CubeSmart Q3 FFO $0.68 Up From $0.66 YoY, Sales $267.88M Beat $240.89M Estimate
Portfolio Pulse from Benzinga Newsdesk
CubeSmart (NYSE:CUBE) reported Q3 earnings of $0.68 per share, a 3.03% increase YoY. The company also reported quarterly sales of $267.88M, beating the analyst consensus estimate of $240.89M by 11.20% and marking a 2.47% increase over sales from the same period last year.
November 02, 2023 | 9:32 pm
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POSITIVE IMPACT
CubeSmart's Q3 earnings and sales beat estimates, which could positively impact its stock price in the short term.
CubeSmart reported higher than expected earnings and sales for Q3. This outperformance is typically viewed positively by investors and could lead to an increase in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100