CubeSmart Reports Q3 2026 Earnings Growth and Upward Full-Year Guidance
CubeSmart (CUBE) reported a strong third quarter for 2026, characterized by an acceleration in same-store revenue growth to 1.9% and adjusted Funds From Operations (FFO) of $0.66 per diluted share, up 1.5% year-over-year. The company saw improvements across key metrics, including a rise in portfolio occupancy to 90.5% and positive move-in rate growth heading into October. Driven by stabilizing demand and reduced supply pressure, management raised its full-year FFO guidance to a range of $2.58 to $2.60 per share. The company also optimized its balance sheet through the repayment of $340.3 million in debt and executed an $83.9 million share repurchase program. Additionally, CubeSmart entered into a joint venture with Heitman to monetize 15 stores valued at $197 million.
Tickers: $CUBE
Topics: FFO guidance joint venture occupancy rates same-store revenue growth share repurchases