Edition:
United States

CubeSmart (CUBE.K)

CUBE.K on New York Consolidated

26.50USD
20 Sep 2017
Change (% chg)

$0.17 (+0.63%)
Prev Close
$26.33
Open
$26.40
Day's High
$26.53
Day's Low
$26.40
Volume
435,520
Avg. Vol
1,829,581
52-wk High
$28.47
52-wk Low
$22.83

Latest Key Developments (Source: Significant Developments)

Cubesmart provides update on Hurricane Irma and Hurricane Harvey impact
Monday, 11 Sep 2017 05:00pm EDT 

Sept 12 (Reuters) - Cubesmart :Cubesmart provides update on Hurricane Irma and Hurricane Harvey impact.Cubesmart - ‍Due to impact of Hurricane Irma, all of its 104 owned and managed stores in state of Florida were closed on sunday​.Cubesmart - ‍Eighty-two Cubesmart stores, representing 5.7 million net rentable square feet and 54,500 units, remain temporarily closed​.Cubesmart - ‍Have reopened 22 stores representing a total of 1.8 million net rentable square feet​.  Full Article

Cubesmart Q2 adjusted FFO per share $0.39
Thursday, 27 Jul 2017 05:00pm EDT 

July 27 (Reuters) - Cubesmart :Cubesmart reports second quarter 2017 results: FFO per share grows 8.3%; same-store NOI increases 5.0%.Q2 adjusted FFO per share $0.39.Sees FY 2017 adjusted FFO per share $1.53 to $1.57.Cubesmart sees 2017 same-store net operating income growth of 4.0% to 5.0% over 2016.Cubesmart sees Q3 FFO per diluted share, as adjusted $0.40 to $0.41.Q3 FFO per share view $0.40 -- Thomson Reuters I/B/E/S.FY2017 FFO per share view $1.54 -- Thomson Reuters I/B/E/S.Q2 FFO per share view $0.38 -- Thomson Reuters I/B/E/S.  Full Article

CubeSmart Cubesmart reports 5.4 pct rise in Q1 same store sales
Thursday, 27 Apr 2017 04:00pm EDT 

April 27 (Reuters) - CubeSmart -:CubeSmart reports first quarter 2017 results: ffo per share grows 12.5%; same-store noi increases 6.0%.Sees fy 2017 adjusted FFO per share $1.52 to $1.57.Q1 adjusted FFO per share $0.36.Q1 same store sales rose 5.4 percent.Sees q2 2017 adjusted FFO per share $0.38 to $0.39.CubeSmart sees 2017 same-store net operating income ("noi") growth of 4.0% to 5.0% over 2016.Fy2017 FFO per share view $1.55 -- Thomson Reuters I/B/E/S.  Full Article

CubeSmart announces pricing of 4.375 pct senior unsecured notes due 2023 and 4 pct senior unsecured notes due 2025
Thursday, 30 Mar 2017 07:13pm EDT 

CubeSmart : CubeSmart announces pricing of 4.375% senior unsecured notes due 2023 and 4.000% senior unsecured notes due 2025 . 2023 notes were priced at 105.040% of principal amount . Priced an offering of $50.0 million aggregate principal amount of 4.375% senior unsecured notes due 2023 . 2025 notes were priced at 101.343% of principal amount .Priced an offering of $50.0 million aggregate principal amount of 4.000% senior unsecured notes due 2025.  Full Article

CUBESMART REPORTS Q4 ADJUSTED FFO PER SHARE $0.38
Thursday, 16 Feb 2017 05:00pm EST 

Cubesmart : CUBESMART REPORTS 2016 ANNUAL RESULTS: FFO PER SHARE GROWS 15.2%; SAME-STORE NOI INCREASES 10.2% . Q4 ADJUSTED FFO PER SHARE $0.38 . SEES FY 2017 ADJUSTED FFO PER SHARE $1.52 TO $1.57 . SEES Q1 2017 ADJUSTED FFO PER SHARE $0.35 TO $0.36 . SAME-STORE PHYSICAL OCCUPANCY AT PERIOD END FOR Q4 OF 2016 WAS 91.8%, COMPARED WITH 91.6% FOR SAME QUARTER OF LAST YEAR . SEES 2017 SAME-STORE NET OPERATING INCOME GROWTH OF 4.0% TO 5.0% OVER 2016 . FOUR NEW STORES ARE EXPECTED TO BE ACQUIRED AT C/O IN 2017 FOR A TOTAL INVESTMENT OF $61.1 MILLION . FOR 2017, A SAME-STORE POOL CONSISTING OF 433 PROPERTIES TOTALING 29.6 MILLION SQUARE FEET . FY2017 FFO PER SHARE VIEW $1.57 -- THOMSON REUTERS I/B/E/S .Q1 FFO PER SHARE VIEW $0.37 -- THOMSON REUTERS I/B/E/S.  Full Article

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

BRIEF-Cubesmart provides update on Hurricane Irma and Hurricane Harvey impact

* Cubesmart provides update on Hurricane Irma and Hurricane Harvey impact