---
schema_version: "secwatch.filing_event.v1"
accession: "0001298675-24-000018"
form_type: "8-K"
ticker: "CUBE"
cik: "0001298675"
company_name: "CubeSmart"
filed_at: "2024-04-26T23:59:59+00:00"
generated_at: "2026-06-03T06:19:09.266221+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# CubeSmart Q1 EPS $0.42, FFO $0.64; same-store NOI down 1.9% YoY

## Summary
- Diluted EPS $0.42 vs $0.43 YoY; FFO as adjusted $0.64 vs $0.65 YoY, down 1.5%.
- Same-store NOI decreased 1.9% YoY; operating expenses up 5.0%, revenues flat.
- Acquired two stores for $20.2M; added 68 stores to third-party management platform (total 860).
- 2024 guidance reiterated: EPS $1.69-$1.79, FFO $2.59-$2.69 per share.
- Quarterly dividend $0.51 per share paid April 15, 2024; unchanged from prior.

## SEC filing metadata
- accession: 0001298675-24-000018
- form_type: 8-K
- ticker: CUBE
- cik: 0001298675
- company_name: CubeSmart
- filed_at: 2024-04-26T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1298675/000129867524000018/0001298675-24-000018-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1298675/000129867524000018/cube-20240425x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001298675-24-000018
- JSON: https://secwatch.observer/filing/0001298675-24-000018.json
- Plain text: https://secwatch.observer/filing/0001298675-24-000018.txt

## Key facts
- Earnings Releases
  CubeSmart reported three months ended March 31, 2024 results: net income Net income attributable to the Company’s common shareholders was $94.5 million for the first quarter of 2024, EPS Reported diluted earnings per share attributable to the Company’s common shareholders of $0.42. Guidance reaffirmed.
  - Period: three months ended March 31, 2024
  - Net income: Net income attributable to the Company’s common shareholders was $94.5 million for the first quarter of 2024
  - EPS: Reported diluted earnings per share attributable to the Company’s common shareholders of $0.42
  - Guidance: reaffirmed
  - Result: reported results
  source text: CubeSmart (the “Company”) announced its financial results for the three months ended March 31, 2024
  evidence_url: https://www.sec.gov/Archives/edgar/data/1298675/000129867524000018/0001298675-24-000018-index.htm

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