CubeSmart (CUBE) Q3 2024 Earnings Call Transcript Summary
CubeSmart (CUBE) Q3 2024 Earnings Call Transcript Summary
Same-store NOI experienced a negative growth of 3.1%.The following is a summary of the CubeSmart (CUBE) Q3 2024 Earnings Call Transcript:
以下是cubesmart（CUBE）Q3 2024年业绩会成绩单摘要:
Financial Performance:
财务表现:
Same-store revenue declined by 0.8% compared to last year.
Same-store operating expenses grew by 5.3%, driven by property insurance and marketing spending.
Same-store NOI experienced a negative growth of 3.1%.
Reported FFO per share as adjusted was $0.67, hitting the midpoint of their guidance range.
同店销售收入较去年下降0.8%。
同店营业费用增长5.3%，主要受房产保险和营销支出推动。
同店净营业收入负增长3.1%。
经调整后每股报告FFO为0.67美元，达到他们指导区间的中值。
Business Progress:
业务进展：
CubeSmart added 24 stores to their third-party management platform, reaching a total of 893 managed stores at quarter's end.
Announced plans to acquire two storage properties in the fourth quarter, with several other transactions under consideration.
CubeSmart将24家门店添加到其第三方管理平台，截止季末共管理893家门店。
宣布计划在第四季度收购两个仓储物业，在考虑中的还有其他交易。
Opportunities:
机会：
CubeSmart is prepared to capitalize on acquisition opportunities with a constructive market environment observed, and momentum building late in the year.
Positioned well to handle external growth with a strong balance sheet and low leverage.
cubesmart准备利用观察到的建设性市场环境来实现收购机会，并且在年底形势正在积极发展。
通过强劲的资产负债表和低杠杆，定位良好以处理外部增长。
Risks:
风险：
Lower than expected store performance due to a competitive pricing environment and slower rental volumes.
Continuing impact of extended periods of high supply in certain markets affecting pricing.
由于竞争激烈的定价环境和租赁量较慢，门店表现低于预期。
继续高供应周期延长在特定市场产生的影响，影响价格。
Tips: This article is generated by AI. The accuracy of the content can not be fully guaranteed. For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：本文由人工智能生成。内容准确性无法完全保证。如需更全面详情，请参阅IR网站。本文仅供投资者参考，不具有任何指导或推荐建议。
