In recent years, real estate investment trusts (REITs) have notably underperformed compared to broader market indices, largely due to elevated interest rates. High interest rates place significant pressure on REIT share prices for two primary reasons. Firstly, REITs often rely on debt to finance growth, and with borrowing costs rising, their interest expenses have surged. Secondly, the allure of fixed-income securities, such as Treasury bills, has increased as investors seek safer, more predictable returns ...

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, 2024. 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 ...

CubeSmart (NYSE:CUBE) Q2 2024 Earnings Conference Call August 2, 2024 11:00 AM ET Company Participants Josh Schutzer - Vice President of Finance Christopher Marr - President and Chief Executive Officer Timothy Martin - Chief Financial Officer Conference Call Participants Spenser Allaway - Green Street Advisors Sanket Agrawal - Evercore ISI Nick Joseph - Citigroup Michael Goldsmith - UBS Eric Luebchow - Wells Fargo Robin Haneland - BMO Capital Markets Todd Thomas - KeyBanc Capital Markets Brendan Lynch - Bar ...

CubeSmart (CUBE) came out with quarterly funds from operations (FFO) of $0.64 per share, in line with the Zacks Consensus Estimate. This compares to FFO of $0.66 per share a year ago. These figures are adjusted for non-recurring items. A quarter ago, it was expected that this self-storage company would post FFO of $0.64 per share when it actually produced FFO of $0.64, delivering no surprise. Over the last four quarters, the company has surpassed consensus FFO estimates two times. CubeSmart, which belongs t ...

MALVERN, Pa., Aug. 01, 2024 (GLOBE NEWSWIRE) -- CubeSmart (NYSE: CUBE) today announced its operating results for the three and six months ended June 30, 2024. "As expected, we experienced a marginally stronger seasonal uplift in demand during the second quarter and a customer base who continues to be resilient in an uncertain economy," commented President and Chief Executive Officer Christopher P. Marr. "Our data-driven approach to operations continues to allow us to optimize our performance in the face of ...

Diamond Sky Images/DigitalVision via Getty Images This led me to explore the self-storage universe. I found that there are three publicly traded competitors in the largely fragmented market, PSA, Extra Space Storage (EXR), and CUBE. The remainder are privately held by either families or investors like private equity sponsors. The industry boomed during 2020 when the pandemic began to inspire a generational shift in living habits. As families moved for a variety of reasons, self-storage operators benefitted ...

Company Overview - CubeSmart is a self-administered and self-managed real estate investment trust (REIT) that owns or manages 1,497 self-storage properties across the United States, ranking among the top three owners and operators in the U.S. self-storage market according to the 2024 Self Storage Almanac [1]. Financial Performance - The Board of Trustees of CubeSmart declared a quarterly dividend of $0.51 per common share for the period ending September 30, 2024, which is payable on October 15, 2024, to shareholders of record on October 1, 2024 [3]. Mission and Services - The mission of CubeSmart is to simplify the organizational and logistical challenges faced by customers due to various life events and business needs through innovative solutions, unparalleled service, and genuine care [4]. - The self-storage properties offered by CubeSmart are designed to provide affordable, easily accessible, and, in most locations, climate-controlled storage space for both residential and commercial customers [4].

Company Overview - CubeSmart is a self-administered and self-managed real estate investment trust (REIT) that owns or manages 1,493 self-storage properties across the United States [3] - According to the 2024 Self Storage Almanac, CubeSmart ranks among the top three owners and operators of self-storage properties in the U.S. [3] Financial Results Announcement - CubeSmart will release its financial results for the three-month period ended June 30, 2024, after the market close on Thursday, August 1, 2024 [1] - A conference call to discuss these results will be held at 11:00 a.m. ET on Friday, August 2, 2024 [1] Conference Call Details - A live webcast of the conference call will be available on the investor relations page of CubeSmart's corporate website [2] - Telephone participants can join the call by dialing 1 (800) 715-9871 with conference ID 4783436 [2] - A telephonic replay of the call will be available through August 16, 2024, by dialing 1 (800) 770-2030 using conference number 4783436 [2] Company Mission - CubeSmart's mission is to simplify organizational and logistical challenges for customers through innovative solutions, unparalleled service, and genuine care [4] - The self-storage properties are designed to offer affordable, easily accessible, and, in most locations, climate-controlled storage space for both residential and commercial customers [4]

[Filing Information](index=1&type=section&id=Filing%20Information) This section provides foundational details of the registrant, filing specifics, and the legal context of the Form 8-K submission [Registrant and Filing Overview](index=1&type=section&id=Registrant%20and%20Filing%20Overview) This section provides the foundational details of the registrant, CubeSmart, and the specifics of the Form 8-K filing, including its identification, address, and the securities registered - Registrant: CubeSmart and CubeSmart, L.P.[1](index=1&type=chunk)[9](index=9&type=chunk) - Filing Type: Current Report on Form 8-K, dated June 3, 2024.[1](index=1&type=chunk)[9](index=9&type=chunk) | Detail | Value | | :--- | :--- | | **Registrant Name** | CubeSmart / CubeSmart, L.P. | | **Principal Executive Offices** | 5 Old Lancaster Road, Malvern, Pennsylvania 19355 | | **Telephone Number** | (610) 535-5000 | | **Securities Registered** | Common Shares, $0.01 par value per share, of CubeSmart (CUBE) on New York Stock Exchange | [Legal and Regulatory Context](index=1&type=section&id=Legal%20and%20Regulatory%20Context) This section clarifies the regulatory framework under which the Form 8-K is filed, specifying that the furnished information is not considered 'filed' for certain legal purposes and is not subject to specific liabilities - The information in this Form 8-K (including exhibits) is furnished under Item 2.02, Item 7.01, and Item 9.01.[2](index=2&type=chunk)[11](index=11&type=chunk) - The furnished information is not deemed 'filed' for purposes of Section 18 of the Securities Exchange Act of 1934 and is not subject to its liabilities.[2](index=2&type=chunk) - It will not be incorporated by reference into other filings unless expressly set forth by specific reference.[2](index=2&type=chunk) [Current Report Items](index=2&type=section&id=Current%20Report%20Items) This section details the specific items of the Form 8-K, covering financial results, Regulation FD disclosure, and included exhibits [Item 2.02 Results of Operations and Financial Condition](index=2&type=section&id=Item%202.02%20Results%20of%20Operations%20and%20Financial%20Condition) This item indicates the disclosure of results of operations and financial condition, with the specific details being incorporated by reference into Item 7.01 - Information disclosed in Item 2.02 is incorporated into Item 7.01.[11](index=11&type=chunk) [Item 7.01 Regulation FD Disclosure](index=2&type=section&id=Item%207.01%20Regulation%20FD%20Disclosure) Under Regulation FD, CubeSmart is furnishing a slide presentation to ensure broad and fair disclosure of information that may be used in investor presentations - A slide presentation (Exhibit 99.1) is being furnished with this report for use in presentations to investors.[18](index=18&type=chunk) - The information is furnished to satisfy Regulation FD requirements and is not an admission of materiality.[2](index=2&type=chunk) [Item 9.01 Financial Statements and Exhibits](index=2&type=section&id=Item%209.01%20Financial%20Statements%20and%20Exhibits) This section lists the specific exhibits included with the Form 8-K, primarily the investor slide presentation and the interactive data file | Exhibit No. | Description | | :--- | :--- | | 99.1 | Slide Presentation Dated June 2024 | | 104 | Cover Page Interactive Data File – the cover page interactive data file does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document. | [Signatures](index=3&type=section&id=Signatures) This section formally concludes the Form 8-K filing with the required authorized signatures [Authorized Signatures](index=3&type=section&id=Authorized%20Signatures) This section formally concludes the Form 8-K filing with the required signatures from an authorized officer of CubeSmart, L.P. - The report is signed on behalf of CubeSmart, L.P. by Jeffrey P. Foster, Chief Legal Officer and Secretary.[14](index=14&type=chunk)[17](index=17&type=chunk) - The report was signed on June 3, 2024.[7](index=7&type=chunk)[14](index=14&type=chunk)

MALVERN, Pa., May 21, 2024 (GLOBE NEWSWIRE) -- CubeSmart (NYSE: CUBE) announced today that its Board of Trustees declared a quarterly dividend of $0.51 per common share for the period ending June 30, 2024. The dividend is payable on July 15, 2024 to common shareholders of record on July 1, 2024. The Company's mission is to simplify the organizational and logistical challenges created by the many life events and business needs of its customers through innovative solutions, unparalleled service, and genuine c ...