Latest news with #selfstorage
Yahoo
2 days ago
- Business
- Yahoo
If You Invested $10K In CubeSmart Stock 10 Years Ago, How Much Would You Have Now?
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. CubeSmart (NYSE:CUBE) is a real estate investment trust that invests in self-storage facilities in the U.S. It is set to report its Q2 2025 earnings on July 31. Wall Street analysts expect the company to post EPS of $0.63, down from $0.64 in the prior-year period. According to Benzinga Pro, quarterly revenue is expected to reach $275.71 million, up from $266.21 million a year earlier. Don't Miss: GoSun's breakthrough rooftop EV charger already has 2,000+ units reserved — become an investor in this $41.3M clean energy brand today. Invest early in CancerVax's breakthrough tech aiming to disrupt a $231B market. Back a bold new approach to cancer treatment with high-growth potential. The company's stock traded at approximately $23.29 per share 10 years ago. If you had invested $10,000, you could have bought roughly 429 shares. Currently, shares trade at $43.11, meaning your investment's value could have grown to $18,510 from stock price appreciation alone. However, CubeSmart also paid dividends during these 10 years. CubeSmart's dividend yield is currently 4.82%. Over the last 10 years, it has paid about $14.84 in dividends per share, which means you could have made $6,372 from dividends alone. Summing up $18,510 and $6,372, we end up with the final value of your investment, which is $24,882. This is how much you could have made if you had invested $10,000 in CubeSmart stock 10 years ago. This means a total return of 148.82%. However, this figure is significantly less than the S&P 500 total return for the same period, which was 246.30%. Trending: This Jeff Bezos-backed startup will allow you to become a landlord in just 10 minutes, with minimum investments as low as $100. CubeSmart has a consensus rating of "Buy" and a price target of $48.28 based on the ratings of 19 analysts. The price target implies a nearly 12% potential upside from the current stock price. The company on May 1 announced its Q1 2025 earnings, posting FFO of $0.64, compared to the consensus estimate of $0.63, and revenues of $273.04 million, compared to the consensus of $264.82 million, as reported by Benzinga. "The first quarter represented a positive start to the year, with improving occupancy and rate trends driven by solid demand," said CEO Christopher P. Marr. "Our high-quality portfolio with its focus on top-tier markets uniquely positions us to perform during uncertain economic climates." For its full-year 2025, the company estimates diluted EPS in the range of $1.41 and $1.49. Diluted FFO per share is expected to be between $2.51 and $2.59. Check out this article by Benzinga for eight analysts' insights on CubeSmart. Given the expected upside potential, growth-focused investors may find CubeSmart stock attractive. Furthermore, they can benefit from the company's solid dividend yield of 4.82% and consistent hikes. CubeSmart has raised its dividend consecutively for the last 15 years. See Next: $100k in assets? Maximize your retirement and cut down on taxes: Book your free call with a financial advisor to start your financial journey – no cost, no obligation. Warren Buffett once said, "If you don't find a way to make money while you sleep, you will work until you die." Here's how you can earn passive income with just $100. This article If You Invested $10K In CubeSmart Stock 10 Years Ago, How Much Would You Have Now? originally appeared on
Associated Press
2 days ago
- Business
- Associated Press
Leitbox Storage Partners Marks Nine Anniversary With Over 15,501 Units Leased
BIRMINGHAM, AL / ACCESS Newswire / June 28, 2025 / Leitbox Storage Partners, a vertically integrated self-storage investment and development firm, announced today that it has surpassed a key milestone, celebrating nine years in operation with more than 15,501 units leased across its portfolio. The milestone reflects the continued validation of Leitbox's investment thesis and a consistent strategic approach across market cycles. From outperforming during the COVID-19 pandemic to navigating recent economic slowdowns, the firm's niche-focused, tactical model has consistently demonstrated resilience and returns. 'Our strategy hasn't shifted with the market-it has endured,' said Bill Leitner, Founder and Principal of Leitbox Storage Partners. 'Nine years ago, we set out to execute a strategy build a portfolio that could perform in any cycle. We're proud that our results have proven that, and institutional investors are noticing.' Leitbox is intentionally niche, strategic, and tactical. The firm specializes in mixed-use and urban-infill vertical storage developments, often targeting fortress locations in top performing markets with strong demographic fundamentals. The Leitbox Way has three (3) fundamental requirements: a compelling site, an execution plan to generate attractive market returns, and comprehensive risk mitigation through intensive diligence and conservative capital formation. With 13,308 units leased and a growing pipeline of acquisitions and developments, Leitbox continues to deliver on its promise to investors. For more information about Leitbox Storage Partners and investment opportunities, visit Contact InformationShantelle Dedicke Frances Roy Agency 3076317644 SOURCE: Leitbox Storage Partners press release
Yahoo
5 days ago
- Business
- Yahoo
What Makes CUBE a Reliable Income Play?
CubeSmart (NYSE:CUBE) is one of the Best REIT Dividend Stocks to Buy in 2025. A row of self-storage units in a self-storage complex, showing the affordability and security offered by the company. The company has delivered solid returns over the past decade, with a total return of roughly 84%. Its performance has been supported by rising demand in the self-storage sector. Data from Yardi Matrix shows that the industry added an average of 439 new facilities annually between 2010 and 2019. That figure jumped to 735 per year from 2020 to 2023, reflecting growing consumer and business need for storage space. CubeSmart (NYSE:CUBE) has also proven itself as a dependable dividend stock, having increased its payout for 16 consecutive years. Over the past five years, it has raised its dividend at an average annual rate of 9.6%, backed by strong financials. Over the last twelve months, the company generated $627.2 million in operating cash flow and $486.5 million in free cash flow. CubeSmart (NYSE:CUBE) operates as a self-administered, self-managed REIT focused on providing affordable, accessible, and— at many locations— climate-controlled storage solutions for both residential and commercial clients. As noted in the 2025 Self-Storage Almanac, it ranks among the top three self-storage owners and operators in the US. CubeSmart (NYSE:CUBE) currently offers a quarterly dividend of $0.52 per share and has a dividend yield of 4.85%, as of June 23. While we acknowledge the potential of CUBE as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and . Disclosure. None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
National Post
6 days ago
- Business
- National Post
Strategic Storage Growth Trust III, Inc. Acquires Class A Self-Storage Facility in Vancouver, British Columbia
Article content LADERA RANCH, Calif. — Strategic Storage Growth Trust III, Inc. ('SSGT III'), a private real estate investment trust sponsored by an affiliate of SmartStop Self Storage REIT, Inc. ('SmartStop'), is pleased to announce the acquisition of a Class A self-storage facility located at 1305 East 7th Avenue in Vancouver, British Columbia. Article content This five-level, purpose-built facility offers approximately 52,400 net rentable square feet and features 790 climate-controlled interior units, five drive-up units, and five underground parking stalls. It includes two elevators for convenient customer access and is located in a dense residential area with strong household incomes and projected population growth of approximately 8% over the next five years. Article content Article content With visibility to roughly 25,000 vehicles per day, the facility is well-positioned to meet demand from both residents and local businesses across Grandview-Woodland, Mount Pleasant, Strathcona, Hastings-Sunrise, Kensington-Cedar Cottage, Renfrew-Collingwood, and Riley Park. Article content Adding to the strength of this acquisition is the City of Vancouver's increasingly restrictive stance on new self-storage development. Recent zoning changes limit the ability to build new facilities, particularly in transit-oriented and industrial zones, making approved, purpose-built assets like this one both rare and highly valuable in the market. Article content 'This facility is a rare find in a highly constrained market and aligns perfectly with our strategy of acquiring well-located, high-quality assets in dense, growing urban areas,' said H. Michael Schwartz, CEO of SSGT III. 'With Vancouver's tightening development restrictions and strong demographic trends, we believe this property is well-positioned to deliver long-term value.' Article content About Strategic Storage Growth Trust III, Inc. (SSGT III): Article content SSGT III is a Maryland corporation that elected to qualify as a REIT for federal income tax purposes. SSGT III's primary investment strategy is to invest in growth-oriented self-storage facilities and related self-storage real estate investments in the United States and Canada. As of June 25, 2025, SSGT III has a portfolio of 13 operating properties in the United States, comprising approximately 10,420 and 1,229,675 net rentable square feet; five operating properties in Canada, comprising approximately 3,170 units and 325,190 net rentable square feet; and joint venture interests in three developments in two Canadian provinces (Québec and British Columbia). In addition, a subsidiary of SSGT III serves as the sponsor of a Delaware Statutory Trust, which currently owns two operating properties in the United States comprising approximately 1,040 units and 123,000 net rentable square feet. Article content About SmartStop Self Storage REIT, Inc. (SmartStop): Article content SmartStop Self Storage REIT, Inc. ('SmartStop') (NYSE: SMA) is a self-managed REIT with a fully integrated operations team of more than 600 self-storage professionals focused on growing the SmartStop® Self Storage brand. SmartStop, through its indirect subsidiary SmartStop REIT Advisors, LLC, also sponsors other self-storage programs. As of June 25, 2025, SmartStop has an owned or managed portfolio of 229 operating properties in 23 states, the District of Columbia, and Canada, comprising approximately 164,300 units and 18.4 million rentable square feet. SmartStop and its affiliates own or manage 43 operating self-storage properties in Canada, which total approximately 36,400 units and 3.7 million rentable square feet. Additional information regarding SmartStop is available at Article content Article content Article content Contacts Article content David Corak Article content Article content Article content
CNA
6 days ago
- Business
- CNA
CNA938 Rewind - Mind Your Money - Running out of room
CNA938 Rewind Singapore's self-storage industry is fast running out of room, as demand for space from e-commerce businesses and individuals continues to surge. Cheryl Goh finds out more about Singaporeans storage habits, and what goes on behind the scenes at a storage facility with Jes Johansen, CEO, Storefriendly.
