CubeSmart (CUBE) Stock Forecast, Price Target & Predictions
CUBE Stock Forecast
CubeSmart stock forecast is as follows: an average price target of $52.00 (represents a 7.64% upside from CUBE’s last price of $48.31) 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 $52.00 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 $47.00. This represents a potential 7.64% upside from CUBE's last price of $48.31.
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% | 3.50% |
| Sep 18, 2024 | Jonathan Petersen | Jefferies | $62.00 | $54.05 | 14.71% | 28.34% |
| Sep 13, 2024 | Mike Goldsmith | UBS | $54.00 | $53.92 | 0.15% | 11.78% |
| Sep 05, 2024 | Smedes Rose | Citigroup | $50.00 | $51.43 | -2.78% | 3.50% |
| Aug 16, 2024 | Ki Bin Kim | Truist Financial | $50.00 | $48.29 | 3.54% | 3.50% |
| Jul 23, 2024 | Jonathan Hughes | Raymond James | $50.00 | $48.17 | 3.80% | 3.50% |
| May 29, 2024 | Juan Sanabria | BMO Capital | $47.00 | $41.53 | 13.17% | -2.71% |
| Apr 05, 2024 | Eric Luebchow | Wells Fargo | $46.00 | $44.74 | 2.82% | -4.78% |
| Jan 09, 2023 | - | Raymond James | $48.00 | $39.40 | 21.83% | -0.64% |
| Jan 03, 2023 | - | Jefferies | $41.00 | $40.25 | 1.86% | -15.13% |
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 3.50% increase from CUBE last price ($48.31).
CubeSmart Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 1 | 4 | 8 |
| Avg Price Target | $50.00 | $54.00 | $51.13 |
| Last Closing Price | $48.31 | $48.31 | $48.31 |
| Upside/Downside | 3.50% | 11.78% | 5.84% |
In the current month, the average price target of CubeSmart stock is $50.00, according to 1 Wall Street analyst offering twelve months forecast. The average price target represents a 3.50% increase as opposed to CubeSmart's last price of $48.31. This month's average price target is down -7.41% compared to last quarter, and down -2.21% 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 |
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 | $243.94M | $246.52M | $236.39M | $231.88M | $275.47M | $277.53M | $269.67M | $265.14M | $265.14M | $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 | $248.05M | $250.67M | $240.37M | $235.78M | $280.11M | $282.20M | $274.21M | $271.67M | $269.63M | $268.09M | $260.68M | $253.91M | $262.97M | $264.42M | $265.90M | $261.53M | $256.66M | $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 | $236.95M | $239.45M | $229.61M | $225.23M | $267.57M | $269.57M | $261.94M | $255.08M | $258.20M | $266.88M | $260.68M | $253.91M | $255.12M | $264.42M | $254.00M | $249.82M | $245.17M | $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 | $135.84M | $137.27M | $131.63M | $129.12M | $153.39M | $154.54M | $150.17M | $147.65M | $147.64M | $148.95M | $145.16M | $225.83M | $145.03M | $147.24M | $145.62M | $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 | $138.13M | $139.58M | $133.85M | $131.30M | $155.98M | $157.14M | $152.69M | $151.28M | $150.14M | $149.29M | $145.16M | $271.00M | $146.44M | $147.24M | $148.07M | $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 | $131.94M | $133.34M | $127.86M | $125.42M | $149.00M | $150.11M | $145.86M | $142.04M | $143.78M | $148.61M | $145.16M | $180.66M | $142.06M | $147.24M | $141.44M | $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 % | - | - | - | - | - | - | - | - | - | - | - | - | 1.38% | 1.20% | 0.35% | 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 | $106.26M | $106.24M | $99.90M | $97.27M | $103.00M | $102.03M | $98.57M | $97.26M | $103.69M | $101.16M | $95.70M | $59.63M | $102.21M | $100.56M | $95.50M | $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 | $108.59M | $108.56M | $102.09M | $99.40M | $105.26M | $104.27M | $100.72M | $99.39M | $105.19M | $101.50M | $95.71M | $71.56M | $103.71M | $100.61M | $97.59M | $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 | $102.30M | $102.28M | $96.18M | $93.64M | $99.16M | $98.23M | $94.89M | $94.31M | $102.19M | $100.82M | $95.70M | $47.71M | $100.70M | $100.52M | $91.94M | $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 | $14.02M | $14.17M | $13.59M | $13.33M | $15.83M | $15.95M | $15.50M | $15.24M | $15.24M | $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 | $14.26M | $14.41M | $13.82M | $13.55M | $16.10M | $16.22M | $15.76M | $15.62M | $15.50M | $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 | $13.62M | $13.76M | $13.20M | $12.95M | $15.38M | $15.49M | $15.06M | $14.66M | $14.84M | $15.34M | $14.98M | $18.16M | $14.66M | $15.20M | $14.60M | $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 | $0.44 | $0.46 | $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 | $0.45 | $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 |
|---|---|---|---|---|---|
| PLYM | Plymouth Industrial REIT | $18.73 | $25.80 | 37.75% | Buy |
| LXP | LXP Industrial Trust | $9.18 | $12.50 | 36.17% | Buy |
| REXR | Rexford Industrial Realty | $42.68 | $54.00 | 26.52% | Buy |
| PLD | Prologis | $114.54 | $142.87 | 24.73% | Buy |
| EGP | EastGroup Properties | $171.01 | $191.00 | 11.69% | Buy |
| NSA | National Storage Affiliates Trust | $43.90 | $49.00 | 11.62% | Hold |
| FR | First Industrial Realty Trust | $52.77 | $58.45 | 10.76% | Hold |
| STAG | STAG Industrial | $35.99 | $39.69 | 10.28% | Buy |
| CUBE | CubeSmart | $48.31 | $52.00 | 7.64% | Buy |
| EXR | Extra Space Storage | $165.04 | $174.09 | 5.48% | Buy |
| PSA | Public Storage | $332.86 | $336.91 | 1.22% | Buy |
| LSI | Life Storage | $133.10 | $131.14 | -1.47% | Buy |