Evercore ISI Group has upgraded CubeSmart (CUBE) to Outperform from In-Line, signaling a more optimistic outlook for the self-storage REIT. This change, effective September 14, 2025, comes as CubeSmart's current stock price stands at $36.22.
The upgrade suggests improved fundamentals or a favorable shift in the company's strategic direction. CubeSmart operates as a self-managed and self-administered real estate investment trust, focusing on climate-controlled storage solutions for both residential and commercial customers. With approximately 631 properties across 25 states and the District of Columbia, the company boasts around 45.8 million rentable square feet.
CubeSmart's recent financial performance shows mixed results, with Q3 2025 earnings per share (EPS) of $0.36 falling short of the $0.39 estimate, resulting in a 7.1% surprise. The firm has a market capitalization of $8.2 billion and a P/E ratio of 22.91, with a dividend yield of 580.0%.
Upcoming earnings are scheduled for July 29, 2026, with EPS estimates at $0.37 and revenue expectations of $292.7 million. Analyst consensus remains positive, with 4 Strong Buy, 10 Buy, and 11 Hold ratings, reflecting a general Buy consensus.
As analyst ratings can evolve with new information, they should be considered alongside other factors such as company fundamentals and market trends when making investment decisions.