Analyst Consensus ?
ConsensusHold27 ratings
Bullish1348.2%
Neutral1348.1%
Bearish13.7%
1 unmapped firm rating excluded from the percentages.
CubeSmart · CUBE · FY2025 Q4 · Calendar Q1 2026
CubeSmart sees demand stabilizing, with expense and regulatory risks in focus
Management described improving operating indicators—positive move-in rates and narrowing occupancy gaps—as supply pressure eases. That supports a measured recovery case, but modest revenue growth, expense pressures and regulatory uncertainty remain important counterweights.
Reported After market closeNYSEReal Estate
$10.02B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$0.64
Consensus $0.37
EPS surprise
+73.1%
Reported versus consensus
Reported revenue
$282.7M
Consensus $276.5M
Revenue surprise
+2.2%
Reported versus consensus
Market reaction
event-close to next-session close
Stock move
+2.3%
Event window
SPY move
-0.5%
Same window
Abnormal move
+2.8%
Stock minus SPY
Volume
1.4×
Versus trailing sessions
Subsequent drift
-12.6%
Up to 20 sessions
CUBESPY benchmark
Ask FN2 about CUBE FY2025 Q4
Transcript, numbers and history already loaded
Why did CUBE rise 2.3% after beating EPS estimates in FY2025 Q4?What changed in CUBE's guidance and outlook in FY2025 Q4?Give me the bull and bear case for CUBE after FY2025 Q4 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
Relative to the prior call's emphasis on declining occupancy and same-store revenue, management now describes move-in rates as positive and occupancy gaps as narrowing. It also says fewer stores are expected to face new supply in 2026. The operating picture is improving, but management still characterizes same-store revenue growth as modest.
Guidance delta
Management maintained 2026 FFO guidance of $2.52–$2.60 per share and expects modest same-store revenue growth. The supplied analysis does not describe a change to that guidance in this quarter.
Key takeaways
- Management said move-in rates have turned positive and occupancy gaps are narrowing, particularly in Northeast and Midwest markets.
- Management expects new-supply exposure to ease, with 19% of stores affected in 2026 versus 24% in 2025, according to the transcript analysis.
- Expense growth remains a pressure point, including real-estate taxes and weather-related costs.
- Capital allocation includes share repurchases, selective acquisitions and a new CBRE Investment Management joint venture.
Management priorities
- Execute 2026 guidance and narrow occupancy gaps.
- Deploy the $250 million CBRE joint-venture mandate across core and value-add assets.
- Pursue selective acquisitions while maintaining the stated share-repurchase strategy.
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Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$44.27Current
$37Low
$45.61Average
$62High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Nov 3, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| UBS | Neutral | Neutral | Maintain | Oct 16, 2026 |
| Evercore ISI Group | Outperform | Outperform | Maintain | Sep 21, 2026 |
| Mizuho | Neutral | Neutral | Maintain | Sep 2, 2026 |
| Wells Fargo | Equal Weight | Equal Weight | Maintain | Jul 24, 2026 |
| Barclays | Overweight | Equal Weight | Upgrade | Jul 10, 2026 |
| Truist Securities | Buy | Buy | Maintain | Jun 17, 2026 |
| RBC Capital | Outperform | Outperform | Maintain | May 4, 2026 |
| Scotiabank | Sector Perform | Sector Perform | Maintain | Mar 13, 2026 |
| Wolfe Research | Peer Perform | Outperform | Downgrade | Jan 26, 2026 |
| Keybanc | Overweight | Downgrade | Nov 10, 2025 | |
| Citigroup | Neutral | Neutral | Maintain | Aug 25, 2025 |
| BMO Capital | Outperform | Market Perform | Upgrade | Jun 20, 2025 |
| B of A Securities | Buy | Neutral | Upgrade | May 13, 2025 |
| Deutsche Bank | Hold | Sell | Upgrade | Jan 10, 2025 |
| Jefferies | Buy | Buy | Maintain | Sep 18, 2024 |
| Raymond James | Outperform | Outperform | Maintain | Jul 23, 2024 |
| Stifel | Buy | Buy | Maintain | Sep 13, 2023 |
| JP Morgan | Neutral | Neutral | Maintain | Jun 13, 2023 |
| Berenberg | Hold | Hold | Maintain | Oct 7, 2021 |
| SunTrust Robinson Humphrey | Hold | Hold | Maintain | Apr 17, 2020 |
| Bank of America | Underperform | Neutral | Downgrade | Jan 6, 2020 |
| Baird | Neutral | Outperform | Downgrade | Nov 28, 2017 |
| DA Davidson | Neutral | Neutral | Maintain | Jun 24, 2016 |
| FBR Capital | Outperform | Outperform | Maintain | Jun 23, 2016 |
| BB&T Capital | Buy | Buy | Maintain | Nov 10, 2015 |
| ISI Group | Buy | Buy | Maintain | Feb 19, 2014 |
| Macquarie | Neutral | Underperform | Upgrade | Oct 28, 2013 |
| Cantor Fitzgerald | Buy | Buy | Maintain | Dec 4, 2012 |
Named analyst price targets
Upside is calculated against the persisted current price $44.27. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| UBS | Analyst unavailable | $38 | $38.56 | -14.2% | Oct 16, 2026 |
| Evercore ISI | Analyst unavailable | $46 | $39.7 | +3.9% | Sep 21, 2026 |
| Mizuho Securities | Analyst unavailable | $41 | $39.73 | -7.4% | Sep 2, 2026 |
| RBC Capital | Brad Heffern | $47 | $41.78 | +6.2% | Aug 4, 2026 |
| Wells Fargo | Analyst unavailable | $42 | $41.01 | -5.1% | Jul 24, 2026 |
| Raymond James | Analyst unavailable | $44 | $40.46 | -0.6% | Jul 15, 2026 |
| UBS | Analyst unavailable | $43 | $40.13 | -2.9% | Jul 10, 2026 |
| Barclays | Brendan Lynch | $46 | $39.79 | +3.9% | Jul 10, 2026 |
| Evercore ISI | Analyst unavailable | $47 | $40.09 | +6.2% | Jul 6, 2026 |
| Truist Financial | Michael Lewis | $43 | $41.2 | -2.9% | Jun 17, 2026 |
| Mizuho Securities | Ravi Vaidya | $42 | $39.96 | -5.1% | May 27, 2026 |
| UBS | Analyst unavailable | $41 | $38.91 | -7.4% | May 18, 2026 |
| Wells Fargo | Analyst unavailable | $39 | $38.94 | -11.9% | Apr 16, 2026 |
| Truist Financial | Analyst unavailable | $41 | $36.23 | -7.4% | Mar 26, 2026 |
| Wells Fargo | Analyst unavailable | $40 | $38.89 | -9.6% | Feb 5, 2026 |
| Deutsche Bank | Analyst unavailable | $40 | $39.61 | -9.6% | Jan 20, 2026 |
| Barclays | Brendan Lynch | $43 | $37.22 | -2.9% | Jan 13, 2026 |
| UBS | Michael Goldsmith | $37 | $36.33 | -16.4% | Jan 8, 2026 |
| Truist Financial | Michael Lewis | $42 | $36.13 | -5.1% | Dec 16, 2025 |
| Mizuho Securities | Ravi Vaidya | $38 | $36.81 | -14.2% | Dec 5, 2025 |
| Evercore ISI | Analyst unavailable | $48 | $36.81 | +8.4% | Nov 3, 2025 |
| RBC Capital | Brad Heffern | $46 | $37.67 | +3.9% | Nov 3, 2025 |
| Deutsche Bank | Omotayo Okusanya | $45 | $39.33 | +1.6% | Oct 13, 2025 |
| Evercore ISI | Analyst unavailable | $49 | $40.24 | +10.7% | Oct 3, 2025 |
| UBS | Michael Goldsmith | $42 | $40.88 | -5.1% | Sep 16, 2025 |
| Barclays | Brendan Lynch | $48 | $43.68 | +8.4% | May 16, 2025 |
| KeyBanc | Analyst unavailable | $47 | $42.26 | +6.2% | Mar 6, 2025 |
| Scotiabank | Analyst unavailable | $46 | $42.46 | +3.9% | Mar 5, 2025 |
| Wells Fargo | Eric Luebchow | $50 | $49.98 | +12.9% | Oct 21, 2024 |
| Jefferies | Jonathan Petersen | $62 | $54.05 | +40.0% | Sep 18, 2024 |
| UBS | Mike Goldsmith | $54 | $53.92 | +22.0% | Sep 13, 2024 |
| Citigroup | Smedes Rose | $50 | $51.43 | +12.9% | Sep 5, 2024 |
| Truist Financial | Ki Bin Kim | $50 | $48.29 | +12.9% | Aug 16, 2024 |
| Raymond James | Jonathan Hughes | $50 | $48.17 | +12.9% | Jul 23, 2024 |
| BMO Capital | Juan Sanabria | $47 | $41.53 | +6.2% | May 29, 2024 |
| Wells Fargo | Eric Luebchow | $46 | $44.74 | +3.9% | Apr 5, 2024 |
| Raymond James | Analyst unavailable | $48 | $39.4 | +8.4% | Jan 9, 2023 |
| Jefferies | Analyst unavailable | $41 | $40.25 | -7.4% | Jan 3, 2023 |
| Evercore ISI | Analyst unavailable | $53 | $42.64 | +19.7% | Sep 19, 2022 |
| Truist Financial | Analyst unavailable | $53 | $49.65 | +19.7% | Aug 22, 2022 |
| Raymond James | Analyst unavailable | $58 | $50.59 | +31.0% | Aug 16, 2022 |
| Jefferies | Jonathan Petersen | $50 | $42.72 | +12.9% | Jul 11, 2022 |
| Raymond James | Jonathan Hughes | $52 | $42.07 | +17.5% | May 23, 2022 |
| Truist Financial | Analyst unavailable | $48 | $42.97 | +8.4% | May 16, 2022 |
Track every rating change on CUBE the moment it posts. Free to start.
Start freeCompany context
Snapshot as of publicationCubeSmart functions as an independent real estate investment trust (REIT), overseeing both its administration and management. The company's self-storage facilities deliver secure, convenient, and budget-friendly storage options for both private individuals and commercial entities. According to data from the 2020 Self-Storage Almanac, CubeSmart ranks among the top three owners and operators of self-storage properties nationwide.
Historical context
All CUBE earningsReal Estate peers this season
Latest reports in the same sector| Company | Quarter | EPS surprise | Market move | Headline |
|---|---|---|---|---|
| GLPI Gaming and Leisure Properties, Inc. | FY2026 Q3 · Calendar Q4 2026 | -11.5% | -1.3% | GLPI Keeps Guidance, Advances Development Despite Bally’s Risks |
| FRT Federal Realty Investment Trust | FY2026 Q3 · Calendar Q4 2026 | +3.9% | -1.1% | Federal Realty raises 2026 FFO outlook as leasing stays strong |
| WY Weyerhaeuser Company | FY2026 Q3 · Calendar Q4 2026 | +128.3% | +3.0% | Weyerhaeuser: Timberlands Strengthen as Growth Projects Advance |
| DLR-PL Digital Realty Trust, Inc. | FY2026 Q3 · Calendar Q4 2026 | -8.4% | — | Digital Realty raises guidance as AI demand lifts leasing and backlog |
Latest beats and misses
Who reports nextBeat on EPS
- MARFY2026 Q3 · November 2, 2026+6.3% EPS+4.3% move
- NBIXFY2026 Q3 · November 2, 2026+72.3% EPS-0.5% move
- AXSMFY2026 Q3 · November 2, 2026+60.6% EPS-5.8% move
- TEMFY2026 Q3 · November 2, 2026+174.7% EPS+8.7% move
- BWXTFY2026 Q3 · November 2, 2026+6.8% EPS-0.2% move
- CUBEFY2026 Q3 · October 29, 2026+2.3% EPS+4.0% move
Missed on EPS
- RYAAYFY2027 Q2 · November 2, 2026-0.3% EPS+2.9% move
- GLPIFY2026 Q3 · October 29, 2026-11.5% EPS-1.3% move
- LYBFY2026 Q3 · October 30, 2026-1.2% EPS+5.0% move
- CCJFY2026 Q3 · October 30, 2026-101.4% EPS-7.9% move
- VALEFY2026 Q3 · October 29, 2026-24.6% EPS+1.9% move
- PINSFY2026 Q3 · October 29, 2026-5.4% EPS-2.8% move
Get the CUBE recap when the next report posts
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Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2026-07-26T00:37:12.209961+00:00
- Polygon adjusted daily market bars · 2026-11-03T02:30:42.492966+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-11-03T02:30:42.490118+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-11-03. For educational purposes only; not investment advice.