CubeSmart Reports First Quarter 2024 Results
CubeSmart Common Shares (CUBE)
Last cubesmart common shares earnings: 2/20 04:30 pm
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Source: GlobeNewswire
MALVERN, Pa., April 25, 2024 (GLOBE NEWSWIRE) -- CubeSmart (NYSE: CUBE) today announced its operating results for the three months ended March 31, 2024. “Our urban markets continued their positive trends, with portfolio-leading results during the first quarter,” commented President and Chief Executive Officer Christopher P. Marr. “As we turn our attention to the summer rental season, our team is energized and our marketing campaigns are ramping up, positioning us to attract customers across all channels.” Key Highlights for the First Quarter Reported diluted earnings per share (“EPS”) attributable to the Company’s common shareholders of $0.42.Reported funds from operations (“FFO”), as adjusted, per diluted share of $0.64.Same-store (598 stores) net operating income (“NOI”) decreased 1.9% year over year, driven by a 5.0% increase in operating expenses.Averaged same-store occupancy of 90.2% during the quarter and ended the quarter at 90.4%.Closed on the acquisition of two stores to
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News
- Asia Pacific Self-Storage Market Set to Hit Valuation of USD 15.40 Billion By 2032, at 12.61% CAGR: Astute Analytica [Yahoo! Finance]Yahoo! Finance
- CubeSmart (NYSE: CUBE) had its price target raised by analysts at Wells Fargo & Company from $42.00 to $46.00. They now have an "equal weight" rating on the stock.MarketBeat
- CubeSmart Announces the Date of Its First Quarter 2024 Earnings Release and Conference CallGlobeNewswire
- CubeSmart (NYSE: CUBE) is now covered by analysts at Barclays PLC. They set an "equal weight" rating and a $48.00 price target on the stock.MarketBeat
- CubeSmart Declares First Quarter 2024 DividendGlobeNewswire
CUBE
Earnings
- 4/25/24 - In-Line
CUBE
Sec Filings
- 5/3/24 - Form 144
- 4/26/24 - Form 10-Q
- 4/26/24 - Form 8-K
- CUBE's page on the SEC website