Cubesmart Stock News

CubeSmart (NYSE:CUBE) had its target price hoisted by Truist Securities from $53.00 to $57.00 in a research report report published on Thursday, PriceTargets.com reports. Truist Securities currently has a hold rating on the real estate investment trusts stock. Several other research analysts have also commented on CUBE. BMO Capital Markets reaffirmed a buy rating on []

Picking A Winner In The Storage REIT Sector

CubeSmart (NYSE:CUBE) had its target price raised by Truist Securities from $53.00 to $57.00 in a research report sent to investors on Thursday morning, Price Targets.com reports. They currently have a hold rating on the real estate investment trusts stock. A number of other research firms have also recently issued reports on CUBE. Zacks Investment []

CubeSmart (NYSE:CUBE) Research analysts at Jefferies Financial Group boosted their FY2021 earnings estimates for CubeSmart in a research report issued to clients and investors on Monday, November 29th. Jefferies Financial Group analyst J. Petersen now anticipates that the real estate investment trust will earn $2.08 per share for the year, up from their previous []

GEO vs. CUBE: Which Stock Is the Better Value Option?

Unigestion Holding SA trimmed its stake in shares of CubeSmart (NYSE:CUBE) by 83.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 4,111 shares of the real estate investment trusts stock after selling 21,483 shares during the quarter. Unigestion Holding SAs holdings in CubeSmart []

MALVERN, Pa., Nov. 19, 2021 (GLOBE NEWSWIRE) -- CubeSmart (NYSE: CUBE) (the Company or CubeSmart), the third-largest owner and operator of self-storage properties in the United States, announced today the closing of its previously announced underwritten public offering of 15,525,000 common shares of beneficial interest (Common Shares) at a public offering price of $51.00 per share, including 2,025,000 shares sold pursuant to the exercise in full of the underwriters option to purchase additional Common Shares. CubeSmart expects to use all of the net proceeds of the offering to fund a portion of the approximately $1.648 billion cash purchase price, plus the payoff of approximately $40.9 million of existing indebtedness of LAACO, Ltd. (LAACO), for its pending acquisition of LAACO, including its portfolio of 59 open and operating self-storage properties that contain an aggregate of approximately 4.4 million rentable square feet, which includes two self-storage properties owned and operated by two joint ventures owned fifty percent by LAACO (the Storage West Portfolio Acquisition), and to pay transaction expenses related thereto.

CubeSmart (NYSE:CUBE) Equities researchers at KeyCorp lifted their FY2022 earnings per share estimates for shares of CubeSmart in a note issued to investors on Wednesday, November 17th. KeyCorp analyst T. Thomas now anticipates that the real estate investment trust will earn $2.47 per share for the year, up from their prior forecast of $2.32. []

MALVERN, Pa., Nov. 18, 2021 (GLOBE NEWSWIRE) -- CubeSmart (NYSE: CUBE) (the Company or CubeSmart), the third-largest owner and operator of self-storage properties in the United States, today announced that its operating partnership, CubeSmart, L.P. (the Operating Partnership), priced an offering of $550 million aggregate principal amount of 2.25% senior unsecured notes due 2028 (the 2028 Notes) and $500 million aggregate principal amount of 2.50% senior unsecured notes due 2032 (the 2032 Notes and together with the 2028 Notes, the Notes) in an underwritten public offering. The 2028 Notes were priced at 99.515% of the principal amount with a yield to maturity of 2.325%, and the 2032 Notes were priced at 99.219% of the principal amount with a yield to maturity of 2.587%. The Notes will be fully and unconditionally guaranteed by CubeSmart. The offering of the Notes is expected to close on November 30, 2021, subject to the satisfaction of customary closing conditions.

MALVERN, Pa., Nov. 16, 2021 (GLOBE NEWSWIRE) -- CubeSmart (NYSE: CUBE) (the Company or CubeSmart), the third-largest owner and operator of self-storage properties in the United States, today announced that it has priced an underwritten public offering of 13,500,000 of its common shares of beneficial interest, par value $0.01 per share ("Common Shares"), at a per share public offering price of $51.00, for total gross proceeds of approximately $688.5 million. In connection with the offering, CubeSmart has granted the underwriters of the offering a 30-day option to purchase up to an additional 2,025,000 Common Shares. The offering is expected to close on November 19, 2021 and is subject to customary closing conditions. CubeSmart expects to use all of the net proceeds of the offering to fund a portion of the approximately $1.648 billion cash purchase price, plus the payoff of approximately $40.9 million of existing indebtedness of LAACO, Ltd. (LAACO), for its pending acquisition of LAACO, including its portfolio of 59 open and operating self-storage properties that contain an aggregate of approximately 4.4 million rentable square feet, which includes two self-storage properties owned and operated by two joint ventures owned fifty percent by LAACO (the Storage West Portfolio Acquisition), and to pay transaction expenses related thereto.

Self-storage properties operator CubeSmart (CUBE) recently revealed that it has entered into an agreement to acquire LAACO, Ltd., the owner of the Storage … The post CubeSmart to Acquire Storage West Platform for $1.69B appeared first on Smarter Analyst .

MALVERN, Pa., Nov. 15, 2021 (GLOBE NEWSWIRE) -- CubeSmart (NYSE: CUBE) (the Company or CubeSmart), the third-largest owner and operator of self-storage properties in the United States, today announced that it has commenced an underwritten public offering of 13,500,000 of its common shares of beneficial interest, par value $0.01 per share ("Common Shares"). In connection with the offering, CubeSmart has granted the underwriters of the offering a 30-day option to purchase up to an additional 2,025,000 Common Shares. CubeSmart expects to use all of the net proceeds of the offering to fund a portion of the approximately $1.648 billion cash purchase price, plus the payoff of approximately $40.9 million of existing indebtedness of LAACO, Ltd. (LAACO), for its pending acquisition of LAACO, including its portfolio of 59 open and operating self-storage properties that contain an aggregate of approximately 4.4 million rentable square feet, which includes two self-storage properties owned and operated by two joint ventures owned fifty percent by LAACO (the Storage West Portfolio Acquisition), which was announced today and to pay transaction expenses related thereto.

Brokerages expect CubeSmart (NYSE:CUBE) to announce $0.55 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for CubeSmarts earnings, with estimates ranging from $0.53 to $0.57. CubeSmart posted earnings of $0.47 per share in the same quarter last year, which indicates a positive year-over-year growth rate []