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Stock impact report

CubeSmart Reports Third Quarter 2018 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., Oct. 25, 2018 (GLOBE NEWSWIRE) -- CubeSmart (NYSE:CUBE) today announced its operating results for the three and nine months ended September 30, 2018. “Third-quarter performance continues to reflect healthy demand trends and a competitive pricing environment,” commented President and Chief Executive Officer Christopher P. Marr. “Our scalable, sophisticated operating platform and customer service focus generated solid results across our portfolio. We remain active and disciplined in pursuing growth opportunities that deliver attractive, risk-adjusted returns to our shareholders.” Key Highlights for the Quarter Reported earnings per share (“EPS”) attributable to the Company’s common shareholders of $0.23.Reported funds from operations (“FFO”) per share, as adjusted, of $0.43, representing a year over year increase of 2.4%.Increased same-store (458 stores) net operating income (“NOI”) 3.9% year over year, driven by 3.0% revenue growth and a 0.6% increase in property ope Show less Read more
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