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Broke on Nov 06, 2026 · measured target $50.82 (+13%). Details →
Oct 30, 7:23 AM ET
CubeSmart announced its third quarter 2026 operating results, reporting diluted earnings per share of $0.42 and adjusted funds from operations of $0.66 per diluted share. Driven by strong year-to-date performance, the company raised its full-year same-store and FFO guidance ranges for shareholders.
- Diluted EPS attributable to common shareholders was $0.42 for the third quarter of 2026, compared to $0.36 in the third quarter of 2025.
- Same-store net operating income increased 2.1% year over year to $172.6 million for the third quarter.
- The company repurchased 2.1 million common shares for $83.9 million during the quarter at an average price of $39.09 per share.
- Full-year diluted FFO per share, as adjusted, is now estimated to be between $2.58 and $2.60.
Read the filing on SEC.gov ↗
Oct 29, 4:36 PM ET
CubeSmart and its operating partnership entered into a $300 million unsecured term loan with PNC Bank as administrative agent, fully funded at closing. Proceeds were used to repay amounts drawn under the company's unsecured revolving credit facility, which adds term debt maturing in January 2031 in place of revolver borrowings.
- Term loan of $300 million dated October 26, 2026, matures January 10, 2031, with a one-time option to extend one year for an extension fee of 0.125%
- Priced at 0.800% over daily simple SOFR, with no SOFR floor, based on credit ratings and leverage as of June 30, 2026
- Lenders may provide additional term loans bringing total borrowings under the facility to up to $1.0 billion, but no lender is obligated to do so
- Loan includes leverage and fixed charge coverage covenants; the company and operating partnership are jointly and severally obligated
Read the filing on SEC.gov ↗
Sep 14, 4:32 PM ET
CubeSmart filed an investor presentation with its 8-K that shows year-to-date 2026 same-store results through June 30, 2026, including revenue growth of 0.7%, expense growth of 5.1%, and a 1.1% decline in same-store net operating income. The full-year 2026 outlook shown was last updated in the July 30, 2026 earnings release, and the filing does not state a new change to it. The deck also reports second-quarter FFO, as adjusted, of $0.63 per share and share repurchases of 2.0 million shares for $75.8 million.
- Q2 2026 FFO, as adjusted, per share: $0.63
- Year-to-date same-store revenue growth 0.7%, expense growth 5.1%, NOI growth (1.1)%
- 2026 full-year outlook (last updated July 30, 2026): same-store NOI growth (1.00%) to 0.25%; FFO, as adjusted, per share $2.54 to $2.60
- Repurchased 2.0 million common shares for $75.8 million at an average of $37.90 per share
Read the filing on SEC.gov ↗
Jul 31, 7:37 AM ET
CubeSmart reported second-quarter 2026 results, with diluted EPS rising to $0.39 from $0.36 a year earlier while FFO, as adjusted, per diluted share fell 3.1% to $0.63. The company said the midpoints of its same-store revenue, same-store NOI and FFO guidance ranges increased, and it set 2026 EPS guidance of $1.58 to $1.64 and FFO, as adjusted, per share guidance of $2.54 to $2.60. The company also agreed to form a Heitman joint venture for 15 stores valued at $197.0 million, expected to close in the fourth quarter of 2026.
- Q2 2026 total revenues rose to $286.5 million from $282.3 million, and same-store NOI fell 0.7% year over year
- Diluted EPS was $0.39 versus $0.36; FFO, as adjusted, totaled $143.1 million versus $148.9 million
- 2026 guidance: diluted EPS of $1.58 to $1.64 and FFO, as adjusted, per diluted share of $2.54 to $2.60
- Repurchased 1.1 million shares for $42.5 million; revolving credit facility increased from $850 million to $1 billion and extended to June 2030
Read the filing on SEC.gov ↗
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.