CubeSmart earnings matched, revenue topped estimates

CubeSmart (CUBE) reported Q3 2026 earnings with same-store NOI turning positive. Move-in rates improved but Q4 revenue growth guidance suggests slight deceleration. CEO Christopher Marr expects continued rent growth and market share gains. CFO Timothy Martin noted capital markets volatility and property tax appeals as uncertainties. The company remains optimistic about acquisitions and share repurchases.

CubeSmart (CUBE) reported Q3 2026 earnings with same-store revenue growth of 1.9%, driven by occupancy and rate increases. Expenses grew 1.3%, resulting in 2.1% NOI growth. The company raised full-year revenue guidance to 1%-1.4% and expects expense growth to moderate. CubeSmart accelerated share repurchases and closed a $300M term loan, demonstrating capital allocation flexibility. AI is seen as a business tailwind, enhancing revenue and efficiency.

CubeSmart reported Q3 adjusted FFO per share of $0.66, meeting guidance. It raised full-year same-store revenue growth outlook to 1-1.4% and lowered expense growth outlook to 2.8-3.8%. The company repurchased 2.1M shares and expects a joint venture to close in Q4, generating $170M in proceeds. Management remains optimistic about 2027.

CubeSmart (CUBE) filed an SEC Form 8-K — Results of Operations and Financial Condition. ​ ​ ​ Exhibit 99.1 Earnings Release ​ ​ ​ CubeSmart Reports Third Quarter 2026 Results ​ MALVERN, PA -- (Globe Newswire) – October 29, 2026 -- CubeSmart (NYSE: CUBE) today announced its operating results for the three and nine months ended September 30, 2026 . “Third quarter resu

CubeSmart (CUBE) reported Q3 funds from operations of $150.3M, or 66 cents per share, beating analyst estimates of 65 cents. Revenue was $294M, exceeding forecasts of $290.6M. The REIT expects full-year funds from operations between $2.54 and $2.60 per share.

CubeSmart (CUBE) reported Q3 2026 results with diluted EPS of $0.42 and FFO per share of $0.66. Same-store NOI rose 2.1% YoY, driven by 1.9% revenue growth. Occupancy ended at 89.9%. The company repurchased 2.1M shares and added 32 managed stores. Full-year guidance was updated, reflecting improved performance.