CubeSmart (NYSE:CUBE) Updates FY 2025 Earnings Guidance

Key Points

• CubeSmart updated its FY 2025 earnings guidance with an expected EPS of 2.540-2.600, slightly below the consensus estimate of 2.579, and also adjusted its Q3 2025 guidance to 0.640-0.660 EPS.
• The company's stock price dropped 5.4% to $38.90, alongside a significant trading volume of nearly 5 million shares, indicating heightened market activity.
• CubeSmart announced a quarterly dividend of $0.52 per share, representing an annualized payout of $2.08 and a yield of 5.3%, with a current dividend payout ratio of 123.08%.

CubeSmart (NYSE:CUBE - Get Free Report) issued an update on its FY 2025 earnings guidance on Thursday morning. The company provided EPS guidance of 2.540-2.600 for the period, compared to the consensus EPS estimate of 2.579. The company issued revenue guidance of -. CubeSmart also updated its Q3 2025 guidance to 0.640-0.660 EPS.

Analyst Ratings Changes

CUBE has been the subject of a number of analyst reports. Evercore ISI upped their price objective on shares of CubeSmart from $44.00 to $47.00 and gave the stock an "in-line" rating in a research report on Friday, May 2nd. Mizuho upped their price objective on shares of CubeSmart from $39.00 to $43.00 and gave the stock a "neutral" rating in a research report on Wednesday, May 28th. Scotiabank upped their price objective on shares of CubeSmart from $40.00 to $45.00 and gave the stock a "sector perform" rating in a research report on Monday, May 12th. Bank of America upgraded shares of CubeSmart from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $44.00 to $50.00 in a research report on Tuesday, May 13th. Finally, Truist Financial upped their price objective on shares of CubeSmart from $47.00 to $48.00 and gave the stock a "buy" rating in a research report on Monday, May 19th. Ten equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $47.20.

CubeSmart Trading Up 2.5%

NYSE:CUBE traded up $0.98 on Friday, reaching $39.89. The stock had a trading volume of 3,597,513 shares, compared to its average volume of 1,798,492. The company has a market cap of $9.09 billion, a price-to-earnings ratio of 24.32, a P/E/G ratio of 7.15 and a beta of 0.94. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.07 and a quick ratio of 0.07. The firm's fifty day moving average is $42.24 and its two-hundred day moving average is $41.58. CubeSmart has a 12-month low of $34.24 and a 12-month high of $55.14.

CubeSmart (NYSE:CUBE - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The real estate investment trust reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.02. The business had revenue of $282.30 million for the quarter, compared to analyst estimates of $275.71 million. CubeSmart had a net margin of 35.44% and a return on equity of 13.10%. The company's revenue was up 6.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.64 EPS. Equities analysts expect that CubeSmart will post 2.64 EPS for the current fiscal year.

CubeSmart Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Wednesday, October 1st will be issued a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 5.2%. The ex-dividend date is Wednesday, October 1st. CubeSmart's dividend payout ratio is presently 123.08%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Royal Bank of Canada lifted its holdings in shares of 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 worth $7,429,000 after acquiring an additional 2,284 shares during the period. Caxton Associates LLP acquired a new stake in CubeSmart during the 1st quarter worth approximately $270,000. Jones Financial Companies Lllp increased its position in CubeSmart by 944.3% during the 1st quarter. Jones Financial Companies Lllp now owns 7,091 shares of the real estate investment trust's stock worth $303,000 after purchasing an additional 6,412 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its position in CubeSmart by 4.2% during the 1st 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 in the last quarter. 97.61% of the stock is currently owned by hedge funds and other institutional investors.

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.