04:39 PM EST, 02/27/2025 (MT Newswires) -- CubeSmart ( CUBE ) reported Q4 adjusted funds from operations late Thursday of $0.68 per diluted share, down from $0.70 a year earlier.

Analysts polled by FactSet, on average, expected $0.68.

Revenue for the quarter ended Dec. 31 was $231.4 million, down from $235.2 million a year earlier.

Analysts expected $265.4 million.

For Q1, the real estate investment trust is projecting an adjusted FFO of $0.61 to $0.63. Analysts are looking for $0.65.

For 2025, the real estate investment trust is projecting an adjusted FFO of $2.50 to $2.59.

Analysts are looking for $2.67.

CubeSmart ( CUBE ) shares recently were down nearly 6% in Thursday's after-hours session.