Cubesmart (CUBE)
NYSE:CUBE
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Earnings Data
Report Date
Jul 30, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.36Last Year’s EPS
0.36Same Quarter Last Year
Moderate Buy
Based on 11 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed cautious optimism: operational inflection points (positive same-store revenue, rising move-in rates, narrowing occupancy gap, market-level recoveries) and disciplined capital actions (FFO at high end, share buybacks, a CBRE JV, growth in third-party management) were emphasized. Near-term margin pressure from expense growth (marketing, snow removal, personnel) produced a slight same-store NOI decline. Management reaffirmed full-year guidance and signaled gradual improvement through 2026 without relying on a macro catalyst.Company Guidance
Same-Store Revenue Turned Positive
Same-store revenue grew 0.6% year-over-year, marking the first quarter of positive top-line same-store growth since mid-2024; 21 of the top 25 MSAs showed sequential improvement.
Strong Move-In Pricing and Early Spring Momentum
Move-in (rental) rates ended the quarter up ~2% and that +2% spread held through April; April move-ins were up ~1% year-over-year, and net rentals were described as improving materially (management cited a 240% increase in net rentals for the quarter).
Occupancy Gap Narrowing
Occupancy gap narrowed materially: down ~70 bps at year-end 2025 to down ~30 bps at quarter-end, and approximately down 20 bps by the end of April — putting the company well positioned entering peak leasing season.
FFO and Guidance Stability
Adjusted FFO per share of $0.63 for the quarter came in at the high end of guidance; company reaffirmed 2026 guidance and underlying assumptions with only a minor share-count improvement from repurchases.
Capital Allocation and Balance Sheet Actions
Active capital deployment: share repurchases executed (roughly $30M+ in Q1 and similar level in Q4), closed first store in CBRE IM JV (a $250M mandate), and balance sheet described as conservative with access to capital and an opportunistic approach to addressing a late-2026 bond maturity.
Third-Party Management Growth
Added 33 third-party managed stores in Q1 and ended the quarter with 854 third-party stores under management, demonstrating continued traction in the management platform.
Market-Level Outperformance and Recovery Signals
Core urban markets and the Acela corridor (New York, Austin, Washington, D.C.) and Midwest (Chicago) outperformed; Miami swung to positive same-store revenue and Phoenix and Atlanta showed meaningful early recovery signs from prior supply impacts.
Operating Income Drivers and Ancillary Revenue
Fee and other property income (merchandise, locks, truck rental, etc.) was elevated and a focus area for incremental cash flow growth; management expects full-year levels to normalize but continues to pursue ancillary revenue opportunities.
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
CUBE Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 30, 2026 | $40.48 | $40.14 | -0.84% |
Feb 26, 2026 | $39.63 | $40.55 | +2.31% |
Oct 30, 2025 | $37.93 | $36.58 | -3.56% |
Jul 31, 2025 | $37.30 | $38.25 | +2.54% |
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.
FAQ
When does Cubesmart (CUBE) report earnings?
Cubesmart (CUBE) is schdueled to report earning on Jul 30, 2026, After Close (Confirmed).
What is Cubesmart (CUBE) earnings time?
Cubesmart (CUBE) earnings time is at Jul 30, 2026, After Close (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 2026 (Q2) is 0.36.