- "Supply remains muted, effective rent growth has successfully taken the baton from occupancy growth to drive revenues, and management is confident that 2016 will be another strong year," says analyst George Hoglund, reiterating his Buy rating on CubeSmart (NYSE:CUBE), and hiking the price target by $1 to $31. "Skeptics looking to poke holes in the bull thesis will likely remain frustrated."
- Effective rent growth, he says, now accounts for about 2/3-3/4 of revenue growth, with occupancy making up the rest.