PSA - CubeSmart: A Wise Dividend Buy With Promising Potential

2024-02-19 09:30:00 ET

Summary

• CubeSmart is a large self-storage REIT that may be a good income pick in a growing industry amidst an overall expensive market.
• CubeSmart has a well-positioned portfolio with a strong presence in the top 40 metropolitan areas in the US.
• Despite short-term headwinds, CubeSmart offers long-term dividend growth and capital appreciation potential, making it a worthwhile investment in the REIT sector.

There’s value to be had in underfollowed names that are out of favor with the market, despite the S&P 500 ( SPY ) seeming to hit all-time highs on a regular basis. That’s because there’s a wide valuation disparity between popular growth stocks, which have plenty of optimism already baked into their prices, compared to value stocks that can’t seem to catch a break....

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