FTSE 100 today: Index flat at open, European markets mixed; pound weakens
Investing.com - CubeSmart reported on Thursday third quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
CubeSmart announced earnings per share of $0.66 on revenue of $201.00. Analysts polled by Investing.com EPS of $0.28 on revenue of $244.89M.
CubeSmart 's are down 18% and is trading at $40.00 , still down 31.29% from its 52 week high of $57.34 set on Friday, December 31, 2021.
CubeSmart shares gained 1.52% to trade at $40.00 in after-hours trade the report.
CubeSmart follows other major Real Estate sector earnings this month
CubeSmart's report follows an earnings beat by American Tower on Thursday, who reported EPS of $1.8 on revenue of $2.67B, EPS of $1.13 on revenue of $2.65B.
Prologis had beat expectations on Wednesday, October 19, 2022 with third quarter EPS of $1.36 on revenue of $1.75B, for EPS of $1.34 on revenue of $1.2B.
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