CubeSmart (NYSE:CUBE) Posts Earnings Results, Beats Estimates By $0.02 EPS

by · The Cerbat Gem

CubeSmart (NYSE:CUBE – Get Free Report) posted its quarterly earnings data on Thursday. The real estate investment trust reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.02, Zacks reports. CubeSmart had a return on equity of 11.70% and a net margin of 28.93%.The business had revenue of $281.93 million for the quarter, compared to analyst estimates of $275.25 million. During the same period in the previous year, the company posted $0.64 earnings per share. The firm’s revenue for the quarter was up 3.3% on a year-over-year basis. CubeSmart updated its FY 2026 guidance to 2.520-2.600 EPS and its Q2 2026 guidance to 0.620-0.640 EPS.

CubeSmart Price Performance

NYSE CUBE traded down $0.34 during trading on Friday, reaching $40.14. 3,500,186 shares of the company traded hands, compared to its average volume of 2,037,771. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.04 and a current ratio of 0.04. The stock’s 50 day moving average price is $38.84 and its two-hundred day moving average price is $38.16. The company has a market cap of $9.15 billion, a price-to-earnings ratio of 27.68, a P/E/G ratio of 6.39 and a beta of 1.11. CubeSmart has a 1-year low of $35.09 and a 1-year high of $44.13.

CubeSmart Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Wednesday, April 1st were issued a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a yield of 5.3%. The ex-dividend date of this dividend was Wednesday, April 1st. CubeSmart’s payout ratio is presently 146.21%.

Insiders Place Their Bets

In other CubeSmart news, insider Jeffrey P. Foster sold 23,148 shares of CubeSmart stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $41.02, for a total transaction of $949,530.96. Following the sale, the insider directly owned 205,057 shares of the company’s stock, valued at approximately $8,411,438.14. The trade was a 10.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.76% of the company’s stock.

Institutional Investors Weigh In On CubeSmart

A number of institutional investors have recently added to or reduced their stakes in CUBE. Wiser Advisor Group LLC acquired a new stake in CubeSmart during the third quarter valued at approximately $28,000. Geneos Wealth Management Inc. boosted its holdings in shares of CubeSmart by 174.8% in the 2nd quarter. Geneos Wealth Management Inc. now owns 893 shares of the real estate investment trust’s stock worth $38,000 after acquiring an additional 568 shares in the last quarter. Los Angeles Capital Management LLC acquired a new position in shares of CubeSmart in the 4th quarter worth approximately $43,000. Steward Partners Investment Advisory LLC boosted its holdings in shares of CubeSmart by 101.3% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,208 shares of the real estate investment trust’s stock worth $44,000 after acquiring an additional 608 shares in the last quarter. Finally, Global Retirement Partners LLC boosted its holdings in shares of CubeSmart by 95.0% in the 4th quarter. Global Retirement Partners LLC now owns 1,213 shares of the real estate investment trust’s stock worth $44,000 after acquiring an additional 591 shares in the last quarter. 97.61% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on CUBE shares. Wolfe Research downgraded CubeSmart from an “outperform” rating to a “peer perform” rating in a research report on Monday, January 26th. BNP Paribas Exane raised CubeSmart from a “neutral” rating to an “outperform” rating and set a $43.00 target price on the stock in a research report on Wednesday, March 18th. Wall Street Zen downgraded CubeSmart from a “hold” rating to a “sell” rating in a research report on Sunday, March 1st. Barclays lifted their target price on CubeSmart from $43.00 to $45.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 5th. Finally, Royal Bank Of Canada lifted their target price on CubeSmart from $43.00 to $46.00 and gave the stock an “outperform” rating in a research report on Monday, March 2nd. Six investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat.com, CubeSmart presently has an average rating of “Hold” and an average target price of $43.57.

View Our Latest Stock Report on CubeSmart

Key Stories Impacting CubeSmart

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About CubeSmart

(Get Free Report)

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.

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