CUBE

In October 2025, CubeSmart reported its third-quarter results, noting increases in total revenues and property operating expenses due to acquisitions and newly opened development properties. The average outstanding debt balance also increased, and the company issued $450 million in unsecured senior notes due November 2035. For the fourth quarter of 2024, CubeSmart reported a decline in same-store revenue growth by -1.6% year-over-year, though this represented a sequential improvement, and same-store occupancy decreased by 120 basis points on average compared to the prior year. In April 2026, CubeSmart reported its first-quarter 2026 results with a decrease in net income attributable to common shareholders and diluted EPS. Funds From Operations (FFO), as adjusted, per diluted share also saw a slight decrease. However, same-store revenue growth inflected to positive at 0.6% year-over-year, marking the first positive top-line growth since mid-2024. Analyst sentiment has been cautious, with some downgrades from firms, but large institutional investors have meaningfully increased their positions. The stock's dividend yield continues to attract income-focused investors, and CubeSmart's reaffirmed full-year 2026 diluted EPS guidance and same-store revenue growth also provided an outlook for investors.