MALVERN, Pa., July 01, 2024 (GLOBE NEWSWIRE) -- CubeSmart (NYSE: CUBE) today announced that the Company will release financial results for the three-month period ended June 30, 2024 after the market close on Thursday, August 1, 2024. An accompanying conference call will be held at 11:00 a.m. ET on Friday, August 2, 2024. A live webcast of the conference call will be available online from the investor relations page of the Company's corporate website at www.cubesmart.com. Telephone participants may join on t ...

FORM 8-K CUBESMART CUBESMART, L.P. (Exact Name of Registrant as Specified in Its Charter) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐ Pre-commencement communications pu ...

MALVERN, Pa., May 21, 2024 (GLOBE NEWSWIRE) -- CubeSmart (NYSE: CUBE) announced today that its Board of Trustees declared a quarterly dividend of $0.51 per common share for the period ending June 30, 2024. The dividend is payable on July 15, 2024 to common shareholders of record on July 1, 2024. The Company's mission is to simplify the organizational and logistical challenges created by the many life events and business needs of its customers through innovative solutions, unparalleled service, and genuine c ...

imaginima A common theme of research on REITer’s Digest is that REITs come in all shapes and sizes. There are REITs, both big and small, that invest in a whole ecosystem of asset classes. Many even specialize in specific subcategories of property types. Today, we are going to dive into one of only a handful of companies operating in the self-storage industry. We will discuss CubeSmart (NYSE:CUBE) and the self-storage market at large. CubeSmart recently reported earnings for the first quarter. After seve ...

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. SIGNATURES OF REGISTRANT CUBESMART, L.P. (Registrant) Date:April26,2024 /s/ Timothy M. Martin Timothy M. Martin, Chief Financial Officer (Principal Financial Officer) Date:April26,2024 CUBESMART, L.P. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CASH FLOWS (in thousands) (unaudited) 17 During the three months ended March 31, 2 ...

财务数据和关键指标变化 - 第一季度同店收入保持平稳,同店平均出租率下降约130个基点至90.4% [26] - 同店运营费用增长5%,主要受到物业保险和降雪成本的持续压力 [26] - 同店NOI增长-1.9%,FFO每股为0.64美元,处于指引中值 [27][28] 各条业务线数据和关键指标变化 - 第三方管理业务在第一季度创下新纪录,新增68家物业,总管理物业达860家 [30] 各个市场数据和关键指标变化 - 城市市场如纽约大都市区、芝加哥和波士顿的租赁量同比增长,而亚特兰大和佛罗里达主要市场则出现下降 [12][13][14] - 一些受供给影响的市场如北弗吉尼亚和纳什维尔开始显示稳定迹象 [13] - 凤凰城正在转好,租赁量和出租率同比增长,但租金水平仍低于2023年水平,而图森市则持续受到新供给的影响 [14] - 纽约市场整体表现良好,各区域和郊区的表现各有不同 [15] 公司战略和发展方向及行业竞争 - 公司继续保持谨慎的外部收购策略,关注能为公司带来价值的机会 [29] - 第三方管理业务保持强劲增长,公司认为在经营环境不佳时期,该业务能为公司带来更多价值 [119][120] - 行业整体供给持续下降,但仍有一些市场受到新供给的影响 [23][98][99] 管理层对经营环境和未来前景的评论 - 第一季度表现符合预期,但未来3个月的表现将对全年产生重大影响 [16][51] - 宏观经济数据波动较大,消费需求存在不确定性,但公司业务具有韧性,各类生活事件都可能带来需求 [17][18][19][20][50] - 房地产市场数据也存在较大波动,但整体预计将有温和改善 [19][20] - 公司保持对长期增长前景的信心,将继续专注于提升客户体验和收益最大化 [153][154] 问答环节重要的提问和回答 问题1 **Spenser Allaway 提问** 询问新客户租金趋势 [35] **Christopher Marr 回答** 4月新客户租金同比下降11%,较一季度末的13%有所改善 [36] 问题2 **Michael Goldsmith 提问** 询问需求趋势 [42] **Christopher Marr 回答** 城市市场需求保持强劲,而部分阳光地带市场需求有所下降 [43][44] 问题3 **Samir Khanal 提问** 询问指引中高端情景的假设 [49] **Christopher Marr 回答** 房地产市场只是众多需求驱动因素之一,公司将专注于提升运营效率和客户体验 [50]

财务表现 - CubeSmart (CUBE)在本季度的FFO为每股0.64美元，与Zacks Consensus Estimate一致[1] - CubeSmart在过去四个季度中两次超过了FFO预期[2] - CubeSmart本季度的营收为2.6141亿美元，超过了Zacks Consensus Estimate 1.32%[3]

财务数据和关键指标变化 - 2023年第四季度同店NOI增长1.2%,同店收入增长0.4%,同店租金每平方英尺增长1.8%,但同店入住率下降110个基点 [14][15] - 2023年第四季度FFO每股调整后为0.70美元,同比增长4.5% [15] - 公司宣布将季度股息增加4.1%至年化2.04美元每股,在2023年3月1日收盘时股息收益率为4.7% [16] 各条业务线数据和关键指标变化 - 公司在第四季度收购了1处储存设施,总投资2200万美元 [16] - 公司部分开放了1处合资开发的储存设施,并新增43处第三方管理储存设施,全年新增167处第三方管理储存设施,年末第三方管理储存设施总数达795处 [16] 各个市场数据和关键指标变化 - 纽约市场表现强劲,成为公司增长最快的市场 [9] - 阳光地带市场增长放缓,主要受到房地产市场低迷和新增供给的影响,而城市市场表现相对稳定 [9] 公司战略和发展方向及行业竞争 - 公司投资级别的资产负债表状况良好,无重大到期债务,浮动利率债务敞口很小,有较大的杠杆能力,可以在吸引力的收购机会出现时进行交易 [11][17] - 交易市场较为冷清,近期利率上升使资本成本较高,买卖双方预期存在一定差距 [10] - 公司将继续专注于内部发展机会,如改建和开发项目,同时也会关注合适的收购机会 [95] 管理层对经营环境和未来前景的评论 - 2023年前三季度经营趋势波动较大,第四季度趋于稳定,但新客户价格敏感度仍较高 [8] - 现有客户表现良好,入住时长较长,接受租金上调,信用指标与疫情前水平一致 [9] - 2024年同店收入指引中值假设房地产市场有小幅改善,但仍低于历史水平,同店收入和入住率将在秋季达到平价,之后略有改善 [20][21] - 2024年同店费用指引5.5%-7%增长,主要受房地产税、保险和雪季费用上升的影响 [23][24][25][26] 问答环节重要的提问和回答 问题1 **Kassandra Fieber 提问** 公司2023年收购活动较为平静,2024年指引中包括100-200百万美元的收购预期,公司对收购市场的看法如何? [31][32][33] **Tim Martin 回答** 目前市场上可收购的资产较少,但公司团队随时准备把握合适的收购机会。公司财务状况良好,有足够的资本实力进行收购,但会保持谨慎,等待合适的时机和资产 [32][33] 问题2 **Eric Wolfe 提问** 公司在给予新客户优惠折扣时,通常需要多长时间才能将其转化为全价客户?不同优惠方式的客户质量有何差异? [37][38][39] **Chris Marr 回答** 免租第一个月的客户通常质量较低,租期较短,信用较差。而网上优惠折扣客户,转化为全价客户的时间因客户而异,通常4-6个月不等,取决于具体情况 [38][39] 问题3 **Elizabeth Doykan 提问** 公司在阳光地带市场,尤其是佛罗里达市场的表现如何?现有客户对ECRI项目的反应如何? [46][47][48] **Chris Marr 回答** 阳光地带市场相比城市市场波动性更大,更依赖房地产市场,受新增供给影响也更大。但现有客户的反应和其他地区无异,接受ECRI项目的情况良好 [47][48]

CubeSmart (CUBE) reported $265.13 million in revenue for the quarter ended December 2023, representing a year-over-year increase of 1.6%. EPS of $0.70 for the same period compares to $0.36 a year ago.The reported revenue represents a surprise of +0.68% over the Zacks Consensus Estimate of $263.34 million. With the consensus EPS estimate being $0.68, the EPS surprise was +2.94%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determi ...

Investors with an interest in REIT and Equity Trust - Other stocks have likely encountered both Gladstone Commercial (GOOD) and CubeSmart (CUBE) . But which of these two stocks offers value investors a better bang for their buck right now? We'll need to take a closer look.We have found that the best way to discover great value opportunities is to pair a strong Zacks Rank with a great grade in the Value category of our Style Scores system. The proven Zacks Rank emphasizes companies with positive estimate rev ...