CubeSmart Q4 FFO Rises - Quick Facts

(RTTNews) - CubeSmart (CUBE) Thursday reported fourth-quarter funds from operations of $30.7 million or $0.21, up from $28.2 million or $0.21 per share last year.

Adjusted FFO for the quarter was $33.0 million or $0.23 per share, compared to $28.9 million or $0.21 per share in the same period last year. On average, 12 analysts polled by Thomson Reuters expected FFO of $0.23 per share for the quarter. Analysts' estimates typically exclude special items.

Net income for the quarter were $21.4 million or $0.15 per share, compared to loss of $21 thousand or breakeven per share.

Total revenues for the quarter were $83.0 million compared to $73.1 million last year. Analysts estimated revenues of $83.42 million for the quarter.