CubeSmart: Self-Storage Demand Normalizes, But Remains Attractive

Jul. 13, 2023 5:40 AM ETCubeSmart (CUBE) StockCUBE4 Comments
A. Vandendael
913 Followers

Summary

  • CubeSmart, a self-storage REIT, has seen significant growth over the last decade, with returns of 40.42% in the past five years and an annually growing dividend.
  • CUBE has strong fundamentals and potential for consolidation in a fragmented industry, which is expected to grow at a 4.37% CAGR to $72.15 billion by 2028.
  • Risks include potential decreases in storage unit prices and customer demand, which could negatively impact the company's performance.

Photo of Cube Smart self storage facility building Brickell

felixmizioznikov

Self-storage REITs have been gaining popularity due to the industry's rapid growth over the last three years. Although 75% of the industry comprises small players, only a few large REITs are taking on this booming space. One stand out has

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