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Cubesmart (CUBE)
:CUBE
Earnings Data
Report Date
Jul 31, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.37Last Year’s EPS
0.41Same Quarter Last Year
Based on 12 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:May 01, 2025
|% Change Since: 2.59%
|Next Earnings Date:Jul 31, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed picture with significant achievements in FFO per share beat, strategic acquisitions, and expense control. However, these positives were balanced by declines in same-store revenue, negative NOI growth, and macroeconomic concerns, leading to a cautious outlook.Company Guidance
During CubeSmart's first quarter 2025 earnings call, the company reported strong operational performance, achieving $0.64 of FFO per share, which exceeded the high end of their guidance by $0.01. The company experienced solid top-of-funnel demand, with rental rates for new customers improving and existing customer health remaining strong. Operating expenses grew by only 0.6% year-over-year, contributing to a negative 0.8% same-store NOI growth for the quarter. Tim Martin, CFO, highlighted that the company's same-store revenue growth was down 0.4% compared to last year, an improvement from the previous quarter's 1.6% decline. Average occupancy for their same-store portfolio decreased by 50 basis points to 89.5%, narrowing from a 120-basis-point decline in the fourth quarter. The company also closed on the acquisition of the remaining 80% interest in one of its joint ventures, involving a $452.8 million investment. Looking forward, CubeSmart maintained its prior range of expectations for top-line growth, while slightly improving the midpoint of its FFO per share range due to better-than-expected expense performance.FFO Per Share Beat
Achieved $0.64 of FFO per share, a $0.01 beat to the high end of guidance.
Acquisition of Joint Venture Interest
Closed on the acquisition of the remaining 80% interest in the HBP4 joint venture, adding 28 early-stage lease-up stores for $452.8 million.
Third-Party Management Expansion
Added 33 stores to the third-party management platform, ending the quarter with 869 third-party stores under management.
Operating Expense Control
Same-store operating expenses grew only 0.6%, better than expected, improving the outlook for full-year expense growth.
Positive Market Performance
Strong performance in key markets like New York City Boroughs, Chicago, and Washington, D.C. suburbs, with signs of stabilization in Northern New Jersey, Phoenix, and Atlanta.
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CUBE Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CUBE Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| May 01, 2025 | $40.95 | $42.57 | +3.96% |
| Feb 27, 2025 | $42.01 | $40.78 | -2.93% |
| Oct 31, 2024 | $46.68 | $46.19 | -1.05% |
| Aug 01, 2024 | $46.21 | $47.09 | +1.90% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Cubesmart (CUBE) report earnings?
Cubesmart (CUBE) is schdueled to report earning on Jul 31, 2025, TBA Not Confirmed.
What is Cubesmart (CUBE) earnings time?
Cubesmart (CUBE) earnings time is at Jul 31, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CUBE EPS forecast?
CUBE EPS forecast for the fiscal quarter 2025 (Q2) is 0.37.
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