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29.07.2019 22:57:00

CubeSmart Is Adapting to Higher Supply in the Self-Storage Market

Self-storage REIT CubeSmart's (NYSE: CUBE) second-quarter 2019 earnings, released on July 26, indicated progress in the company's three-pronged revenue approach of owning and operating storage facilities, developing and selling new properties, and providing third-party management services to owners of competing properties. Midway through the year, the company also appears to be dealing effectively with an increase in self-storage supply in its most important markets. As we break down the details of the last three months, note that all comparative numbers below are presented against those of the prior-year quarter.Data source: CubeSmart. Image source: Getty Images.Continue reading
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