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CubeSmart
NYSE:CUBE

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CubeSmart
NYSE:CUBE
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Price: 41.945 USD 0.25% Market Closed
Market Cap: $9.5B

CubeSmart
Investor Relations

CubeSmart is a self-storage real estate company. It owns and operates storage facilities where people and businesses rent small, medium, or large units to keep belongings, inventory, or records. Its main customers are households that need extra space during moves or life changes, along with small businesses that need flexible storage outside their own premises. The company makes money mostly by charging monthly rent for storage units. It also earns fees from related services such as unit protection plans, moving supplies, and truck rentals at some locations. Because self-storage contracts are usually short term and easy to renew or change, CubeSmart’s business depends on keeping facilities full, well located, and easy for customers to use. CubeSmart sits in the real estate investment trust, or REIT, part of the market, which means it is a property owner and operator rather than a manufacturer or retailer. That makes its business different from many other property types: customers rent very small spaces on flexible terms, and the company manages both the buildings and the day-to-day service experience. It also uses its real estate knowledge to buy, develop, and improve storage properties that fit local demand.

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Last Earnings Call
Fiscal Period
Q2 2026
Call Date
Jul 31, 2026
AI Summary
Q2 2026

Growth inflection: Management said 2026 is a turning point, with same-store revenues already improving and a return to positive earnings growth expected in the second half of the year.

Demand holds up: The company described broad-based demand as steady, with lower vacate activity, longer customer stays, and continued strength in major East Coast and Midwest markets.

Supply easing: New supply is still the main industry headwind, but management said its impact is starting to fade in many core markets, helping occupancy and pricing trends improve.

Guidance improved: CubeSmart raised its full-year same-store revenue outlook and modestly improved its expense outlook, pointing to better momentum in the back half of 2026.

Capital moves: The company announced a new JV with Heitman, sold 15 noncore assets into the venture, and said proceeds will fund additional share repurchases.

Balance sheet flex: CubeSmart extended and expanded its revolver to 2030 and said it has no debt maturities in 2027, giving it more room to stay patient in the debt markets.

Key Financials
Same-store revenue growth
0.8%
Move-in rates
1.7%
Occupancy gap
flat by the end of the quarter
Physical occupancy
91.1%
Same-store operating expenses
4.4%
Same-store NOI growth
-0.7%
FFO per share as adjusted
$0.63
Third-party stores under management
872
Share repurchases
$42.5 million
Revolving credit facility capacity
$1.0 billion
Revolving credit facility maturity
June 2030
Other Earnings Calls

Management

Mr. Christopher P. Marr
CEO, President & Trustee
No Bio Available
Mr. Timothy M. Martin
CFO & Treasurer
No Bio Available
Ms. Jennifer L. Schulte
Chief Human Resources Officer
No Bio Available
Mr. Matthew D. DeNarie
Senior VP & Chief Accounting Officer
No Bio Available
Mr. Joshua Schutzer
VP of Finance & Head of Investor Relations
No Bio Available
Mr. Daniel Ruble C.F.A.
Vice President of Marketing
No Bio Available
Mr. Carey Parsons
Vice President of Operations
No Bio Available
Mr. Guy Middlebrooks
Vice President of Third-Party Management
No Bio Available

Contacts

Address
PENNSYLVANIA
Malvern
5 Old Lancaster Rd
Contacts
+16105355700.0
www.cubesmart.com
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