CubeSmartCUBE
CUBE
About: CubeSmart is a real estate investment trust that acquires, owns, and manages self-storage facilities throughout the United States. The company's real estate portfolio is composed of buildings with numerous enclosed storage areas for both residential and commercial customers to rent mainly on a month-by-month basis. Most of CubeSmart's facilities are located in Florida, Texas, California, New York, and Illinois. Cumulatively, these states account for both the majority of the square footage in the company's real estate portfolio and the majority of its revenue. The company derives nearly all of its revenue from rental income from tenants utilizing its storage facilities.
Employees: 3,040
1
Funds holding %
of 7,398 funds
6
Analysts bullish %
of 7 analysts
Fund manager confidence
Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)
100% more funds holding in top 10
Funds holding in top 10: 2 [Q3] → 4 (+2) [Q4]
49% more first-time investments, than exits
New positions opened: 64 | Existing positions closed: 43
28% more call options, than puts
Call options by funds: $3.14M | Put options by funds: $2.45M
2.75% more ownership
Funds ownership: 94.72% [Q3] → 97.47% (+2.75%) [Q4]
2% more funds holding
Funds holding: 445 [Q3] → 452 (+7) [Q4]
4% more repeat investments, than reductions
Existing positions increased: 165 | Existing positions reduced: 158
18% less capital invested
Capital invested by funds: $11.5B [Q3] → $9.4B (-$2.07B) [Q4]
Research analyst outlook
7 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$44
7%
upside
Avg. target
$47
13%
upside
High target
$49
19%
upside
7 analyst ratings
3 positive
43%
4 neutral
57%
0 negative
0%
Barclays Brendan Lynch 50% 1-year accuracy 15 / 30 met price target | 19%upside $49 | Equal-Weight Maintained | 12 Mar 2025 |
Keybanc Todd Thomas 0 / 0 met price target | 14%upside $47 | Overweight Upgraded | 6 Mar 2025 |
Scotiabank Daniel Tricarico 0% 1-year accuracy 0 / 2 met price target | 12%upside $46 | Sector Perform Downgraded | 5 Mar 2025 |
RBC Capital Brad Heffern 75% 1-year accuracy 27 / 36 met price target | 17%upside $48 | Outperform Maintained | 3 Mar 2025 |
Wells Fargo Eric Luebchow 39% 1-year accuracy 18 / 46 met price target | 7%upside $44 | Equal-Weight Maintained | 21 Feb 2025 |
Financial journalist opinion
Based on 6 articles about CUBE published over the past 30 days
Negative
Seeking Alpha
4 days ago
Countdown To Tariff Day
Ahead of the April 2nd tariff unveiling, US equity markets were under renewed pressure this week on downbeat data showing a further dip in consumer confidence and hotter-than-expected PCE inflation. As a turbulent first quarter wraps up, the updated GDPNow - the Atlanta Fed's closely watched GDP tracking model - forecasts growth of -2.8% overall and -0.5% on a "gold-adjusted basis." Posting weekly declines for the seventh time in the past nine weeks, the S&P 500 finished lower by 1.5% - extending its drawdown to 9.3% from its record-highs.
Positive
Seeking Alpha
1 week ago
State Of REITs: The 'Dark Age' Is Over
While the S&P 500 and other major benchmarks entered "correction territory" this month for the first time since 2023, U.S. REITs have meaningfully outperformed the broader equity market since mid-January. The rebound follows a truly forgettable three-year period for REITs dating back to the start of the Fed's rate hiking cycle in which REITs have accumulated 40 percentage-points of underperformance. REITs remain as unloved as ever: The number of publicly listed REITs declined for a fourth-straight year in 2024. As an asset class, REITs are the single-largest "underweight" among institutional investors.
Positive
Seeking Alpha
1 week ago
21 Upcoming Dividend Increases To Finish Q1
The lists were created using the U.S. Dividend Champions spreadsheet and NASDAQ data, ensuring companies have at least five years of dividend growth. My investment strategy focuses on buying, holding, and adding to companies with consistent dividend growth and outperformance relevant to certain benchmarks. Top-performing stocks include MPWR, STLD, and JPM. Top REITs include CTR, FR, and REXR for their impressive returns and dividend growth rates.
Negative
Seeking Alpha
2 weeks ago
Fed Looms As Sentiment Dims
US equity markets remained under pressure this week as encouraging inflation data and a deal to avoid a government shutdown were offset by further tariff escalations and weak sentiment data. Markets struggled to agree on how the FOMC will interpret the latest economic data, with recent "hard data" showing encouraging trends while "softer" survey data has painted a far-bleaker outlook. Following its worst week in six months, the S&P 500 finished lower by another 2.3% this week - its fourth-straight week of declines - which dragged the index into "correction territory."
Negative
Seeking Alpha
3 weeks ago
Losers Of REIT Earnings Season
In Part 3 of our Earnings Recap, we present a sector-by-sector breakdown of the Losers of REIT Earnings Season, discussing incremental positives/negatives and noting the individual standouts. Commercial Mortgage REITs were the "biggest loser" of REIT earnings season after results showed ongoing problems in the office space and a significant deterioration in multifamily bridge loan performance. Results from Hotel REITs were also disappointing given the record-levels of travel demand, as margin pressures from higher labor costs have taken a sizable bite out of bottom-line profitability.
Negative
Seeking Alpha
3 weeks ago
Tariff Turbulence
US equity markets tumbled this week - suffering its worst week in six months - as disappointing employment reports and fast-shifting tariff policy failed to improve skittish investor sentiment. Reminiscent of Fed Chair Powell's infamous August 2022 "some pain ahead" speech, the Trump Administration warned of a "little disturbance" and a necessary "detox period" for the U.S. economy. Softer-than-expected employment data this week fueled doubts that sweeping overhauls to trade policy and fiscal spending can be accomplished without risking a recession.
Neutral
Seeking Alpha
1 month ago
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 clear catalysts limits short-term upside potential. CUBE stock is fully valued at $41.28 with a forward P/FFO of 15.4, suggesting it may remain range-bound.
Neutral
Seeking Alpha
1 month ago
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 Martin – Chief Financial Officer Conference Call Participants Daniel Tricarico – Scotiabank Michael Goldsmith – UBS Jeff Spector – Bank of America Spenser Glimcher – Green Street Todd Thomas – KeyBanc Capital Markets Juan Sanabria – BMO Capital Markets Ki Bin Kim – Truist Securities Mike Mueller – JPMorgan Eric Wolfe – Citi Jon Petersen – Jefferies Operator Thank you for standing by. My name is Karen and I will be your conference operator today.
Positive
Zacks Investment Research
1 month ago
CubeSmart (CUBE) Meets Q4 FFO Estimates
CubeSmart (CUBE) came out with quarterly funds from operations (FFO) of $0.68 per share, in line with the Zacks Consensus Estimate. This compares to FFO of $0.70 per share a year ago.
Neutral
GlobeNewsWire
1 month ago
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.
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