Highest-materiality recent filing
CubeSmart Q1 EPS $0.36 vs $0.39 YoY; FFO as adj $0.63; same-store NOI -1.5%
Diluted EPS $0.36, down from $0.39; FFO as adjusted $0.63, down from $0.64.
CubeSmart Q4 EPS $0.34 (-24% YoY); Same-store NOI -1.1%; Guides 2026 FFO $2.52-2.60
Diluted EPS $0.34 in Q4 vs $0.45 prior year; adjusted FFO per share $0.64 vs $0.68, down 5.9%.
CubeSmart Q3 diluted EPS $0.36, same-store NOI -1.5%; lifts FY2025 guidance midpoints
Net income $82.9M, diluted EPS $0.36 vs $0.44 YoY; FFO as adjusted $0.65 vs $0.67.
CubeSmart L.P. issues $450M of 5.125% senior notes due 2035
Aggregate principal amount $450M at 5.125% interest, maturing 2035; net proceeds ~$440.2M after discounts and expenses.
CubeSmart Q2 EPS $0.36 (-12% YoY); FFO per share $0.65 (+1.6%); FY guidance raised
Diluted EPS $0.36 vs $0.41 YoY; net income $83M vs $94M.
CubeSmart Q4 2024 diluted EPS $0.45 vs $0.50 YoY; guides 2025 FFO $2.50-$2.59
Q4 diluted EPS $0.45 (vs $0.50); full-year diluted EPS $1.72 (vs $1.82).
CubeSmart COO Joel D. Keaton to retire Apr 30, 2025; consulting role through Apr 2026
Retirement effective April 30, 2025; Keaton will serve as non-employee consultant up to one year.
CubeSmart Q3 2024 EPS $0.44, FFO $0.67; same-store NOI down 3.1%
Diluted EPS $0.44 vs $0.45; FFO as adjusted $0.67 vs $0.68, both YoY declines.
CubeSmart Q2 EPS $0.41 vs $0.43 YoY; same-store NOI down 1.2%
Diluted EPS $0.41 (down from $0.43); adjusted FFO per share $0.64 (down 3% from $0.66).
CubeSmart Q1 EPS $0.42, FFO $0.64; same-store NOI down 1.9% YoY
Diluted EPS $0.42 vs $0.43 YoY; FFO as adjusted $0.64 vs $0.65 YoY, down 1.5%.
CubeSmart Q4 2023 EPS $0.50, FFO as adj. $0.70; raises dividend 4.1% to $0.51/share
Diluted EPS $0.50 in Q4 2023 vs $0.36 YoY; full-year EPS $1.82 vs $1.29.
CubeSmart Q3 EPS $0.45, FFO adj $0.68; same-store NOI +2.0% YoY
Diluted EPS $0.45 vs $0.50 in Q3 2022; net income $102.6M vs $112.9M.
CubeSmart Reports Q2 2023 EPS of $0.43, FFO per Share $0.66, Same-Store NOI Up 5.0%
Net income attributable to common shareholders was $97.9 million for Q2 2023, up from $58.4 million in Q2 2022.
CubeSmart Q1 2023 EPS $0.43, FFO per share $0.65, same-store NOI up 9.1%
Net income $97.6M vs $38.2M YoY; diluted EPS $0.43 (vs $0.17).
CubeSmart Q4 EPS $0.36, FFO $0.67; raises dividend 14%; guides 2023 FFO $2.64-$2.71
Q4 EPS $0.36 (vs $0.21 YoY); FFO per share adj. $0.67 (vs $0.58); full-year EPS $1.29 (vs $1.09).
CubeSmart Q3 EPS $0.50, FFO as adj $0.66; raises FY guidance
EPS of $0.50 vs $0.43 YoY; FFO as adj $0.66 vs $0.56; net income $112.9M.
Joel D. Keaton, the Company’s Chief Operating Officer, will be retiring from the Company effective April 30, 2025
On March 15, 2023, CubeSmart (the “Company”) appointed Matthew DeNarie, age 39, as the Company’s Senior Vice President and Chief Accounting Officer.
On October 25, 2022, the Board of Trustees (the “Board”) of the Company increased the size of the Board to nine members and immediately appointed Dr. Jit Kee Chin to serve as a member of the Board to fill the vacancy created thereby.
The Board has determined that, effective at the conclusion of the 2022 Annual Meeting, Deborah R. Salzberg, who has been a Trustee since May 2013, will become Non-Executive Chair of the Board.
The Board intends to nominate Jair K. Lynch, age 50, to the Board for election by the shareholders at the 2022 Annual Meeting to fill the vacancy that will arise upon Ms. Keler’s retirement.
On March 1, 2022, Marianne M. Keler advised the Board of Trustees of CubeSmart of her intention to not stand for re-election to the Board at CubeSmart’s 2022 Annual Meeting of Shareholders (the “2022 Annual Meeting”) and her term will therefore end at the conclusion of the 2022 Annual Meeting.
Max materiality 0.80 · Median 0.10 · Most common event other