earnings
confidence high
sentiment negative
materiality 0.75
CubeSmart Q1 EPS $0.36 vs $0.39 YoY; FFO as adj $0.63; same-store NOI -1.5%
CubeSmart
2026-Q1 EPS
reported $0.36
vs consensus $0.40
▼ miss
(-10.8%)
- Diluted EPS $0.36, down from $0.39; FFO as adjusted $0.63, down from $0.64.
- Same-store NOI -1.5% (revenue +0.6%, expenses +5.8%); occupancy avg 89.0%.
- Repurchased 0.9M shares for $33.4M at avg $36.64; Q1 dividend $0.53/share.
- Added 33 stores to third-party management platform, total 854 stores.
- 2026 guidance: EPS $1.55-$1.63, FFO as adj $2.52-$2.60.