CubeSmart (NYSE:CUBE) Updates Q1 2025 Earnings Guidance

CubeSmart (NYSE:CUBE) issued an update on its first quarter 2025 earnings guidance on Thursday morning. The company provided earnings per share guidance of 0.610-0.630 for the period, compared to the consensus earnings per share estimate of 0.650. The company issued revenue guidance of -. CubeSmart also updated its FY 2025 guidance to 2.500-2.590 EPS.

CubeSmart Stock Down 2.9 %

Shares of NYSE:CUBE opened at $41.28 on Friday. The business’s 50 day simple moving average is $41.85 and its two-hundred day simple moving average is $47.04. The firm has a market cap of $9.34 billion, a P/E ratio of 23.32, a PEG ratio of 11.58 and a beta of 0.87. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.20 and a current ratio of 0.20. CubeSmart has a 52-week low of $39.80 and a 52-week high of $55.14.

CubeSmart (NYSE:CUBE) last announced its quarterly earnings results on Thursday, February 27th. The real estate investment trust reported $0.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.23. The business had revenue of $231.41 million for the quarter, compared to analyst estimates of $267.54 million. CubeSmart had a return on equity of 14.33% and a net margin of 37.79%. As a group, research analysts forecast that CubeSmart will post 2.64 EPS for the current fiscal year.

CubeSmart Dividend Announcement

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

Analyst Ratings Changes

CUBE has been the topic of a number of recent research reports. Barclays dropped their target price on CubeSmart from $54.00 to $50.00 and set an “equal weight” rating on the stock in a report on Monday, January 13th. Scotiabank dropped their target price on CubeSmart from $53.00 to $52.00 and set a “sector outperform” rating on the stock in a report on Monday, November 25th. Truist Financial upgraded CubeSmart from a “hold” rating to a “buy” rating and dropped their target price for the company from $50.00 to $47.00 in a report on Friday, January 17th. Wells Fargo & Company dropped their target price on CubeSmart from $50.00 to $44.00 and set an “equal weight” rating on the stock in a report on Friday, February 21st. Finally, Jefferies Financial Group lowered CubeSmart from a “buy” rating to a “hold” rating and dropped their target price for the company from $57.00 to $46.00 in a report on Thursday, January 2nd. Seven analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, CubeSmart currently has a consensus rating of “Hold” and a consensus price target of $49.18.

CubeSmart Company Profile

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.