CubeSmart (CUBE)
| Market Cap | 9.63B |
| Revenue (ttm) | 1.07B |
| Net Income (ttm) | 391.18M |
| Shares Out | 229.07M |
| EPS (ttm) | 1.72 |
| PE Ratio | 24.45 |
| Forward PE | 26.70 |
| Dividend | $2.08 (4.95%) |
| Ex-Dividend Date | Apr 1, 2025 |
| Volume | 903,019 |
| Open | 41.91 |
| Previous Close | 41.61 |
| Day's Range | 41.43 - 42.06 |
| 52-Week Range | 39.80 - 55.14 |
| Beta | 0.90 |
| Analysts | Buy |
| Price Target | 49.33 (+17.29%) |
| Earnings Date | Apr 24, 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 2024, CubeSmart's revenue was $1.07 billion, an increase of 1.31% compared to the previous year's $1.05 billion. Earnings were $391.18 million, a decrease of -4.77%.
Financial StatementsAnalyst Forecast
According to 12 analysts, the average rating for CUBE stock is "Buy." The 12-month stock price forecast is $49.33, which is an increase of 17.29% from the latest price.
News
State Of REITs: The 'Dark Age' Is Over
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Why CubeSmart Is Squarely A Hold For Now (Rating Downgrade)
CubeSmart faces near-term headwinds with declining rental rates and occupancy, leading to muted management guidance for 2025. Despite a strong balance sheet and 5.0% dividend yield, CUBE's lack of cle...
CubeSmart (CUBE) Q4 2024 Earnings Call Transcript
CubeSmart (NYSE:CUBE) Q4 2024 Earnings Conference Call February 28, 2025 11:00 AM ET Company Participants Josh Schutzer – Vice President-Finance Chris Marr – President and Chief Executive Officer Tim...
CubeSmart Reports Fourth Quarter and Annual 2024 Results
MALVERN, Pa., Feb. 27, 2025 (GLOBE NEWSWIRE) -- CubeSmart (NYSE: CUBE) today announced its operating results for the three and twelve months ended December 31, 2024.
CubeSmart Declares First Quarter 2025 Dividend
MALVERN, Pa., Feb. 25, 2025 (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 March 31...
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
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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...