CubeSmart (CUBE) Stock Forecast, Price Target & Predictions
CUBE Stock Forecast
CubeSmart stock forecast is as follows: an average price target of $52.67 (represents a 22.52% upside from CUBE’s last price of $42.99) and a rating consensus of 'Buy', based on 11 wall street analysts offering a 1-year stock forecast.
CUBE Price Target
The average price target for CubeSmart (CUBE) is $52.67 based on 1-year price targets from 11 Wall Street analysts in the past 3 months, with a price target range of $62.00 to $50.00. This represents a potential 22.52% upside from CUBE's last price of $42.99.
CUBE Analyst Ratings
According to 11 Wall Street analysts, CubeSmart's rating consensus is 'Buy'. The analyst rating breakdown for CUBE stock is 0 'Strong Buy' (0.00%), 6 'Buy' (54.55%), 5 'Hold' (45.45%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
CubeSmart Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Oct 21, 2024 | Eric Luebchow | Wells Fargo | $50.00 | $49.98 | 0.04% | 16.31% |
| Sep 18, 2024 | Jonathan Petersen | Jefferies | $62.00 | $54.05 | 14.71% | 44.22% |
| Sep 13, 2024 | Mike Goldsmith | UBS | $54.00 | $53.92 | 0.15% | 25.61% |
| Sep 05, 2024 | Smedes Rose | Citigroup | $50.00 | $51.43 | -2.78% | 16.31% |
| Aug 16, 2024 | Ki Bin Kim | Truist Financial | $50.00 | $48.29 | 3.54% | 16.31% |
| Jul 23, 2024 | Jonathan Hughes | Raymond James | $50.00 | $48.17 | 3.80% | 16.31% |
| May 29, 2024 | Juan Sanabria | BMO Capital | $47.00 | $41.53 | 13.17% | 9.33% |
| Apr 05, 2024 | Eric Luebchow | Wells Fargo | $46.00 | $44.74 | 2.82% | 7.00% |
| Jan 09, 2023 | Raymond James | $48.00 | $39.40 | 21.83% | 11.65% | |
| Jan 03, 2023 | Jefferies | $41.00 | $40.25 | 1.86% | -4.63% | |
| Sep 19, 2022 | Evercore ISI | $53.00 | $42.64 | 24.30% | 23.28% | |
| Aug 22, 2022 | Truist Financial | $53.00 | $49.65 | 6.75% | 23.28% | |
| Aug 16, 2022 | Raymond James | $58.00 | $50.59 | 14.65% | 34.92% | |
| Jul 11, 2022 | Jonathan Petersen | Jefferies | $50.00 | $42.72 | 17.04% | 16.31% |
| May 23, 2022 | Jonathan Hughes | Raymond James | $52.00 | $42.07 | 23.60% | 20.96% |
| May 16, 2022 | Truist Financial | $48.00 | $42.97 | 11.71% | 11.65% |
The latest CubeSmart stock forecast, released on Oct 21, 2024 by Eric Luebchow from Wells Fargo, set a price target of $50.00, which represents a 0.04% increase from the stock price at the time of the forecast ($49.98), and a 16.31% increase from CUBE last price ($42.99).
CubeSmart Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 2 | 8 |
| Avg Price Target | - | $56.00 | $51.13 |
| Last Closing Price | $42.99 | $42.99 | $42.99 |
| Upside/Downside | -100.00% | 30.26% | 18.93% |
In the current month, the average price target of CubeSmart stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to CubeSmart's last price of $42.99. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Nov 04, 2024 | RBC Capital | Outperform | Outperform | Hold |
| Oct 21, 2024 | Wells Fargo | Equal-Weight | Equal-Weight | Hold |
| Sep 18, 2024 | Jefferies | Buy | Buy | Hold |
| Sep 16, 2024 | Evercore ISI | Positive | Positive | Hold |
| Sep 13, 2024 | UBS | Neutral | Downgrade | |
| Sep 09, 2024 | RBC Capital | Outperform | Initialise | |
| Sep 05, 2024 | Citigroup | Neutral | Neutral | Hold |
| Aug 22, 2024 | Scotiabank | Outperform | Initialise | |
| Aug 22, 2024 | Barclays | Equal-Weight | Equal-Weight | Hold |
| Jul 23, 2024 | Raymond James | Outperform | Outperform | Hold |
| Jul 02, 2024 | Citigroup | Neutral | Neutral | Hold |
| May 29, 2024 | Raymond James | Underperform | Underperform | Hold |
| May 29, 2024 | Wells Fargo | Market Perform | Market Perform | Hold |
| May 29, 2024 | BMO Capital | Outperform | Market Perform | Downgrade |
| Dec 15, 2023 | BMO Capital | Outperform | Upgrade | |
| Jan 09, 2023 | Raymond James | Strong Buy | Strong Buy | Hold |
| Sep 19, 2022 | Evercore ISI | Outperform | Outperform | Hold |
| Aug 16, 2022 | Raymond James | Strong Buy | Strong Buy | Hold |
| Jun 30, 2022 | Jefferies | Buy | Buy | Hold |
| Jun 21, 2022 | Bank of America Securities | Buy | Upgrade | |
| May 23, 2022 | Raymond James | Strong Buy | Upgrade |
CubeSmart's last stock rating was published by RBC Capital on Nov 04, 2024. The company gave CUBE a "Outperform" rating, the same as its previous rate.
CubeSmart Financial Forecast
CubeSmart Revenue Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | $265.13M | $267.88M | $260.81M | $256.53M | $260.99M | $261.41M | $248.66M | $238.56M | $221.91M | $212.56M | $199.25M | $188.84M | $178.79M | $172.51M | $163.80M | $164.08M | $165.51M | $166.55M |
| Avg Forecast | $266.12M | $267.51M | $258.84M | $252.97M | $275.73M | $277.99M | $270.20M | $265.22M | $265.29M | $267.49M | $260.68M | $253.91M | $260.44M | $264.42M | $261.50M | $257.20M | $252.41M | $248.88M | $234.87M | $224.74M | $212.71M | $200.51M | $186.36M | $174.69M | $169.48M | $162.22M | $157.42M | $158.48M | $160.60M | $159.62M |
| High Forecast | $270.55M | $271.96M | $263.14M | $257.18M | $280.32M | $282.62M | $274.69M | $272.39M | $269.43M | $268.09M | $260.68M | $253.91M | $262.97M | $264.42M | $265.85M | $261.48M | $256.61M | $248.88M | $234.87M | $224.74M | $212.71M | $200.51M | $186.36M | $174.69M | $169.48M | $162.22M | $157.42M | $158.48M | $160.60M | $159.62M |
| Low Forecast | $258.75M | $260.10M | $251.67M | $245.96M | $268.10M | $270.29M | $262.71M | $255.60M | $258.10M | $266.88M | $260.68M | $253.91M | $255.12M | $264.42M | $254.25M | $250.07M | $245.42M | $248.88M | $234.87M | $224.74M | $212.71M | $200.51M | $186.36M | $174.69M | $169.48M | $162.22M | $157.42M | $158.48M | $160.60M | $159.62M |
| # Analysts | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 5 | 5 | 4 | 3 | 3 | 6 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 6 | 4 | 4 | 7 | 4 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.02% | 1.01% | 1.00% | 1.00% | 1.03% | 1.05% | 1.06% | 1.06% | 1.04% | 1.06% | 1.07% | 1.08% | 1.05% | 1.06% | 1.04% | 1.04% | 1.03% | 1.04% |
CubeSmart's average Quarter revenue forecast for Mar 24 based on 3 analysts is $253.91M, with a low forecast of $253.91M, and a high forecast of $253.91M. CUBE's average Quarter revenue forecast represents a -4.23% decrease compared to the company's last Quarter revenue of $265.13M (Dec 23).
CubeSmart EBITDA Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 5 | 5 | 4 | 3 | 3 | 6 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 6 | 4 | 4 | 7 | 4 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | $199.88M | $176.26M | $50.36M | $171.96M | $176.17M | $216.86M | $161.65M | $144.60M | $-1.90M | $163.66M | $123.02M | $115.81M | $118.46M | $104.71M | $97.85M | $98.17M | $102.51M | $104.43M |
| Avg Forecast | $173.75M | $174.66M | $168.99M | $165.16M | $180.03M | $181.50M | $176.41M | $173.16M | $173.21M | $174.64M | $170.20M | $225.83M | $170.04M | $172.64M | $170.73M | $205.30M | $-1.76M | $160.93M | $151.87M | $186.64M | $137.54M | $129.65M | $120.50M | $130.29M | $109.59M | $104.89M | $101.79M | $93.00M | $103.84M | $103.21M |
| High Forecast | $176.64M | $177.56M | $171.81M | $167.91M | $183.02M | $184.52M | $179.35M | $177.85M | $175.91M | $175.04M | $170.20M | $271.00M | $171.69M | $172.64M | $173.57M | $246.36M | $-1.41M | $160.93M | $151.87M | $223.96M | $137.54M | $129.65M | $120.50M | $156.34M | $109.59M | $104.89M | $101.79M | $111.60M | $103.84M | $103.21M |
| Low Forecast | $168.94M | $169.82M | $164.31M | $160.59M | $175.04M | $176.47M | $171.52M | $166.88M | $168.52M | $174.25M | $170.20M | $180.66M | $166.57M | $172.64M | $166.00M | $164.24M | $-2.11M | $160.93M | $151.87M | $149.31M | $137.54M | $129.65M | $120.50M | $104.23M | $109.59M | $104.89M | $101.79M | $74.40M | $103.84M | $103.21M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.18% | 1.02% | 0.29% | 0.84% | -100.30% | 1.35% | 1.06% | 0.77% | -0.01% | 1.26% | 1.02% | 0.89% | 1.08% | 1.00% | 0.96% | 1.06% | 0.99% | 1.01% |
3 analysts predict CUBE's average Quarter EBITDA for Mar 24 to be $225.83M, with a high of $271.00M and a low of $180.66M. This is 12.98% upper than CubeSmart's previous annual EBITDA (Dec 23) of $199.88M.
CubeSmart Net Income Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 5 | 5 | 4 | 3 | 3 | 6 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 6 | 4 | 4 | 7 | 4 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | $112.67M | $102.64M | $97.88M | $97.57M | $58.62M | $89.59M | $35.54M | $15.44M | $25.58M | $87.65M | $48.75M | $41.73M | $42.33M | $46.89M | $38.51M | $37.90M | $42.05M | $42.15M |
| Avg Forecast | $106.43M | $106.40M | $100.05M | $97.42M | $102.70M | $101.73M | $98.26M | $96.95M | $103.72M | $101.31M | $95.85M | $59.63M | $102.36M | $100.72M | $95.64M | $54.21M | $41.90M | $64.97M | $54.40M | $49.28M | $56.07M | $61.43M | $50.04M | $46.95M | $45.01M | $45.77M | $40.72M | $35.90M | $43.43M | $49.29M |
| High Forecast | $108.73M | $108.70M | $102.22M | $99.52M | $104.92M | $103.93M | $100.39M | $98.45M | $106.77M | $101.65M | $95.85M | $71.56M | $103.87M | $100.76M | $97.71M | $65.05M | $50.28M | $64.97M | $54.40M | $59.14M | $56.07M | $61.43M | $50.04M | $56.34M | $45.01M | $45.77M | $40.72M | $43.08M | $43.43M | $49.29M |
| Low Forecast | $102.59M | $102.57M | $96.45M | $93.91M | $99.01M | $98.07M | $94.72M | $95.46M | $99.98M | $100.97M | $95.84M | $47.71M | $100.85M | $100.67M | $92.20M | $43.37M | $33.52M | $64.97M | $54.40M | $39.43M | $56.07M | $61.43M | $50.04M | $37.56M | $45.01M | $45.77M | $40.72M | $28.72M | $43.43M | $49.29M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.10% | 1.02% | 1.02% | 1.80% | 1.40% | 1.38% | 0.65% | 0.31% | 0.46% | 1.43% | 0.97% | 0.89% | 0.94% | 1.02% | 0.95% | 1.06% | 0.97% | 0.86% |
CubeSmart's average Quarter net income forecast for Mar 24 is $59.63M, with a range of $47.71M to $71.56M. CUBE's average Quarter net income forecast represents a -47.07% decrease compared to the company's last Quarter net income of $112.67M (Dec 23).
CubeSmart SG&A Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 5 | 5 | 4 | 3 | 3 | 6 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 6 | 4 | 4 | 7 | 4 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | $13.98M | $14.06M | $14.32M | $14.67M | $12.98M | $13.39M | $13.72M | $14.53M | $13.24M | $12.10M | $11.56M | $10.92M | $49.08M | $48.28M | $49.44M | $51.20M | $50.66M | $53.39M |
| Avg Forecast | $15.30M | $15.38M | $14.88M | $14.54M | $15.85M | $15.98M | $15.53M | $15.24M | $15.25M | $15.38M | $14.98M | $22.70M | $14.97M | $15.20M | $15.03M | $20.64M | $12.23M | $14.31M | $13.50M | $18.76M | $12.23M | $11.53M | $10.71M | $12.28M | $9.74M | $9.32M | $9.05M | $48.51M | $9.23M | $9.18M |
| High Forecast | $15.55M | $15.63M | $15.13M | $14.78M | $16.11M | $16.25M | $15.79M | $15.66M | $15.49M | $15.41M | $14.98M | $27.24M | $15.12M | $15.20M | $15.28M | $24.77M | $14.68M | $14.31M | $13.50M | $22.51M | $12.23M | $11.53M | $10.71M | $14.74M | $9.74M | $9.32M | $9.05M | $58.21M | $9.23M | $9.18M |
| Low Forecast | $14.87M | $14.95M | $14.47M | $14.14M | $15.41M | $15.54M | $15.10M | $14.69M | $14.84M | $15.34M | $14.98M | $18.16M | $14.66M | $15.20M | $14.61M | $16.51M | $9.79M | $14.31M | $13.50M | $15.01M | $12.23M | $11.53M | $10.71M | $9.82M | $9.74M | $9.32M | $9.05M | $38.81M | $9.23M | $9.18M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.93% | 0.93% | 0.95% | 0.71% | 1.06% | 0.94% | 1.02% | 0.77% | 1.08% | 1.05% | 1.08% | 0.89% | 5.04% | 5.18% | 5.46% | 1.06% | 5.49% | 5.82% |
CubeSmart's average Quarter SG&A projection for Mar 24 is $22.70M, based on 3 Wall Street analysts, with a range of $18.16M to $27.24M. The forecast indicates a 62.36% rise compared to CUBE last annual SG&A of $13.98M (Dec 23).
CubeSmart EPS Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 5 | 5 | 4 | 3 | 3 | 6 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 6 | 4 | 4 | 7 | 4 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | $0.50 | $0.46 | $0.43 | $0.43 | $0.26 | $0.40 | $0.16 | $0.07 | $0.13 | $0.43 | $0.24 | $0.21 | $0.22 | $0.24 | $0.20 | $0.20 | $0.22 | $0.22 |
| Avg Forecast | $0.47 | $0.47 | $0.44 | $0.43 | $0.45 | $0.45 | $0.43 | $0.43 | $0.46 | $0.45 | $0.42 | $0.42 | $0.45 | $0.44 | $0.42 | $0.33 | $0.30 | $0.29 | $0.24 | $0.24 | $0.25 | $0.27 | $0.22 | $0.25 | $0.20 | $0.20 | $0.18 | $0.19 | $0.19 | $0.22 |
| High Forecast | $0.48 | $0.48 | $0.45 | $0.44 | $0.46 | $0.46 | $0.44 | $0.43 | $0.47 | $0.45 | $0.42 | $0.42 | $0.46 | $0.44 | $0.43 | $0.33 | $0.30 | $0.29 | $0.24 | $0.24 | $0.25 | $0.27 | $0.22 | $0.25 | $0.20 | $0.20 | $0.18 | $0.19 | $0.19 | $0.22 |
| Low Forecast | $0.45 | $0.45 | $0.42 | $0.41 | $0.44 | $0.43 | $0.42 | $0.42 | $0.44 | $0.44 | $0.42 | $0.42 | $0.44 | $0.44 | $0.41 | $0.31 | $0.29 | $0.29 | $0.24 | $0.24 | $0.25 | $0.27 | $0.22 | $0.25 | $0.20 | $0.20 | $0.18 | $0.19 | $0.19 | $0.22 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.11% | 1.04% | 1.02% | 1.32% | 0.88% | 1.40% | 0.67% | 0.28% | 0.53% | 1.59% | 1.09% | 0.83% | 1.10% | 1.19% | 1.11% | 1.06% | 1.13% | 1.01% |
According to 3 Wall Street analysts, CubeSmart's projected average Quarter EPS for Mar 24 is $0.42, with a low estimate of $0.42 and a high estimate of $0.42. This represents a -15.23% decrease compared to CUBE previous annual EPS of $0.50 (Dec 23).
CubeSmart Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| REXR | Rexford Industrial Realty | $39.92 | $51.80 | 29.76% | Buy |
| PLYM | Plymouth Industrial REIT | $19.10 | $24.00 | 25.65% | Buy |
| LXP | LXP Industrial Trust | $8.78 | $11.00 | 25.28% | Buy |
| STAG | STAG Industrial | $35.38 | $43.50 | 22.95% | Buy |
| EGP | EastGroup Properties | $167.72 | $201.67 | 20.24% | Buy |
| PLD | Prologis | $108.87 | $129.75 | 19.18% | Buy |
| CUBE | CubeSmart | $45.54 | $52.67 | 15.66% | Buy |
| FR | First Industrial Realty Trust | $52.01 | $59.00 | 13.44% | Hold |
| EXR | Extra Space Storage | $154.49 | $172.57 | 11.70% | Buy |
| PSA | Public Storage | $313.36 | $346.00 | 10.42% | Buy |
| NSA | National Storage Affiliates Trust | $41.15 | $41.67 | 1.26% | Hold |