Results of Operations and Financial Condition · Regulation FD Disclosure
Item 2.02 Results of Operations and Financial Condition. On April 30, 2026, CubeSmart (the “Company”) announced its financial results for the three months ended March 31, 2026. A copy of the Company’s earnings press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K.
Filed May 1, 2026Accepted May 1, 2026, 7:22 AM EDTCIK 1298675Accession 0001298675-26-000015
CubeSmart is a self-administered and self-managed real estate investment trust (“REIT”). The Company's self-storage properties are designed to offer affordable, easily accessible and, in most locations, climate-controlled storage space for residential and commercial customers. According to the 2026 Self-Storage Almanac, CubeSmart is one of the top three owners and operators of self-storage properties in the United States.
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Item 2.02Item 2.02 - Results of Operations
Item 2.02 Results of Operations and Financial Condition.
On April 30, 2026, CubeSmart (the “Company”) announced its financial results for the three months ended March 31, 2026. A copy of the Company’s earnings press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K.
Item 7.01Item 7.01 - Regulation FD Disclosure
Item 7.01 Regulation FD Disclosure.
The information included in this Current Report on Form 8-K (including Exhibit 99.1 hereto) shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference into any filing made by the Company under the Exchange Act or the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such a filing.
The Company believes that certain statements in the information attached as Exhibit 99.1 may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are made on the basis of management’s views and assumptions regarding future events and business performance as of the time the statements are made. Actual results may differ materially from those expressed or implied. Information concerning factors that could cause actual results to differ materially from those in forward-looking statements is contained from time to time in the Company’s filings with the Securities and Exchange Commission.
Filed exhibits (1)
EX-99.1 (by filename) cube-20260430xex99d1.htm
EX-99.1
2
cube-20260430xex99d1.htm
EX-99.1
Exhibit 99.1
Earnings Release
CubeSmart Reports First Quarter 2026 Results
MALVERN, PA -- (Globe Newswire) - April 30, 2026 -- CubeSmart (NYSE: CUBE) today announced its operating results for the three months ended March 31, 2026.
“The first quarter progressed largely as expected, with stable operating trends across the portfolio,” commented Chris Marr, President and Chief Executive Officer. “Same store revenue growth inflected to positive during the quarter, reflecting focused execution and improving underlying fundamentals.”
Key Highlights for the First Quarter
Reported diluted earnings per share (“EPS”) attributable to the Company’s common shareholders of $0.36.
Reported funds from operations (“FFO”), as adjusted, per diluted share of $0.63.
Same-store (623 stores) net operating income (“NOI”) decreased 1.5% year over year, resulting from a 0.6% increase in revenues and a 5.8% increase in operating expenses.
Same-store occupancy averaged 89.0% during the quarter, ending at 89.3%.
Opened for operation one development property for a total cost of $28.0 million.
Acquired initial store in a newly-formed joint v…