$CUBE

3 stories mentioning CUBEUpdated 49d ago

Every FINWIRES story that references CUBE, newest first.

Research Alert: CFRA Keeps Hold Opinion On Shares Of Cubesmart

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We decrease our 12-month target price by $2 to $42, using a forward P/FFO of 16.3x our 2026 FFO estimate, a small premium to CUBE's three-year average of 16.2x. We maintain our 2026 FFO estimate at $2.59 and decrease 2027 by $0.02 to $2.67. Same-store revenue turning positive in Q1 and CUBE having fewer vacates were the strongest keys to performance this quarter. We believe pricing may be improving outside the Sun Belt markets but note that CUBE faces tough comps in 2H 2026 with the market expecting same-store NOI to be down 2%-3% Y/Y. We note that management is currently more enthusiastic about stock repurchases than acquisitions, as it believes private market properties are trading at a growing premium to its public portfolio. In our view, this gap is more likely to close via private market valuations decreasing rather than CUBE's multiple meaningfully expanding. Overall, we believe the NYC metro is key to CUBE's potential for faster FFO growth in Q4 2026 and 2027, as demand continues to exceed supply there.

$CUBE

Research59d ago

Research Alert: Cubesmart Q1: Personnel & Property Tax Headwinds Limit Same-store Growth

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:CUBE reported Q1 revenue of $282M (+3.3% Y/Y, $4M above consensus) driven primarily by acquisitions, with same-store revenue up just 0.2% Y/Y while NOI declined 1.5%. FFO per share was $0.63 (-1.6% Y/Y), in-line with consensus, as rising personnel expenses (+7.2%), advertising (+54.4%), and property taxes pressured margins. We continue to believe occupancy pressures from excess new builds will begin to ease in 2H 2026, particularly in underperforming Sun Belt markets. Management maintained FY 2026 FFO guidance of $2.52-$2.60 per share and same-store revenue growth guidance of -0.25% to +1.25%. We see same-store expenses accelerating and NOI turning negative in 2H 2026 based on current trends. Occupancy declined to 89.3% (down 30 bps Y/Y) as anticipated, though we expect improvement once new supply pressures subside. CUBE remained active with $33M in share repurchases and continued expanding through acquisitions and third-party management growth.

$CUBE

Wire59d ago

CubeSmart Q1 Adjusted FFO Declines, Revenue Rises

CubeSmart (CUBE) reported Q1 adjusted funds from operations late Thursday of $0.63 per diluted share, down from $0.64 a year earlier.Analysts polled by FactSet expected $0.62.Revenue for the three months ended March 31 rose to $281.9 million from $273 million a year earlier.Analysts polled by FactSet expected $275.2 million.The company expects Q2 adjusted FFO of $0.62 to $0.64. Analysts polled by FactSet expect $0.61.CubeSmart shares rose 2% in after-hours trading.

$CUBE

Track with the FINWIRES app suite

FolioX

Track CUBE in your portfolio

WheelAI

Analyze CUBE options with the wheel strategy

StockInsider

See market sentiment on CUBE