CubeSmart (NYSE:CUBE) Issues FY 2026 Earnings Guidance

Key Points

• CubeSmart issued FY 2026 EPS guidance of $2.54–$2.60, broadly in line with the $2.58 analyst consensus, and projected Q3 2026 EPS of $0.64–$0.66.
• Shares fell 3.0% to $41.17 during Thursday trading. The self-storage REIT’s latest quarterly results beat estimates, with EPS of $0.36 and revenue of $281.93 million, up 3.3% year over year.
• CubeSmart declared a quarterly dividend of $0.53 per share, equivalent to $2.12 annually and a 5.1% yield. Analysts maintain a consensus “Hold” rating with an average price target of $43.42.

CubeSmart (NYSE:CUBE - Get Free Report) issued an update on its FY 2026 earnings guidance on Thursday morning. The company provided EPS guidance of 2.540-2.600 for the period, compared to the consensus estimate of 2.580. The company issued revenue guidance of -. CubeSmart also updated its Q3 2026 guidance to 0.640-0.660 EPS.

CubeSmart Stock Down 3.0%

Shares of NYSE CUBE traded down $1.26 during mid-day trading on Thursday, reaching $41.17. The company had a trading volume of 3,681,912 shares, compared to its average volume of 2,283,207. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 1.29. The firm has a 50 day simple moving average of $40.74 and a two-hundred day simple moving average of $39.49. The stock has a market cap of $9.32 billion, a P/E ratio of 28.99, a PEG ratio of 7.35 and a beta of 1.08. CubeSmart has a 52-week low of $35.09 and a 52-week high of $43.26.

CubeSmart (NYSE:CUBE - Get Free Report) last released its quarterly earnings results on Thursday, April 30th. The real estate investment trust reported $0.36 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.34 by $0.02. CubeSmart had a return on equity of 11.84% and a net margin of 28.93%.The firm had revenue of $281.93 million for the quarter, compared to the consensus estimate of $275.25 million. During the same quarter last year, the business posted $0.64 EPS. The firm's quarterly revenue was up 3.3% compared to the same quarter last year. Sell-side analysts predict that CubeSmart will post 2.58 earnings per share for the current year.

CubeSmart Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Thursday, October 1st will be given a dividend of $0.53 per share. The ex-dividend date is Thursday, October 1st. This represents a $2.12 dividend on an annualized basis and a dividend yield of 5.1%. CubeSmart's dividend payout ratio (DPR) is 149.30%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on CUBE shares. Weiss Ratings reaffirmed a "hold (c)" rating on shares of CubeSmart in a report on Wednesday, July 15th. Wells Fargo & Company lifted their price objective on shares of CubeSmart from $40.00 to $42.00 and gave the company an "equal weight" rating in a research note on Friday, July 24th. UBS Group increased their target price on shares of CubeSmart from $41.00 to $43.00 and gave the stock a "neutral" rating in a research note on Friday, July 10th. Mizuho boosted their price target on CubeSmart from $40.00 to $42.00 and gave the company a "neutral" rating in a research report on Wednesday, May 27th. Finally, Evercore set a $47.00 price objective on CubeSmart in a research note on Monday, July 6th. Six investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $43.42.

• CubeSmart NYSE: CUBE Stock is a Smart Pullback Play

Institutional Trading of CubeSmart

Several large investors have recently modified their holdings of CUBE. Wiser Advisor Group LLC acquired a new stake in CubeSmart during the 3rd quarter valued at $28,000. Geneos Wealth Management Inc. raised its stake in CubeSmart by 174.8% in the 2nd quarter. Geneos Wealth Management Inc. now owns 893 shares of the real estate investment trust's stock valued at $38,000 after purchasing an additional 568 shares during the last quarter. Los Angeles Capital Management LLC purchased a new position in CubeSmart in the 4th quarter valued at about $43,000. Steward Partners Investment Advisory LLC boosted its stake in shares of CubeSmart by 101.3% during 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 purchasing an additional 608 shares during the last quarter. Finally, Global Retirement Partners LLC boosted its stake in shares of CubeSmart by 95.0% during the 4th quarter. Global Retirement Partners LLC now owns 1,213 shares of the real estate investment trust's stock worth $44,000 after purchasing an additional 591 shares during the last quarter. 97.61% of the stock is currently owned by institutional investors and hedge funds.

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.

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