earnings
confidence high
sentiment neutral
materiality 0.80
CubeSmart Q4 2024 diluted EPS $0.45 vs $0.50 YoY; guides 2025 FFO $2.50-$2.59
CubeSmart
2024-FY EPS reported
$1.72
revenue$1,066,231,000
- Q4 diluted EPS $0.45 (vs $0.50); full-year diluted EPS $1.72 (vs $1.82).
- Q4 same-store NOI -3.7% YoY on -1.6% revenue and +4.7% expense growth.
- Acquired 85% interest in 14 Texas stores for $157.3M; two more stores for $22M.
- Post-quarter bought remaining 80% of HVP IV (28 stores) for $452.8M.
- Quarterly dividend raised 2.0% to $0.52/share; 2025 FFO guidance $2.50-$2.59.