The earnings call reflects a mixed sentiment with significant improvements in key metrics such as net effective rates and occupancy, particularly in New York, balancing the challenges of negative same-store revenue growth and increased operating expenses. The strong balance sheet and growth in third-party management provide a positive outlook, but challenges remain in some markets and revenue growth expectations have been tempered.

Company Guidance

During CubeSmart's second quarter 2025 earnings call, management provided guidance reflecting confidence in their operational trends, which continue to improve. The company experienced a solid performance with trough-to-peak occupancy growing by 190 basis points compared to 180 basis points last year, and net effective rates for new customers increasing by 28.3% compared to 15% in 2024. Despite a 0.5% decline in same-store revenue growth and average occupancy down 80 basis points to 90.6%, CubeSmart reported an FFO per share as adjusted of $0.65, at the high end of their guidance range. The company added 30 stores to their third-party management platform, totaling 873 stores at quarter-end. While facing challenges in the transaction market, they remain well-positioned financially, with a net debt-to-EBITDA ratio of 4.7x. CubeSmart anticipates that stabilizing trends will continue, with occupancy and move-in rates approaching parity by year-end, setting a positive foundation as they head into 2026.

Increase in Net Effective Rates for New Customers

Net effective rates for new customers grew by 28.3% compared to 15% in 2024, indicating strong pricing power.

Occupancy Improvement

Trough-to-peak occupancy grew 190 basis points compared to 180 basis points last year.

Strong Performance in New York MSA

The New York MSA showed solid sequential acceleration in net rental income, with the boroughs leading due to reduced new supply and strong demand.

Strong Balance Sheet Metrics

Net debt-to-EBITDA stands at 4.7x, with plans to issue long-term unsecured debt to replace maturing notes.

Third-Party Management Platform Growth

Added 30 stores to the third-party management platform, totaling 873 stores by quarter-end.

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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