
CubeSmart Posts Lower Q1 Earnings, Provides 2026 Outlook

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CubeSmart reported lower Q1 earnings for 2026, with net income of $82.9 million and diluted EPS of $0.36, both down from the previous year. Adjusted FFO per share decreased to $0.63. Despite a 0.6% rise in same-store revenue, NOI fell 1.5% due to higher expenses and lower occupancy. The company expanded its operations with a $28 million joint venture in New York and repurchased 0.9 million shares. Full-year guidance for EPS is $1.55–$1.63. Analysts rate CUBE stock as a Buy with a $48.00 price target.
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