CubeSmart (NYSE:CUBE) Announces Earnings Results

CubeSmart (NYSE:CUBE) posted its quarterly earnings data on Thursday. The real estate investment trust reported $0.68 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.23, Zacks reports. The business had revenue of $231.41 million for the quarter, compared to analyst estimates of $267.54 million. CubeSmart had a return on equity of 14.33% and a net margin of 37.79%. CubeSmart updated its FY 2025 guidance to 2.500-2.590 EPS and its Q1 2025 guidance to 0.610-0.630 EPS.

CubeSmart Price Performance

CubeSmart stock traded down $1.26 during mid-day trading on Friday, hitting $41.28. The company’s stock had a trading volume of 1,406,582 shares, compared to its average volume of 1,521,869. CubeSmart has a twelve month low of $39.80 and a twelve month high of $55.14. The stock’s fifty day moving average price is $41.88 and its two-hundred day moving average price is $47.08. The stock has a market capitalization of $9.33 billion, a P/E ratio of 23.36, a P/E/G ratio of 11.58 and a beta of 0.87. The company has a quick ratio of 0.20, a current ratio of 0.20 and a debt-to-equity ratio of 1.02.

CubeSmart Dividend Announcement

The firm also recently announced 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 annualized dividend and a yield of 5.04%. The ex-dividend date of this dividend is Tuesday, April 1st. CubeSmart’s dividend payout ratio is presently 117.51%.

Analyst Ratings Changes

CUBE has been the subject of a number of recent research reports. Wells Fargo & Company lowered their price target on shares of CubeSmart from $50.00 to $44.00 and set an “equal weight” rating for the company in a report on Friday, February 21st. Scotiabank decreased their target price on CubeSmart from $53.00 to $52.00 and set a “sector outperform” rating for the company in a research report on Monday, November 25th. Truist Financial upgraded CubeSmart from a “hold” rating to a “buy” rating and dropped their target price for the company from $50.00 to $47.00 in a report on Friday, January 17th. Deutsche Bank Aktiengesellschaft raised shares of CubeSmart from a “sell” rating to a “hold” rating and lowered their price target for the company from $46.00 to $45.00 in a report on Friday, January 10th. Finally, Jefferies Financial Group lowered CubeSmart from a “buy” rating to a “hold” rating and lowered their price objective for the company from $57.00 to $46.00 in a research note on Thursday, January 2nd. Seven analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $49.18.

About CubeSmart

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.