CubeSmart (NYSE:CUBE) Announces Earnings Results

CubeSmart (NYSE:CUBE) posted its earnings results on Thursday. The real estate investment trust reported $0.42 EPS for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.23), Zacks reports. The company had revenue of $293.97 million during the quarter, compared to analyst estimates of $287.28 million. CubeSmart had a net margin of 30.17% and a return on equity of 12.94%. The company’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.65 EPS.

CubeSmart Stock Up 3.8%

CUBE stock opened at $42.66 on Friday. The stock has a market cap of $9.61 billion, a P/E ratio of 28.25, a PEG ratio of 7.23 and a beta of 1.05. The company’s 50 day moving average is $39.16 and its two-hundred day moving average is $39.58. CubeSmart has a twelve month low of $35.09 and a twelve month high of $43.26. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 1.34.

More CubeSmart News

Here are the key news stories impacting CubeSmart this week:

• Positive Sentiment: CubeSmart reported third-quarter 2026 funds from operations (FFO) of $0.66 per share, exceeding the consensus estimate of $0.65 and rising from $0.65 a year earlier. Revenue also increased year over year and topped expectations, supporting the REIT’s core operating performance. CubeSmart Surpasses Q3 FFO and Revenue Estimates
• Positive Sentiment: Management raised its 2026 guidance, signaling improved confidence in the company’s earnings outlook and likely providing the main bullish catalyst for the stock. CubeSmart Boosts Q3 Earnings and Raises 2026 Guidance
• Positive Sentiment: CubeSmart secured a new $300 million term loan facility. The additional liquidity may support capital needs, acquisitions or balance-sheet management, although it also adds borrowing capacity and related interest obligations. CubeSmart Secures New $300 Million Term Loan Facility
• Neutral Sentiment: The company’s third-quarter revenue was approximately $294 million, up 3.1% year over year and above the $287 million consensus estimate. CubeSmart Reports Third Quarter 2026 Results
• Negative Sentiment: Reported GAAP EPS of $0.42 missed the $0.65 analyst consensus and declined from $0.65 in the prior-year quarter. The earnings miss remains a risk, particularly given CubeSmart’s elevated leverage and the higher interest-rate sensitivity typical of REITs. CubeSmart Earnings Report

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $47.00 price objective on shares of CubeSmart in a research report on Tuesday, August 4th. UBS Group lowered their target price on shares of CubeSmart from $43.00 to $38.00 and set a “neutral” rating for the company in a research note on Friday, October 16th. KeyCorp reissued a “sector weight” rating on shares of CubeSmart in a report on Tuesday, August 4th. Mizuho cut their price target on CubeSmart from $42.00 to $41.00 and set a “neutral” rating on the stock in a research note on Wednesday, September 2nd. Finally, Wells Fargo & Company lifted their price target on CubeSmart from $40.00 to $42.00 and gave the stock an “equal weight” rating in a report on Friday, July 24th. Six analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $42.73.

About CubeSmart

CubeSmart (NYSE: CUBE) is a self-administered and self-managed real estate investment trust that owns, operates and manages self-storage facilities in the United States. The company provides storage space for households, businesses and other customers through a portfolio serving metropolitan areas and communities across the country.

Its facilities offer a range of storage options, including traditional and climate-controlled units, as well as space for vehicles, boats and recreational vehicles at select locations.