CubeSmart (CUBE) Tops Q3 FFO by 2c
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CubeSmart Reports Third Quarter 2015 Results: FFO per Share Grows 21.4%; Same-Store NOI Increases 9.3%
November 5, 2015 5:05 PM ESTMALVERN, PA -- (Marketwired) -- 11/05/15 -- CubeSmart (NYSE: CUBE) today announced its operating results for the three and nine months ended September 30, 2015.
"Favorable industry fundamentals continue to drive strong operating performance throughout CubeSmart's portfolio. Our same-store revenue growth increased 60 basis points sequentially to 7.4%, primarily due to record occupancies and our ability to accelerate net effective rents during the quarter," commented President and Chief Executive Officer Christopher P. Marr. "We remain active and disciplined in pursuing investment opportunities that enhance the Company's portfolio quality, maximize the efficiencies of our operating platform and create long-term... More
