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
0
Funds holding %
of 7,290 funds
0
Analysts bullish %
of 5 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]
45% more first-time investments, than exits
New positions opened: 61 | Existing positions closed: 42
28% more call options, than puts
Call options by funds: $3.14M | Put options by funds: $2.45M
2.31% more ownership
Funds ownership: 94.76% [Q3] → 97.07% (+2.31%) [Q4]
6% more repeat investments, than reductions
Existing positions increased: 166 | Existing positions reduced: 157
1% more funds holding
Funds holding: 446 [Q3] → 449 (+3) [Q4]
18% less capital invested
Capital invested by funds: $11.5B [Q3] → $9.39B (-$2.08B) [Q4]
Research analyst outlook
5 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$44
2%
upside
Avg. target
$48
11%
upside
High target
$52
21%
upside
5 analyst ratings
2 positive
40%
3 neutral
60%
0 negative
0%
Wells Fargo Eric Luebchow 60% 1-year accuracy 29 / 48 met price target | 2%upside $44 | Equal-Weight Maintained | 21 Feb 2025 |
Truist Securities Ki Bin Kim 71% 1-year accuracy 20 / 28 met price target | 9%upside $47 | Buy Upgraded | 17 Jan 2025 |
Barclays Brendan Lynch 52% 1-year accuracy 16 / 31 met price target | 16%upside $50 | Equal-Weight Maintained | 13 Jan 2025 |
Deutsche Bank Omotayo Okusanya 69% 1-year accuracy 9 / 13 met price target | 5%upside $45 | Hold Upgraded | 10 Jan 2025 |
Scotiabank Daniel Tricarico 0% 1-year accuracy 0 / 2 met price target | 21%upside $52 | Sector Outperform Maintained | 25 Nov 2024 |
Financial journalist opinion
Based on 9 articles about CUBE published over the past 30 days
Neutral
Zacks Investment Research
1 day ago
Curious about CubeSmart (CUBE) Q4 Performance? Explore Wall Street Estimates for Key Metrics
Get a deeper insight into the potential performance of CubeSmart (CUBE) for the quarter ended December 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
Negative
Seeking Alpha
2 days ago
Bad Vibes, Positive Results
US equity markets slumped this week - while benchmark interest rates tumbled to two-month lows - after downbeat economic data and cautious corporate commentary sparked concern over slowing economic growth. Compounded by some unsettling COVID-related headlines late in the week, investors adopted a more "risk off" position after consumer and business survey data picked up a sudden negative sentiment shift. After notching a pair of record-highs early in the week, a two-day tumble sent the S&P 500 lower by 1.6% on the week. Small-Caps and Mid-Caps both dipped over 3%.
Neutral
Seeking Alpha
1 week ago
Inflation Isn't Dead Yet
US equity markets flirted with fresh record-highs this week while benchmark interest rates hovered around two-month lows as investors weighed positive earnings news against uncomfortable hot inflation data. Complicating the policy outlook for the Federal Reserve, CPI data showed the fastest monthly rise in consumer prices since August, prompting a pledge from Powell for "more work to do." Snapping a two-week losing streak, the S&P 500 rebounded by 1.5%, closing fractionally below its prior record-high set in late January. The tech-heavy Nasdaq 100 rallied nearly 3%.
Neutral
Zacks Investment Research
1 week ago
DRH vs. CUBE: Which Stock Is the Better Value Option?
Investors looking for stocks in the REIT and Equity Trust - Other sector might want to consider either DiamondRock Hospitality (DRH) or CubeSmart (CUBE). But which of these two stocks is more attractive to value investors?
Negative
Seeking Alpha
3 weeks ago
Volatility Is Back
US equity markets posted modest declines this week amid a "DeepSeek" tumble, while interest rates declined to six-week lows as markets responded to the pause in the Fed's rate-cutting cycle. The Nasdaq 100 was the center of the action this week, dipping 1.4% on concern over potential competition from Chinese startup DeepSeek, which sparked a sharp sell-off in AI-darlings. Real estate equities were among the stronger performers for a third-straight week, buoyed by easing interest rates and by a relatively solid start to REIT earnings season.
Neutral
PRNewsWire
3 weeks ago
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 brokered a recapitalization and new joint venture between Hines and CubeSmart for a 14-property self-storage portfolio located across the Dallas-Fort Worth Metroplex. Newmark Vice Chairman and leader of the firm's National Self Storage Capital Markets practice, Aaron Swerdlin , along with Executive Managing Director Andrew Warin and team, advised Hines on the recapitalization.
Positive
Zacks Investment Research
3 weeks ago
DRH or CUBE: Which Is the Better Value Stock Right Now?
Investors with an interest in REIT and Equity Trust - Other stocks have likely encountered both DiamondRock Hospitality (DRH) and CubeSmart (CUBE). But which of these two stocks presents investors with the better value opportunity right now?
Neutral
GlobeNewsWire
4 weeks ago
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 market close on Thursday, February 27, 2025. An accompanying conference call will be held at 11:00 a.m. ET on Friday, February 28, 2025.
Positive
Seeking Alpha
4 weeks ago
Morning In America
Following the best week since November, U.S. markets posted their best first-week of a Presidential term since 1985 as investors saw business-friendly undertones in the early days of the new administration. Striking an agreeable tone for markets that were wary of the inflationary impacts of trade and fiscal policy, President Trump focused on supply side policies and didn't immediately implement sweeping tariffs. Posting record-highs for the first time since early December, the S&P 500 gained another 1.7% on the week, notching back-to-back weekly gains following a stretch of 4-of-5 weekly losses.
Neutral
GlobeNewsWire
1 month ago
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.
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