--- title: "CubeSmart Posts Lower Q1 Earnings, Provides 2026 Outlook" type: "News" locale: "en" url: "https://longbridge.com/en/news/284923500.md" description: "CubeSmart reported lower Q1 earnings for 2026, with net income of $82.9 million and diluted EPS of $0.36, both down from the previous year. Adjusted FFO per share decreased to $0.63. Despite a 0.6% rise in same-store revenue, NOI fell 1.5% due to higher expenses and lower occupancy. The company expanded its operations with a $28 million joint venture in New York and repurchased 0.9 million shares. Full-year guidance for EPS is $1.55–$1.63. Analysts rate CUBE stock as a Buy with a $48.00 price target." datetime: "2026-05-01T16:57:20.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/284923500.md) - [en](https://longbridge.com/en/news/284923500.md) - [zh-HK](https://longbridge.com/zh-HK/news/284923500.md) --- # CubeSmart Posts Lower Q1 Earnings, Provides 2026 Outlook ### Claim 55% Off TipRanks - Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions - Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks Cubesmart ( (CUBE) ) has shared an update. CubeSmart reported first-quarter 2026 results on April 30, 2026, posting net income attributable to common shareholders of $82.9 million and diluted EPS of $0.36, both down from a year earlier, while adjusted funds from operations per share slipped to $0.63. Same-store revenue rose 0.6% but NOI fell 1.5% amid higher operating expenses and slightly lower occupancy, though management noted that same-store revenue growth turned positive and overall operating trends were stable. The company expanded its footprint and fee-based platform by opening a $28 million joint venture development in New York, adding 33 third-party managed stores, and launching a new joint venture with an affiliate of CBRE Investment Management that completed its first Arizona acquisition for $13.6 million. CubeSmart also repurchased 0.9 million shares for $33.4 million, paid a $0.53 quarterly dividend on April 15, 2026, and reaffirmed its capital allocation discipline while issuing full-year 2026 guidance for EPS of $1.55–$1.63 and adjusted FFO per share of $2.52–$2.60. The most recent analyst rating on (CUBE) stock is a Buy with a $48.00 price target. To see the full list of analyst forecasts on Cubesmart stock, see the CUBE Stock Forecast page. **Spark’s Take on CUBE Stock** According to Spark, TipRanks’ AI Analyst, CUBE is a Outperform. Overall score reflects solid underlying financial strength (strong margins/cash flow) and an earnings-call-supported operational inflection with constructive 2026 guidance. Technicals are favorable but somewhat stretched, while valuation is mixed (high P/E offset by a strong dividend yield). Financial data inconsistencies in the latest period are a key restraint. To see Spark’s full report on CUBE stock, click here. **More about Cubesmart** CubeSmart is a self-administered, self-managed real estate investment trust focused on self‑storage properties across the United States, with a portfolio of 662 consolidated stores totaling 48.5 million rentable square feet as of March 31, 2026. The company also operates a sizable third‑party management platform, overseeing 854 additional stores with 56.3 million rentable square feet for other owners. **Average Trading Volume:** 2,405,356 **Technical Sentiment Signal:** Strong Buy **Current Market Cap:** $9.27B For a thorough assessment of CUBE stock, go to TipRanks’ Stock Analysis page. ### Related Stocks - [CUBE.US](https://longbridge.com/en/quote/CUBE.US.md) - [REZ.US](https://longbridge.com/en/quote/REZ.US.md) - [REET.US](https://longbridge.com/en/quote/REET.US.md) - [VNQ.US](https://longbridge.com/en/quote/VNQ.US.md) - [GQRE.US](https://longbridge.com/en/quote/GQRE.US.md) - [WTRE.US](https://longbridge.com/en/quote/WTRE.US.md) - [RWR.US](https://longbridge.com/en/quote/RWR.US.md) - [XLRE.US](https://longbridge.com/en/quote/XLRE.US.md) - [IYR.US](https://longbridge.com/en/quote/IYR.US.md) - [RWO.US](https://longbridge.com/en/quote/RWO.US.md) - [SCHH.US](https://longbridge.com/en/quote/SCHH.US.md) - [CBRE.US](https://longbridge.com/en/quote/CBRE.US.md) ## Related News & Research - [Cubesmart (CUBE) was upgraded to a Hold Rating at UBS](https://longbridge.com/en/news/286779564.md) - [KE Holdings Q1 2026 Margin Compression Tests Bullish Efficiency Narrative](https://longbridge.com/en/news/286981305.md) - [PSA Preferreds: The Coupon Survives. The Exit Doesn't.](https://longbridge.com/en/news/286437648.md) - [Research Alert: CFRA Keeps Hold Opinion On Shares Of Cubesmart](https://longbridge.com/en/news/285094434.md) - [New York Life Investment Management LLC Boosts Holdings in Healthpeak Properties, Inc. $DOC](https://longbridge.com/en/news/286882864.md)