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CUBE News Highlights
- CUBE's 30 day story count now stands at 1.
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Latest CUBE News From Around the Web
Below are the latest news stories about CubeSmart that investors may wish to consider to help them evaluate CUBE as an investment opportunity.
Real estate investment trusts (REITs) are publicly traded companies that allow individual investors to buy shares in real estate portfolios that receive income from a variety of properties. A key REIT metric is funds from operations (FFO), a measure of earnings particular to the industry.
Self-storage REITs CubeSmart and National Storage are holding up reasonably well during the pandemic. But one is holding up better.
MALVERN, Pa., Jan. 20, 2021 (GLOBE NEWSWIRE) -- CubeSmart (NYSE: CUBE), a self-administered and self-managed real estate investment trust focused on self-storage properties, announced today the tax allocations of its 2020 distributions for CubeSmart Common Shares of Beneficial Interest. The 2020 distributions paid with respect to CubeSmart common stock (CUSIP #229663-109 and traded under ticker symbol CUBE) are as follows: RecordDatePayableDateTotalDistributionper ShareOrdinaryDividend(Box 1a)TotalCapitalGain (Box 2a)UnrecapturedSection 1250Gain(1) (Box 2b)NondividendDistribution(Box 3)Section 199A Dividend(2)(Box 5) 1/2/20201/15/2020$0.33 $0.244773 $0.007057 $0.001958 $0.078170 $0.244773 4/1/20204/15/2020$0.33 $0.244773 $0.007057 $0.001958 $0.078170 $0.244773 7/1/20207/15/2020$0.33 $0....
Though Mid-America Apartment (MAA) is likely to benefit from a diversified portfolio across the Sunbelt region, adverse impact of the pandemic on economy and high supply of rental units are concerns.
In this article you are going to find out whether hedge funds think CubeSmart (NYSE:CUBE) is a good investment right now. We like to check what the smart money thinks first before doing extensive research on a given stock. Although there have been several high profile failed hedge fund picks, the consensus picks among hedge […]
News that the activist hedge fund has nominated six directors to the Public Storage board has lifted the stock.
Foster Jeffrey P filed a Form 4 with the SEC on Tuesday, November 10. The insider sold 25,510 shares of CubeSmart Inc (NYSE:CUBE) at an average price of $33.10. After the transaction, the executive's stake in CubeSmart moved to 130,574 shares. CubeSmart was trading 0.4% lower from the previous closing price.The Importance of Insider Transactions Insider transactions shouldn't be used primarily to make an investing decision, however an insider transaction can be an important factor in the investing decision.When an insider buys stock after an important sell off, that can indicate the insider's faith in the success of the organization. Henceforth, if the stock is bought at new highs, it might be because the insider feels that the stock is not overvalued. Insiders who sell stock at new low...
MALVERN, Pa., Oct. 27, 2020 (GLOBE NEWSWIRE) -- CubeSmart (NYSE: CUBE), today announced that it has entered into an agreement to acquire a portfolio of eight self-storage properties in New York City from Storage Deluxe for $540 million. The portfolio, currently professionally managed by and branded CubeSmart, consists of 780,425 rentable square feet located in Brooklyn, Queens, and the Bronx, NY.“This exciting transaction represents the culmination of our ten-year strategic plan to establish our leading market position in New York City,” commented Christopher P. Marr, President and Chief Executive Officer. “The acquisition of this portfolio expands our presence in attractive submarkets within each outer borough that have positive demographic trends and a strong growth outlook. The timin...
MALVERN, Pa., Oct. 21, 2020 (GLOBE NEWSWIRE) -- Today, CubeSmart (NYSE: CUBE), the third-largest owner and operator of self-storage properties in the United States, was named as a Champion of Board Diversity by the Forum of Executive Women. The award recognizes companies in the greater Philadelphia region whose corporate boards are composed of at least 30% women. This is the fifth time CubeSmart has been recognized for this honor. “We believe our business is better because of the diversity of participation, thought, and action that comes from the unique individuals who work with us, starting with our board and carrying through to every CubeSmart teammate,” said Christopher P. Marr, President and Chief Executive Officer of CubeSmart. “It’s an honor to be recognized for the gender divers...