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CubeSmart (CUBE) guidance and outlook

CubeSmart (CUBE) raised its guidance on Oct 30, 2026: EPS $1.60–$1.62 for FY2026; FFO per share $2.58–$2.60 for FY2026. CubeSmart's 10-Q filed Jul 31, 2026 makes 12 forward-looking statements.

Guidance and outlook

Latest guidance

From the earnings release filed Oct 30, 2026 (8-K on EDGAR).

Forward-looking statements, 10-Q filed Jul 31, 2026

• We continue our focus on maximizing internal growth opportunities and selectively pursuing targeted acquisitions, co-investment partnerships and developments of self-storage properties.
• Set forth below is a summary of the accounting policies and estimates that management believes are critical to the preparation of the unaudited consolidated financial statements included in this Report.
• The Company may also consider additional factors included in the authoritative guidance, such as whether or not it is the partner in the VIE that is most closely associated with the VIE.
• When an entity is not deemed to be a VIE, the Company considers the provisions of additional FASB guidance to determine whether a general partner, or the general partners as a group, controls a limited partnership or similar entity when the limited partners have certain rights.
• Our short-term liquidity needs consist primarily of funds necessary to pay operating expenses associated with our stores; repay certain indebtedness; pay interest expense and scheduled principal payments on debt; fund expected distributions to limited partners and shareholders; and fund capital expenditures and the acquisition and development of new stores.
• For the remainder of the 2026 fiscal year, we expect recurring capital expenditures to be approximately $12.5 million to $17.5 million, planned capital improvements and store upgrades to be approximately $9.0 million to $14.0 million and costs associated with the development of new stores to be approximately $2.0 to $7.0 million.
• We will have to satisfy the portion of our needs not covered by cash flow from operations through additional borrowings, including borrowings under our Revolver, sales of common or preferred shares of the Parent Company and common or preferred units of the Operating Partnership and/or cash generated through store dispositions and joint venture transactions.
• We believe that, as a publicly traded REIT, we will have access to multiple sources of capital to fund our long-term liquidity requirements, including the incurrence of additional debt and the issuance of additional equity.
• However, we cannot provide any assurance that this will be the case.
• Our ability to incur additional debt will be dependent on a number of factors, including our degree of leverage, the value of our unencumbered assets and borrowing restrictions that may be imposed by lenders.
• Our ability to access the equity capital markets will be dependent on a number of factors, including general market conditions for REITs and market perceptions about us.
• We will receive cash and own a 20% interest in the joint venture, while Heitman will contribute cash and own the remaining 80% interest.

CubeSmart's latest quarter

Questions

Did CubeSmart raise or lower its guidance?

CubeSmart (CUBE) raised its guidance on Oct 30, 2026: EPS $1.60–$1.62 for FY2026; FFO per share $2.58–$2.60 for FY2026.

What does CubeSmart expect?

We continue our focus on maximizing internal growth opportunities and selectively pursuing targeted acquisitions, co-investment partnerships and developments of self-storage properties. Set forth below is a summary of the accounting policies and estimates that management believes are critical to the preparation of the unaudited consolidated financial statements included in this Report. The Company may also consider additional factors included in the authoritative guidance, such as whether or not it is the partner in the VIE that is most closely associated with the VIE.

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.