period: three and nine months ended September 30, 2023
Net income: $ 102.6 million
EPS: $0.45
Result: reported results

Exact text from the filing

CubeSmart (NYSE: CUBE) today announced its operating results for the three and nine months ended September 30, 2023

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Source: SEC EDGAR

accession 0001298675-23-000044

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