CubeSmart same-store NOI down 1.1% year to date; 2026 FFO outlook $2.54 to $2.60
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.
Key points
- 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
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 September 14, 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.