CubeSmart Q2 FFO $0.64, Inline, Sales $266.21M Beat $254.94M Estimate
Portfolio Pulse from Benzinga Newsdesk
CubeSmart (NYSE:CUBE) reported Q2 earnings of $0.64 per share, meeting analyst expectations but showing a 3.03% decrease from last year. Sales were $266.21 million, beating estimates by 4.42% and increasing 2.07% year-over-year.
August 01, 2024 | 8:30 pm
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CubeSmart reported Q2 earnings of $0.64 per share, meeting analyst expectations but showing a 3.03% decrease from last year. Sales were $266.21 million, beating estimates by 4.42% and increasing 2.07% year-over-year.
While the earnings per share met expectations, the sales beat by 4.42% and showed a year-over-year increase. This positive sales performance is likely to have a short-term positive impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100