CubeSmart slides show 2025 same-store NOI down 1.1% year to date; full-year outlook shown
CubeSmart furnished a January 2026 investor presentation under Item 2.02 and Item 7.01, with no new full-year results or new guidance in the filing. The slides show same-store revenue down 0.6% and same-store NOI down 1.1% for the year through September 30, 2025, with the full-year outlook still calling for same-store NOI to decline between 0.75% and 1.75%.
Key points
- Year to date through September 30, 2025: same-store revenue down 0.6%, same-store expenses up 0.7%, same-store NOI down 1.1%
- Full-year 2025 outlook: same-store NOI growth of (1.75%) to (0.75%); FFO, as adjusted, of $2.56 to $2.60 per share
- Third-quarter 2025 FFO, as adjusted, of $0.65 per share
- Bought the remaining 80% interest in the HVP IV joint venture for $452.8 million, including $44.4 million to repay debt, in February 2025
The filing
Written by AI on Nov 8, 2026, 12:56 AM ET, from this filing 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 January 07, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.