CubeSmart

CUBE

US2296631094

Specialized REITs

Market Closed - Nyse Other stock markets 04:00:01 2024-04-23 pm EDT			5-day change	1st Jan Change
41.8 ^USD	-0.85%		-0.97%	-9.82%

Mar. 27	Barclays Initiates CubeSmart With Equalweight Rating, $48 Price Target	MT
Mar. 18	CubeSmart Keeps Quarterly Dividend at $0.51 a Share, Payable April 15 to Shareholders of Record on April 1	MT

CubeSmart Reports Earnings Results for the Full Year Ended December 31, 2021

February 24, 2022 at 04:15 pm EST

CubeSmart reported earnings results for the full year ended December 31, 2021. For the full year, the company reported sales was USD 707.75 million compared to USD 581.01 million a year ago. Revenue was USD 822.56 million compared to USD 679.18 million a year ago.

Net income was USD 223.48 million compared to USD 165.62 million a year ago. Basic earnings per share from continuing operations was USD 1.1 compared to USD 0.85 a year ago. Diluted earnings per share from continuing operations was USD 1.09 compared to USD 0.85 a year ago.

Latest news about CubeSmart

Barclays Initiates CubeSmart With Equalweight Rating, $48 Price Target	Mar. 27	MT
CubeSmart Keeps Quarterly Dividend at $0.51 a Share, Payable April 15 to Shareholders of Record on April 1	Mar. 18	MT
Cubesmart Declares Quarterly Dividend on Common Share for the Period Ending March 31, 2024, Payable on April 15, 2024	Mar. 18	CI
Cubesmart Insider Sold Shares Worth $357,780, According to a Recent SEC Filing	Mar. 06	MT
Evercore ISI Adjusts Price Target on CubeSmart to $45 From $43, Maintains In-Line Rating	Mar. 04	MT
Transcript : CubeSmart, Q4 2023 Earnings Call, Mar 01, 2024	Mar. 01
CubeSmart Q4 Adjusted FFO, Revenue Rise; 2024 Guidance Issued	Feb. 29	MT
CubeSmart Provides Earnings Guidance for the First Quarter and Full Year 2024	Feb. 29	CI
CubeSmart Reports Earnings Results for the Full Year Ended December 31, 2023	Feb. 29	CI
CubeSmart Reports Earnings Results for the Fourth Quarter Ended December 31, 2023	Feb. 28	CI
CubeSmart acquired two -store portfolio located in Connecticut for $20.2 million.	Feb. 28	CI
Janus International Group, Inc. : A promising company in the storage sector	Feb. 13
Deutsche Bank Initiates Coverage on CubeSmart With Sell Rating, $40 Price Target	Jan. 30	MT
UBS Raises Price Target on CubeSmart to $53 From $51, Keeps Buy Rating	Jan. 05	MT
Jefferies Upgrades CubeSmart to Buy From Hold, Raises Price Target to $53 From $38	Jan. 02	MT
Truist Securities Adjusts CubeSmart's Price Target to $46 From $43, Keeps Hold Rating	Dec. 28	MT
North American Morning Briefing : Stock Futures -2-	Dec. 18	DJ
BMO Capital Upgrades CubeSmart to Outperform From Market Perform, Raises Price Target to $49 From $46	Dec. 15	MT
Wells Fargo Adjusts Price Target on CubeSmart to $42 From $37, Maintains Equal-Weight Rating	Dec. 12	MT
North American Morning Briefing : Traders Eye -2-	Dec. 12	DJ
Evercore ISI Downgrades CubeSmart to In Line From Outperform, Raises Price Target to $43 From $42	Dec. 11	MT
CubeSmart Lifts Q4 Dividend to $0.51 per Share from $0.49, Payable Jan. 16 to Holders of Record Jan. 2	Dec. 07	MT
CubeSmart Announces Quarterly Dividend, Payable on January 16, 2024	Dec. 07	CI
Tranche Update on CubeSmart's Equity Buyback Plan announced on June 27, 2007.	Nov. 03	CI
Transcript : CubeSmart, Q3 2023 Earnings Call, Nov 03, 2023	Nov. 03

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Company Profile

CubeSmart is a self-administered and self-managed real estate investment trust. The Company's self-storage properties are designed to offer climate-controlled storage space for residential and commercial customers. It owns its assets and conducts its operations through the CubeSmart, L.P. (Operating Partnership), and subsidiaries of the Operating Partnership. Its customers rent storage cubes for their exclusive use, on a month-to-month basis. Additionally, some of its stores offer outside storage areas for vehicles and boats. Its stores are designed to accommodate both residential and commercial customers, with features, such as wide aisles and load-bearing capabilities for large truck access. Its customers can access their storage cubes during business hours, and some of its stores provide customers with 24-hour access. It owns about 611 self-storage properties located in 24 states and in the district of Columbia, containing an aggregate of about 44.1 million rentable square feet.

Sector

Specialized REITs

Calendar

2024-04-24 - Q1 2024 Earnings Release

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Ratings for CubeSmart

Trading Rating

Investor Rating

ESG Refinitiv

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Analysts' Consensus

Sell

Buy

Mean consensus

HOLD

Number of Analysts

Last Close Price

41.8 USD

Average target price

46.42 USD

Spread / Average Target

+11.04%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Self-Storage REITs

	1st Jan change	Capi.
CUBESMART	-9.82%	9.4B
EXTRA SPACE STORAGE INC.	-16.87%	28.2B
SHURGARD SELF-STORAGE LTD.	-12.62%	4.08B
NATIONAL STORAGE AFFILIATES TRUST	-14.28%	2.78B
BIG YELLOW GROUP PLC	-10.97%	2.64B
SAFESTORE HOLDINGS PLC	-12.50%	2.1B
NATIONAL STORAGE REIT	-4.78%	1.97B
ABACUS STORAGE KING	-0.88%	954M
SMARTSTOP SELF STORAGE REIT, INC.	-14.83%	896M
WAREHOUSE REIT PLC	-13.26%	422M

Self-Storage REITs

CubeSmart

Equities

CUBE

US2296631094

Specialized REITs

CubeSmart Reports Earnings Results for the Full Year Ended December 31, 2021

EPS Revisions