earnings
confidence high
sentiment negative
materiality 0.75
CubeSmart Q4 EPS $0.34 (-24% YoY); Same-store NOI -1.1%; Guides 2026 FFO $2.52-2.60
CubeSmart
2025-FY EPS
reported $1.46
vs consensus $0.38
▲ beat
(+286.9%)
- Diluted EPS $0.34 in Q4 vs $0.45 prior year; adjusted FFO per share $0.64 vs $0.68, down 5.9%.
- Same-store NOI decreased 1.1% YoY; revenue -0.1%, expenses +2.9%; occupancy 88.6%.
- Acquired two stores for $49M in Q4; closed $452.8M HVP IV venture acquisition.
- Quarterly dividend raised 1.9% to $0.53/share (annualized $2.12); repurchased 0.9M shares for $31.9M.
- 2026 guidance: EPS $1.55-$1.63, adjusted FFO $2.52-$2.60; management cites improving fundamentals.