CubeSmart Plans Quarterly Dividend of $0.53 (NYSE:CUBE)

CubeSmart (NYSE:CUBE) declared a quarterly dividend on Tuesday, May 19th. Investors 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) dividend on an annualized basis and a dividend yield of 5.4%. The ex-dividend date is Wednesday, July 1st.

CubeSmart has raised its dividend payment by an average of 0.1%annually 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% indicating that 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 $2.64 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 80.3%.

CubeSmart Stock Performance

Shares of NYSE CUBE opened at $38.98 on Wednesday. The stock has a market cap of $8.82 billion, a price-to-earnings ratio of 27.45, a P/E/G ratio of 6.74 and a beta of 1.11. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 1.29. CubeSmart has a 1-year low of $35.09 and a 1-year high of $44.13. The stock’s 50-day moving average is $38.68 and its 200 day moving average is $37.98.

CubeSmart (NYSE:CUBE) last announced its quarterly earnings data on Thursday, April 30th. The real estate investment trust reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.02. The company had revenue of $281.93 million for the quarter, compared to analysts’ expectations of $275.25 million. CubeSmart had a return on equity of 11.84% and a net margin of 28.93%.CubeSmart’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same period last year, the firm posted $0.64 EPS. CubeSmart has set its FY 2026 guidance at 2.520-2.600 EPS and its Q2 2026 guidance at 0.620-0.640 EPS. On average, sell-side analysts anticipate that CubeSmart will post 2.57 EPS for the current fiscal year.

CubeSmart Company Profile

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.