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CubeSmart(CUBE) - 2022 Q2 - Quarterly Report
2022-08-04 16:00
Part I. FINANCIAL INFORMATION [Financial Statements](index=9&type=section&id=Item%201.%20Financial%20Statements) Presents unaudited consolidated financial statements for CubeSmart and its Operating Partnership, including Balance Sheets, Statements of Operations, and Cash Flows [CubeSmart (Parent Company) Financial Statements](index=9&type=section&id=CubeSmart%20(Parent%20Company)%20Financial%20Statements) Presents CubeSmart's consolidated financial statements, highlighting revenue and net income growth, alongside changes in assets, liabilities, and equity CubeSmart Consolidated Statement of Operations Highlights (Three Months Ended June 30) | Metric | 2022 (in thousands) | 2021 (in thousands) | Change (%) | | :--- | :--- | :--- | :--- | | **Total Revenues** | $248,664 | $199,247 | 24.8% | | **Net Income** | $58,594 | $50,366 | 16.3% | | **Net Income Attributable to Common Shareholders** | $58,358 | $48,752 | 19.7% | | **Diluted EPS** | $0.26 | $0.24 | 8.3% | CubeSmart Consolidated Balance Sheet Highlights | Metric | June 30, 2022 (in thousands) | Dec 31, 2021 (in thousands) | | :--- | :--- | :--- | | **Total Assets** | $6,428,799 | $6,548,079 | | **Total Liabilities** | $3,526,280 | $3,549,699 | | **Total CubeSmart Shareholders' Equity** | $2,823,947 | $2,871,563 | - Net cash provided by operating activities for the six months ended June 30, 2022, was **$284.3 million**, a significant increase from **$217.4 million** in the same period of 2021[41](index=41&type=chunk) [CubeSmart, L.P. (Operating Partnership) Financial Statements](index=15&type=section&id=CubeSmart%2C%20L.P.%20(Operating%20Partnership)%20Financial%20Statements) Presents CubeSmart, L.P.'s consolidated financial statements, which largely mirror the parent company's, with differences in capital and equity reflecting the partnership structure - The assets and liabilities of the Operating Partnership are the same as the Parent Company's, as the Parent Company's only material asset is its investment in the Operating Partnership[12](index=12&type=chunk) CubeSmart, L.P. Net Income Highlights (Six Months Ended June 30) | Metric | 2022 (in thousands) | 2021 (in thousands) | Change (%) | | :--- | :--- | :--- | :--- | | **Total Revenues** | $487,229 | $388,088 | 25.5% | | **Net Income** | $96,860 | $93,681 | 3.4% | | **Net Income Attributable to Common Unitholders** | $96,513 | $90,484 | 6.7% | [Notes to Unaudited Consolidated Financial Statements](index=21&type=section&id=Notes%20to%20Unaudited%20Consolidated%20Financial%20Statements) Provides detailed explanations of accounting policies and activities, covering organization, investment activities, debt structure, joint ventures, and EPS calculations - As of June 30, 2022, the company owned or partially owned **609 self-storage properties** across 24 states and the District of Columbia[59](index=59&type=chunk) - In the first six months of 2022, the company acquired two stores for **$55.0 million** and sold the Los Angeles Athletic Club (acquired via the LAACO transaction) for **$44.0 million**[73](index=73&type=chunk)[78](index=78&type=chunk) - The December 2021 acquisition of LAACO added **57 'Storage West' properties** and was accounted for as an asset acquisition with total capitalized costs of approximately **$1.72 billion**[79](index=79&type=chunk)[81](index=81&type=chunk)[86](index=86&type=chunk) - As of June 30, 2022, the company had investments in **7 unconsolidated joint ventures**, owning a total of **91 stores**[98](index=98&type=chunk) - Subsequent to the quarter end, the company acquired a self-storage property in Georgia for **$20.7 million**[161](index=161&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations (MD&A)](index=47&type=section&id=Item%202.%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Provides management's perspective on financial condition and results, covering business overview, operational analysis, cash flow, liquidity, and reconciliation of non-GAAP measures like FFO and NOI [Overview](index=47&type=section&id=Overview) The company operates as a self-storage REIT, owning 609 properties and managing 680 for third parties, with revenues concentrated in key states - As of June 30, 2022, the company owned **609 self-storage properties** and managed **680 stores** for third parties, bringing the total portfolio to **1,289 stores**[163](index=163&type=chunk) - The company's revenue is geographically concentrated, with approximately **17% from New York**, **15% from Florida**, **11% from California**, and **9% from Texas** for the six months ended June 30, 2022[168](index=168&type=chunk) [Results of Operations](index=53&type=section&id=Results%20of%20Operations) Compares operating results for Q2 and H1 2022 versus 2021, highlighting significant growth in rental income driven by higher rates and acquisitions, alongside increased operating expenses Q2 2022 vs. Q2 2021 Performance Comparison (in thousands) | Metric | Q2 2022 | Q2 2021 | Change | % Change | | :--- | :--- | :--- | :--- | :--- | | **Total Revenues** | $248,664 | $199,247 | $49,417 | 24.8% | | **Property Operating Expenses** | $73,472 | $63,751 | $9,721 | 15.2% | | **Net Operating Income (NOI)** | $175,192 | $135,496 | $39,696 | 29.3% | | **Net Income** | $58,594 | $50,366 | $8,228 | 16.3% | - Same-store rental income for Q2 2022 increased by **$23.0 million** (**14.2%**) year-over-year, primarily due to a **14.5%** increase in realized annual rent per occupied square foot[194](index=194&type=chunk) H1 2022 vs. H1 2021 Performance Comparison (in thousands) | Metric | H1 2022 | H1 2021 | Change | % Change | | :--- | :--- | :--- | :--- | :--- | | **Total Revenues** | $487,229 | $388,088 | $99,141 | 25.5% | | **Property Operating Expenses** | $144,039 | $124,979 | $19,060 | 15.3% | | **Net Operating Income (NOI)** | $343,190 | $263,109 | $80,081 | 30.4% | | **Net Income** | $96,860 | $93,681 | $3,179 | 3.4% | - For H1 2022, same-store rental income grew by **$47.0 million** (**14.9%**) year-over-year, driven by a **15.1%** increase in realized annual rent per occupied square foot[204](index=204&type=chunk) [Liquidity and Capital Resources](index=61&type=section&id=Liquidity%20and%20Capital%20Resources) Discusses liquidity sources including cash flow, revolving credit facility, and equity markets, noting **$5.1 million** cash and **$580.5 million** available under its **$750 million** revolving credit facility - As of June 30, 2022, the company had **$5.1 million** in cash and cash equivalents and **$580.5 million** available for borrowing under its Revolver[226](index=226&type=chunk)[233](index=233&type=chunk) - Total outstanding unsecured senior notes remained at **$2.8 billion** as of June 30, 2022, with maturities ranging from 2025 to 2032[227](index=227&type=chunk) - The company was in compliance with all financial covenants under its Senior Notes and Credit Facility as of June 30, 2022[231](index=231&type=chunk)[234](index=234&type=chunk) - No common shares were sold under the "at-the-market" (ATM) equity program during the first six months of 2022, with **5.9 million shares** remaining available for issuance[235](index=235&type=chunk) [Non-GAAP Financial Measures](index=65&type=section&id=Non-GAAP%20Financial%20Measures) Defines and reconciles non-GAAP financial measures like NOI, FFO, and FFO as adjusted, used by management to evaluate operating performance FFO Reconciliation (in thousands) | Metric | Q2 2022 | Q2 2021 | H1 2022 | H1 2021 | | :--- | :--- | :--- | :--- | :--- | | **Net Income Attributable to Common Shareholders** | $58,358 | $48,752 | $96,513 | $90,484 | | **Real Estate Depreciation & Amortization** | $80,357 | $54,761 | $164,398 | $109,486 | | **FFO Attributable to Common Shareholders & OP Unitholders** | $139,094 | $105,281 | $261,582 | $203,287 | | **Transaction-related expenses** | $1,138 | $0 | $10,546 | $0 | | **FFO, as adjusted** | $140,232 | $105,414 | $272,128 | $203,843 | [Quantitative and Qualitative Disclosures About Market Risk](index=70&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) Discusses market risk exposure, primarily interest rate risk, with **$2.96 billion** in fixed-rate debt and **$168.9 million** in variable-rate debt as of June 30, 2022 - The company's primary market risk is interest rate fluctuations[251](index=251&type=chunk) - As of June 30, 2022, consolidated debt consisted of **$2.96 billion** in fixed-rate instruments and **$168.9 million** in floating-rate borrowings[255](index=255&type=chunk) - A **100 basis point** increase in market interest rates would increase annual interest expense on variable-rate debt by approximately **$1.7 million**[256](index=256&type=chunk) [Controls and Procedures](index=71&type=section&id=Item%204.%20Controls%20and%20Procedures) Management concluded that disclosure controls and procedures for both the Parent Company and Operating Partnership are effective, with no material changes to internal control over financial reporting - Management concluded that the disclosure controls and procedures for both the Parent Company and the Operating Partnership are **effective** as of the end of the period[259](index=259&type=chunk)[263](index=263&type=chunk) - There were **no changes** in internal control over financial reporting during the most recent fiscal quarter that materially affected, or are reasonably likely to materially affect, internal controls[261](index=261&type=chunk)[264](index=264&type=chunk) Part II. OTHER INFORMATION [Legal Proceedings](index=73&type=section&id=Item%201.%20Legal%20Proceedings) The company reports no material legal proceedings are pending that would adversely affect its financial condition, results of operations, or cash flows - **No material legal proceedings** are pending against the company, only routine actions and administrative proceedings[265](index=265&type=chunk) [Unregistered Sales of Equity Securities and Use of Proceeds](index=74&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) Details the company's common share repurchases, noting **2,104 shares** withheld for employee tax obligations and no repurchases under the **3.0 million** share program - The company has a share repurchase program for up to **3.0 million common shares**, under which **no repurchases** have been made to date[268](index=268&type=chunk) - In Q2 2022, **2,104 common shares** were withheld at an average price of **$53.27 per share** to cover employee tax obligations related to vested restricted shares[267](index=267&type=chunk) [Exhibits](index=74&type=section&id=Item%206.%20Exhibits) Lists exhibits filed with the Form 10-Q, including CEO and CFO certifications under Sarbanes-Oxley Act Sections 302 and 906, and Inline XBRL financial data - The filing includes **CEO and CFO certifications** as required by Rules 13a-14(a) and 15d-14(a) under the Exchange Act (**Sarbanes-Oxley Act Section 302**)[269](index=269&type=chunk) - Certifications pursuant to 18 U.S.C. Section 1350 (**Sarbanes-Oxley Act Section 906**) are also furnished with the report[269](index=269&type=chunk)
CubeSmart(CUBE) - 2022 Q1 - Earnings Call Transcript
2022-04-29 19:05
CubeSmart (NYSE:CUBE) Q1 2022 Earnings Conference Call April 29, 2022 11:00 AM ET Company Participants Josh Schutzer - Vice President, Finance Chris Marr - President and Chief Executive Officer Tim Martin - Chief Financial Officer Conference Call Participants Smedes Rose - Citi David Balaguer - Green Street Juan Sanabria - BMO Jeff Spector - Bank of America Samir Khanal - Evercore Ki Bin Kim - Truist Mike Mueller - JPMorgan Operator Good morning. Thank you for attending today’s CubeSmart First Quarter 2022 ...
CubeSmart(CUBE) - 2022 Q1 - Quarterly Report
2022-04-28 16:00
Table of Contents sts UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark one) ☑ Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended March 31, 2022. or ☐ Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to . Commission file number: 001-32324 (CubeSmart) 000-54462 (CubeSmart, L.P.) CUBESMART CUBESMART, L.P. (Exact Name of Registrant as S ...
CubeSmart(CUBE) - 2021 Q4 - Earnings Call Transcript
2022-02-25 19:55
Financial Data and Key Metrics Changes - The company reported a 15.8% revenue growth for same-store performance in Q4 2021, with a 20.6% increase in NOI for the quarter [13] - Average occupancy in Q4 was 93.8%, ending the quarter at 93.3% [13] - FFO per share as adjusted was $0.58 for the quarter, representing a 23.4% growth over the previous year [14] Business Line Data and Key Metrics Changes - The Southeast and Southwest markets led the same-store revenue growth, contributing to the overall robust performance [13] - The non-same-store portfolio and third-party management business also showed solid performance due to strong operating fundamentals [14] Market Data and Key Metrics Changes - The Acela corridor markets returned to more normalized seasonality, with expectations for the West Coast and Sun Belt markets to follow suit in 2022 [22][23] - In New York, occupancy improved by approximately 75 basis points compared to the previous year [38] Company Strategy and Development Direction - The company is focused on disciplined external growth, highlighted by the $1.7 billion acquisition of LAACO Limited, which added a 59-store portfolio [15] - The company aims to continue providing personalized services while enhancing digital experiences for customers [80] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the normalization of demand trends in New York and other markets as the pandemic's impact lessens [36][37] - The company anticipates a gradual return to traditional seasonality across most markets in 2022 [8] Other Important Information - The company completed an equity offering of 15.5 million common shares at $51 per share, raising net proceeds of $765 million [17] - Property tax increases are expected to be in the 4% to 7% range for 2022, consistent with previous years [75] Q&A Session Summary Question: What are the geographic trends post-COVID? - Management noted that the Acela corridor has normalized, with expectations for the West Coast and Sun Belt markets to follow [22][23] Question: Update on the supply picture in New York? - Management provided insights on varying supply impacts across boroughs, with expectations for a decline in new openings in 2023 [30][31] Question: Demand picture in New York relative to the Sun Belt? - Demand trends in New York have been positive, with rental volumes improving compared to last year [34] Question: Guidance for Storage West? - The magnitude of expected accretion remains unchanged, with increased confidence due to successful integration [40] Question: Visibility around stabilizing and growing the third-party management platform? - The company aims to continue providing excellent service and expects to add between 100 and 200 stores to the platform annually [46] Question: Changes in lease duration since pre-COVID levels? - About 60% of customers have been with the company for over a year, indicating longer lease durations compared to pre-COVID levels [69] Question: Property taxes in 2022? - Property tax increases are expected to be in the 4% to 7% range, with no relief anticipated [75] Question: Impact of labor challenges in New York City? - Labor sourcing remains a challenge, but existing staff continue to perform well [85]
CubeSmart(CUBE) - 2021 Q4 - Annual Report
2022-02-24 16:00
Table of Contents (IRS Employer Identification No.) UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-32324 (CubeSmart) Commission file number 000-54462 (CubeSmart, L.P.) CUBESMART CUBESMART, L.P. ...
CubeSmart(CUBE) - 2021 Q3 - Earnings Call Transcript
2021-11-05 21:04
CubeSmart (NYSE:CUBE) Q3 2021 Earnings Conference Call November 5, 2021 11:00 AM ET Company Participants Joshua Schutzer - Director, Financial Analysis Christopher Marr - CEO, President & Trustee Timothy Martin - CFO & Treasurer Conference Call Participants Smedes Rose - Citigroup Elvis Rodriguez - Bank of America Merrill Lynch Todd Thomas - KeyBanc Capital Markets Juan Sanabria - BMO Capital Markets Joab Dempsey - Truist Securities Hong Zhang - JPMorgan Chase & Co. Spenser Allaway - Green Street Advisors O ...
CubeSmart(CUBE) - 2021 Q3 - Quarterly Report
2021-11-04 16:00
[Part I. FINANCIAL INFORMATION](index=9&type=section&id=Part%20I.%20FINANCIAL%20INFORMATION) [Financial Statements](index=9&type=section&id=Item%201.%20Financial%20Statements) This section presents the unaudited consolidated financial statements for CubeSmart and CubeSmart, L.P. for the period ended September 30, 2021, including balance sheets, statements of operations, comprehensive income, equity, and cash flows Consolidated Statements of Operations Highlights (Three Months Ended Sep 30) | Metric | 2021 (in thousands) | 2020 (in thousands) | YoY Change | | :--- | :--- | :--- | :--- | | **Total Revenues** | $212,564 | $172,511 | +23.2% | | **Net Income** | $90,569 | $47,404 | +91.1% | | **Net Income Attributable to Common Shareholders** | $87,650 | $46,891 | +86.9% | | **Diluted EPS** | $0.43 | $0.24 | +79.2% | Consolidated Balance Sheet Highlights | Metric | Sep 30, 2021 (in thousands) | Dec 31, 2020 (in thousands) | | :--- | :--- | :--- | | **Total Assets** | $4,836,054 | $4,778,142 | | **Total Liabilities** | $2,550,996 | $2,687,880 | | **Total Equity** | $1,945,501 | $1,840,848 | [Notes to Unaudited Consolidated Financial Statements](index=25&type=section&id=Notes%20to%20Unaudited%20Consolidated%20Financial%20Statements) This section details accounting policies, investment activity, debt structure, and related party transactions, noting **$55.1 million** in acquisitions and **$2.05 billion** in unsecured senior notes - During the first nine months of 2021, the Company acquired three stores for an aggregate purchase price of approximately **$55.1 million**[77](index=77&type=chunk) - In the same period, the Company sold four properties for an aggregate sales price of **$38.6 million**, recording gains totaling **$28.8 million**[79](index=79&type=chunk) - The company holds investments in five unconsolidated real estate ventures with a total carrying value of **$111.4 million** as of September 30, 2021[93](index=93&type=chunk)[100](index=100&type=chunk) Unsecured Senior Notes Outstanding (as of Sep 30, 2021) | Series | Principal Balance (in thousands) | Maturity Date | | :--- | :--- | :--- | | 4.375% Notes | $300,000 | Dec-23 | | 4.000% Notes | $300,000 | Nov-25 | | 3.125% Notes | $300,000 | Sep-26 | | 4.375% Notes | $350,000 | Feb-29 | | 3.000% Notes | $350,000 | Feb-30 | | 2.000% Notes | $450,000 | Feb-31 | | **Total** | **$2,050,000** | | [Management's Discussion and Analysis of Financial Condition and Results of Operations (MD&A)](index=56&type=section&id=Item%202.%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses financial performance, highlighting significant revenue and NOI growth driven by same-store portfolio strength, acquisitions, and liquidity - As of September 30, 2021, the company owned **545** self-storage properties and managed an additional **706** stores for third parties, totaling **1,251** stores[166](index=166&type=chunk) - Primary revenue sources for the nine months ended September 30, 2021, are concentrated in **New York (19%)**, **Florida (15%)**, **Texas (9%)**, and **California (8%)**[172](index=172&type=chunk) [Results of Operations](index=60&type=section&id=Results%20of%20Operations) Total revenues increased **23.2%** to **$212.6 million** and NOI grew **28.7%** to **$148.5 million** in Q3 2021, driven by same-store rental income growth Q3 2021 vs Q3 2020 Performance | Metric | Q3 2021 (in thousands) | Q3 2020 (in thousands) | YoY Change | | :--- | :--- | :--- | :--- | | **Total Revenues** | $212,564 | $172,511 | +23.2% | | **Same-Store Rental Income** | $163,321 | $140,558 | +16.2% | | **Net Operating Income (NOI)** | $148,499 | $115,410 | +28.7% | | **Same-Store NOI** | $121,197 | $100,084 | +21.1% | - The increase in same-store rental income for Q3 2021 was primarily driven by a **14.4% increase** in realized annual rent per occupied square foot[193](index=193&type=chunk) - Depreciation and amortization expense increased by **46.7%** in Q3 2021 year-over-year, primarily due to newly acquired or developed stores[199](index=199&type=chunk) [Liquidity and Capital Resources](index=71&type=section&id=Liquidity%20and%20Capital%20Resources) The company maintains strong liquidity with **$20.3 million** cash and **$749.4 million** credit facility availability, raising **$200.0 million** from equity program - As of September 30, 2021, the company had approximately **$20.3 million** in available cash and cash equivalents and **$749.4 million** of availability under its Amended and Restated Credit Facility[225](index=225&type=chunk) - During the first nine months of 2021, the company sold **5.0 million** common shares through its "at-the-market" equity program, generating net proceeds of **$200.0 million**[235](index=235&type=chunk) - The company was in compliance with all financial covenants under its Senior Notes and Revolving Credit Facility as of September 30, 2021[229](index=229&type=chunk)[233](index=233&type=chunk) [Non-GAAP Financial Measures](index=75&type=section&id=Non-GAAP%20Financial%20Measures) This section defines and reconciles non-GAAP measures, with FFO attributable to common shareholders and OP unitholders reaching **$118.4 million** in Q3 2021 FFO Reconciliation (Three Months Ended Sep 30) | Metric (in thousands) | 2021 | 2020 | | :--- | :--- | :--- | | Net income attributable to common shareholders | $87,650 | $46,891 | | Real estate depreciation and amortization | $56,394 | $38,926 | | Gains from sales of real estate, net | ($28,815) | $0 | | Noncontrolling interests in the Operating Partnership | $3,149 | $474 | | **FFO attributable to common shareholders and OP unitholders** | **$118,378** | **$86,291** | [Quantitative and Qualitative Disclosures About Market Risk](index=78&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) The company's primary market risk is interest rate fluctuations, with a 100 basis point increase potentially decreasing fixed-rate debt fair value by **$125.9 million** - The company's main market risk is from interest rate fluctuations impacting its debt portfolio[248](index=248&type=chunk)[250](index=250&type=chunk) - A hypothetical **100 basis point increase** in market interest rates would decrease the fair value of the company's outstanding fixed-rate debt by approximately **$125.9 million**[254](index=254&type=chunk) [Controls and Procedures](index=80&type=section&id=Item%204.%20Controls%20and%20Procedures) Management concluded that disclosure controls and procedures for both the Parent Company and Operating Partnership were effective, with no material changes in internal control - The CEO and CFO concluded that the disclosure controls and procedures for both the Parent Company and the Operating Partnership are effective to provide reasonable assurance[256](index=256&type=chunk)[259](index=259&type=chunk) - No changes in internal control over financial reporting occurred during the quarter that materially affected, or are reasonably likely to materially affect, internal controls[257](index=257&type=chunk)[262](index=262&type=chunk) [Part II. OTHER INFORMATION](index=82&type=section&id=Part%20II.%20OTHER%20INFORMATION) [Legal Proceedings](index=82&type=section&id=Item%201.%20Legal%20Proceedings) No material legal proceedings are pending against the company, beyond routine actions, that would adversely affect financial condition - No material legal proceedings are pending against the company, other than routine actions and administrative proceedings[263](index=263&type=chunk) [Unregistered Sales of Equity Securities and Use of Proceeds](index=82&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) The company repurchased **841** common shares in Q3 2021 to cover employee tax obligations, with no repurchases under the 3.0 million share program Share Repurchases (Q3 2021) | Period | Total Shares Purchased | Average Price Paid Per Share | | :--- | :--- | :--- | | July 2021 | 569 | $46.30 | | August 2021 | 47 | $53.50 | | September 2021 | 225 | $54.93 | | **Total** | **841** | **$49.01** | - The repurchased shares represent common shares withheld by the Parent Company to cover employee tax obligations upon the vesting of restricted shares[265](index=265&type=chunk) [Exhibits](index=83&type=section&id=Item%206.%20Exhibits) This section lists Form 10-Q exhibits, including CEO and CFO certifications and financial statements in Inline XBRL format - The report includes CEO and CFO certifications pursuant to Sections 302 and 906 of the Sarbanes-Oxley Act[267](index=267&type=chunk) - Financial information is provided in Inline XBRL format as required by the SEC[267](index=267&type=chunk)
CubeSmart(CUBE) - 2021 Q2 - Earnings Call Transcript
2021-07-30 21:00
CubeSmart (NYSE:CUBE) Q2 2021 Results Conference Call July 30, 2021 11:00 AM ET Company Participants Joshua Schutzer - Vice President of Finance Christopher Marr - President and Chief Executive Officer Timothy Martin - Chief Financial Officer Conference Call Participants Jeff Spector - Bank of America Samir Khanal - Evercore ISI Todd Thomas - KeyBanc Capital Markets Smedes Rose - Citigroup Spenser Allaway - Green Street Advisors Ki Bin Kim - Truist Securities Jonathan Hughes - Raymond James Michael Muelle ...
CubeSmart(CUBE) - 2021 Q2 - Earnings Call Presentation
2021-07-30 20:19
Q CUBESMART® Second Quarter 2021 Supplemental Information | --- | --- | |-----------------------------------------------------------------------|-------| | Table of Contents | | | Analyst Information 3 | | | Company Information 4 | | | Earnings Release Text 5 | | | Financial Highlights 13 | | | Balance Sheets 14 | | | Statements of Operations - Trailing Five Quarters 15 | | | Statements of Operations 16 | | | Same-Store Portfolio Net Operating Income 17 | | | Same-Store Portfolio Net Operating Income - Trai ...
CubeSmart(CUBE) - 2021 Q2 - Quarterly Report
2021-07-29 16:00
Table of Contents sts UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark one) ☑ Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended June 30, 2021. or ☐ Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to . Commission file number: 001-32324 (CubeSmart) 000-54462 (CubeSmart, L.P.) CUBESMART CUBESMART, L.P. (Exact Name of Registrant as Sp ...