CubeSmart (CUBE) Reports In-Line Q4 FFO

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Go back to CubeSmart (CUBE) Reports In-Line Q4 FFO

CubeSmart Reports 2017 Annual Results

February 15, 2018 4:30 PM EST

MALVERN, Pa., Feb. 15, 2018 (GLOBE NEWSWIRE) -- CubeSmart (NYSE: CUBE) today announced its operating results for the three and twelve months ended December 31, 2017.

We continued to execute on our strategic growth plans in 2017, expanding CubeSmarts owned and managed store count by 18% and opening seven newly developed properties totaling over $200 million of investment, commented President and Chief Executive Officer Christopher P. Marr. Fundamentals continue to be impacted by new supply in select submarkets while demand remains steady and broad-based. Looking forward to 2018, we are confident that our operating platform will continue to maximize store performance and our... More