Core Viewpoint - CubeSmart reported stable operating fundamentals with modest improvements in seasonal performance compared to the previous year, driven by reduced new supply and better pricing strategies for new customers [2][3]. Financial Results - Net income attributable to common shareholders for Q2 2025 was $83.0 million, down from $94.0 million in Q2 2024, with diluted EPS decreasing to $0.36 from $0.41 [3][8]. - Adjusted FFO for Q2 2025 was $148.9 million, slightly up from $146.0 million in Q2 2024, with FFO per diluted share increasing by 1.6% to $0.65 [4][40]. Investment Activity - No acquisitions were made in Q2 2025, but the company acquired an 80% interest in HVP IV for $452.8 million, which included repayment of $44.4 million of existing debt [5][6]. - The company has two joint venture development properties under construction, with a total anticipated investment of $36.9 million, of which $27.0 million has been invested as of June 30, 2025 [6]. Same-Store Results - The same-store portfolio included 606 stores with a net operating income (NOI) decrease of 1.1% year-over-year, attributed to a 0.5% decline in revenues and a 1.2% rise in operating expenses [8][9]. - Same-store occupancy averaged 90.6% during the quarter, ending at 91.1%, compared to 91.8% in the previous year [9][41]. Operating Results - Total consolidated portfolio as of June 30, 2025, included 659 stores with 48.1 million rentable square feet and a physical occupancy of 90.8% [10][11]. - Total revenues increased by $16.1 million, while property operating expenses rose by $5.9 million compared to Q2 2024, primarily due to acquisitions and new developments [11][12]. Financing Activity - Interest expense increased to $29.1 million in Q2 2025 from $22.8 million in Q2 2024, driven by a higher average outstanding debt balance and increased interest rates [12][13]. Quarterly Dividend - A quarterly dividend of $0.52 per common share was declared on May 20, 2025, and paid on July 15, 2025 [14]. 2025 Financial Outlook - The company estimates fully diluted EPS for 2025 to be between $1.44 and $1.50, and adjusted FFO per share to be between $2.54 and $2.60 [15][16].

Company Overview - CubeSmart is a self-administered and self-managed real estate investment trust (REIT) that owns or manages 1,523 self-storage properties across the United States [1] - According to the 2025 Self Storage Almanac, CubeSmart ranks as one of the top three owners and operators of self-storage properties in the U.S. [1] Dividend Announcement - The Board of Trustees of CubeSmart declared a quarterly dividend of $0.52 per common share for the period ending September 30, 2025 [1] - This dividend is payable on October 15, 2025, to common shareholders of record on October 1, 2025 [1] Mission and Services - The company's mission is to simplify organizational and logistical challenges for customers through innovative solutions, unparalleled service, and genuine care [2] - CubeSmart's self-storage properties are designed to provide affordable, easily accessible, and, in many locations, climate-controlled storage space for both residential and commercial customers [2]

Group 1 - The article compares two stocks, DiamondRock Hospitality (DRH) and CubeSmart (CUBE), to determine which offers better value for investors [1] - DRH has a Zacks Rank of 2 (Buy), indicating a stronger earnings outlook compared to CUBE, which has a Zacks Rank of 3 (Hold) [3][7] - Value investors typically consider various traditional metrics to identify undervalued stocks, beyond just earnings outlook [3] Group 2 - The Value category of the Style Scores system evaluates companies based on key metrics such as P/E ratio, P/S ratio, earnings yield, and cash flow per share [4] - DRH has a forward P/E ratio of 8.03, significantly lower than CUBE's forward P/E of 15.85, suggesting DRH may be undervalued [5] - DRH's PEG ratio is 4.61, while CUBE's PEG ratio is 7.51, indicating DRH's expected earnings growth is more favorable [5] - DRH's P/B ratio is 1.07, compared to CUBE's P/B of 3.26, further supporting DRH's valuation as more attractive [6] - Based on these valuation metrics, DRH holds a Value grade of B, while CUBE has a Value grade of D [6]

Core Insights - Precision Global Corporation (PGC) has partnered with CubeSmart to manage four self-storage properties in Texas, highlighting PGC's growth and commitment to operational excellence [1][2] - CubeSmart officially took over management of these properties on July 25, 2025, marking a significant milestone in PGC's expansion in the self-storage sector [2] - The partnership aims to enhance customer experience and operational performance through CubeSmart's proven management model [3][4] Company Overview - Precision Global Corporation is a private equity firm focused on real estate investment and development, particularly in high-growth, income-producing assets like self-storage and RV parks [5] - CubeSmart, founded in 2004, is a publicly traded REIT and a leading operator in the self-storage industry, managing over 1,300 facilities across the U.S. [6]

Company Overview - CubeSmart is a self-administered and self-managed real estate investment trust (REIT) that owns or manages 1,532 self-storage properties across the United States [3] - According to the 2025 Self Storage Almanac, CubeSmart ranks as one of the top three owners and operators of self-storage properties in the U.S. [3] Financial Results Announcement - CubeSmart will release its financial results for the three-month period ended June 30, 2025, after the market close on Thursday, July 31, 2025 [1] - A conference call to discuss these results will be held at 11:00 a.m. ET on Friday, August 1, 2025 [1] Conference Call Details - A live webcast of the conference call will be available on the investor relations page of CubeSmart's corporate website [2] - Telephone participants can join the call by dialing 1 (800) 715-9871 with conference ID number 4783436 [2] - A telephonic replay of the call will be available through August 8, 2025, by dialing 1 (800) 770-2030 with the same conference ID number [2] Company Mission - CubeSmart's mission is to simplify the organizational and logistical challenges faced by customers through innovative solutions, unparalleled service, and genuine care [4] - The self-storage properties are designed to offer affordable, easily accessible, and, in most locations, climate-controlled storage space for both residential and commercial customers [4]

Company Overview - CubeSmart focuses on quality to drive long-term shareholder value through a sophisticated platform, best-in-class assets, and a strong balance sheet[34] - The company has a history of executing strategic objectives, including acquisitions and the launch of the SmartRental platform[12] Growth Strategies - CubeSmart aims to enhance its portfolio through strategic external growth opportunities, including high-quality acquisitions, development & lease-up projects, value-add joint ventures, and third-party management[45, 50] - Since 2018, CubeSmart has completed $1.6 billion in acquisitions from third-party management and focused on acquisitions in the top 25 MSAs[57, 58] - 100% of new development is in top 10 markets[60] Financial Performance & Returns - CubeSmart has demonstrated long-term growth in portfolio cash flows, as reflected in the growth of Funds From Operations (FFO), as adjusted per share[79, 80] - The company has a consistent history of dividend increases, with a +330% increase in annual dividend per share[81, 82] Environmental & Social Responsibility - CubeSmart has established environmental targets to reduce consumption and greenhouse gas emissions, achieving a 22.6% like-for-like reduction in Scope 1 & 2 GHG emissions through 2022[85] - In 2022, CubeSmart's stores produced 9.8 million kWh of renewable energy, a 25.6% increase from 2021[85] - In 2023, CubeSmart's annual Teammate Engagement Survey had an 92% response rate[89]

Company Overview - CubeSmart is a self-administered and self-managed real estate investment trust (REIT) that owns or manages 1,537 self-storage properties across the United States [1] - According to the 2025 Self Storage Almanac, CubeSmart ranks among the top three owners and operators of self-storage properties in the U.S. [1] Dividend Announcement - The Board of Trustees of CubeSmart declared a quarterly dividend of $0.52 per common share for the period ending June 30, 2025 [1] - This dividend is payable on July 15, 2025, to common shareholders of record on July 1, 2025 [1] Mission and Services - The company's mission is to simplify organizational and logistical challenges for customers through innovative solutions, unparalleled service, and genuine care [2] - CubeSmart's self-storage properties are designed to provide affordable, easily accessible, and, in many locations, climate-controlled storage space for both residential and commercial customers [2]

Group 1 - Albert Anthony is a Croatian-American media personality and analyst for financial media platforms Investing.com and Seeking Alpha, focusing on dividend stocks and general market commentary [1] - Since 2023, Albert Anthony has gained over 1,000 followers and has covered more than 200 companies across multiple sectors [1] - He has experience as an analyst in the IT sector and was part of the IT team at a top 10 financial firm in the US [1] Group 2 - Albert Anthony holds a B.A. from Drew University and has completed coursework through the Corporate Finance Institute and Coursera [1] - In 2025, he plans to launch a new book on Amazon discussing his methodology as an analyst and how he rates stocks [1] - The Albert Anthony brand is owned by Albert Anthony & Co., a sole proprietorship registered in Austin, Texas [1]

Group 1 - The investment approach has received over 500 five-star reviews, indicating high satisfaction among members who are experiencing benefits [1] - The company invests significant resources, over $100,000 annually, into researching profitable investment opportunities, particularly in real estate strategies [1] - Recent poor performance of REITs has led to a decline in investor interest, overshadowing their long-term rewarding potential [1] Group 2 - Jussi Askola leads the High Yield Landlord investing group, providing real-time updates on his REIT portfolio and transactions [2] - The group offers features such as three distinct portfolios (core, retirement, international), buy/sell alerts, and direct access to analysts for inquiries [2] - Jussi Askola is the President of Leonberg Capital, a value-oriented investment firm that consults various investment entities on REIT investing [2]

Financial Performance - Net income attributable to common shareholders for Q1 2025 was $89.2 million, down from $94.5 million in Q1 2024, with diluted EPS decreasing to $0.39 from $0.42[5] - Adjusted FFO for Q1 2025 was $148.1 million, slightly up from $146.4 million in Q1 2024, maintaining FFO per diluted share at $0.64 for both periods[6] - Total revenues for Q1 2025 were $273.036 million, an increase of 4.0% from $261.406 million in Q1 2024[43] - Net income attributable to the company for Q1 2025 was $89.197 million, compared to $94.527 million in Q1 2024, reflecting a decrease of 5.0%[43] - Same-store rental income decreased by 0.8% to $220.912 million in Q1 2025 from $222.739 million in Q1 2024[45] - Basic earnings per share attributable to common shareholders for Q1 2025 was $0.39, down from $0.42 in Q1 2024[43] - FFO attributable to the Company's common shareholders and third-party OP unitholders increased to $148.149 million from $146.409 million, showing a growth of about 1.2%[49] - Earnings per share attributable to common shareholders remained stable at $0.39 for both basic and diluted shares, compared to $0.42 in the previous year[49] Revenue and Expenses - Total revenues increased by $11.6 million, while property operating expenses rose by $5.9 million compared to Q1 2024, primarily due to acquisitions and new developments[14] - Interest expense increased to $26.1 million in Q1 2025 from $22.9 million in Q1 2024, attributed to a higher average outstanding debt balance and increased interest rates[15] - Interest expense on loans increased to $26.100 million in Q1 2025, compared to $22.919 million in Q1 2024[43] - Real estate depreciation and amortization for real property increased to $56.689 million from $49.249 million, a rise of approximately 15.1%[49] Occupancy and Property Performance - Same-store NOI decreased by 0.8% year-over-year, driven by a 0.4% decline in revenues and a 0.6% increase in operating expenses[12] - Same-store occupancy averaged 89.5% during the quarter, ending at 89.7%[9] - Period end occupancy for same-store properties was 89.7%, down from 90.3% in the prior year[45] - The company reported a gross margin of 71.5% for same-store results, slightly down from 71.7% in the previous year[45] - The company experienced a 10.4% increase in other property-related income, rising to $10.498 million from $9.507 million year-over-year[45] Assets and Liabilities - Total assets increased to $6.740 billion as of March 31, 2025, up from $6.394 billion as of December 31, 2024[41] - Total liabilities increased to $3.817 billion as of March 31, 2025, compared to $3.440 billion as of December 31, 2024[41] Dividends and Shareholder Returns - The company declared a quarterly dividend of $0.52 per common share, paid on April 15, 2025[17] - Dividends per common share and unit increased to $0.52 from $0.51, reflecting a growth of approximately 2.0%[49] - The payout ratio of FFO rose to 81.3% from 79.7%, indicating a higher proportion of FFO being distributed as dividends[49] Shareholder Metrics - Weighted average diluted shares outstanding increased to 229,169 from 226,575, representing an increase of about 0.7%[49] - Weighted average basic shares outstanding increased to 228,663 from 225,767, reflecting an increase of about 1.1%[49] Future Estimates - The company estimates 2025 diluted EPS to be between $1.41 and $1.49, and adjusted FFO per share to be between $2.51 and $2.59[20] Acquisitions and Investments - The company acquired the remaining 80% interest in the HVP IV portfolio for $452.8 million, which included $44.4 million to repay existing indebtedness[7] - The company has two joint venture development properties under construction, with a total anticipated investment of $36.9 million, of which $18.5 million has been invested as of March 31, 2025[8] Noncontrolling Interests - Net income attributable to noncontrolling interests in the Operating Partnership decreased to $453,000 from $541,000, a decline of approximately 16.2%[49] - The Company's share of unconsolidated real estate ventures decreased to $1.810 million from $2.092 million, a decline of about 13.5%[49]