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Stock impact report

CubeSmart Reports Fourth Quarter and Annual 2023 Results

CubeSmart Common Shares (CUBE) 
Last cubesmart common shares earnings: 2/20 04:30 pm Check Earnings Report
US:NYSE Investor Relations: investors.cubesmart.com
Company Research Source: GlobeNewswire
MALVERN, Pa., Feb. 29, 2024 (GLOBE NEWSWIRE) -- CubeSmart (NYSE: CUBE) today announced its operating results for the three and twelve months ended December 31, 2023. “We closed 2023 with another solid quarter as we experienced more stable trends compared to earlier in the year. New York City generated portfolio-leading growth, showcasing the strength of the market’s demand profile and the muted new supply backdrop,” commented President and Chief Executive Officer Christopher P. Marr. “Looking to 2024, our strong platform and team, coupled with our significant balance sheet capacity, have us well-positioned to execute our growth strategy in any macroeconomic climate.” Key Highlights for the Fourth Quarter Reported diluted earnings per share (“EPS”) attributable to the Company’s common shareholders of $0.50.Reported funds from operations (“FFO”), as adjusted, per diluted share of $0.70.Increased same-store (592 stores) net operating income (“NOI”) 1.2% year over year, driven by 0.4 Show less Read more
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