CubeSmart reports Q4 EPS 50c, consensus 45c

Reports Q4 adjusted FFO 70c. Reports Q4 revenue $231.66M, consensus $244.66M. “We closed 2023 with another solid quarter as we experienced more stable trends compared to earlier in the year. New York City generated portfolio-leading growth, showcasing the strength of the market’s demand profile and the muted new supply backdrop,” commented CEO Christopher Marr. “Looking to 2024, our strong platform and team, coupled with our significant balance sheet capacity, have us well-positioned to execute our growth strategy in any macroeconomic climate.”