CubeSmart reported Q3 2025 diluted EPS of $0.36 and net income of $82.9 million, down from the prior year. Revenue grew modestly due to acquisitions and new developments, while same-store NOI fell 1.5%. The company issued $450M in unsecured notes to strengthen liquidity and updated full-year guidance to reflect stabilized trends.
Net income declined to $82.9 million from $100.8 million in Q3 2024
Same-store NOI decreased 1.5% due to lower revenue and slightly higher operating expenses
Diluted EPS was $0.36; FFO per diluted share was $0.65
Third-party managed store count grew to 863, adding 46 stores in the quarter
CubeSmart raised the midpoints of its full-year FFO and same-store guidance ranges, reflecting stabilizing trends, but continued to guide for slightly negative same-store growth for the full year.
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