- CubeSmart press release ( NYSE: CUBE ): Q2 FFO of $0.62 beats by $0.03 .
- Revenue of $248.66M (+24.8% Y/Y) misses by $0.25M .
- Q3 fully diluted FFO per share, as adjusted to be in the range of $0.64 to $0.65 vs. consensus of $0.61.
- The company estimates that its fully diluted earnings per share for the year will be between $1.05 and $1.09 (previously $0.95 to $1.00), and that its fully diluted FFO per share, as adjusted, for 2022 will be between $2.47 and $2.51 (previously $2.37 to $2.42) vs. consensus of $2.41.
- Due to uncertainty related to the timing and terms of transactions, the impact of any potential future speculative investment activity is excluded from guidance.
- For 2022, the same-store pool consists of 523 properties totaling 37M rentable square feet.
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CubeSmart FFO of $0.62 beats by $0.03, revenue of $248.66M misses by $0.25M