CubeSmart Reports First Quarter 2019 Results
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CubeSmart (CUBE) Reports In-Line Q1 EPS, Revenues Miss; Raises FY19 EPS Mid-Point Guidance Above Consensus, Raises FY19 FFO Mid-Point Guidance
April 25, 2019 4:35 PM EDTCubeSmart (NYSE: CUBE) reported Q1 EPS of $0.19, in-line with the analyst estimate of $0.19. Revenue for the quarter came in at $152.85 million versus the consensus estimate of $153.76 million.
First quarter results represent a solid start to the year, commented President and Chief Executive Officer Christopher P. Marr. We continue to experience broad-based customer demand across our portfolio. With a solid U.S. economy, high employment and low interest rates, consumer confidence remains elevated and creates a positive environment for our product as we enter the prime rental season.
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