CubeSmart YTD same-store revenue falls 0.4%; 2025 FFO outlook $2.54 to $2.60 per share
CubeSmart furnished a September 2025 investor presentation under Items 2.02 and 7.01 of its Form 8-K. The deck shows year-to-date same-store revenue down 0.4%, same-store net operating income down 0.9%, and second-quarter 2025 FFO, as adjusted, of $0.65 per share. It also restates full-year 2025 guidance, which the filing does not compare with prior guidance.
Key points
- Year-to-date same-store revenue growth of (0.4)%, same-store expense growth of 0.9%, and same-store NOI growth of (0.9)%
- 2Q25 FFO, as adjusted, of $0.65 per share
- Full-year 2025 outlook: same-store revenue growth of (1.25%) to (0.25)%, and FFO, as adjusted, of $2.54 to $2.60 per share
- Acquired the remaining 80% interest in the HVP IV joint venture for $452.8 million, including $44.4 million to repay debt; issued $450.0 million of 5.125% senior unsecured notes due 2035 on August 20
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 12:56 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on September 08, 2025.
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.