CubeSmart Reports Third Quarter 2026 Results
Key Highlights
- ➤2026 adjusted FFO per share guidance raised to $2.58-$2.60 from $2.54-$2.60
- ➤Same-store NOI increased 2.1% year over year across 623 stores
- ➤CubeSmart agreed to contribute 15 stores valued at $197.0 million to Heitman joint venture
- ➤CubeSmart repurchased 2.1 million shares for $83.9 million at $39.09 average
- ➤Third-party management platform expanded by 32 stores to 882 total
Expert Statements
Christopher P. Marr, President and Chief Executive Officer of CubeSmart
“Third quarter results reflected strong execution across our operating platform, with positive same-store revenue and NOI growth supported by higher occupancy and improving rental activity.”
Christopher P. Marr, President and Chief Executive Officer of CubeSmart
“We are encouraged by the broadening momentum across the portfolio, reinforcing our confidence in the trajectory of the business and our ability to generate durable growth.”
Tim Martin, Chief Financial Officer of CubeSmart
“The strength of our year-to-date performance supported improvements to all of our full-year same-store and FFO guidance ranges.”
Tim Martin, Chief Financial Officer of CubeSmart
“Subsequent to the quarter, we advanced a series of liquidity-enhancing transactions that showcase our access to a wide range of capital sources and provide additional flexibility to allocate capital where we see compelling long-term value.”
MALVERN, Pa., Oct. 29, 2026 (GLOBE NEWSWIRE) -- CubeSmart (NYSE: CUBE) today announced its operating results for the three and nine months ended September 30, 2026.
“Third quarter results reflected strong execution across our operating platform, with positive same-store revenue and NOI growth supported by higher occupancy and improving rental activity,” commented President and Chief Executive Officer Christopher P. Marr. “We are encouraged by the broadening momentum across the portfolio, reinforcing our confidence in the trajectory of the business and our ability to generate durable growth.”
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