MALVERN, Pa., Feb. 24, 2026 (GLOBE NEWSWIRE) -- CubeSmart (NYSE: CUBE) announced today that its Board of Trustees declared a quarterly dividend of $0.53 per common share for the period ending March 31, 2026. The dividend is payable on April 15, 2026 to common shareholders of record on April 1, 2026. About the Company CubeSmart is a self-administered and self-managed real estate investment trust. CubeSmart owns or manages 1,510 self-storage properties across the United States. According to the 2025 Self Sto ...

Storage Post Self Storage Adds Plainview Facility to Long Island Portfolio [Accessibility Statement] Skip NavigationNEW YORK, Feb. 24, 2026 /PRNewswire/ -- [Storage Post Self Storage], a leading self-storage company, today announced the acquisition of a [new self-storage facility in Plainview, New York], further extending its footprint across Long Island. The property is located at 150 Fairchild Avenue, Plainview, NY, and was formerly operated as a CubeSmart facility.Continue ReadingStorage Post PlainviewTh ...

Core Viewpoint - SmartStop Self Storage REIT, Inc. has successfully completed an amended and restated senior unsecured credit facility amounting to $500 million, enhancing its financial flexibility for growth in the U.S. and Canada [1] Financial Details - The new credit facility is led by a syndicate of banks including KeyBank National Association, Bank of Montreal, and JPMorgan Chase Bank, among others [1] - The facility features an accordion option allowing SmartStop to request an additional $1.1 billion in borrowing capacity [1] - Initial advances under the new facility have interest rates approximately 30 basis points lower than the previous revolving credit facility [1] Strategic Implications - The four-year term of the new facility includes a 12-month extension option, aligning borrowing capacity with long-term strategic plans [1] - The ability to borrow in both U.S. and Canadian dollars provides added versatility for portfolio expansion [1] Company Overview - SmartStop operates over 460 properties across 35 states, the District of Columbia, and Canada, totaling more than 270,000 units and over 35 million rentable square feet [1] - The company also manages 49 self-storage properties in Canada, comprising approximately 42,200 units and 4.3 million rentable square feet [1]

Core Viewpoint - Extra Space Storage (EXR) is expected to report a year-over-year revenue increase in its fourth-quarter 2025 results, with no change in funds from operations (FFO) per share [1][10]. Financial Performance - In the last reported quarter, EXR achieved an FFO per share of $2.08, exceeding the Zacks Consensus Estimate of $2.06, driven by increased revenues from higher occupancy [2]. - The Zacks Consensus Estimate for quarterly property rental revenues is $731.87 million, up from $707.23 million in the same period last year [4]. - The estimate for revenues from tenant insurance is projected at $88.44 million, an increase from $83.70 million year-over-year [4]. - Management fees and other income are expected to rise to $32.09 million from $30.97 million in the previous year [4]. - Overall, the Zacks Consensus Estimate for total quarterly revenues stands at $864.48 million, indicating a 5.18% year-over-year growth [5][10]. Market Position and Challenges - EXR operates in a fragmented market with significant competition, facing challenges from price-sensitive customers and lower new customer rates, which may impact earnings [5][10]. - The self-storage industry is characterized as need-based and resilient to economic downturns, benefiting from favorable demographic trends [3]. Analyst Sentiment - Over the past four quarters, EXR has beaten the Zacks Consensus Estimate three times, with an average surprise of 0.76% [3]. - However, the consensus estimate for core FFO per share has decreased to $2.03, indicating no change from the previous year [6]. - The current Earnings ESP for EXR is -1.61%, and it holds a Zacks Rank of 4 (Sell), suggesting limited potential for a positive earnings surprise this quarter [8].

Core Insights - Storage Post Self Storage has acquired a new self-storage facility in Nyack, NY, enhancing its presence in New York [1] - This acquisition marks Storage Post's second facility in Rockland County, indicating the company's ongoing growth strategy in the New York and New Jersey regions [1] - The transaction was facilitated by JLL Capital Markets, showcasing the collaboration between Storage Post and JLL in expanding their market footprint [1] Company Expansion - The new facility is located at 92 New York 59 and was previously operated by Go Store It, indicating a strategic acquisition of an existing property [1] - Jack Giannola, Director of Acquisitions at Storage Post, emphasized the consistent demand in Rockland County and the company's intent to better serve local residents and businesses [1] - The acquisition aligns with Storage Post's broader strategy of expanding through self-storage acquisitions and development across the East Coast and Midwest [1] JLL Capital Markets Role - JLL Capital Markets acted as the broker for the transaction, highlighting their expertise in providing capital solutions for real estate investors [1] - The group has over 3,000 Capital Markets specialists worldwide, indicating a strong global presence and capability in facilitating real estate transactions [1] - The smooth execution of the transaction reflects the effective collaboration between Storage Post and JLL, reinforcing their partnership in future expansions [1]

Core Viewpoint - Extra Space Storage Inc. has declared a first quarter 2026 dividend of $1.62 per share, payable on March 31, 2026, to stockholders of record as of March 16, 2026 [1]. Group 1: Company Overview - Extra Space Storage Inc. is headquartered in Salt Lake City and operates as a fully integrated, self-administered, and self-managed real estate investment trust (REIT) [1]. - The company is a member of the S&P 500 and is the largest operator of self-storage properties in the United States [1]. - As of September 30, 2025, Extra Space Storage owned and/or operated 4,238 self-storage properties, comprising approximately 2.9 million units and about 326.9 million square feet of rentable storage space [1]. Group 2: Services Offered - The company provides a wide selection of conveniently located and secure storage units across the country, including options for boat storage, RV storage, and business storage [1].

Leadership Transition - Longtime Chairman Ron Havner is stepping down after 15 years but will remain a trustee, while John Reyes is retiring from the board [1] - Tom Boyle has been promoted to CEO and trustee, with Joe Fisher appointed as President and CFO [2][6] - Shankh Mitra has been appointed as Chairman, demonstrating confidence in the company's future through significant option purchases [1][6] Financial Performance - Q4 core FFO was $4.26 per share, and full-year 2025 core FFO was $16.97, at the high end of guidance [4][13] - Same-store revenue and NOI showed modest declines of 0.2% and 1.5%, respectively, while non-same-store NOI rose approximately 20% [4][14] - Initial 2026 core FFO guidance is set at $16.35 to $17.00 per share, indicating a potential decline of about 1.7% year-over-year [4][17] PS 4.0 Strategy - The company introduced "PS 4.0," focusing on a tech-driven omni-channel platform, acquisitions, and a performance-based incentive program [5][10] - Significant investments include a $600 million portfolio modernization and $12 billion for portfolio expansion [5][9] - The strategy aims to enhance customer experience through AI and data science, targeting organic growth acceleration [11][12] Market Position and Outlook - Public Storage led the sector in same-store revenue growth, NOI growth, and NOI margins from 2023 to 2025, achieving 18.6% total shareholder returns [7] - The company is optimistic about future acquisitions, having underwritten approximately $7 billion in potential acquisitions for 2025 [20] - Management anticipates that the move-in environment may improve throughout 2026, despite initial challenges [21] Operational Efficiency - The company reported a strong liquidity position with $1.8 billion available and approximately $600 million in annual free cash flow [16] - Expense growth was contained, with same-store expenses up 4.2%, while non-same-store NOI growth contributed to a year-over-year increase in core FFO per share [14][16] - Ongoing corporate transformation costs are expected to range from $15 million to $20 million, with anticipated benefits from automation and offshoring [24]

1 4Q25 Earnings & 2026 Guidance Presentation including Leadership Announcements and PS4.0 Introduction Public Storage Executive Speakers Tom Boyle CEO Effective April 1st Joe Fisher President & CFO Effective February 16th 2 Joe Russell President & CEO Retiring March 31st Key Takeaways | Looking Back on Our Success | Industry leadership in Operations, Core FFO growth, and Total Shareholder return – A great foundation for future success | | --- | --- | | Self-Storage Industry Outlook | Strong long-term outloo ...

Core Insights - Public Storage (PSA) reported Q4 2025 core funds from operations (FFO) per share of $4.26, exceeding the Zacks Consensus Estimate of $4.21, marking a 1.2% year-over-year increase [1] - The company announced its 2026 outlook, projecting core FFO per share in the range of $16.35-$17.00, with expectations of modest same-store softness offset by contributions from acquisitions and development [11][12] Financial Performance - Q4 revenues reached $1.22 billion, surpassing the Zacks Consensus Estimate of $1.21 billion, and increased by 3.3% year over year [2] - For the full year 2025, PSA reported core FFO per share of $16.97, up 1.8% from $16.67 in 2024, with total revenues of $4.82 billion, reflecting a 2.7% year-over-year increase [2] Operational Highlights - Same-store revenues slightly declined by 0.2% year over year to $936.2 million in Q4, with a 0.2% increase in realized annual rental income per occupied square foot to $22.53, while occupancy decreased [4] - PSA's same-store net operating income (NOI) fell by 1.5% year over year to $703.7 million, with a same-store NOI margin of 78.4%, down 0.8% from the previous year [5] Strategic Initiatives - PSA launched PS4.0, a strategic initiative aimed at leadership transition and long-term value creation, with Tom Boyle set to succeed Joe Russell as CEO on April 1, 2026 [3] - The PS4.0 strategy focuses on enhancing customer experience, improving margins, and driving sustainable shareholder value [3] Portfolio Activity - In Q4, PSA acquired 13 self-storage facilities for $131 million, adding 0.9 million net rentable square feet, and completed development projects adding approximately 1.0 million net rentable square feet at a cost of around $140 million [6] - As of December 31, 2025, PSA had 606 acquisition, development, and expansion properties totaling 54.1 million rentable square feet, accounting for about 24% of its total portfolio space [5] Balance Sheet and Liquidity - PSA ended Q4 2025 with a strong liquidity position of $2.4 billion, with total indebtedness of $10.3 billion and a weighted average interest rate on total debt of approximately 3.2% [10] 2026 Guidance - The company anticipates a 2.2% decline to flat same-store revenue growth and a same-store expense increase of 1.5%-2.8% for 2026, with same-store NOI expected to fall by 3.9% to 0.5% [11][12]

Core Insights - StorageVault Canada Inc. reported a 10% increase in revenue for 2025, reaching $335.1 million, and a 9.5% increase in net operating income (NOI) to $220.7 million, driven by strong same-store performance [2][3] - The company achieved a 5.8% growth in adjusted funds from operations (AFFO) per share, indicating solid operational performance [2][3] - For 2026, StorageVault anticipates continued growth in revenue, NOI, and AFFO, with plans to complete over $100 million in acquisitions and expand its footprint by 165,000 square feet [1][2] Financial Performance - Revenue increased from $304.7 million in 2024 to $335.1 million in 2025, marking a 10% growth [2] - NOI grew from $201.6 million in 2024 to $220.7 million in 2025, a 9.5% increase [2] - Cash flow from operations rose to $105.7 million from $100.9 million year-over-year [2] - The net loss for 2025 was $12.5 million, an improvement from a net loss of $30.2 million in 2024, influenced by non-cash items [2][6] Operational Highlights - Same-store revenue and NOI growth were 4.1% and 4.3%, respectively, compared to the previous year [3] - Funds from operations (FFO) increased by 3.7% year-over-year, reaching $82.5 million in 2025 [3] - AFFO also saw a 3.7% increase, totaling $90.5 million for the year [3] Future Outlook - The company expects to generate an additional $8.9 million in NOI annually from recently acquired and renovated properties as they stabilize over the next three years [4] - StorageVault aims to maintain its position as Canada's leading storage provider by enhancing its service offerings and expanding its market presence [1][10] Dividend Announcement - StorageVault announced a 0.5% increase in its Q1 2026 dividend to $0.003006 per common share [9] Company Strategy - The company focuses on owning and operating storage facilities in top Canadian markets, leveraging a multi-platform approach that includes portable storage and logistics services [10][19] - Growth strategies include acquisitions, organic performance improvements, and targeted expansions to meet demand [10]