CubeSmart's 5% Yield Is A Good Buy On Weakness

Sep. 06, 2023 1:55 AM ETCubeSmart (CUBE) StockCUBE1 Comment

Summary

  • CubeSmart, a self-storage REIT, has outperformed peers despite industry challenges, driven by a strategic New York presence and third-party management expansion.
  • CUBE boasts a 4.7% dividend yield with a healthy balance sheet, low leverage, and long debt maturity, positioning it well for income investors.
  • Trading at a reasonable multiple, CUBE offers growth potential with sustainable dividends, making it an attractive buy for long-term investors, despite near-term economic uncertainties.
  • Looking for more investing ideas like this one? Get them exclusively at iREIT on Alpha. Learn More »

Vorhängeschloss der Self-Storage-Tür mit roter Tür

yalcinsonat1/iStock via Getty Images

Introduction

The other day, I wrote an article on Extra Space Storage (EXR), my largest REIT investment. This self-storage leader has turned into a laggard, falling 32% over the past 12 months, including dividends.

Its

Test Drive iREIT© on Alpha For FREE (for 2 Weeks)

Join iREIT on Alpha today to get the most in-depth research that includes REITs, mREITs, Preferreds, BDCs, MLPs, ETFs, and other income alternatives. 438 testimonials and most are 5 stars. Nothing to lose with our FREE 2-week trial.

And this offer includes a 2-Week FREE TRIAL plus Brad Thomas' FREE book.

This article was written by

42.89K Followers

Leo Nelissen is an analyst focusing on major economic developments related to supply chains, infrastructure, and commodities. He is a contributing author for iREIT®+HOYA Capital.

As a member of the iREIT®+HOYA Capital team, Leo aims to provide insightful analysis and actionable investment ideas, with a particular emphasis on dividend growth opportunities. Learn More.

Analyst’s Disclosure:I/we have a beneficial long position in the shares of PSA, EXR either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Recommended For You

About CUBE Stock

SymbolLast Price% Chg
EPS
PE
Div Rate
Yield
Short Interest
Market Cap
Volume
Compare to Peers

More on CUBE

Related Stocks

SymbolLast Price% Chg
CUBE
--