CubeSmart (CUBE)
| Market Cap | 9.51B |
| Revenue (ttm) | 1.07B |
| Net Income (ttm) | 401.96M |
| Shares Out | 227.39M |
| EPS (ttm) | 1.78 |
| PE Ratio | 23.49 |
| Forward PE | 23.84 |
| Dividend | $2.08 (4.98%) |
| Ex-Dividend Date | Jan 2, 2025 |
| Volume | 1,215,382 |
| Open | 42.11 |
| Previous Close | 41.98 |
| Day's Range | 41.57 - 42.15 |
| 52-Week Range | 39.80 - 55.14 |
| Beta | 0.88 |
| Analysts | Buy |
| Price Target | 50.64 (+21.12%) |
| Earnings Date | Feb 27, 2025 |
About CUBE
CubeSmart is a self-administered and self-managed real estate investment trust. The Company's self-storage properties are designed to offer affordable, easily accessible and, in most locations, climate-controlled storage space for residential and commercial customers. According to the 2024 Self-Storage Almanac, CubeSmart is one of the top three owners and operators of self-storage properties in the United States. [Read more]
Financial Performance
In 2023, CubeSmart's revenue was $1.05 billion, an increase of 4.16% compared to the previous year's $1.01 billion. Earnings were $410.76 million, an increase of 41.03%.
Financial StatementsAnalyst Forecast
According to 11 analysts, the average rating for CUBE stock is "Buy." The 12-month stock price forecast is $50.64, which is an increase of 21.12% from the latest price.
News
Newmark Arranges Recapitalization of 14-Property Dallas-Fort Worth Self-Storage Portfolio for Hines and CubeSmart
Joint venture of Hines and CubeSmart closes on one of the United States' largest self-storage portfolio transactions of 2024i DALLAS , Jan. 31, 2025 /PRNewswire/ -- Newmark announces the firm has brok...
CubeSmart Announces the Date of Its Fourth Quarter 2024 Earnings Release and Conference Call
MALVERN, Pa., Jan. 27, 2025 (GLOBE NEWSWIRE) -- CubeSmart (NYSE: CUBE) today announced that the Company will release financial results for the three-month period ended December 31, 2024 after the mark...
CubeSmart Announces Tax Allocations of 2024 Distributions
MALVERN, Pa., Jan. 21, 2025 (GLOBE NEWSWIRE) -- CubeSmart (NYSE: CUBE) announced today the tax allocations of its 2024 distributions for CubeSmart Common Shares of Beneficial Interest.
CubeSmart's Chief Operating Officer Joel Keaton to Retire Following an Over 30 Year Career in the Self-Storage Industry
Company Promotes Proven Leaders to Continue Driving Growth and Value Creation Company Promotes Proven Leaders to Continue Driving Growth and Value Creation
Undercovered Dozen: LexinFintech, Aemetis, HashiCorp, CubeSmart +
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CubeSmart: Buy For Dividend Growth From Self Storage
CubeSmart is an efficient manager of self-storage property, the demand for which is driven by the 4 Ds: Dislocation, Divorce, Downsizing, and Death. The company has proven to be a profitable property ...
CubeSmart Announces 2.0% Increase in Quarterly Common Dividend
MALVERN, Pa., Dec. 13, 2024 (GLOBE NEWSWIRE) -- CubeSmart (NYSE: CUBE) announced today that its Board of Trustees declared a quarterly dividend of $0.52 per common share for the period ending December...
Property Type Round-Up From REITworld 2024
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CubeSmart (CUBE) Q3 2024 Earnings Call Transcript
CubeSmart (NYSE:CUBE) Q3 2024 Earnings Conference Call November 1, 2024 11:00 AM ET Company Participants Josh Schutzer – Vice President of Finance Chris Marr – President and Chief Executive Officer T...
CubeSmart Reports Third Quarter 2024 Results
MALVERN, Pa., Oct. 31, 2024 (GLOBE NEWSWIRE) -- CubeSmart (NYSE: CUBE) today announced its operating results for the three and nine months ended September 30, 2024.
Urbanization Fuels CubeSmart's Expansion, But Headwinds Lie Ahead
CubeSmart is well-positioned in the self-storage industry, leveraging urbanization and e-commerce trends, but faces short-term challenges with rising costs and flatlining revenue. CubeSmart's strong m...
CubeSmart Announces the Date of Its Third Quarter 2024 Earnings Release and Conference Call
MALVERN, Pa., Oct. 01, 2024 (GLOBE NEWSWIRE) -- CubeSmart (NYSE: CUBE) today announced that the Company will release financial results for the three-month period ended September 30, 2024 after the mar...
Jerome Powell Just Launched REIT Season, Here Are 3 Top Buys
Mr. Powell and I rarely see eye to eye. I've usually been right. REITs are set for a bullish trend with the Fed expected to cut rates, offering attractive valuations and growth potential. Here are 3 t...
Four REIT stocks pass a strict quality screen, with dividend yields up to 6.19%
Investors can never predict the exact timing of interest-rate cuts, but many expect the Federal Open Market Committee to begin reducing the target range for the federal-funds rate on Sept. 18, followi...
CubeSmart (CUBE) Q2 2024 Earnings Call Transcript
CubeSmart (CUBE) Q2 2024 Earnings Call Transcript
CubeSmart Reports Second Quarter 2024 Results
MALVERN, Pa., Aug. 01, 2024 (GLOBE NEWSWIRE) -- CubeSmart (NYSE: CUBE) today announced its operating results for the three and six months ended June 30, 2024.
CubeSmart Q2 Earnings Preview: Can Self-Storage Make A Summer Rebound?
CubeSmart (CUBE) is an underrated REIT in the self-storage sector, benefiting from a generational shift in living habits during the pandemic. CubeSmart is an owner, developer, and manager of self-stor...
CubeSmart Declares Third Quarter 2024 Dividend
MALVERN, Pa., July 23, 2024 (GLOBE NEWSWIRE) -- CubeSmart (NYSE: CUBE) announced today that its Board of Trustees declared a quarterly dividend of $0.51 per common share for the period ending Septembe...
CubeSmart: One Of The Most Boring Business Models Delivers The Most Consistent Returns
CubeSmart operates as a REIT that provides self storage facilities across the US. CUBE has remained consistent in earnings growth due to a steadily increasing portfolio of properties. The current divi...
REITs: Why investors should consider industrials
Investing in real estate can be tricky. One way to do it is through REITs or real estate investment trusts.
CubeSmart Announces the Date of Its Second Quarter 2024 Earnings Release and Conference Call
MALVERN, Pa., July 01, 2024 (GLOBE NEWSWIRE) -- CubeSmart (NYSE: CUBE) today announced that the Company will release financial results for the three-month period ended June 30, 2024 after the market c...
Chart Master: Is a REIT revival incoming?
Carter Worth, Worth Charting, joins 'Fast Money' to talk the REIT space and what technical indicators are signaling about the space.
State Of REIT Nation: Waiting At The Bottom
REITweek, the annual REIT industry conference, was held last week in New York City. Humbled by two years of rate-driven headwinds, the venue halls were as quiet as any REITweek. Excitement was muted a...
These 3 Real Estate Stocks Delivering High-Dividend Yields Are Recommended By Wall Street's Most Accurate Analysts - Agree Realty (NYSE:ADC), CubeSmart (NYSE:CUBE)
During times of turbulence and uncertainty in the markets, even when markets are at all-time highs, many investors turn to dividend-yielding stocks. These are often companies that have high free cash ...
CubeSmart Declares Second Quarter 2024 Dividend
MALVERN, Pa., May 21, 2024 (GLOBE NEWSWIRE) -- CubeSmart (NYSE: CUBE) announced today that its Board of Trustees declared a quarterly dividend of $0.51 per common share for the period ending June 30, ...