CubeSmart announced it will release financial results for the three-month period ended September 30, 2026, after the market close on Thursday, October 29, 2026. An accompanying conference call is scheduled for 11:00 am ET on Friday, October 30, 2026.

Conference Call Details

A live webcast of the conference call will be available online from the investor relations page of the company’s corporate website at investors.cubesmart.com. Telephone participants may join on the day of the call by dialing 1 (833) 461-5787 using conference ID number 488 082 528.

Registered financial analysts participating on the call may avoid delays by pre-registering via the company's investor relations portal. A replay of the webcast will be available on the company’s website following the live event.

Company Profile

CubeSmart is a self-administered and self-managed real estate investment trust. The company owns or manages 1,544 self-storage properties across the United States. According to the 2026 Self Storage Almanac, CubeSmart is one of the top three owners and operators of self-storage properties in the U.S.

The company’s mission is to simplify the organizational and logistical challenges created by the many life events and business needs of its customers through innovative solutions, unparalleled service, and genuine care. Its self-storage properties are designed to offer affordable, easily accessible, and in most locations, climate-controlled storage space for residential and commercial customers.

CubeSmart (NYSE: CUBE) reported a positive inflection in same-store revenues for the second quarter of 2026, accelerating to 0.8% year-over-year from 0.6% in the first quarter. The self-storage operator raised its full-year same-store revenue guidance range to 0.5%–1.25%, signaling an expectation for continued acceleration in the second half of the year.

Operational Performance

The company’s move-in rates for new customers grew 1.7% year-over-year, improving sequentially by 80 basis points. As of July 30, 2026, same-store physical occupancy reached 91.1%, a 30 basis point increase over the same date in 2025. Management highlighted strong customer health metrics, including lower vacate activity and elongating lengths of stay, which supported resilience despite macroeconomic volatility.

Regional performance varied significantly. Strength persisted in the Acela corridor (Boston, Stamford, New York, Philadelphia) and Midwest markets (Chicago, Columbus, Cleveland). West Coast properties, particularly in the Inland Empire and Los Angeles, swung back into positive year-over-year same-store revenue growth. Sun Belt markets continued to face pressure from new supply but showed gradual recovery trends.

Financial Highlights

Same-store operating expenses grew 4.4% year-over-year, driven by tough comparisons after four years of industry-leading expense control. This expense growth outpaced revenue growth, resulting in negative 0.7% same-store net operating income (NOI) growth for the quarter. However, management expects expense growth to moderate in the second half, with full-year guidance adjusted to a range of 3.25%–4.5%.

Strategic Transactions & Capital Allocation

CubeSmart executed a new joint venture with Heitman, contributing 15 non-core assets—identified as isolated markets or outer-ring locations—to a newly formed entity. CubeSmart holds a 20% ownership stake in the venture. The transaction allows the company to unlock value at market rates (mid-5% cap rate) while maintaining upside participation through future growth and fees.

Proceeds from the Heitman deal will fund share repurchases. During the second quarter, CubeSmart repurchased shares worth $42.5 million, bringing year-to-date buybacks to $75.8 million. The company also expanded its revolving credit facility capacity from $850 million to $1 billion, extending maturity to June 2030.

What the Numbers Show

The divergence between top-line revenue growth (0.8%) and operating expense growth (4.4%) highlights the lagging nature of cost normalization following aggressive efficiency measures in prior years. While this pressure resulted in negative NOI growth for Q2, management’s guidance implies that expense moderation will drive a return to positive NOI growth in the second half of 2026, decoupling earnings performance from the modest revenue acceleration currently observed.