CubeSmart Sees Q3 EPS $0.44-$0.46 Vs $0.44 Est.; Diluted FFO $0.66-$0.68 Per Share; FY24 EPS $1.71-$1.77 Vs $1.74 Est.; Diluted FFO $2.61-$2.67 Per Share
Portfolio Pulse from Benzinga Newsdesk
CubeSmart has released its Q3 and FY24 financial outlook. For Q3, the company expects EPS between $0.44 and $0.46 and diluted FFO per share between $0.66 and $0.68. For FY24, EPS is projected to be between $1.71 and $1.77, and diluted FFO per share between $2.61 and $2.67. The company also opened two Class-A development projects in the New York MSA.
August 01, 2024 | 8:32 pm
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CubeSmart's Q3 EPS is expected to be between $0.44 and $0.46, in line with estimates. FY24 EPS is projected to be between $1.71 and $1.77, slightly below the $1.74 estimate. The company also opened two new Class-A development projects in the New York MSA.
The Q3 EPS guidance is in line with estimates, which is neutral to positive. The FY24 EPS guidance is slightly below estimates, which could be seen as a minor negative. However, the opening of new Class-A projects in a prime location like New York MSA is a positive development, likely to drive future growth.
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IMPORTANCE 80
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