CubeSmart reports results for the quarter ended December 31 - Earnings Summary
01/03/2025 24:31
CubeSmart CUBE.N reported quarterly adjusted earnings of 45 cents per share for the quarter ended December 31, lower than the same quarter last year, when the company reported EPS of 50 cents. The mean expectation of eight analysts for the quarter was for earnings of 46 cents per share. Wall Street expected results to range from 45 cents to 46 cents per share. Revenue rose 16.4% to $267.73 million from a year ago; analysts expected $266.40 million. CubeSmart's reported EPS for the quarter was 45 cents. The company reported quarterly net income of $101.89 million. CubeSmart shares had fallen by 0.7% this quarter. FORECAST CHANGES The mean earnings estimate of analysts had risen by about 0.1% in the last three months. In the last 30 days, there have been no negative revisions of earnings estimates RECOMMENDATIONS The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 4 "strong buy" or "buy," 13 "hold" and no "sell" or "strong sell." The average consensus recommendation for the specialized reits peer group is also "hold" Wall Street's median 12-month price target for CubeSmart is $48.00 This summary was machine generated from LSEG data March 1 at 12:30 a.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)
| QUARTER ENDING | ESTIMATE | ACTUAL | BEAT, MET, MISSED |
| Dec. 31 2024 | 0.68 | 0.68 | Met |
| Sep. 30 2024 | 0.67 | 0.67 | Met |
| Jun. 30 2024 | 0.64 | 0.64 | Met |
| Mar. 31 2024 | 0.65 | 0.64 | Missed |