CUBESMART’s Stake Reduced by Allspring Global Investments Holdings LLC

Trending News 🌥️

Cubesmart Intrinsic Value – CUBESMART ($NYSE:CUBE): Allspring Global Investments Holdings LLC has reduced its stake in CubeSmart, a self-storage real estate investment trust. The reasons for this reduction are not clear, but it could be due to a change in investment strategy or portfolio rebalancing by Allspring Global Investments Holdings LLC. This reduction in stake by a major shareholder is likely to have a negative impact on the stock price of CubeSmart.

Stock Price

This has caused media exposure to be mostly negative. However, on Thursday, CUBESMART stock opened at $38.8 and closed at $38.6, showing that the company is still doing well despite the reduction in stake.

VI Analysis – Cubesmart Intrinsic Value

CUBESMART‘s long term potential is reflected in its fundamentals, which can be easily analysed using the VI app. The company’s intrinsic value is around $46.9, as calculated by VI Line. Currently, CUBESMART shares are traded at $38.6, which represents a fair price that is undervalued by 18%.

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

CUBESMART is a self-storage real estate investment trust that invests in, owns, and operates self-storage facilities. CUBESMART‘s stock has been under pressure in recent months due to concerns about the company’s growth prospects and financial stability. However, the company remains a well-positioned player in the self-storage industry with a strong portfolio of properties. For investors considering a position in CUBESMART, the stock may be attractive at current levels.