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Stock impact report

CubeSmart Reports Third Quarter 2019 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. 24, 2019 (GLOBE NEWSWIRE) -- CubeSmart (NYSE: CUBE) today announced its operating results for the three and nine months ended September 30, 2019. “We are encouraged by our third quarter performance in light of the continued impact from supply and the difficult year-over-year operating expense comparison,” commented Christopher P. Marr, President and Chief Executive Officer. “Despite the competitive operating environment, we see positive signs in markets that experienced supply growth early in the cycle and remain confident in the long-term performance of our high-quality portfolio.” Key Highlights for the Quarter Reported earnings per share (“EPS”) attributable to the Company’s common shareholders of $0.22.Reported funds from operations (“FFO”) per share, as adjusted, of $0.44, representing a year-over-year increase of 2.3%.Increased same-store (467 stores) net operating income (“NOI”) 0.1% year over year, driven by 1.5% revenue growth and a 5.3% increase in pr Show less Read more
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