CubeSmart
CUBE
Market cap $11.5B

51.16 USD

-0.91

1.75%

At close Oct 4, 4:00 PM EDT

After hours

51.16

+0.00

0%

1 day

-1.75%

5 days

-3.60%

1 month

-1.31%

3 months

14.53%

6 months

11.87%

Year to date

7.12%

1 year

36.57%

5 years

46.13%

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

Financials Real Estate Investment Trusts

0

Funds holding %

of 6,728 funds

0

Analysts bullish %

of 11 analysts

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

29% more call options, than puts

Call options by funds: $4.74M | Put options by funds: $3.67M

3.59% more ownership

Funds ownership: 93.31% [Q1] → 96.9% (+3.59%) [Q2]

4% more capital invested

Capital invested by funds: $9.49B [Q1] → $9.84B (+$350M) [Q2]

1% more repeat investments, than reductions

Existing positions increased: 159 | Existing positions reduced: 158

1% less funds holding

Funds holding: 421 [Q1] → 418 (-3) [Q2]

6% less first-time investments, than exits

New positions opened: 45 | Existing positions closed: 48

See Fund Rankings

Research analyst outlook

11 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target

$45

12%

downside

Avg. target

$53

3%

upside

High target

$62

21%

upside

11 analyst ratings

4 positive

36%

7 neutral

64%

0 negative

0%

Jefferies Jonathan Petersen 60% 1-year accuracy 6 / 10 met price target	21%upside $62	Buy Maintained	18 Sept 2024
Evercore ISI Group Steve Sakwa 51% 1-year accuracy 28 / 55 met price target	4%upside $53	In-Line Maintained	16 Sept 2024
UBS Michael Goldsmith 56% 1-year accuracy 5 / 9 met price target	6%upside $54	Neutral Downgraded	13 Sept 2024
RBC Capital Brad Heffern 92% 1-year accuracy 36 / 39 met price target	9%upside $56	Outperform Initiated	10 Sept 2024
Evercore ISI Group Steve Sakwa 51% 1-year accuracy 28 / 55 met price target	2%upside $52	In-Line Maintained	28 Aug 2024

See Analyst Rankings

Financial journalist opinion

An October Surprise

U.S. equity markets extended gains to a fourth-straight week despite a resurgence in benchmark interest rates after a critical slate of employment data showed surprisingly strong labor market trends. One of several strong employment reports, Nonfarm Payrolls data showed that the U.S. economy added 254k jobs in September - the strongest in six months and well above consensus estimates. Combined with a nearly 10% surge in crude oil prices driven by renewed Middle East tensions, markets reflected a significantly less aggressive Fed rate cut path in the months ahead.

An October Surprise

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 market close on Thursday, October 31, 2024. An accompanying conference call will be held at 11:00 a.m. ET on Friday, November 1, 2024.

CubeSmart Announces the Date of Its Third Quarter 2024 Earnings Release and Conference Call

A Summer To Remember

U.S. equity markets climbed to record-highs while benchmark interest rates rebounded from eight-month lows on a relatively quiet end-of-summer week as investors parsed a 'Goldilocks' slate of economic data. PCE data showed modest inflationary pressures in July - keeping the Fed on course for multiple rate cuts by year-end - while consumer spending and consumer confidence data topped estimates. Posting gains for a fourth week following a three-week skid in late July, the S&P 500 gained another 0.3% this week. The Dow Jones finished the week at all-time record-highs.

A Summer To Remember

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 top picks ranging from low to high yield.

Jerome Powell Just Launched REIT Season, Here Are 3 Top Buys

Zacks Investment Research

ESRT or CUBE: Which Is the Better Value Stock Right Now?

Investors interested in stocks from the REIT and Equity Trust - Other sector have probably already heard of Empire State Realty Trust (ESRT) and CubeSmart (CUBE). But which of these two stocks presents investors with the better value opportunity right now?

ESRT or CUBE: Which Is the Better Value Stock Right Now?

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, following its next policy meeting.

Four REIT stocks pass a strict quality screen, with dividend yields up to 6.19%

Chasing Goldilocks

U.S. equity markets rallied while benchmark interest rates remained near the lows of the year after a critical slate of inflation data showed further encouraging signs of cooling price pressures. The Consumer Price Index posted a downside surprise for a fourth straight month, underscored by a "2-Handle" on Headline CPI, which follows a period of historically high inflation from 2021 to 2023. Sparking a renewed "Goldilocks" narrative, Retail Sales data was notably stronger than expected in July - posting its strongest monthly increase in 18 months - while Jobless Claims also moderated.

Chasing Goldilocks

The Return Of Volatility

In a highly volatile week across global financial markets, U.S. equity markets ultimately finished the week little-changed, while benchmark interest rates rebounded from the lowest levels of the year. Following a historic surge in volatility, stabilization in Asian and European markets, decent jobless claims data, and clarity on the domestic Presidential matchup helped to ease market jitters. Narrowly avoiding a fourth-straight week of losses, the S&P 500 finished flat - staging a late-week rebound after sharp declines early in the week. The Nasdaq remained in "correction territory."

The Return Of Volatility

The 3 Best REITs to Buy in August 2024

In recent years, real estate investment trusts (REITs) have notably underperformed compared to broader market indices, largely due to elevated interest rates. High interest rates place significant pressure on REIT share prices for two primary reasons.

The 3 Best REITs to Buy in August 2024

Behind The Curve

U.S. equity markets tumbled in a volatile week, while benchmark interest rates plunged by the most since December 2008 after employment data showed decisive evidence of weakening labor market conditions. Volatility was amplified by a confluence of central bank policy decisions, a hit-and-miss slate of corporate earnings results, an intensification of geopolitical risks, and a re-pricing of domestic political expectations. Among several weak employment reports, the critical nonfarm payrolls report showed that the unemployment rate jumped to the highest level since 2021 in July, and the report was even weaker under-the-surface.

Behind The Curve

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