earnings
confidence high
sentiment neutral
materiality 0.55
CubeSmart Q1 EPS $0.39, FFO $0.64/sh; completes $452.8M HVP IV acquisition
CubeSmart
2025-Q1 EPS reported
$0.39
revenue$273,036,000
- Diluted EPS $0.39 vs $0.42 YoY; FFO as adj. $0.64/sh flat; Net income $89.2M (down from $94.5M).
- Same-store NOI -0.8% on rev -0.4%, expenses +0.6%; occupancy 89.5% avg.
- Acquired remaining 80% of HVP IV (28 stores) for $452.8M incl. debt repayment.
- Added 33 stores to third-party mgmt; total 869 managed stores.
- FY2025 guidance: EPS $1.41-$1.49, FFO/sh $2.51-$2.59; unchanged.