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

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 of this dividend is Wednesday, July 1st.

CubeSmart has increased its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 16 consecutive years. CubeSmart has a dividend 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 $2.64 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

CubeSmart stock opened at $39.59 on Thursday. The stock has a market cap of $8.96 billion, a PE ratio of 27.88, a P/E/G ratio of 6.75 and a beta of 1.11. The company has a quick ratio of 0.04, a current ratio of 0.04 and a debt-to-equity ratio of 1.29. The business’s 50-day moving average price is $38.67 and its two-hundred day moving average price is $37.98. CubeSmart has a 12-month low of $35.09 and a 12-month high of $44.13.

CubeSmart (NYSE:CUBE) last announced its quarterly earnings results on Thursday, April 30th. The real estate investment trust reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.02. The company 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 firm’s revenue was up 3.3% on a year-over-year basis. During the same period in the previous 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. As a group, analysts expect that CubeSmart will post 2.57 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Jeffrey P. Foster sold 23,148 shares of CubeSmart stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $41.02, for a total value of $949,530.96. Following the completion of the sale, the insider owned 205,057 shares of the company’s stock, valued at approximately $8,411,438.14. This trade represents a 10.14% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 1.76% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Cetera Investment Advisers lifted its position in CubeSmart by 1.6% in the 2nd quarter. Cetera Investment Advisers now owns 17,212 shares of the real estate investment trust’s stock worth $731,000 after buying an additional 265 shares during the last quarter. Fifth Third Wealth Advisors LLC increased its stake in CubeSmart by 4.0% in the 1st quarter. Fifth Third Wealth Advisors LLC now owns 6,964 shares of the real estate investment trust’s stock worth $255,000 after purchasing an additional 269 shares during the period. Crossmark Global Holdings Inc. increased its stake in CubeSmart by 1.8% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 16,357 shares of the real estate investment trust’s stock worth $665,000 after purchasing an additional 282 shares during the period. Fifth Third Bancorp increased its stake in shares of CubeSmart by 12.5% during the first quarter. Fifth Third Bancorp now owns 2,608 shares of the real estate investment trust’s stock valued at $96,000 after buying an additional 289 shares during the period. Finally, Huntington National Bank increased its stake in shares of CubeSmart by 43.3% during the third quarter. Huntington National Bank now owns 977 shares of the real estate investment trust’s stock valued at $40,000 after buying an additional 295 shares during the period. Institutional investors own 97.61% of the company’s stock.

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.