CubeSmart (CUBE) reported quarterly earnings results on Thursday, Apr-28-2016. The company reported $0.32 EPS for the quarter. Analysts had a consensus estimate of $0.32. The company posted revenue of $118.87 million in the period, compared to analysts expectations of $118.00 million. The company’s revenue was up 14.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.28 EPS.
CubeSmart closed down -0.48 points or -1.56% at $30.25 with 12,65,891 shares getting traded on Wednesday. Post opening the session at $30.74, the shares hit an intraday low of $29.9 and an intraday high of $30.77 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
In a different news, on Aug 12, 2015, Timothy M Martin (CFO) sold 110,046 shares at $26.23 per share price. According to the SEC, on May 5, 2015, Jeffrey P Foster (Sr. VP – Chief Legal Officer) sold 108,376 shares at $23.56 per share price.
CubeSmart is a self-administered and self-managed real estate company focused primarily on the ownership operation management acquisition and development of self-storage facilities in the United States. The Company’s self-storage facilities offer storage space for its residential and commercial customers with features such as wide aisles and loadbearing capabilities for large truck access. As of December 31 2014 the Company owned 421 self-storage facilities located in 22 states of the United States and in the District of Columbia containing an aggregate of approximately 28.6 million rentable square feet. As of December 31 2014 the Company managed 174 facilities for third parties (including 35 facilities containing an aggregate of approximately 2.4 million rentable square feet as part of an unconsolidated real estate venture in which it owns a 50% interest).