CubeSmart posted Q2 GAAP diluted EPS of $0.39, rising from $0.36 a year earlier; net income attributable to common shareholders climbed to $89.6 million.
FFO, as adjusted, fell to $143.1 million; FFO, as adjusted, per diluted share slipped 3.1% to $0.63.
Same-store NOI declined 0.7% as revenue rose 0.8% and operating expenses increased 4.4%; same-store occupancy averaged 90.4% and ended at 91%.
Capital, guidance and transaction update
Amended revolving credit facility, lifting capacity to $1 billion and extending maturity to June 2030; repurchased 1,100,000 shares for $42.5 million.
Guided 2026 GAAP diluted EPS at $1.58-$1.64 and FFO, as adjusted, per share at $2.54-$2.60; formed Heitman JV for valued at .
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