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 6,823 funds
0
Analysts bullish %
of 6 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
254% more call options, than puts
Call options by funds: $5.66M | Put options by funds: $1.6M
100% more funds holding in top 10
Funds holding in top 10: 1 [Q2] → 2 (+1) [Q3]
86% more first-time investments, than exits
New positions opened: 65 | Existing positions closed: 35
15% more repeat investments, than reductions
Existing positions increased: 170 | Existing positions reduced: 148
12% more capital invested
Capital invested by funds: $10.2B [Q2] → $11.5B (+$1.27B) [Q3]
6% more funds holding
Funds holding: 420 [Q2] → 444 (+24) [Q3]
5.67% less ownership
Funds ownership: 100.39% [Q2] → 94.72% (-5.67%) [Q3]
Research analyst outlook
6 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$45
9%
upside
Avg. target
$50
20%
upside
High target
$53
28%
upside
6 analyst ratings
3 positive
50%
3 neutral
50%
0 negative
0%
Truist Securities Ki Bin Kim 43% 1-year accuracy 13 / 30 met price target | 14%upside $47 | Buy Upgraded | 17 Jan 2025 |
Barclays Brendan Lynch 44% 1-year accuracy 15 / 34 met price target | 21%upside $50 | Equal-Weight Maintained | 13 Jan 2025 |
Deutsche Bank Omotayo Okusanya 67% 1-year accuracy 14 / 21 met price target | 9%upside $45 | Hold Upgraded | 10 Jan 2025 |
Scotiabank Daniel Tricarico 0% 1-year accuracy 0 / 2 met price target | 26%upside $52 | Sector Outperform Maintained | 25 Nov 2024 |
RBC Capital Brad Heffern 46% 1-year accuracy 16 / 35 met price target | 28%upside $53 | Outperform Maintained | 4 Nov 2024 |
Financial journalist opinion
Neutral
GlobeNewsWire
3 days ago
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
Negative
Seeking Alpha
4 weeks ago
Powell Plays Grinch
U.S. equity markets tumbled this week while benchmark interest rates jumped to six-month highs after the Fed cut rates for a third-straight meeting but indicated a less-dovish outlook for 2025. Reflecting concern over stubbornly sticky inflation and buoyant economic growth, the FOMC's updated Economic Projections indicate just two rate cuts in 2025, down from four in the prior forecast. Posting its worst week since November, the S&P 500 dipped 2.2%. The Dow shed roughly 1,000 points, while the Small-Cap 600 and the Mid-Cap 400 each tumbled by nearly 5%.
Neutral
Seeking Alpha
1 month ago
Undercovered Dozen: LexinFintech, Aemetis, HashiCorp, CubeSmart +
The 'Undercovered' Dozen series highlights 12 lesser-covered stocks, offering fresh investment ideas and encouraging discussion among investors. AI-driven lending, exemplified by Pagaya Technologies, is poised for significant growth, offering enhanced decision-making and operational efficiencies. Ahan Vashi makes this their top pick for 2025. Ambev S.A. faces challenges due to Brazil's adverse economic conditions, limiting long-term capital gains and justifying a bearish outlook according to Bernard Zambonin.
Positive
Seeking Alpha
1 month ago
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 manager and asset allocator, creating significant value for shareholders. I rate CubeSmart a Buy, as I view it as a stable investment with the potential for double-digit CAGR.
Neutral
GlobeNewsWire
1 month ago
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 31, 2024. The dividend is payable on January 16, 2025 to common shareholders of record on January 2, 2025.
Positive
Seeking Alpha
1 month ago
Property Type Round-Up From REITworld 2024
REITs are poised for growth with stabilizing interest rates, low new supply, and robust balance sheets supporting higher rents and long-term asset growth. Healthcare REITs benefit from strong senior housing demand and limited new supply, despite valuation debates and management changes at Healthcare Realty. Multifamily and single-family rental sectors show regional variability, but long-term growth driven by demographic trends.
Positive
Benzinga
1 month ago
Wall Street's Most Accurate Analysts Give Their Take On 3 Real Estate Stocks Delivering High-Dividend Yields
During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.
Positive
Seeking Alpha
2 months ago
A Decisive Realignment
U.S. equity markets soared to record highs this week after President-elect Trump scored a surprisingly decisive election victory, including a likely "trifecta" of Republican legislative control in Congress. The outcome sparked powerful moves across global financial markets as investors priced in a combination of domestic-focused and "pro-growth" economic policies but also reflected concern over deficits and immigration policy. Characteristic of the "Trump trade" dynamic, smaller-cap companies led the surge, outperforming mega-cap technology and international-heavy peers. The S&P Small-Cap 600 soared 9%, outpacing 5% gains from the S&P 500.
Negative
Seeking Alpha
2 months ago
Pivotal Decisions
Ahead of a pivotal week of consequential decisions, U.S. equity markets posted a second-straight week of declines as investors parsed a relatively disappointing slate of employment and inflation data. The pivotal Nonfarm Payrolls report showed that the U.S. economy added just 12k jobs in October - the weakest month since 2020 - with notably weaker trends under the surface. Private employment declined by 28k during the month, fueled by the largest plunge in manufacturing employment since the pandemic shutdown, alongside job declines in retail, transportation, and hospitality.
Neutral
Seeking Alpha
2 months ago
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 Tim Martin – Chief Financial Officer Conference Call Participants Jeffrey Spector – Bank of America Michael Goldsmith – UBS Juan Sanabria – BMO Capital Markets Daniel Tricarico – Scotiabank Nick Joseph – Citi Todd Thomas – KeyBanc Capital Markets Omotayo Okusanya – Deutsche Bank Ki Bin Kim – Truist Mike Mueller – JPMorgan Eric Luebchow – Wells Fargo Brendan Lynch – Barclays Operator Thank you for standing by. My name is John, and I will be your conference operator today.
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