CubeSmart (CUBE) Projected to Post Earnings on Thursday

CubeSmart (NYSE:CUBE - Get Free Report) is projected to release its Q1 2025 earnings data after the market closes on Thursday, May 1st. Analysts expect CubeSmart to post earnings of $0.63 per share and revenue of $268.16 million for the quarter. CubeSmart has set its FY 2025 guidance at 2.500-2.590 EPS and its Q1 2025 guidance at 0.610-0.630 EPS.

CubeSmart (NYSE:CUBE - Get Free Report) last released its earnings results on Thursday, February 27th. The real estate investment trust reported $0.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.23. CubeSmart had a return on equity of 14.33% and a net margin of 37.79%. The business had revenue of $231.41 million for the quarter, compared to analyst estimates of $267.54 million. On average, analysts expect CubeSmart to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

CubeSmart Stock Down 0.7 %

CUBE traded down $0.27 on Tuesday, hitting $39.35. 2,590,660 shares of the company were exchanged, compared to its average volume of 1,448,362. CubeSmart has a 12 month low of $34.24 and a 12 month high of $55.14. The company has a market cap of $9.01 billion, a PE ratio of 22.23, a PEG ratio of 11.58 and a beta of 0.85. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.20 and a current ratio of 0.20. The stock's fifty day moving average is $40.60 and its 200-day moving average is $43.55.

CubeSmart Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st were issued a dividend of $0.52 per share. The ex-dividend date of this dividend was Tuesday, April 1st. This represents a $2.08 annualized dividend and a yield of 5.29%. CubeSmart's payout ratio is presently 120.93%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Truist Financial upgraded CubeSmart from a "hold" rating to a "buy" rating and dropped their price objective for the company from $50.00 to $47.00 in a research note on Friday, January 17th. Scotiabank lowered CubeSmart from a "sector outperform" rating to a "sector perform" rating and dropped their price objective for the company from $52.00 to $46.00 in a research note on Wednesday, March 5th. Jefferies Financial Group lowered CubeSmart from a "buy" rating to a "hold" rating and dropped their price objective for the company from $57.00 to $46.00 in a research note on Thursday, January 2nd. Mizuho started coverage on CubeSmart in a research report on Wednesday, April 9th. They issued a "neutral" rating and a $39.00 target price on the stock. Finally, Deutsche Bank Aktiengesellschaft raised CubeSmart from a "sell" rating to a "hold" rating and decreased their target price for the company from $46.00 to $45.00 in a research report on Friday, January 10th. Nine analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $47.31.

CubeSmart Company Profile

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.