Brief: CubeSmart Q2 EPS USD 0.36

CubeSmart

31/07/2025 21:15

Overview

CubeSmart Q2 net income falls to $83 mln, EPS declines to $0.36

Adjusted FFO per diluted share rises 1.6% to $0.65

Same-store NOI decreases 1.1% due to lower revenues, higher expenses

Outlook

CubeSmart estimates 2025 diluted EPS between $1.44 and $1.50

Company expects 2025 FFO per share between $2.54 and $2.60

CubeSmart sees same-store NOI growth between -2.75% and -1.25%

Result Drivers

STABILIZING FUNDAMENTALS - CEO Christopher Marr attributes performance to stabilizing fundamentals with reduced impact from new supply and improved seasonal pricing

OCCUPANCY LEVELS - Same-store occupancy averaged 90.6% during the quarter, ending at 91.1%

THIRD-PARTY EXPANSION - Added 30 stores to third-party management platform, totaling 873 stores

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Rental income
$239.56 mln
Q2 EPS
$0.36
Q2 Net Income
$82.43 mln
Q2 Adjusted FFO
$148.90 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 7 "strong buy" or "buy", 12 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the specialized reits peer group is "buy."

Wall Street's median 12-month price target for CubeSmart is $47.00, about 12.5% above its July 30 closing price of $41.12

The stock recently traded at 26 times the next 12-month earnings vs. a P/E of 27 three months ago

Press Release: ID:nGNX9nH3S7

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)