CubeSmart (NYSE:CUBE) Updates Q1 2025 Earnings Guidance

CubeSmart (NYSE:CUBE) updated its first quarter 2025 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 0.610-0.630 for the period, compared to the consensus estimate of 0.650. The company issued revenue guidance of -. CubeSmart also updated its FY 2025 guidance to 2.500-2.590 EPS.

Wall Street Analyst Weigh In

CUBE has been the subject of a number of recent analyst reports. Royal Bank of Canada cut their target price on CubeSmart from $56.00 to $53.00 and set an “outperform” rating for the company in a research report on Monday, November 4th. Deutsche Bank Aktiengesellschaft raised shares of CubeSmart from a “sell” rating to a “hold” rating and cut their price objective for the stock from $46.00 to $45.00 in a research report on Friday, January 10th. Truist Financial raised shares of CubeSmart from a “hold” rating to a “buy” rating and decreased their target price for the company from $50.00 to $47.00 in a report on Friday, January 17th. Scotiabank cut their price target on shares of CubeSmart from $53.00 to $52.00 and set a “sector outperform” rating for the company in a report on Monday, November 25th. Finally, Wells Fargo & Company decreased their price objective on shares of CubeSmart from $50.00 to $44.00 and set an “equal weight” rating on the stock in a research note on Friday, February 21st. Seven equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $49.18.

CubeSmart Price Performance

NYSE:CUBE traded up $0.20 on Thursday, hitting $42.51. The company had a trading volume of 1,860,302 shares, compared to its average volume of 1,517,444. CubeSmart has a 52 week low of $39.80 and a 52 week high of $55.14. The company has a current ratio of 0.20, a quick ratio of 0.20 and a debt-to-equity ratio of 1.02. The stock has a market capitalization of $9.61 billion, a price-to-earnings ratio of 24.01, a PEG ratio of 11.58 and a beta of 0.87. The firm has a 50 day moving average of $41.87 and a two-hundred day moving average of $47.12.

CubeSmart Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st will be paid a $0.52 dividend. 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 117.51%.

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.