CubeSmart (NYSE:CUBE) Releases Earnings Results, Beats Expectations By $0.02 EPS

Key Points

• Beat and guidance: CubeSmart reported Q1 EPS of $0.36 vs. $0.34 expected and revenue of $281.9M (vs. $275.3M), and raised FY2026 guidance to $2.520–$2.600 EPS with Q2 guidance of $0.620–$0.640.
• High dividend yield but stretched payout: The company paid a $0.53 quarterly dividend (annualized $2.12) for a ~5.2% yield, while the dividend payout ratio stands at 146.21%, indicating potential sustainability risk.
• Insider and market context: insider Jeffrey P. Foster sold 23,148 shares (reducing his stake by 10.14%), and analysts have a consensus "Hold" rating with an average price target of $43.57 as the stock trades around $40.54 (market cap ~$9.2B, P/E ~28).

CubeSmart (NYSE:CUBE - Get Free Report) released its quarterly earnings data on Thursday. The real estate investment trust reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.02, Zacks reports. CubeSmart had a net margin of 29.72% and a return on equity of 11.84%. The firm had revenue of $281.93 million during the quarter, compared to analysts' expectations of $275.25 million. During the same period last year, the business earned $0.64 earnings per share. CubeSmart's revenue was up 3.3% compared to the same quarter last year. CubeSmart updated its FY 2026 guidance to 2.520-2.600 EPS and its Q2 2026 guidance to 0.620-0.640 EPS.

CubeSmart Stock Performance

NYSE:CUBE opened at $40.54 on Friday. CubeSmart has a fifty-two week low of $35.09 and a fifty-two week high of $44.13. 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 company has a 50 day moving average price of $38.84 and a 200 day moving average price of $38.16. The stock has a market capitalization of $9.24 billion, a P/E ratio of 27.96, a PEG ratio of 6.27 and a beta of 1.13.

CubeSmart Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Wednesday, April 1st were given a dividend of $0.53 per share. The ex-dividend date of this dividend was Wednesday, April 1st. This represents a $2.12 dividend on an annualized basis and a dividend yield of 5.2%. CubeSmart's dividend payout ratio (DPR) is presently 146.21%.

Insider Transactions at CubeSmart

In other CubeSmart news, insider Jeffrey P. Foster sold 23,148 shares of the company's stock in a transaction 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 transaction, the insider directly owned 205,057 shares in the company, valued at $8,411,438.14. This represents a 10.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.76% of the stock is currently owned by insiders.

Institutional Investors Weigh In On CubeSmart

Several institutional investors and hedge funds have recently modified their holdings of CUBE. Royal Bank of Canada boosted its holdings in CubeSmart by 1.3% during the 1st quarter. Royal Bank of Canada now owns 173,960 shares of the real estate investment trust's stock valued at $7,429,000 after acquiring an additional 2,284 shares during the period. Jones Financial Companies Lllp grew its position in CubeSmart by 944.3% in the 1st quarter. Jones Financial Companies Lllp now owns 7,091 shares of the real estate investment trust's stock valued at $303,000 after acquiring an additional 6,412 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in CubeSmart by 4.2% during the first quarter. Goldman Sachs Group Inc. now owns 484,293 shares of the real estate investment trust's stock worth $20,684,000 after purchasing an additional 19,476 shares during the period. Caxton Associates LLP acquired a new stake in shares of CubeSmart during the first quarter worth about $270,000. Finally, Cetera Investment Advisers lifted its position in shares of CubeSmart by 1.6% during the second quarter. Cetera Investment Advisers now owns 17,212 shares of the real estate investment trust's stock worth $731,000 after purchasing an additional 265 shares in the last quarter. Hedge funds and other institutional investors own 97.61% of the company's stock.

Analyst Upgrades and Downgrades

CUBE has been the subject of a number of recent analyst reports. Barclays raised their price target on shares of CubeSmart from $43.00 to $45.00 and gave the stock an "equal weight" rating in a report on Thursday, March 5th. Deutsche Bank Aktiengesellschaft cut CubeSmart from a "buy" rating to a "hold" rating and set a $40.00 price objective on the stock. in a report on Tuesday, January 20th. BNP Paribas Exane raised CubeSmart from a "neutral" rating to an "outperform" rating and set a $43.00 target price for the company in a research note on Wednesday, March 18th. Wolfe Research downgraded CubeSmart from an "outperform" rating to a "peer perform" rating in a research report on Monday, January 26th. Finally, Scotiabank raised CubeSmart to a "hold" rating in a research note on Thursday, March 19th. Six equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company's stock. According to MarketBeat, CubeSmart has a consensus rating of "Hold" and an average price target of $43.57.

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.