CubeSmart (CUBE) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates

Core Insights - CubeSmart (CUBE) reported revenue of $273.04 million for the quarter ended March 2025, marking a year-over-year increase of 4.5% and exceeding the Zacks Consensus Estimate of $267.13 million by 2.21% [1] - The company achieved an EPS of $0.64, up from $0.42 a year ago, and surpassed the consensus EPS estimate of $0.62 by 3.23% [1] Financial Performance Metrics - Property management fee income was reported at $10.51 million, slightly below the estimated $10.61 million, but showed a year-over-year increase of 6.1% [4] - Rental income reached $232.77 million, exceeding the estimated $225.78 million, with a year-over-year growth of 3.4% [4] - Other property-related income was $29.77 million, surpassing the estimated $29.33 million, reflecting a significant year-over-year increase of 13.1% [4] - Net Earnings Per Share (Diluted) was reported at $0.39, matching the average estimate based on four analysts [4] Stock Performance - CubeSmart's shares have returned -3.1% over the past month, compared to a -0.7% change in the Zacks S&P 500 composite [3] - The stock currently holds a Zacks Rank 4 (Sell), indicating potential underperformance relative to the broader market in the near term [3]