CubeSmart (NYSE:CUBE) Posts Quarterly Earnings Results, Misses Estimates By $0.23 EPS

CubeSmart (NYSE:CUBE) issued its earnings results on Thursday. The real estate investment trust reported $0.42 earnings per share for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.23), Zacks reports. The business had revenue of $293.97 million for the quarter, compared to the consensus estimate of $287.28 million. CubeSmart had a return on equity of 12.94% and a net margin of 30.17%. CubeSmart’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.65 EPS.

CubeSmart Price Performance

Shares of CubeSmart stock traded up $1.58 during trading hours on Friday, reaching $42.66. The company’s stock had a trading volume of 3,066,577 shares, compared to its average volume of 2,212,883. The stock has a market cap of $9.61 billion, a P/E ratio of 28.25, a P/E/G ratio of 6.95 and a beta of 1.05. CubeSmart has a one year low of $35.09 and a one year high of $43.26. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.07 and a quick ratio of 0.07. The firm has a 50 day moving average price of $39.16 and a 200-day moving average price of $39.58.

Analyst Upgrades and Downgrades

A number of research analysts have commented on CUBE shares. Raymond James Financial initiated coverage on shares of CubeSmart in a research report on Wednesday, July 15th. They set an “outperform” rating and a $44.00 price target on the stock. Royal Bank Of Canada restated an “outperform” rating and set a $47.00 target price on shares of CubeSmart in a report on Tuesday, August 4th. UBS Group cut their target price on shares of CubeSmart from $43.00 to $38.00 and set a “neutral” rating on the stock in a research note on Friday, October 16th. Wells Fargo & Company boosted their target price on shares of CubeSmart from $40.00 to $42.00 and gave the company an “equal weight” rating in a report on Friday, July 24th. Finally, Evercore set a $46.00 target price on CubeSmart in a research note on Monday, September 21st. Six analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat, CubeSmart currently has an average rating of “Hold” and a consensus target price of $42.73.

Key Headlines Impacting CubeSmart

Here are the key news stories impacting CubeSmart this week:

• Positive Sentiment: CubeSmart reported third-quarter 2026 funds from operations (FFO) of $0.66 per share, exceeding the consensus estimate of $0.65 and rising from $0.65 a year earlier. Revenue also increased year over year and topped expectations, supporting the REIT’s core operating performance. CubeSmart Surpasses Q3 FFO and Revenue Estimates
• Positive Sentiment: Management raised its 2026 guidance, signaling improved confidence in the company’s earnings outlook and likely providing the main bullish catalyst for the stock. CubeSmart Boosts Q3 Earnings and Raises 2026 Guidance
• Positive Sentiment: CubeSmart secured a new $300 million term loan facility. The additional liquidity may support capital needs, acquisitions or balance-sheet management, although it also adds borrowing capacity and related interest obligations. CubeSmart Secures New $300 Million Term Loan Facility
• Neutral Sentiment: The company’s third-quarter revenue was approximately $294 million, up 3.1% year over year and above the $287 million consensus estimate. CubeSmart Reports Third Quarter 2026 Results
• Negative Sentiment: Reported GAAP EPS of $0.42 missed the $0.65 analyst consensus and declined from $0.65 in the prior-year quarter. The earnings miss remains a risk, particularly given CubeSmart’s elevated leverage and the higher interest-rate sensitivity typical of REITs. CubeSmart Earnings Report

About CubeSmart

CubeSmart (NYSE: CUBE) is a self-administered and self-managed real estate investment trust that owns, operates and manages self-storage facilities in the United States. The company provides storage space for households, businesses and other customers through a portfolio serving metropolitan areas and communities across the country.

Its facilities offer a range of storage options, including traditional and climate-controlled units, as well as space for vehicles, boats and recreational vehicles at select locations.