2024-07-26 08:00:00 ET
Summary
- CubeSmart (CUBE) is an underrated REIT in the self-storage sector, benefiting from a generational shift in living habits during the pandemic.
- CubeSmart is an owner, developer, and manager of self-storage assets in infill markets such as the East and West coast.
- CUBE releases Q2 earnings on August 1, providing a bellwether for the self-storage industry.
CubeSmart Overview
CubeSmart ( CUBE ) is an underrated REIT. In fact, CUBE ran under my radar until just recently when I was exploring local self-storage facilities. I rent a small unit from a locally-owned self-storage facility. At the beginning of the year, the rent on my unit increased significantly , spurring a search for a local alternative. To my chagrin, I found that most competitors including those run by large national brands such as Public Storage ( PSA ) had similarly priced rents. It appeared that self-storage was hotter than expected!...
Read the full article on Seeking Alpha
For further details see:
CubeSmart Q2 Earnings Preview: Can Self-Storage Make A Summer Rebound?