CubeSmart reported positive growth in move-in rates during the quarter, with 2.5% increase. Trends in October indicated a slight decline, typical after a peak in July. The company anticipates stabilized trends in move-in rates, occupancy, and demand levels, leading to gradual improvement in same-store revenue growth. The company remains optimistic about future performance, expecting positive revenue growth by 2026 and beyond.

The company is actively acquiring new stores, with three under contract in the fourth quarter. The acquisitions are projected to stabilize with cap rates in the low fives, expected to reach around six in the next two to three years. CubeSmart remains open to underwriting opportunities in all markets, focusing on risk-adjusted returns rather than market biases. The company anticipates a gradual recovery in supply, with developers likely to wait until existing projects stabilize before initiating new developments.

CubeSmart’s third-party management program added 130 stores this year, continuing a trend of growth for the eighth consecutive year. The company aims to add value to owners and stabilize performance, even as some stores may leave the platform due to transactions or other factors. The company’s portfolio remains strong, with outperformance in markets like New York City due to limited new supply and high asset quality.

Overall, CubeSmart expects positive trends to continue, leading to improved performance by 2026. The company remains focused on customer health, move-in rates, and occupancy levels to drive revenue growth. Stabilizing trends and encouraging signs indicate a positive trajectory for the company, positioning them well for future growth and success.

Read more at Yahoo Finance: CubeSmart (CUBE) Q3 2025 Earnings Call Transcript