Cubesmart ( (CUBE) ) has issued an announcement.
On March 3, 2025, CubeSmart entered into an Equity Distribution Agreement with several financial institutions, allowing the company to sell up to 13,510,817 common shares. This agreement replaces a previous program and aims to support CubeSmart’s financial strategies, including debt repayment and business expansion. The proceeds from these sales will be used for general business purposes, enhancing the company’s operational capabilities and market positioning.
More about Cubesmart
CubeSmart operates in the self-storage industry, providing storage solutions to individuals and businesses. The company focuses on offering convenient and secure storage facilities across various locations.
YTD Price Performance: -2.48%
Average Trading Volume: 1,541,245
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $9.39B
See more insights into CUBE stock on TipRanks’ Stock Analysis page.