CubeSmart (NYSE:CUBE) Updates FY 2025 Earnings Guidance

CubeSmart (NYSE:CUBE) issued an update on its FY 2025 earnings guidance on Thursday morning. The company provided EPS guidance of 2.500-2.590 for the period, compared to the consensus EPS estimate of 2.680. The company issued revenue guidance of -. CubeSmart also updated its Q1 2025 guidance to 0.610-0.630 EPS.

CubeSmart Price Performance

NYSE:CUBE traded up $0.20 during trading hours on Thursday, reaching $42.51. 1,860,302 shares of the company traded hands, compared to its average volume of 1,517,444. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.20 and a quick ratio of 0.20. The firm’s 50-day moving average is $41.87 and its 200-day moving average is $47.12. The stock has a market cap of $9.61 billion, a P/E ratio of 24.01, a P/E/G ratio of 11.58 and a beta of 0.87. CubeSmart has a 1-year low of $39.80 and a 1-year high of $55.14.

CubeSmart Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st will be paid a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 4.89%. The ex-dividend date of this dividend is Tuesday, April 1st. CubeSmart’s payout ratio is currently 117.51%.

Analyst Ratings Changes

A number of research firms have issued reports on CUBE. Deutsche Bank Aktiengesellschaft upgraded shares of CubeSmart from a “sell” rating to a “hold” rating and reduced their target price for the company from $46.00 to $45.00 in a report on Friday, January 10th. Royal Bank of Canada reduced their price objective on shares of CubeSmart from $56.00 to $53.00 and set an “outperform” rating on the stock in a research note on Monday, November 4th. Truist Financial upgraded CubeSmart from a “hold” rating to a “buy” rating and cut their price target for the company from $50.00 to $47.00 in a report on Friday, January 17th. Barclays decreased their price target on shares of CubeSmart from $54.00 to $50.00 and set an “equal weight” rating on the stock in a report on Monday, January 13th. Finally, Scotiabank decreased their target price on CubeSmart from $53.00 to $52.00 and set a “sector outperform” rating for the company in a report on Monday, November 25th. Seven equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $49.18.

CubeSmart Company Profile

CubeSmart is a self-administered and self-managed real estate investment trust. The Company's self-storage properties are designed to offer affordable, easily accessible and, in most locations, climate-controlled storage space for residential and commercial customers. According to the 2023 Self-Storage Almanac, CubeSmart is one of the top three owners and operators of self-storage properties in the United States.