CubeSmart demonstrated strong operational performance and effective cost management in Q2 2025, highlighted by positive trends in key urban markets and expense control. However, challenges persist with negative revenue growth, especially in the Sunbelt markets, and acquisition market difficulties. The sentiment is balanced with both positive and negative aspects.

Company Guidance -

Q3 2025

During CubeSmart's Second Quarter 2025 Earnings Call, guidance was provided indicating a positive outlook for the remainder of the year, despite some challenges. The company reported a trough-to-peak occupancy growth of 190 basis points compared to 180 basis points in the previous year, and net effective rates for new customers increased by 28.3% compared to 15% in 2024. Move-in rents showed improvement, with a decrease of 4% in the second quarter compared to an 8.3% decrease in the first quarter. Same-store revenue growth was down 0.5% year-over-year, while operating expenses grew by 1.2%, leading to a negative 1.1% same-store NOI growth for the quarter. The company posted an FFO per share as adjusted of $0.65, which was at the high end of their guidance. Looking forward, CubeSmart expects occupancy and move-in rates to approach parity by year-end, despite potential volatility from governmental and monetary policy impacts. The company remains cautious but optimistic about improving operational trends and anticipates a better footing as they head into 2026.

Positive Second Quarter Performance

CubeSmart exceeded expectations in Q2 2025, with occupancy growing 190 basis points compared to 180 basis points last year. Net effective rates for new customers rose by 28.3% compared to 15% in 2024.

Strong Urban Market Performance

Notable performance in urban markets along the Acela Corridor and Chicago, with New York MSA showing solid acceleration in net rental income. The reduction in new supply in these areas contributed to positive results.

Expense Control and Insurance Savings

Same-store operating expenses grew by only 1.2% over last year, with better-than-anticipated insurance renewal and successful property tax appeals contributing to lower costs.

Increased Third-Party Management Stores

Added 30 stores to the third-party management platform, reaching a total of 873 stores by quarter end.

Maintained Strong Balance Sheet

Net debt-to-EBITDA stood at 4.7x, and the company is well-positioned to issue long-term unsecured debt.

Cubesmart (CUBE) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

CUBE Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 30, 2025	2025 (Q3)	0.39 / -	0.44	―	―	―
Jul 31, 2025	2025 (Q2)	0.37 / 0.36	0.41	-12.20% (-0.05)	―
May 01, 2025	2025 (Q1)	0.38 / 0.39	0.42	-7.14% (-0.03)	―
Feb 27, 2025	2024 (Q4)	0.46 / 0.45	0.5	-10.00% (-0.05)	―
Oct 31, 2024	2024 (Q3)	0.45 / 0.44	0.45	-2.22% (-0.01)	―
Aug 01, 2024	2024 (Q2)	0.42 / 0.41	0.43	-4.65% (-0.02)	―
Apr 25, 2024	2024 (Q1)	0.42 / 0.42	0.43	-2.33% (-0.01)	―
Feb 29, 2024	2023 (Q4)	0.45 / 0.50	0.36	38.89% (+0.14)	―
Nov 02, 2023	2023 (Q3)	0.44 / 0.45	0.5	-10.00% (-0.05)	―
Aug 03, 2023	2023 (Q2)	0.42 / 0.43	0.26	65.38% (+0.17)	―

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
Jul 31, 2025	$38.91	$39.90	+2.54%
May 01, 2025	$40.45	$42.05	+3.96%
Feb 27, 2025	$41.50	$40.28	-2.94%
Oct 31, 2024	$46.11	$45.62	-1.06%

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 Oct 30, 2025, After Close (Confirmed).

What is Cubesmart (CUBE) earnings time?

Cubesmart (CUBE) earnings time is at Oct 30, 2025, 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 2025 (Q3) is 0.39.

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