CubeSmart Reports Second Quarter 2026 Results
CubeSmart reported Q2 diluted EPS of $0.39, up from $0.36 a year ago, with same-store revenue growing 0.8% while same-store NOI dipped 0.7% due to higher operating expenses. Management raised full-year 2026 guidance, projecting FFO between $2.54 and $2.60 per share and EPS between $1.58 and $1.64, driven by improved expectations for same-store revenue and NOI.
Key figures
- Eps
- 0.39
- Revenue
- 286486000
- Guidance
- FY26 EPS $1.58-$1.64 (raised); FY26 FFO $2.54-$2.60 (raised)
- Revenue Yoy
- 0.8%
- Ffo
- 0.63
- Ffo yoy
- -3.1%
- Occupancy
- 91.0%
- Buyback cost
- 42500000
- Jv deal value
- 197000000
- Buyback shares
- 1100000
- Credit facility size
- 1000000000
- Same store noi growth
- -0.7%
- Same store revenue growth
- 0.8%
AI analysis
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