CubeSmart (CUBE) Tops Q3 EPS by 1c

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CubeSmart (CUBE) Raised to 'BBB' by S&P; Outlook Stable

October 31, 2014 10:54 AM EDT

Standard & Poor's Ratings Services raised its corporate credit and senior unsecured ratings on CubeSmart (NYSE: CUBE) to 'BBB' from 'BBB-'. The outlook is stable.

"The upgrade acknowledges CubeSmart's improved operating results from a larger, higher-quality portfolio than we initially rated in December 2011. Average occupancy in the same-store portfolio grew... More