CubeSmart (CUBE) Tops Q2 FFO by 1c

CubeSmart (NYSE: CUBE) reported Q2 FFO of $0.36, $0.01 better than the analyst estimate of $0.35. Revenue for the quarter came in at $126.53 million versus the consensus estimate of $124.94 million.

"Double-digit growth in both FFO per share and same-store NOI during the quarter continues to demonstrate the strength of storage fundamentals and the advantages of our sophisticated operating platform," commented President and Chief Executive Officer Christopher P. Marr. "Our team continues to pursueacquisition and development opportunities in our core markets and expand our national third-party management platform. We are delighted to have opened three newly developed, purpose-built storage facilities in the New York City and Dallas markets during the quarter."

For earnings history and earnings-related data on CubeSmart (CUBE) click here.

You May Also Be Interested In

• Applovin shares surge on strong Q3 results and guidance
• FICO (FICO) Tops Q4 EPS by 24c, Misses on Revenue
• Viavi Solutions (VIAV) Tops Q1 EPS by 6c; Offers Guidance