CubeSmart (NYSE:CUBE) Plans $0.53 Quarterly Dividend

CubeSmart (NYSE:CUBE) declared a quarterly dividend on Tuesday, May 19th. Investors of record on Wednesday, July 1st will be given a dividend of 0.53 per share by the real estate investment trust on Wednesday, July 15th. This represents a c) annualized dividend and a yield of 5.4%. The ex-dividend date of this dividend is Wednesday, July 1st.

CubeSmart has increased its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 16 consecutive years. CubeSmart has a dividend payout ratio of 135.0% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect CubeSmart to earn $2.64 per share next year, which means the company should continue to be able to cover its $2.12 annual dividend with an expected future payout ratio of 80.3%.

CubeSmart Trading Up 0.1%

CUBE opened at $38.98 on Wednesday. CubeSmart has a 1-year low of $35.09 and a 1-year high of $44.13. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 1.29. The company has a market cap of $8.82 billion, a P/E ratio of 27.45, a price-to-earnings-growth ratio of 6.74 and a beta of 1.11. The company has a fifty day moving average price of $38.68 and a two-hundred day moving average price of $37.98.

CubeSmart (NYSE:CUBE) last posted its quarterly earnings results on Thursday, April 30th. The real estate investment trust reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.02. CubeSmart had a net margin of 28.93% and a return on equity of 11.84%. The firm had revenue of $281.93 million during the quarter, compared to the consensus estimate of $275.25 million. During the same period in the previous year, the firm posted $0.64 earnings per share. The business’s revenue was up 3.3% compared to the same quarter last year. CubeSmart has set its FY 2026 guidance at 2.520-2.600 EPS and its Q2 2026 guidance at 0.620-0.640 EPS. Analysts predict that CubeSmart will post 2.57 EPS for the current fiscal year.

CubeSmart Company Profile

CubeSmart (NYSE: CUBE) is a publicly traded real estate investment trust (REIT) specializing in the ownership, operation and management of self-storage facilities across the United States. The company’s portfolio comprises properties in primary and secondary markets, catering to both individual and business customers seeking flexible, short-term and long-term storage solutions. CubeSmart’s facilities feature a range of unit sizes, climate-controlled options and advanced security features, supported by on-site managers and centralized customer service operations.

In addition to traditional self-storage units, CubeSmart offers specialty services such as vehicle and boat storage, retail sales of packing and moving supplies, and tenant insurance programs.