CubeSmart (NYSE:CUBE) Issues FY 2025 Earnings Guidance

CubeSmart (NYSE:CUBE) updated its FY 2025 earnings guidance on Thursday. The company provided EPS guidance of 2.500-2.590 for the period, compared to the consensus EPS estimate of 2.680. The company issued revenue guidance of -. CubeSmart also updated its Q1 2025 guidance to 0.610-0.630 EPS.

Analyst Ratings Changes

A number of brokerages have weighed in on CUBE. Scotiabank dropped their price target 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. Jefferies Financial Group lowered CubeSmart from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $57.00 to $46.00 in a research note on Thursday, January 2nd. Barclays cut their target price on CubeSmart from $54.00 to $50.00 and set an “equal weight” rating for the company in a research note on Monday, January 13th. Wells Fargo & Company reduced their price target on CubeSmart from $50.00 to $44.00 and set an “equal weight” rating on the stock in a report on Friday, February 21st. Finally, Royal Bank of Canada dropped their price objective on shares of CubeSmart from $56.00 to $53.00 and set an “outperform” rating for the company in a report on Monday, November 4th. Seven research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, CubeSmart currently has an average rating of “Hold” and a consensus target price of $49.18.

CubeSmart Stock Up 0.5 %

CUBE traded up $0.20 during trading hours on Thursday, hitting $42.51. 1,860,302 shares of the company’s stock were exchanged, compared to its average volume of 1,517,444. CubeSmart has a 12-month low of $39.80 and a 12-month high of $55.14. The firm has a market cap of $9.61 billion, a P/E ratio of 24.01, a price-to-earnings-growth ratio of 11.58 and a beta of 0.87. 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 firm has a 50 day moving average of $41.87 and a 200 day moving average of $47.12.

CubeSmart Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 1st will be paid a $0.52 dividend. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $2.08 annualized dividend and a dividend yield of 4.89%. CubeSmart’s dividend payout ratio (DPR) is currently 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.