CubeSmart (NYSE:CUBE) Announces Quarterly Earnings Results, Beats Expectations By $0.23 EPS

CubeSmart (NYSE:CUBE) released its quarterly earnings results on Thursday. The real estate investment trust reported $0.68 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.23, Zacks reports. CubeSmart had a net margin of 37.79% and a return on equity of 14.33%. The company had revenue of $231.41 million for the quarter, compared to the consensus estimate of $267.54 million. CubeSmart updated its FY 2025 guidance to 2.500-2.590 EPS and its Q1 2025 guidance to 0.610-0.630 EPS.

CubeSmart Trading Down 2.9 %

Shares of NYSE:CUBE traded down $1.25 during mid-day trading on Friday, hitting $41.28. The stock had a trading volume of 3,869,614 shares, compared to its average volume of 1,591,705. CubeSmart has a 12-month low of $39.80 and a 12-month high of $55.14. 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 company has a market cap of $9.34 billion, a PE ratio of 23.32, a P/E/G ratio of 11.58 and a beta of 0.87. The company’s 50 day moving average is $41.85 and its 200-day moving average is $47.04.

CubeSmart Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st will be issued a dividend of $0.52 per share. The ex-dividend date is Tuesday, April 1st. This represents a $2.08 dividend on an annualized basis and a dividend yield of 5.04%. CubeSmart’s dividend payout ratio is currently 120.93%.

Analysts Set New Price Targets

A number of research firms have commented on CUBE. Barclays dropped their price target on shares of CubeSmart from $54.00 to $50.00 and set an “equal weight” rating on the stock in a research report on Monday, January 13th. Deutsche Bank Aktiengesellschaft upgraded shares of CubeSmart from a “sell” rating to a “hold” rating and dropped their price target for the stock from $46.00 to $45.00 in a research report on Friday, January 10th. Royal Bank of Canada dropped their price target on shares of CubeSmart from $56.00 to $53.00 and set an “outperform” rating on the stock in a research report on Monday, November 4th. Truist Financial upgraded shares of CubeSmart from a “hold” rating to a “buy” rating and dropped their price target for the stock from $50.00 to $47.00 in a research report on Friday, January 17th. Finally, Scotiabank dropped their price target on shares of CubeSmart from $53.00 to $52.00 and set a “sector outperform” rating on the stock in a research report on Monday, November 25th. Seven investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, CubeSmart presently has a consensus rating of “Hold” and an average price target of $49.18.

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.