CubeSmart (CUBE) To Go Ex-Dividend on July 1st

CubeSmart (NYSE:CUBE) declared a quarterly dividend on Tuesday, May 19th. Shareholders of record on Wednesday, July 1st will be paid a dividend of 0.53 per share by the real estate investment trust on Wednesday, July 15th. This represents a c) annualized dividend and a yield of 5.1%. The ex-dividend date is Wednesday, July 1st.

CubeSmart has increased its dividend by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 16 consecutive years. CubeSmart has a payout ratio of 135.0% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect CubeSmart to earn $2.61 per share next year, which means the company should continue to be able to cover its $2.12 annual dividend with an expected future payout ratio of 81.2%.

CubeSmart Stock Down 0.1%

CUBE stock opened at $41.21 on Monday. CubeSmart has a one year low of $35.09 and a one year high of $43.63. The stock has a market capitalization of $9.33 billion, a PE ratio of 29.02, a price-to-earnings-growth ratio of 7.13 and a beta of 1.09. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.04 and a current ratio of 0.04. The company has a fifty day moving average of $40.14 and a 200-day moving average of $38.68.

CubeSmart (NYSE:CUBE) last issued its quarterly earnings results on Thursday, April 30th. The real estate investment trust reported $0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.02. The business had revenue of $281.93 million for the quarter, compared to analyst estimates of $275.25 million. CubeSmart had a net margin of 28.93% and a return on equity of 11.84%. The business’s revenue was up 3.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.64 earnings per share. CubeSmart has set its FY 2026 guidance at 2.520-2.600 EPS and its Q2 2026 guidance at 0.620-0.640 EPS. As a group, analysts expect that CubeSmart will post 2.58 EPS for the current year.

About CubeSmart

CubeSmart (NYSE: CUBE) is a publicly traded real estate investment trust (REIT) specializing in the ownership, operation and management of self-storage facilities across the United States. The company’s portfolio comprises properties in primary and secondary markets, catering to both individual and business customers seeking flexible, short-term and long-term storage solutions. CubeSmart’s facilities feature a range of unit sizes, climate-controlled options and advanced security features, supported by on-site managers and centralized customer service operations.

In addition to traditional self-storage units, CubeSmart offers specialty services such as vehicle and boat storage, retail sales of packing and moving supplies, and tenant insurance programs.