PNC Financial Services Group Increases Stake in CubeSmart by 19.6% in 4th Quarter

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CUBESMART ($NYSE:CUBE): PNC Financial Services Group Inc. has recently seen a 19.6% increase in its stake in CubeSmart, a self-storage real estate investment trust (REIT) that provides storage solutions across the United States. CubeSmart is a publicly traded REIT that owns and operates self-storage facilities across the United States. The company offers a variety of storage solutions, ranging from climate-controlled units to parking spaces for cars, RVs, and boats.

CubeSmart also offers storage solutions tailored to businesses, such as document archiving and product inventory. CubeSmart has a wide range of customers including individuals, businesses, and government agencies in need of extra storage capacity.

Analysis

As an investor looking to make an informed decision about CUBESMART, GoodWhale can help you analyze their financials. Through our Risk Rating, we have assessed CUBESMART as a low risk investment in terms of both financial and business aspects. Additionally, GoodWhale has detected one risk warning in their balance sheet which is accessible to registered users only. Sign up with GoodWhale to gain further insight into CUBESMART’s financials. CubeSmart_by_19.6_in_4th_Quarter”>More…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Cubesmart. CubeSmart_by_19.6_in_4th_Quarter”>More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Cubesmart. CubeSmart_by_19.6_in_4th_Quarter”>More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Cubesmart. CubeSmart_by_19.6_in_4th_Quarter”>More…

Key Ratios Snapshot

Some of the financial key ratios for Cubesmart are shown below. CubeSmart_by_19.6_in_4th_Quarter”>More…

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, a leading self-storage real estate investment trust (REIT), has seen an increase in investment activity from PNC Financial Services Group Inc. Over the fourth quarter, PNC has increased their position in CubeSmart by 19.6%. This indicates that the REIT is performing well, and investors are confident in the company’s outlook. Analysts have identified CubeSmart as a strong investment opportunity due to its steady dividend yield and potential for growth.

Furthermore, the company’s portfolio of high-quality assets and diversified revenue streams make it a safe and profitable option for investors. With investors continuing to show interest, CubeSmart is poised for long-term success.