Cubesmart ( (CUBE) ) just unveiled an announcement.
CubeSmart reported its fourth quarter and annual 2024 results, highlighting a decrease in net income and diluted EPS compared to the previous year. Despite a challenging self-storage environment, the company remains optimistic about 2025, citing stable self-storage fundamentals and strategic growth initiatives. Key activities included acquiring a significant interest in joint ventures and expanding its third-party management platform. The company also increased its quarterly dividend and reported a slight decrease in same-store net operating income due to increased expenses and decreased revenues.
More about Cubesmart
CubeSmart operates in the self-storage industry, providing storage solutions across a vast network of facilities. The company focuses on expanding its portfolio through acquisitions and development, while also enhancing its third-party management platform.
YTD Price Performance: 0.47%
Average Trading Volume: 1,480,702
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $9.67B
See more insights into CUBE stock on TipRanks’ Stock Analysis page.