CubeSmart (NYSE:CUBE) is reporting third quarter financial results on Thursday 5th November 2020, after market close.
According to analysts surveyed by Thomson Reuters, CUBE is expected to report 3Q20 income of $ 0.19 per share from revenue of $ 164.88 million.
For the full year, analysts anticipate top line of $ 653.33 million, while looking forward to income of $ 0.76 per share bottom line.
The Company Outlook
Full Year 2020 bottomline are predicted in a range of $ 1.67 ~ $ 1.71 per share
Click Here For More Historical Outlooks Of CubeSmart
Previous Quarter Performance
CubeSmart unfold income for the second quarter of $ 0.41 per share, from the revenue of $ 163.80 million. The quarterly earnings fell 2.38 percent while revenues increased 3.01 percent compared with the same quarter last year.
Street analysts expected CubeSmart to report income of $ 0.19 per share on revenue of $ 161.96 million for the second quarter. The bottom line results beat street analysts by $ 0.22 or 115.79 percent, at the same time, top line results outshined analysts by $ 1.84 million or 1.14 percent.
Stock Performance
Shares of CubeSmart traded low $ -0.27 or -0.78 percent on Wednesday, reaching $ 34.21 with volume of 737.10 thousand shares. CubeSmart has traded high as $ 34.90 and has cracked $ 34.21 on the downward trend
The closing price of $ 34.21, representing a 75.83 % increase from the 52 week low of $ 19.61 and a 2.1 % decrease over the 52 week high of $ 35.22.
The company has a market capital of $ 6.63 billion and is part of the Real Estate sector and REIT – Industrial industry.
Recent Analyst recommendations
- On 13th October 2020, upgraded by Jefferies Financial Group to Buy from Hold rating.
- On 6th October 2020, downgraded by Raymond James to Market Perform from Outperform rating.
CubeSmart is a self-administered and self-managed real estate investment trust. The Companys self-storage properties are designed to offer affordable, easily accessible and secure storage space for residential and commercial customers. According to the 2019 Self-Storage Almanac, CubeSmart is one of the top three owners and operators of self-storage properties in the United States.
