Edition:
United States

CubeSmart (CUBE.K)

CUBE.K on New York Consolidated

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5 Dec 2016
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Latest Key Developments (Source: Significant Developments)

Cubesmart to redeem its 7.75% Series A cumulative redeemable preferred shares
Friday, 2 Sep 2016 07:30am EDT 

Cubesmart : Cubesmart to redeem its 7.75% Series A cumulative redeemable preferred shares .Intends to redeem all of outstanding 3.1 million shares of its 7.75% Series A cumulative redeemable preferred shares on November 2, 2016.  Full Article

Cubesmart announces pricing of public offering
Monday, 8 Aug 2016 05:48pm EDT 

Cubesmart : Cubesmart announces pricing of public offering of $300 million of 3.125 pct senior unsecured notes due 2026 .Notes were priced at 99.504 pct of principal amount to yield 3.183 pct to maturity.  Full Article

CubeSmart Reports Second Quarter 2016 Results: FFO Per Share Grows 16.1%; Same-Store NOI Increases 11.0%
Thursday, 28 Jul 2016 04:30pm EDT 

CubeSmart : Sees FY 2016 same-store net operating income ("NOI") growth of 9.5% to 10.25% over 2015 . Estimates that its fully diluted FFO, as adjusted, per share for quarter ending September 30, 2016 will be between $0.37 and $0.38 . Q3 FFO per share view $0.36 -- Thomson Reuters I/B/E/S . Store net operating income ("NOI") growth of 9.5% to 10.25% over 2015 . Cubesmart Reports Second Quarter 2016 Results: FFO Per Share Grows 16.1%; same store NOI increases 11.0% . Q2 adjusted FFO per share $0.36 . Sees FY 2016 adjusted FFO per share $1.40 to $1.44 . Q2 FFO per share view $0.35 -- Thomson Reuters I/B/E/S . FY2016 FFO per share view $1.39 -- Thomson Reuters I/B/E/S .$0.38.  Full Article

CubeSmart declares first quarter 2016 dividend
Tuesday, 16 Feb 2016 05:00pm EST 

CubeSmart:Board of Trustees declared a quarterly dividend of $0.21 per common share for the period ending March 31, 2016.Dividend is payable on April 15 to common shareholders of record on April 1.  Full Article

CubeSmart Announces 31% Increase in Quarterly Common Dividend
Thursday, 10 Dec 2015 04:30pm EST 

CubeSmart:Says Board of Trustees declared a quarterly dividend of $0.21 per common share for the period ending December 31, 2015.The dividend is payable on January 15, 2016 to common shareholders of record on January 4, 2016.quarterly distribution represents an annualized dividend rate of $0.84 per share, a $0.20 increase from the previous annual rate of $0.64 per share.Board of Trustees also declared a quarterly dividend of $0.484375 per share for the 7.75% Series A Cumulative Redeemable Preferred Shares payable on January 15, 2016 to holders of record on January 4, 2016.  Full Article

CubeSmart Announces Pricing of Public Offering
Monday, 19 Oct 2015 04:30pm EDT 

CubeSmart:Says its operating partnership, CubeSmart, L.P. has priced an underwritten public offering of $250 million of 4.000 pct senior unsecured notes due Nov. 15, 2025.The notes were priced at 99.735 pct of the principal amount to yield 4.032 pct to maturity.The notes are fully and unconditionally guaranteed by CubeSmart.The offering is expected to close on Oct. 26.The net proceeds from this offering are expected to be approximately $247.2 million after deducting the underwriting discount and estimated transaction expenses payable by us.The Operating Partnership intends to use the net proceeds to repay all of the outstanding indebtedness incurred under the unsecured revolving portion of credit facility maturing in 2020.Net proceeds to repay for working capital and other general corporate purposes, which may include repayment or repurchase of other indebtedness.Merrill Lynch, Pierce, Fenner & Smith Incorporated and Wells Fargo Securities, LLC acted as joint book-running managers for the offering.BB&T Capital Markets, a division of BB&T Securities, LLC, PNC Capital Markets LLC, Regions Securities LLC, Stifel and U.S. Bancorp Investments, Inc. acted as co-managers for the offering.  Full Article

CubeSmart raises FY 2015 earnings guidance; gives Q3 2015 FFO guidance above analysts' estimates
Thursday, 6 Aug 2015 05:18pm EDT 

CubeSmart:Expects FY 2015 fully diluted FFO per share, as adjusted, for 2015 will be between $1.18 and $1.22 (previously between $1.15 and $1.19).Expects FY 2015 fully diluted net income per share for the period will be between $0.23 and $0.27 (previously between $0.20 and $0.24).Expects Q3 2015 FFO per diluted share, as adjusted will be between $0.32 to $0.33.Expects Q3 2015 Earnings per diluted share will be between $0.08 to $0.09.FY 2015 FFO of $1.18 and EPS of $0.26 - Thomson Reuters I/B/E/S.Q3 2015 FFO of $0.31 and EPS of $0.08 - Thomson Reuters I/B/E/S.  Full Article

CubeSmart declares third quarter 2015 dividend
Tuesday, 4 Aug 2015 04:30pm EDT 

CubeSmart:Declared a quarterly dividend of $0.16 per common share for the period ending September 30, 2015.Payable on October 15, 2015 to common shareholders of record on October 1, 2015.  Full Article

CubeSmart declares second quarter 2015 dividend
Wednesday, 27 May 2015 04:00pm EDT 

CubeSmart:Declares quarterly dividend of $0.16 per common share.Payable on July 15, to common shareholders of record on July 1.Says board also declared a quarterly dividend of $0.484375 for the 7.75% Series A cumulative redeemable preferred shares.Payable on July 15, to holders of record on July 1.  Full Article

CubeSmart raises low end of prior FY 2015 earnings guidance; gives Q2 2015 EPS guidance below analysts' estimates
Thursday, 30 Apr 2015 04:45pm EDT 

CubeSmart:Expects FY 2015 fully diluted FFO per share, as adjusted will be between $1.15 and $1.19 (previously between $1.14 and $1.19).Expects FY 2015 fully diluted net income per share for the period will be between $0.20 and $0.24 (previously between $0.19 and $0.24).Expects Q2 2015 FFO per diluted share, as adjusted will be between $ 0.28 to $0.29.Expects Q2 2015 Earnings per diluted share will be between $ 0.04 to $0.05.FY 2015 FFO of $1.18 and EPS of $0.24 - Thomson Reuters I/B/E/S.Q2 2015 FFO of $0.29 and EPS of $0.06 - Thomson Reuters I/B/E/S.  Full Article

BRIEF-Cubesmart reports Q3 adjusted FFO per share $0.38

* Cubesmart reports third quarter 2016 results: FFO per share grows 11.8 pct; same-store NOI increases 9.3 pct