CubeSmart (CUBE) Q2 2023 Earnings Call Transcript

Aug. 04, 2023 4:35 PM ETCubeSmart (CUBE) StockCUBE
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Q2: 2023-08-03 Earnings Summary

EPS of $0.43 beats by $0.01
 | Revenue of $260.81M (4.88% Y/Y) misses by $3.86M

CubeSmart (NYSE:CUBE) Q2 2023 Earnings Conference Call August 4, 2023 11:00 AM ET

Company Participants

Josh Schutzer - Vice President of Finance
Chris Marr - President & Chief Executive Officer
Tim Martin - Chief Financial Officer

Conference Call Participants

Todd Thomas - KeyBanc Capital Markets
Juan Sanabria - BMO Capital Markets
Michael Goldsmith - UBS
Samir Khanal - Evercore
Jeff Spector - Bank of America
Keegan Carl - Wolfe Research
Spenser Allaway - Green Street
Eric Luebchow - Wells Fargo
Hong Zhang - JPMorgan
Ki Bin Kim - Truist

Operator

Good morning, and afternoon ladies and gentlemen, and welcome to the CubeSmart Second Quarter 2023 Earnings Call. At his time, all lines are in a listen-only mode. Following the presentation, we will conduct a question-and-answer session. [Operator Instructions] Also note that the call is being recorded on Friday, August 4, 2023.

And I would like to turn the conference over to Josh Schutzer, Vice President of Finance. Please go ahead sir.

Josh Schutzer

Thank you, Sylvie. Good morning everyone. Welcome to CubeSmart's Second Quarter 2023 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

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