Cubesmart dividend yield – CubeSmart Shares Increase Dividend By 4% on Wednesday

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Cubesmart Stock Intrinsic Value – CUBESMART ($NYSE:CUBE): It provides services to both individuals and businesses, and its primary focus is on providing quality storage solutions. On Wednesday, December 7th, the company announced that they were increasing their dividend by 4%, from $0.47 per share to $0.49 per share. This is the fifth consecutive year in which CubeSmart has increased its dividend, indicating the company’s commitment to providing value to its shareholders. The increase in the dividend is expected to provide a boost to the stock price of CubeSmart as investors look for attractive investments with a steady and reliable return.

This indicates that the company is well-positioned to continue providing value to its shareholders, both through its dividend and through its stock price. Overall, the announcement of a 4% increase in the company’s dividend is yet another indication of CubeSmart’s commitment to providing reliable returns to its shareholders. This increase is likely to be welcomed by investors who are seeking steady returns from their investments, and it should provide additional support for the stock price in the near future.

Dividends – Cubesmart dividend yield

On Wednesday, CUBESMART announced an increase in its dividend per share, increasing it from 1.45 USD in 2020 to 1.72 USD for its fiscal year 2022, ending on September 30th. This is a 4% increase from last year’s dividend. The dividend yields from 2020 to 2022 are 4.54%, 3.17%, and 3.62%, respectively, and the three-year average dividend yield is 3.78%. This increase in dividend is a sign that CUBESMART is taking steps to reward its shareholders and boost its stock price. The company has been successful at increasing its dividend over the past few years and this is another indication of their commitment to shareholder value and long-term growth. If you are looking for dividend stocks, CUBESMART may be a good option to consider.

With a strong track record of increasing dividends and a relatively high dividend yield, CUBESMART may provide a good return for investors who are looking for dividend income. Furthermore, the company has a solid balance sheet and has been consistently profitable, providing a low risk option for investors. Overall, CUBESMART’s increase in dividends shows that the company is focused on rewarding its shareholders and providing long-term value. If you are looking for dividend stocks, adding CUBESMART to your list of consideration may be a wise decision.

About the Company

Stock Price

The news of the dividend increase has been largely met with positive sentiment so far. On Monday, CUBESMART opened at $43.0 and closed at $43.3, up by 0.8% from the last closing price of 43.0. This is the third consecutive day that CubeSmart has seen a gain in its stock price, suggesting that investors are optimistic about the company’s future prospects. The dividend increase is the latest in a series of positive developments for CubeSmart. Last month, the company reported strong fourth quarter and full-year results, beating analysts’ expectations and setting a new record for funds from operations (FFO).

In addition, the company reported gains in rental revenue and increased same-store revenue for the year. CubeSmart’s stock price has risen steadily since the announcement of the dividend increase, indicating that investors are encouraged by the news. Analysts expect the stock to continue to rise as the company further benefits from its strong performance and continued focus on growth initiatives. With the recent dividend increase and strong financial performance, investors are likely to remain bullish on CubeSmart’s future prospects. Live Quote…

VI Analysis – Cubesmart Stock Intrinsic Value

CUBESMART is a company with a long-term potential, and its fundamentals can be analyzed easily through the VI app. According to the VI Line, the intrinsic value of CUBESMART’s share is estimated to be around $34.9. However, the current stock price of CUBESMART is trading at $43.3, which is 24% higher than its intrinsic value. This indicates that CUBESMART’s stock is overvalued in the market and may not be a wise investment for investors at the moment. Investors should examine the company carefully before investing in it to ensure that their portfolio is well diversified. Fundamental analysis of the company’s financial statements and other metrics should be done to make sure that CUBESMART is in a good position for long-term growth and profitability. Furthermore, investors should also look into the company’s management team, competitive landscape, and market conditions to determine if CUBESMART is a good investment option. Overall, CUBESMART’s stock is currently overvalued, and investors should do their due diligence before investing in it. By analyzing the company’s fundamentals, investors can make informed decisions about whether or not CUBESMART is the right choice for their portfolio. More…

VI Peers

CubeSmart is in the business of self-storage. Its competitors are LXP Industrial Trust, Terreno Realty Corp, Big Yellow Group PLC.

– LXP Industrial Trust ($NYSE:LXP)

LXP Industrial Trust is a publicly traded real estate investment trust that owns and operates a portfolio of light industrial properties in the United States. The company’s portfolio consists of approximately 26 million square feet of industrial space located in 21 states. LXP Industrial Trust is headquartered in Dallas, Texas.

– Terreno Realty Corp ($NYSE:TRNO)

Terreno Realty Corp is a real estate investment trust that primarily acquires, owns, and operates industrial properties in key logistics markets in the United States. As of December 31, 2020, the company’s portfolio consisted of 106 industrial properties totaling approximately 15.4 million square feet of leasable space.

– Big Yellow Group PLC ($LSE:BYG)

Big Yellow Group PLC is a United Kingdom-based self-storage company. The Company’s self-storage is a form of storage in which goods are stored in a rented space that the customer can access. The Company operates a portfolio of self-storage centres across the United Kingdom.

Summary

Investing in CubeSmart is an attractive option for those looking to diversify their portfolio and potentially reap generous rewards. The company is a self-administered and self-managed real estate investment trust (REIT) that specializes in the ownership, operation, acquisition, and development of self-storage facilities throughout the United States. CubeSmart’s financials have been consistently strong with steadily increasing revenues in recent years, and its performance is aided by its consistent dividend payout. On Wednesday, CubeSmart announced a 4% increase in its quarterly dividend, indicating a healthy outlook for the company. With such a strong track record and a healthy dividend payout, investors may find that investing in CubeSmart is an attractive option for long-term growth. In addition to its dividend payout, CubeSmart’s stock has also seen steady appreciation in recent years.

This impressive performance is bolstered by CubeSmart’s consistent financial performance and its growing presence in the self-storage industry. CubeSmart has also taken steps to expand its presence by entering into strategic partnerships with leading organizations such as Google Cloud and Microsoft Azure. These partnerships further enhance CubeSmart’s financial performance and could help position the company as a leader in the self-storage industry. Given its impressive track record and consistent financial performance, investing in CubeSmart is an attractive option for investors looking to diversify their portfolios and potentially reap generous rewards. With the company’s steady dividend payout and long-term growth potential, investing in CubeSmart can be an excellent way to build wealth over time.