05:43 PM EDT, 05/01/2025 (MT Newswires) -- CubeSmart ( CUBE ) reported Q1 adjusted funds from operations late Thursday of $0.64 per diluted share, unchanged from a year earlier.

Analysts polled by FactSet expected $0.60.

Revenue for the quarter ended March 31 was $273.0 million, up from $261.4 million a year earlier.

Analysts surveyed by FactSet expected $263.5 million.

The company set Q2 AFFO guidance of $0.63 to $0.65 per diluted share. Analysts expect $0.61.

The company also adjusted its 2025 full-year AFFO guidance to $2.51 to $2.59 from $2.50 to $2.59 earlier. Analysts expect $2.47.

Shares were up 1.9% in after-hours trading.