CubeSmart Q3 2024 FFO $0.67, Inline, Sales $270.890M Beat $265.272M Estimate
Portfolio Pulse from Benzinga Newsdesk
CubeSmart reported Q3 2024 earnings per share of $0.67, meeting analyst expectations. The company's sales were $270.890 million, surpassing the estimated $265.272 million, marking a 1.13% increase from the previous year.
October 31, 2024 | 8:44 pm
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POSITIVE IMPACT
CubeSmart's Q3 2024 earnings per share met expectations at $0.67, while sales exceeded estimates, reaching $270.890 million. This indicates a positive performance compared to the previous year.
CubeSmart's earnings per share met expectations, which is neutral, but the sales beat indicates stronger than expected revenue performance. This positive sales surprise is likely to have a favorable short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100