CubeSmart traded at $40.30 this Friday February 20th, increasing $1.64 or 4.24 percent since the previous trading session. Looking back, over the last four weeks, CubeSmart gained 3.39 percent. Over the last 12 months, its price fell by 3.61 percent. Looking ahead, we forecast CubeSmart to be priced at 39.05 by the end of this quarter and at 35.53 in one year, according to Trading Economics global macro models projections and analysts expectations.
CubeSmart operates as a self-managed and self-administered real estate company (REIT). The Company focuses on the ownership, operation, management, acquisition, and development of self-storage properties in the United States. The Company manages its operations through CubeSmart, L.P. and its subsidiaries. It provides self-storage properties that offers storage space for residential and commercial customers. The Company owns approximately 547 self-storage properties located in 24 states in the District of Columbia. Its offers storage solution consists of household storage, moving storage, business storage, vehicle storage, climate controlled storage and wine storage. The Company's household storage helps with a variety of storage needs, including moving, making room for the in-laws, ancillary storage for apartments and small studio dwellers and others. Its business storage includes inventory storage and storage for supplies and equipment, among others.