CubeSmart (CUBE) CEO Christopher Marr on Q2 2020 Results - Earnings Call Transcript

Aug. 07, 2020 5:30 PM ETCubeSmart (CUBE) StockCUBE
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Q2: 2020-08-06 Earnings Summary

EPS of $0.20 beats by $0.03
 | Revenue of $163.80M (3.01% Y/Y) beats by $1.25M

CubeSmart (NYSE:CUBE) Q2 2020 Earnings Conference Call August 7, 2020 11:00 AM ET

Company Participants

Josh Schutzer - Director of Financial Analysis
Christopher Marr - President & Chief Executive Officer
Timothy Martin - Chief Financial Officer & Treasurer

Conference Call Participants

Smedes Rose - Citi
Todd Thomas - KeyBanc Capital Markets
Ryan Lumb - Green Street Advisors
Michael Mueller - JP Morgan
Samir Khanal - Evercore
Ki Bin Kim - SunTrust

Operator

Good day, and welcome to the CubeSmart Second Quarter 2020 Earnings Conference Call. All participants will be in listen-only mode. [Operator Instructions] Please note this event is being recorded.

Now, I'd like to turn the conference over to Josh Schutzer, Senior Director of Finance. Please go ahead.

Josh Schutzer

Thank you, Cole. Hello, everyone, and good morning, welcome to CubeSmart's second quarter 2020 earnings call. Participants on today's call include Chris Marr, President and Chief Executive Officer, and Tim Martin, Chief Financial Officer. Our prepared remarks will be followed by a Q&A session.

In addition to our earnings release, which was issued yesterday evening, supplemental operating and financial data is available under the Investor Relations section of the company's website at www.cubesmart.com. The company's remarks will include certain forward-looking statements regarding earnings and strategy that involve risks, uncertainties and other factors that may cause the actual results to differ materially from these forward-looking statements. The risks and factors that could cause our actual results to differ materially from forward-looking statements are provided in documents the company furnishes to or files with the Securities and Exchange Commission, specifically, the Form 8-K we filed this morning, together with our earnings release filed Form 8-K and the Risk Factors section of the company's annual report on Form 10-K.

In addition, the company's remarks include reference to non-GAAP measures. A reconciliation between GAAP and

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