CubeSmart Earnings: Everything You Must Know Now

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CubeSmart (NYSE:CUBE) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.

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CubeSmart Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 23.53% to $0.21 in the quarter versus EPS of $0.17 in the year-earlier quarter.

Revenue: Rose 42.67% to $77.37 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: CubeSmart reported adjusted EPS income of $0.21 per share. By that measure, the company beat the mean analyst estimate of $0.20. It beat the average revenue estimate of $73.17 million.

Quoting Management: “We saw accelerating operational performance throughout 2012,” commented Chief Executive Officer Dean Jernigan. “Importantly, we are positioned to maintain this fundamental momentum into 2013. With a high-quality team, property portfolio, operating platform, and balance sheet in place, all in the context of steady demand and limited new supply, we remain optimistic about our business.”

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