CubeSmart (CUBE) Q4 2025 Earnings Call Transcript

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Friday, Feb. 27, 2026 astatine 11 a.m. ET

• President and Chief Executive Officer — Christopher P. Marr

• Chief Financial Officer — Timothy M. Martin

• Senior Vice President of Finance — Joshua Schutzer

Operator: My sanction is Jordan, and I volition beryllium your league relation today. At this time, I would similar to invited everyone to CubeSmart’s 4th fourth 2025 net call. All lines person been placed connected mute and determination volition beryllium a question-and-answer session. If you would similar to inquire a question during this time, delight property prima followed by the fig 1 connected your telephone keypad. If you would similar to retreat your question, delight property prima 1 again. Thank you. I would present similar to crook the telephone implicit to Joshua Schutzer, Senior Vice President of Finance. Please spell ahead.

Joshua Schutzer: Thank you, Jordan. Good morning, everyone. Welcome to CubeSmart’s 4th fourth 2025 net call. Participants connected today’s telephone see Christopher P. Marr, President and Chief Executive Officer, and Timothy M. Martin, Chief Financial Officer. Our prepared remarks volition beryllium followed by a Q&A session. In summation to our net release, which was issued yesterday evening, supplemental operating and fiscal information is disposable nether the Investor Relations conception of the company’s website astatine www.cubesmart.com. The company’s remarks volition see definite forward-looking statements regarding net and strategy that impact risks, uncertainties, and different factors that whitethorn origin the existent results to disagree materially from these forward-looking statements.

The risks and factors that could origin our existent results to disagree materially from forward-looking statements are provided successful documents the institution furnishes to, oregon files with, the Securities and Exchange Commission, specifically the Form 8-K we filed this greeting unneurotic with our net merchandise filed with the Form 8-K and the Risk Factors conception of the company’s Annual Report connected Form 10-Ks. In addition, the company’s remarks see references to non-GAAP measures. A reconciliation betwixt GAAP and non-GAAP measures tin beryllium recovered successful the 4th fourth fiscal supplement posted connected the company’s website astatine www.cubesmart.com. I volition present crook the telephone implicit to Christopher P. Marr.

Christopher P. Marr: Morning, and convey you for joining america today. We are encouraged heading into 2026 that fundamentals person stabilized and we are positioned to instrumentality to growth. Operating metrics person seen betterment implicit the past mates of quarters, and present that is opening to travel done to fiscal metrics. Our much unchangeable municipality markets successful the Northeast and Midwest proceed to outperform portion our much transient supply-impacted markets crossed the Sunbelt and the West Coast are opening to spot greenish shoots successful the signifier of 2nd derivative improvement. Across each our markets, our existing lawsuit metrics stay strong, with nary alteration to attrition rates oregon credit. 2025 was a twelvemonth of stabilization for request trends.