CubeSmart
What the filings actually show.
CubeSmart Q2 2026 total revenue $286.5M; same-store total revenue +0.8% YoY and same-store NOI down 0.7% YoY. Total consolidated portfolio 662 stores (48.5M rentable sqft) plus 872 managed, 1,534 total. Same-store physical occupancy 91.0% at 30 Jun 2026. FFO as adjusted $0.63/share. Revenue per sqft from the FY2025 10-K is $22.73 (highest of the major REITs) — a FY2025 figure not restated in the Q2 2026 10-Q narrative.
What this REIT does that the others don't.
Smallest of the Big 3 by owned facility count but operates the highest revenue-per-sqft in the group. CUBE's owned portfolio skews to higher-revenue facilities in tighter-supply metros; the company has been more selective in acquisitions than PSA or EXR.
What to watch through the year.
Same-store revenue growth continued to inflect positive in Q2 2026 (+0.8%), building on the recovery that began in late 2025. CUBE management commentary attributes the momentum to coastal-market exposure (less Sun Belt drag than competitors) and strengthening new-customer pricing. Watch for continued same-store acceleration through the second half of 2026.
Where these numbers come from.
Q2 2026 10-Q covering the period ending 2026-06-30; results released 2026-07-30. FY2025 10-K filed February 2026 (period ending 2025-12-31). Revenue-per-sqft figure used here is from the 10-K — labelled as FY2025 on the per-REIT page.
↗ https://www.sec.gov/Archives/edgar/data/0001298675/000129867526000038/cube-20260630x10q.htm