Jul. 31 at 9:01 PM
π’
$CUBE Q2 Earnings RecapCubeSmart delivered a modest beat this quarter in the self-storage space π¦π’
π° FFO:
$0.65 vs
$0.64 est β β
Beat by
$0.01
π Revenue:
$282.3M (+6.0% Y/Y) vs
$275.53M est β β
Beat by
$6.77Mπ Q3 Guidance:
FFO:
$0.64β
$0.66
GAAP EPS:
$0.36β
$0.38π FY25 Outlook Updated:
FFO:
$2.54β
$2.60 (vs
$2.57 consensus)
GAAP EPS:
$1.44β
$1.50 β
Raised
Same-store NOI, revenue, and expense guidance all revised positivelyStabilizing fundamentals and tighter expense control are helping Cube weather the macro headwinds π§Ύπ#CubeSmart #CUBE #Earnings #REITs #SelfStorage
#DividendStocks #RealEstate #StockMarket #EarningsSeason
#PublicStorage
$PSA #ExtraSpace
$EXR #LifeStorage