$CUBE

CubeSmart

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Davis Selected Advisers Makes New Investment in CubeSmart $CUBE

Davis Selected Advisers has initiated a new position in CubeSmart (NYSE:CUBE), purchasing over 90,000 shares valued at approximately $3.28 million in the fourth quarter. This comes amidst mixed signals for CubeSmart, including slightly beating Q1 earnings and revenue estimates but issuing cautious guidance for Q2 and FY2026, leading to a consensus "Hold" rating from analysts. Concerns exist regarding the sustainability of its 5.3% dividend yield due to an elevated payout ratio of 146.21%.

CubeSmart (CUBE) Projects Q2 Earnings Between 38 to 40 Cents

CubeSmart (CUBE) has projected its Q2 earnings per share to be between 38 to 40 cents, surpassing the consensus estimate of 35 cents. The company, a self-storage REIT with a market cap of $9.23 billion, shows strong profitability and growth with a GF Score of 88/100, though financial strength and insider selling raise minor concerns. This outlook reflects its strategic market positioning and operations primarily in high-demand states.

CubeSmart Reports First Quarter 2026 Results

CubeSmart announced its first-quarter 2026 operating results, with diluted EPS of $0.36 and FFO, as adjusted, per diluted share of $0.63. The company saw same-store revenue growth turn positive, although same-store net operating income decreased by 1.5%. CubeSmart also engaged in investment activities, including a new joint venture and development property, and repurchased 0.9 million common shares.