CubeSmart Reports Improved Q2 Performance and Raises Full-Year Guidance
CubeSmart (NYSE: CUBE) reported improved operating trends in the second quarter of 2026, with same-store revenue rising 0.8% year over year to $X million. Occupancy reached 91.1%, rental volumes increased by 3%, and vacates decreased by 3%. The company noted stronger performance in Northeast and Midwest markets compared to Sun Belt regions, which continue to face supply pressures. CubeSmart raised its full-year same-store revenue growth outlook to a range of 0.5%–1.25%, with expectations for expense moderation supporting positive net operating income (NOI) and adjusted funds from operations (AFFO)-per-share growth in the second half of 2026. CEO Chris Marr described 2026 as an 'inflection year' following stabilization in 2025, highlighting continued acceleration through the remainder of the year. The company also improved its capital allocation and liquidity position by entering a joint venture with Heitman involving 15 non-core properties to fund share repurchases. Additionally, CubeSmart expanded its revolving credit facility to $1 billion and extended its maturity until 2030.
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