CubeSmart reports results for the quarter ended March 31 - Earnings Summary
02/05/2025 05:09
CubeSmart CUBE.N reported quarterly adjusted earnings of 39 cents per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of 42 cents. The mean expectation of seven analysts for the quarter was for earnings of 38 cents per share. Wall Street expected results to range from 36 cents to 40 cents per share. Revenue rose 4.4% to $273.04 million from a year ago; analysts expected $264.82 million. CubeSmart's reported EPS for the quarter was 39 cents. The company reported quarterly net income of $89.2 million. CubeSmart shares had fallen by 4.8% this quarter and lost 5.1% so far this year. FORECAST CHANGES The mean earnings estimate of analysts had fallen by about 4% in the last three months. In the last 30 days, one analyst negatively revised an earnings estimate RECOMMENDATIONS The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 4 "strong buy" or "buy," 14 "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 $47.00 This summary was machine generated from LSEG data May 2 at 04:08 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 |
| Mar. 31 2025 | 0.63 | 0.64 | Beat |
| Dec. 31 2024 | 0.68 | 0.68 | Met |
| Sep. 30 2024 | 0.67 | 0.67 | Met |
| Jun. 30 2024 | 0.64 | 0.64 | Met |