CUBE — what changed in the latest 10-Q
A section-by-section comparison of CUBE's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-10-30 vs the prior 10-Q · 2026-07-31
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +18 | −18 | ~22 | 48 |
| Market risk (Item 3) | Text added/removed | 0 | 0 | ~3 | 3 |
| Controls & procedures | Text added/removed | 0 | 0 | ~3 | 4 |
| Legal proceedings | Text added/removed | 0 | 0 | ~1 | 0 |
| Other information | Text added/removed | 0 | 0 | ~1 | 0 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Not shown (absent or not faithfully extractable): Risk factors
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-10-30
Interest expense on loans increased from $29.4 million during the three months ended September 30, 2025 to $31.1 million during the three months ended September 30, 2026, an increase of $1.7 million, or 5.8%. The increase was attributable to an increase in the average outstanding debt balance and hi…
Comparison of the nine months ended September 30, 2026 to the nine months ended September 30, 2025 (in thousands)
Depreciation and amortization decreased from $192.3 million for the nine months ended September 30, 2025 to $173.2 million for the nine months ended September 30, 2026, a decrease of $19.1 million, or 9.9%. This decrease was primarily attributable to decreased amortization of in-place lease intangib…
General and administrative expenses increased from $47.5 million for the nine months ended September 30, 2025 to $50.9 million for the nine months ended September 30, 2026, an increase of $3.5 million, or 7.3%. This increase was primarily attributable to increases in personnel expense.
Interest expense on loans increased from $84.6 million during the nine months ended September 30, 2025 to $91.3 million during the nine months ended September 30, 2026, an increase of $6.7 million, or 7.9%. The increase was attributable to an increase in the average outstanding debt balance and high…
Text removed vs the prior filing · source: 10-Q · 2026-07-31
General and administrative expenses increased from $14.9 million for the three months ended June 30, 2025 to $17.2 million for the three months ended June 30, 2026, an increase of $2.3 million, or 15.8%. This increase was primarily attributable to increases in personnel expense.
Interest expense on loans increased from $29.1 million during the three months ended June 30, 2025 to $30.3 million during the three months ended June 30, 2026, an increase of $1.3 million, or 4.3%. The increase was attributable to an increase in the average outstanding debt balance and higher inter…
outstanding debt increased from 3.32% during the three months ended June 30, 2025 to 3.33% for the three months ended June 30, 2026.
Gain from sale of real estate, net was $2.5 million for the three months ended June 30, 2026. This gain was related to the sale of a parcel of land adjacent to one of our stores. There were no such gains during the three months ended June 30, 2025.
Comparison of the six months ended June 30, 2026 to the six months ended June 30, 2025 (in thousands)
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice