CubeSmart: Q2 Earnings Snapshot
By AP News
Published - Aug 02, 2024, 02:52 AM ET
Last Updated - Aug 02, 2024, 02:52 AM EDT
MALVERN, Pa. (AP) — MALVERN, Pa. (AP) — CubeSmart (CUBE) on Thursday reported a key measure of profitability in its second quarter. The results matched Wall Street expectations.
The Malvern, Pennsylvania-based real estate investment trust said it had funds from operations of $146 million, or 64 cents per share, in the period.
The average estimate of five analysts surveyed by Zacks Investment Research was for funds from operations of 64 cents per share.
Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.
