CubeSmart(CUBE)
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CubeSmart (CUBE) Misses Q3 FFO Estimates
ZACKS· 2024-10-31 22:50
CubeSmart (CUBE) came out with quarterly funds from operations (FFO) of $0.67 per share, missing the Zacks Consensus Estimate of $0.68 per share. This compares to FFO of $0.68 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an FFO surprise of -1.47%. A quarter ago, it was expected that this self-storage company would post FFO of $0.64 per share when it actually produced FFO of $0.64, delivering no surprise.Over the last four quarters, the company has ...
CubeSmart Reports Third Quarter 2024 Results
GlobeNewswire News Room· 2024-10-31 20:30
MALVERN, Pa., Oct. 31, 2024 (GLOBE NEWSWIRE) -- CubeSmart (NYSE: CUBE) today announced its operating results for the three and nine months ended September 30, 2024. “The third quarter saw a continuation of trends as we remain in a competitive environment for new customer rental rates while the existing customer remains very resilient,” commented President and Chief Executive Officer Christopher P. Marr. “This month, we celebrated our 20th anniversary as a public company. While it’s exciting to celebrate our ...
Here's Why CubeSmart (CUBE) is Poised for a Turnaround After Losing -10.81% in 4 Weeks
ZACKS· 2024-10-29 14:35
CubeSmart (CUBE) has been on a downward spiral lately with significant selling pressure. After declining 10.8% over the past four weeks, the stock looks well positioned for a trend reversal as it is now in oversold territory and there is strong agreement among Wall Street analysts that the company will report better earnings than they predicted earlier.Guide to Identifying Oversold StocksWe use Relative Strength Index (RSI), one of the most commonly used technical indicators, for spotting whether a stock is ...
Urbanization Fuels CubeSmart's Expansion, But Headwinds Lie Ahead
Seeking Alpha· 2024-10-10 13:26
CubeSmart (NYSE: CUBE ) is a big player in the self-storage game, and they've set themselves up nicely to cash in on the growing need for extra space. Urban sprawl, tiny apartments, and people spending more all play into their hand, and CubeSmart The mission of Grassroots Trading rests on the following principles: providing objective, unbiased, and balanced research, backed by solid data and completely void of emotional influences or preference for companies; focusing on small- to mid-cap companies, offerin ...
CubeSmart Announces the Date of Its Third Quarter 2024 Earnings Release and Conference Call
GlobeNewswire News Room· 2024-10-01 20:15
MALVERN, Pa., Oct. 01, 2024 (GLOBE NEWSWIRE) -- CubeSmart (NYSE: CUBE) today announced that the Company will release financial results for the three-month period ended September 30, 2024 after the market close on Thursday, October 31, 2024. An accompanying conference call will be held at 11:00 a.m. ET on Friday, November 1, 2024. A live webcast of the conference call will be available online from the investor relations page of the Company's corporate website at investors.cubesmart.com. Telephone participant ...
CubeSmart(CUBE) - 2024 Q2 - Quarterly Results
2024-09-09 20:06
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of report (Date of earliest event reported): September 9, 2024 CUBESMART CUBESMART, L.P. (Exact Name of Registrant as Specified in Its Charter) Maryland (CubeSmart) 001-32324 20-1024732 Delaware (CubeSmart, L.P.) 000-54462 34-1837021 (State or Other Jurisdiction of Incorporation) (Commission File Number) (IRS Employer Identification No.) 5 ...
The 3 Best REITs to Buy in August 2024
Investor Place· 2024-08-08 11:47
In recent years, real estate investment trusts (REITs) have notably underperformed compared to broader market indices, largely due to elevated interest rates. High interest rates place significant pressure on REIT share prices for two primary reasons. Firstly, REITs often rely on debt to finance growth, and with borrowing costs rising, their interest expenses have surged. Secondly, the allure of fixed-income securities, such as Treasury bills, has increased as investors seek safer, more predictable returns ...
CubeSmart(CUBE) - 2024 Q2 - Quarterly Report
2024-08-02 20:22
Table of Contents sts UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark one) ☑ Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended June 30, 2024. or ☐ Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to . Commission file number: 001-32324 (CubeSmart) 000-54462 (CubeSmart, L.P.) CUBESMART CUBESMART, L.P. (Exact Name of Registrant as Sp ...
CubeSmart(CUBE) - 2024 Q2 - Earnings Call Transcript
2024-08-02 18:22
CubeSmart (NYSE:CUBE) Q2 2024 Earnings Conference Call August 2, 2024 11:00 AM ET Company Participants Josh Schutzer - Vice President of Finance Christopher Marr - President and Chief Executive Officer Timothy Martin - Chief Financial Officer Conference Call Participants Spenser Allaway - Green Street Advisors Sanket Agrawal - Evercore ISI Nick Joseph - Citigroup Michael Goldsmith - UBS Eric Luebchow - Wells Fargo Robin Haneland - BMO Capital Markets Todd Thomas - KeyBanc Capital Markets Brendan Lynch - Bar ...
CubeSmart (CUBE) Meets Q2 FFO Estimates
ZACKS· 2024-08-01 23:05
CubeSmart (CUBE) came out with quarterly funds from operations (FFO) of $0.64 per share, in line with the Zacks Consensus Estimate. This compares to FFO of $0.66 per share a year ago. These figures are adjusted for non-recurring items. A quarter ago, it was expected that this self-storage company would post FFO of $0.64 per share when it actually produced FFO of $0.64, delivering no surprise. Over the last four quarters, the company has surpassed consensus FFO estimates two times. CubeSmart, which belongs t ...