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CubeSmart (CUBE) Company Overview

Profile

Full Name:

CubeSmart

Industry:

Industrial

Country:

United States

IPO:

October 22, 2004

Indexes:

Not included

Description:

CubeSmart is a self-storage company that provides secure and convenient storage solutions for individuals and businesses. They offer various unit sizes, climate-controlled options, and 24/7 access to help customers store their belongings safely and easily. CubeSmart focuses on excellent customer service and flexible rental terms.

Key Details

Price

$42.06

Annual Revenue

$1.05 B(+4.03% YoY)

Annual EPS

$1.82(+41.09% YoY)

Beta

0.47

Events Calendar

Earnings

Next earnings date:

Feb 27, 2025

Recent quarterly earnings:

Oct 31, 2024

Recent annual earnings:

Mar 1, 2024
Dividend

Next ex-dividend date:

N/A

Recent ex-dividend date:

Jan 2, 2025
Splits

Next split:

N/A

Recent split:

N/A

Analyst ratings

Recent major analysts updates

Jan 17, 25 Truist Securities
Buy
Jan 13, 25 Barclays
Equal-Weight
Jan 10, 25 Deutsche Bank
Hold
Nov 25, 24 Scotiabank
Sector Outperform
Nov 4, 24 RBC Capital
Outperform
Oct 28, 24 Barclays
Equal-Weight
Oct 21, 24 Wells Fargo
Equal-Weight
Sep 18, 24 Jefferies
Buy
Sep 16, 24 Evercore ISI Group
In-Line
Sep 13, 24 UBS
Neutral

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CubeSmart Announces the Date of Its Fourth Quarter 2024 Earnings Release and Conference Call
CubeSmart Announces the Date of Its Fourth Quarter 2024 Earnings Release and Conference Call
CubeSmart Announces the Date of Its Fourth Quarter 2024 Earnings Release and Conference Call
CUBE
globenewswire.comJanuary 27, 2025

MALVERN, Pa., Jan. 27, 2025 (GLOBE NEWSWIRE) -- CubeSmart (NYSE: CUBE) has announced that it will share its financial results for the quarter ending December 31, 2024, after the market closes on Thursday, February 27, 2025. A conference call to discuss these results will take place at 11:00 a.m. ET on Friday, February 28, 2025.

CubeSmart Announces Tax Allocations of 2024 Distributions
CubeSmart Announces Tax Allocations of 2024 Distributions
CubeSmart Announces Tax Allocations of 2024 Distributions
CUBE
globenewswire.comJanuary 21, 2025

MALVERN, Pa., Jan. 21, 2025 (GLOBE NEWSWIRE) -- CubeSmart (NYSE: CUBE) has shared the tax breakdown for its 2024 distributions related to CubeSmart Common Shares of Beneficial Interest.

CubeSmart: Buy For Dividend Growth From Self Storage
CubeSmart: Buy For Dividend Growth From Self Storage
CubeSmart: Buy For Dividend Growth From Self Storage
CUBE
seekingalpha.comDecember 17, 2024

CubeSmart effectively manages self-storage properties, which are in demand due to the 4 Ds: Dislocation, Divorce, Downsizing, and Death. The company has shown it can be a successful property manager and has generated considerable value for its shareholders. I recommend buying CubeSmart, as I believe it is a reliable investment with the possibility of strong growth.

CubeSmart Announces 2.0% Increase in Quarterly Common Dividend
CubeSmart Announces 2.0% Increase in Quarterly Common Dividend
CubeSmart Announces 2.0% Increase in Quarterly Common Dividend
CUBE
globenewswire.comDecember 13, 2024

MALVERN, Pa., Dec. 13, 2024 (GLOBE NEWSWIRE) -- CubeSmart (NYSE: CUBE) has announced that its Board of Trustees has approved a quarterly dividend of $0.52 for each common share for the period ending December 31, 2024. This dividend will be paid on January 16, 2025, to shareholders who are on record as of January 2, 2025.

CubeSmart (CUBE) Q3 2024 Earnings Call Transcript
CubeSmart (CUBE) Q3 2024 Earnings Call Transcript
CubeSmart (CUBE) Q3 2024 Earnings Call Transcript
CUBE
seekingalpha.comNovember 1, 2024

CubeSmart (NYSE:CUBE) will hold its Q3 2024 Earnings Conference Call on November 1, 2024, at 11:00 AM ET. The call will feature company representatives including Josh Schutzer, Chris Marr, and Tim Martin, along with participants from various financial institutions. The operator for the call is John, who will assist throughout the session.

CubeSmart (CUBE) Reports Q3 Earnings: What Key Metrics Have to Say
CubeSmart (CUBE) Reports Q3 Earnings: What Key Metrics Have to Say
CubeSmart (CUBE) Reports Q3 Earnings: What Key Metrics Have to Say
CUBE
zacks.comOctober 31, 2024

The financial results for CubeSmart (CUBE) provide an overview of the company's performance for the quarter that ended in September 2024. It may be helpful to examine how its important metrics stack up against Wall Street predictions and figures from the same period last year.

CubeSmart (CUBE) Misses Q3 FFO Estimates
CubeSmart (CUBE) Misses Q3 FFO Estimates
CubeSmart (CUBE) Misses Q3 FFO Estimates
CUBE
zacks.comOctober 31, 2024

CubeSmart (CUBE) reported quarterly funds from operations (FFO) of $0.67 per share, which is slightly below the Zacks Consensus Estimate of $0.68 per share. This is a decrease compared to the FFO of $0.68 per share from the same period last year.

CubeSmart Reports Third Quarter 2024 Results
CubeSmart Reports Third Quarter 2024 Results
CubeSmart Reports Third Quarter 2024 Results
CUBE
globenewswire.comOctober 31, 2024

MALVERN, Pa., Oct. 31, 2024 (GLOBE NEWSWIRE) -- CubeSmart (NYSE: CUBE) has released its performance results for the three and nine months that ended on September 30, 2024.

Here's Why CubeSmart (CUBE) is Poised for a Turnaround After Losing -10.81% in 4 Weeks
Here's Why CubeSmart (CUBE) is Poised for a Turnaround After Losing -10.81% in 4 Weeks
Here's Why CubeSmart (CUBE) is Poised for a Turnaround After Losing -10.81% in 4 Weeks
CUBE
zacks.comOctober 29, 2024

CubeSmart (CUBE) is currently considered oversold, which means the intense selling might be coming to an end. Additionally, there is a strong consensus among Wall Street analysts to increase earnings forecasts, which could result in a change in the stock's direction.

Urbanization Fuels CubeSmart's Expansion, But Headwinds Lie Ahead
Urbanization Fuels CubeSmart's Expansion, But Headwinds Lie Ahead
Urbanization Fuels CubeSmart's Expansion, But Headwinds Lie Ahead
CUBE
seekingalpha.comOctober 10, 2024

CubeSmart is in a good position within the self-storage market, benefiting from urban growth and online shopping trends, but it is currently dealing with short-term issues like increasing costs and stagnant revenue. Despite recent financial difficulties and a reduced earnings forecast for 2024, CubeSmart's strong market presence, strategic growth, and solid dividend increases suggest it has good long-term potential. The company's financial results show a mix of positive and negative signs, with consistent demand and high occupancy rates, but challenges in revenue growth and net operating income due to rising expenses.

FAQ

  • What is the ticker symbol for CubeSmart?
  • Does CubeSmart pay dividends?
  • What sector is CubeSmart in?
  • What industry is CubeSmart in?
  • What country is CubeSmart based in?
  • When did CubeSmart go public?
  • Is CubeSmart in the S&P 500?
  • Is CubeSmart in the NASDAQ 100?
  • Is CubeSmart in the Dow Jones?
  • When was CubeSmart's last earnings report?
  • When does CubeSmart report earnings?
  • Should I buy CubeSmart stock now?

What is the ticker symbol for CubeSmart?

The ticker symbol for CubeSmart is NYSE:CUBE

Does CubeSmart pay dividends?

Yes, CubeSmart pays dividends. The last payment was $0.52, with an ex-dividend date on January 2, 2025

What sector is CubeSmart in?

CubeSmart is in the Real Estate sector

What industry is CubeSmart in?

CubeSmart is in the Industrial industry

What country is CubeSmart based in?

CubeSmart is headquartered in United States

When did CubeSmart go public?

CubeSmart's initial public offering (IPO) was on October 22, 2004

Is CubeSmart in the S&P 500?

No, CubeSmart is not included in the S&P 500 index

Is CubeSmart in the NASDAQ 100?

No, CubeSmart is not included in the NASDAQ 100 index

Is CubeSmart in the Dow Jones?

No, CubeSmart is not included in the Dow Jones index

When was CubeSmart's last earnings report?

CubeSmart's most recent earnings report was on Oct 31, 2024

When does CubeSmart report earnings?

The next expected earnings date for CubeSmart is Feb 27, 2025

Should I buy CubeSmart stock now?

As of today, analysts generally recommend a 'Hold' rating. However, it's important to do your own research and consider your financial situation before making any investment decisions