CubeSmart: Q4 Earnings Snapshot

Associated Press Finance

28 Feb

MALVERN, Pa. (AP) — MALVERN, Pa. (AP) — CubeSmart (CUBE) on Thursday reported a key measure of profitability in its fourth quarter. The results matched Wall Street expectations.

The real estate investment trust, based in Malvern, Pennsylvania, said it had funds from operations of $155.4 million, or 68 cents per share, in the period.

The average estimate of seven analysts surveyed by Zacks Investment Research was for funds from operations of 68 cents per share.

Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.

The company said it had net income of $101.9 million, or 45 cents per share.

The self-storage company, based in Malvern, Pennsylvania, posted revenue of $231.4 million in the period, which missed Street forecasts. Four analysts surveyed by Zacks expected $270.8 million.

For the year, the company reported funds from operations of $600.8 million. Revenue was reported as $929.1 million.

For the current quarter ending in March, CubeSmart expects its per-share funds from operations to range from 61 cents to 63 cents.

The company expects full-year funds from operations in the range of $2.50 to $2.59 per share.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CUBE at https://www.zacks.com/ap/CUBE

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(AP) — <a href=\"https://laohu8.com/S/CUBE\">CubeSmart</a> (CUBE) on Thursday reported a key measure of profitability in its fourth quarter. The results matched Wall Street expectations.</p>\n<p>The real estate investment trust, based in Malvern, Pennsylvania, said it had funds from operations of $155.4 million, or 68 cents per share, in the period.</p>\n<p>The average estimate of seven analysts surveyed by Zacks Investment Research was for funds from operations of 68 cents per share.</p>\n<p>Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.</p>\n<p>The company said it had net income of $101.9 million, or 45 cents per share.</p>\n<p>The self-storage company, based in Malvern, Pennsylvania, posted revenue of $231.4 million in the period, which missed Street forecasts. Four analysts surveyed by Zacks expected $270.8 million.</p>\n<p>For the year, the company reported funds from operations of $600.8 million. Revenue was reported as $929.1 million.</p>\n<p>For the current quarter ending in March, CubeSmart expects its per-share funds from operations to range from 61 cents to 63 cents.</p>\n<p>The company expects full-year funds from operations in the range of $2.50 to $2.59 per share.</p>\n<p>_____</p>\n<p>This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. 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(AP) — MALVERN, Pa. (AP) — CubeSmart (CUBE) on Thursday reported a key measure of profitability in its fourth quarter. The results matched Wall Street expectations.\nThe real estate ...</p>\n\n<a href=\"https://finance.yahoo.com/news/cubesmart-q4-earnings-snapshot-214339131.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CUBE","symbol_name":"CubeSmart","start_time":0,"source_url":"https://finance.yahoo.com/news/cubesmart-q4-earnings-snapshot-214339131.html","article_id":"2514355741","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2514355741","pubTimestamp":1740692619,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"MALVERN, Pa.  — MALVERN, Pa.  — CubeSmart  on Thursday reported a key measure of profitability in its fourth quarter. 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