CubeSmart (CUBE) Tops Q4 FFO by 1c, Offers Q1 & FY Guidance
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CubeSmart Reports 2015 Annual Results: FFO per Share Grows 15.7%; Same-Store NOI Increases 9.6%
February 18, 2016 5:04 PM ESTMALVERN, PA -- (Marketwired) -- 02/18/16 -- CubeSmart (NYSE: CUBE) today announced its operating results for the three and twelve months ended December 31, 2015.
"The 9.6% increase in same-store NOI for 2015 is remarkable given it's the third year in a row we have exceeded 9.0% growth, which speaks to the strength of storage fundamentals and our operating platform," commented President and Chief Executive Officer Christopher P. Marr. "Demand for storage continues to be steady and broad-based, with minimal impact from new supply in our core markets. Looking forward to 2016, CubeSmart is focused on generating attractive risk-adjusted... More
