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

CubeSmart (NYSE:CUBE - Get Free Report) issued its quarterly earnings data on Thursday. The real estate investment trust reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.02, Zacks reports. The business had revenue of $273.04 million for the quarter, compared to the consensus estimate of $268.16 million. CubeSmart had a return on equity of 14.33% and a net margin of 37.79%. The business's revenue was up 4.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.64 earnings per share. CubeSmart updated its FY 2025 guidance to 2.510-2.590 EPS and its Q2 2025 guidance to 0.630-0.650 EPS.

CubeSmart Price Performance

Shares of CUBE stock opened at $42.63 on Friday. The firm has a market cap of $9.76 billion, a P/E ratio of 24.08, a P/E/G ratio of 11.58 and a beta of 0.85. The firm has a fifty day moving average of $40.54 and a two-hundred day moving average of $43.41. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.20 and a quick ratio of 0.20. CubeSmart has a 1-year low of $34.24 and a 1-year high of $55.14.

CubeSmart Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 1st were paid a dividend of $0.52 per share. The ex-dividend date was Tuesday, April 1st. This represents a $2.08 dividend on an annualized basis and a yield of 4.88%. CubeSmart's dividend payout ratio (DPR) is 120.93%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on CUBE shares. Deutsche Bank Aktiengesellschaft raised shares of CubeSmart from a "sell" rating to a "hold" rating and cut their price objective for the company from $46.00 to $45.00 in a research report on Friday, January 10th. Royal Bank of Canada decreased their price objective on CubeSmart from $53.00 to $48.00 and set an "outperform" rating on the stock in a report on Monday, March 3rd. Barclays dropped their target price on CubeSmart from $50.00 to $49.00 and set an "equal weight" rating for the company in a research note on Wednesday, March 12th. Evercore ISI raised their price target on CubeSmart from $44.00 to $47.00 and gave the stock an "in-line" rating in a research note on Friday. Finally, KeyCorp raised shares of CubeSmart from a "sector weight" rating to an "overweight" rating and set a $47.00 price objective for the company in a research note on Thursday, March 6th. Nine research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $46.85.

About CubeSmart

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.