CubeSmart Narrows FY24 FFO From $2.61-$2.67 To $2.62-$2.66 Vs $2.64 Est; Sees Q4 FFO $0.67-$0.70
Portfolio Pulse from Benzinga Newsdesk
CubeSmart has adjusted its full-year 2024 Funds From Operations (FFO) guidance to a range of $2.62-$2.66, slightly narrowing from the previous range of $2.61-$2.67, and compared to an estimate of $2.64. For Q4, CubeSmart expects FFO to be between $0.67 and $0.70.
October 31, 2024 | 8:49 pm
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CubeSmart has slightly adjusted its FY24 FFO guidance to $2.62-$2.66, aligning closely with the $2.64 estimate. Q4 FFO is projected at $0.67-$0.70.
The adjustment in CubeSmart's FFO guidance is minor and aligns closely with market estimates, suggesting a neutral impact on the stock price. The Q4 FFO projection is within a reasonable range, indicating stable performance.
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