- CubeSmart ( NYSE: CUBE ) ticked down 0.4% amid a new short idea from Hedgeye, which sees the potential for a "miss" on FY23 outlook when it reports Q4 results.
- The possible miss would follow Extra Space Storage's ( EXR ) miss on FY22 along with its Q3 results, Hedgeye analyst Rob Simone wrote in a note on Tuesday.
- "CUBE is the only name among the five self-storage REITs that has yet to see any downward revisions to forward four-quarter FFO estimates post-3Q22," according to SImone. " EXR has clearly and very logically seen the most severe revisions."
- CubeSmart ( CUBE ) short interest is 3.6%.
- Last Tuesday CubeSmart ( CUBE ) and Life Storage ( LSI ) were cut to hold at Jefferies as s elf-storage prospects dim.
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CubeSmart ticks lower amid Hedgeye short idea