CubeSmart reports Q4 diluted EPS 45c, consensus 46c

Reports Q4 revenue $231.41M, consensus $267.54M. Reports Q4 same-store net operating income decreased 3.7% year over year, resulting from a 1.6% decrease in revenues and a 4.7% increase in operating expenses. Same-store occupancy averaged 89.6% during Q4, ending at 89.3%.