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AI brief of an SEC Form 8-K · CubeSmart (CUBE)

CubeSmart Q1 2026 EPS falls to $0.36 as same-store NOI drops 1.5%

Mixed Impact 3 of 5 earnings Written later

CubeSmart reported first-quarter 2026 results on April 30, 2026. Diluted EPS was $0.36, down from $0.39 a year earlier, and FFO, as adjusted, per diluted share was $0.63, down 1.6% from $0.64, while total revenue rose to $281.9 million from $273.0 million. The company also issued 2026 guidance of $1.55 to $1.63 in diluted EPS and $2.52 to $2.60 in FFO, as adjusted, per diluted share, but the filing does not state the prior guidance figures for comparison.

Key points

  • Diluted EPS was $0.36 versus $0.39 a year earlier; net income attributable to common shareholders was $82.9 million versus $89.2 million.
  • Same-store NOI fell 1.5% as same-store revenue rose 0.6% and same-store operating expenses rose 5.8%; period-end occupancy was 89.3% versus 89.6%.
  • The company repurchased 0.9 million shares for $33.4 million and paid a $0.53 quarterly dividend on April 15, 2026.
  • 2026 guidance: diluted EPS of $1.55 to $1.63 and FFO, as adjusted, per diluted share of $2.52 to $2.60.

The filing

CompanyCubeSmart (CUBE)
Form8-K, current report
Filed with the SECMay 1, 2026, 7:22 AM ET
Accession number0001298675-26-000015

Items reported: 2.02 Results of Operations7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

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 May 01, 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.