earnings
confidence high
sentiment positive
materiality 0.65
CubeSmart Q2 EPS $0.36 (-12% YoY); FFO per share $0.65 (+1.6%); FY guidance raised
CubeSmart
2025-Q2 EPS
reported $0.75
vs consensus $0.38
▲ beat
(+98.7%)
- Diluted EPS $0.36 vs $0.41 YoY; net income $83M vs $94M.
- FFO as adjusted $0.65 per share (up from $0.64); same-store NOI fell 1.1%.
- Same-store occupancy averaged 90.6%, ended at 91.1%; added 30 third-party managed stores (873 total).
- Interest expense $29.1M (+$6.3M) on avg debt $3.43B at 3.32% effective rate.
- FY2025 FFO per share guidance raised to $2.54–$2.60; EPS guidance $1.44–$1.50.