Monitor 2026 execution against guidance, particularly same-store NOI improvement and expense control. The slight decrease in FFO guidance despite dividend growth suggests margin pressure may continue.
Price Chart
Executive Summary
CubeSmart reported declining financial performance in 2025 with lower revenue, net income, and FFO compared to 2024, despite positive guidance for 2026. The company executed share repurchases and strategic acquisitions while maintaining dividend growth.
Key Financial Metrics
Key Facts
- Same-store NOI decreased 1.1% year-over-year due to 0.1% revenue decline and 2.9% operating expense increase
- Net income attributable to common shareholders decreased 14.7% to $333.8 million for 2025
- FFO, as adjusted, per diluted share decreased 1.9% to $2.58 for 2025
- Company repurchased $31.9 million of common shares and increased quarterly dividend by 1.9%
- 2026 guidance projects FFO per share between $2.52 and $2.60, slightly below 2025's $2.58
Financial Impact
Revenue decreased 5.3% to $1.123 billion, net income down 14.7% to $333.8 million, FFO per share down 1.9% to $2.58
Segment Breakdown
| Segment | Revenue | Growth |
|---|---|---|
| same-store | $938.0M | -0.5% |
Risk Factors
- Continued same-store NOI decline indicates pricing power challenges
- Rising interest expenses from increased debt levels
- Operating expenses growing faster than revenues
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001298675-26-000008 |
| Document: cube-20260226x8k.htm | 0001298675-26-000008 |
| Document: 0001298675-26-000008-index-headers.html | 0001298675-26-000008 |
| Document: 0001298675-26-000008-index.html | 0001298675-26-000008 |
| Document: 0001298675-26-000008.txt | 0001298675-26-000008 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Jul 30, 2026 9w ago | Press Release | $41.46 $40.02 | ▼ −3.47% | ▼ −6.46% | $37.52 (−9.50%) |
Jul 6, 2026 12w ago | Press Release | $40.88 $41.84 | ▲ +2.35% | ▲ +1.02% | $37.52 (−8.22%) |
May 4, 2026 21w ago | 144 | $38.95 $39.33 | ▲ +0.99% | ▼ −4.66% | $37.52 (−3.66%) |
Apr 30, 2026 22w ago | Press Release | $40.02 $39.31 | ▼ −1.77% | ▼ −7.04% | $37.52 (−6.24%) |
Apr 3, 2026 26w ago | DEFA14A | $37.20 $38.95 | ▲ +4.69% | ▼ −4.29% | $37.52 (+0.86%) |
Apr 1, 2026 26w ago | Press Release | $37.19 $40.48 | ▲ +8.85% | ▼ −1.03% | $37.52 (+0.89%) |
Feb 27, 2026 31w ago | 8-K | $41.12 $35.85 | ▲ +12.82% | ▲ +5.26% | $37.52 (+8.74%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Try SecBot Free Coming soon: SecBot Pro with alerts, watchlists, and API access