CubeSmart (CUBE) Q3 2025 results show top-line growth driven by asset expansion but significant margin compression, leading to lower profitability year-over-year.
Financial Performance & Profitability: Total Revenues for Q3 2025 increased 5.2% to \(285.1M, primarily due to acquisitions. However, Net Income attributable to shareholders declined sharply (17.7% in Q3 to \)82.9M, and 12.5% YTD to \(253.6M). FFO per share fell 2.6% to \)0.36 for the quarter. The earnings pressure stems mainly from substantially higher Interest Expense (up ~23% YTD to $84.6M) and sharply increased Depreciation and
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