CubeSmart
Latest CubeSmart News and Updates
How Could Investing in EBSAX Affect Your Portfolio’s Performance?
EBSAX seeks to generate attractive risk-adjusted returns across a broad range of market conditions.
Extra Space Storage—Highest Stock Price Return among REITs
Extra Space’s (EXR) stock price has risen from $12.77 in 2008 to $83.80 in January 2018. EXR has returned 705.4% in the past ten years.
Optimism in Small Business Remained Unchanged in October
According to the NFIB, the small business optimism index remained unchanged at 96.1 in October. The reading was below the consensus estimate of 96.4.
Extra Space: Healthy Demand, Marketing Strategies to Drive Q3
Extra Space Storage (EXR) is expected to report its Q3 2018 results on October 30. Wall Street expects AFFO of $1.19 per share.
Where Extra Space Stands among Its Peers after Q2 Results
Extra Space is trading at a premium compared to CubeSmart and Life Storage and at a discount to Public Storage.
Acquisitions, Joint Ventures Expand Extra Space’s Footprint
Acquisitions have helped Extra Space (EXR) expand its domestic footprint. It has acquired properties worth $4.5 billion in the last five years.
Extra Space’s Growth Driven by Demand and Marketing Strategies
Extra Space has adopted digital marketing platforms, including social media and search engines, to drive traffic at its facilities.
Can Extra Space Storage Beat Analysts’ Q2 Estimates?
Extra Space Storage (EXR), set to report its Q2 results on July 31, could continue to benefit from self-storage demand rising.
How Wall Street Analysts View Extra Space
Analysts gave EXR a mean price target of $87.93, implying an ~1.5% rise from its current level of $86.72. It has a market capitalization of ~$10.9 billion.
Extra Space—Valuations on Par with the Industry
EXR’s FFO per share for 2017 is expected to be $4.32–$4.65.
Extra Space and Its Solid Balance Sheet
EXR increased its fixed debt ratio to 80.0% in 3Q17 from 76.1% in 2Q17.
Extra Space’s Occupancy Rate and Other Growth Factors
EXR’s occupancy rate in 2Q17 was 94.5% compared to 94.1% in 2Q16.
How Wall Street Analysts Rated the Top 3 Self-Storage REITs after 2Q17
Extra Space Storage’s (EXR) analyst target price is $81.13, up 7% from its current price level.
Comparing the Valuations of 3 Leading Self-Storage REITs after 2Q17
Public Storage (PSA) trades at an EV-to-EBITDA multiple of ~21.5x.
Chart in Focus: Self-Storage REITs’ 2Q17 Balance Sheets
CubeSmart issued two notes of $50.0 million each, carrying interest of 4.4% and 4.0% and maturity dates of 2023 and 2025, respectively.
Overview of Self-Storage REITs’ Development Activities in 2Q17
During 1H17, CubeSmart acquired two properties located in Maryland and California worth $21.9 million.
How the Top 3 Self-Storage REITs Managed Their Expenses in 2Q17
Although Public Storage did not provide any guidance for net operating income expected during fiscal 2017, analysts expect the company to report flat YoY NOI of ~$2.0 billion during 2Q17.
Comparing the Top 3 Self-Storage REITs after 2Q17 Earnings
Self-storage REITs are experiencing solid growth in income and revenues in 2017. In this series, we’ll analyze the 2Q17 results for Public Storage (PSA), Extra Space Storage (EXR), and CubeSmart (CUBE).
Specialized REITs: Value Drivers
Specialized REITs and residential REITs within IYR generated positive returns of 0.2% and 9%, respectively, on a yearly basis.
