MALVERN, Pa., Feb. 03, 2026 (GLOBE NEWSWIRE) -- CubeSmart (NYSE: CUBE) and CBRE Investment Management today announced the acquisition of a self-storage location in Phoenix, AZ as the initial property in a $250 million self-storage venture. The newly formed venture will invest in core, core-plus, and value-add opportunities in high growth markets across the United States. CubeSmart will manage the stores on behalf of the venture, enhancing property value through its industry-leading operating platform. “We a ...

TORONTO, Jan. 30, 2026 (GLOBE NEWSWIRE) -- STORAGEVAULT CANADA INC. (“StorageVault”) (SVI-TSX) is pleased to announced its intention to repay in full on February 2, 2026, being the first business day following the maturity date of January 31, 2026 (the “Maturity Date”) all of its then-outstanding 5.75% senior unsecured hybrid debentures due on the Maturity Date (the “Debentures”) in accordance with the provisions of the trust indenture (the “Indenture”) dated July 20, 2020, between the Corporation and TSX T ...

Company Performance - Big Yellow Group Plc, a leader in the British self-storage market, is performing solidly [1] - The growth opportunities in the U.K. self-storage industry may be receding as the market becomes more developed [1]

Company Overview - CubeSmart is a self-administered and self-managed real estate investment trust (REIT) that owns or manages 1,515 self-storage properties across the United States, making it one of the top three owners and operators in the U.S. self-storage market according to the 2025 Self Storage Almanac [3]. Financial Results Announcement - CubeSmart will release its financial results for the three-month period ended December 31, 2025, after the market close on February 26, 2026 [1]. - A conference call to discuss these results will be held on February 27, 2026, at 11:00 a.m. ET [1]. Conference Call Details - A live webcast of the conference call will be available on the investor relations page of CubeSmart's corporate website [2]. - Telephone participants can join the call by dialing 1 (800) 715-9871 with conference ID number 4783436 [2]. - A telephonic replay of the call will be available until March 6, 2026, by dialing 1 (800) 770-2030 with the same conference ID [2]. Company Mission - The mission of CubeSmart is to simplify the organizational and logistical challenges faced by customers due to various life events and business needs through innovative solutions, unparalleled service, and genuine care [4]. - The self-storage properties are designed to provide affordable, easily accessible, and, in most locations, climate-controlled storage space for both residential and commercial customers [4].

Market Overview - Major U.S. index futures indicate a sharply lower open, with stocks expected to face pressure as trading resumes after the long weekend [1] - Concerns about a potential trade war between the U.S. and Europe, particularly regarding President Trump's efforts to acquire Greenland, are likely to impact market sentiment [1][3] Tariff Threats - President Trump has threatened to impose a 10 percent tariff on imports from several European nations, including Denmark, Norway, Sweden, France, Germany, the U.K., the Netherlands, and Finland, starting February 1st [2] - The tariffs are set to increase to 25 percent on June 1st and will remain until a deal is reached for the U.S. to purchase Greenland [3] Stock Market Reactions - The Nasdaq is expected to experience the largest declines due to fears of retaliatory actions from Europe against U.S. tech companies [4] - Recent trading showed volatility, with major averages closing modestly lower after fluctuating throughout the session [4][5] Economic Indicators - The Federal Reserve reported that industrial production grew by 0.4 percent in December, exceeding expectations of a 0.1 percent increase [9] - Commercial real estate stocks showed strength, with the Dow Jones U.S. Real Estate Index gaining 1.2 percent, while semiconductor stocks also rose, driving the Philadelphia Semiconductor Index to a record high [10] International Market Impact - Asian stocks mostly declined due to renewed trade war concerns stemming from Trump's tariff threats regarding Greenland [13] - European stocks also traded lower, influenced by military tensions in Greenland and Trump's tariff threats against France [18][19] Corporate News - AstraZeneca's shares fell after the company announced it would delist its American Depositary Shares and debt securities from Nasdaq [21] - Big Yellow Group's shares declined as the company reported a decrease in occupied space across its stores [21] - Renault's shares rose by 3.2 percent following an increase in sales volumes [22]

Group 1: Sony - Sony is considered a "buy" by Jim Cramer, who believes the stock is "undervalued" [1] - On December 19, Sony Group announced plans to increase its ownership stake in the Peanuts franchise by acquiring a controlling interest in Peanuts Holdings [1] - Sony Music Entertainment (Japan) Inc. and Sony Pictures Entertainment Inc. signed a definitive agreement with WildBrain Ltd. to purchase WildBrain's approximately 41% stake in Peanuts Holdings LLC [1] Group 2: CubeSmart - CubeSmart is viewed as lacking sufficient growth potential, with Jim Cramer suggesting there are better investment options available [2] - UBS analyst Michael Goldsmith maintained a Neutral rating on CubeSmart and reduced the price target from $38 to $37 [2] - CubeSmart shares increased by 0.6% to close at $37.90 on Monday [3]

Core Insights - SmartStop Self Storage REIT, Inc. celebrates its 15th anniversary of operations in Canada, marking a significant milestone in its commitment to providing secure and customer-focused storage solutions [1][2] Company Overview - SmartStop is an internally managed real estate investment trust (REIT) that specializes in self-storage facilities in the United States and Canada [1] - The company has expanded its Canadian footprint since entering the market in 2010, becoming the largest self-storage operator in the Greater Toronto Area (GTA) and the fourth largest in Canada [2] Operational Expansion - SmartStop operates 49 properties across Ontario, British Columbia, Alberta, and Quebec, with the recent opening of its first location in Montréal [3] - The company has modernized its facilities, improved digital tools, and expanded security systems to adapt to changing storage needs [4] Leadership Statements - H. Michael Schwartz, Chairman and CEO, emphasized the trust from partners and the dedication of teams as key factors in reaching this milestone, reaffirming the company's commitment to enhancing storage experiences [4] - Bliss Edwards, Executive Vice President – Canada, highlighted the focus on expanding presence and strengthening the portfolio as central to the company's future in Canada [5] Portfolio and Scale - As of December 17, 2025, SmartStop has a portfolio of over 460 operating properties across 34 states, Washington D.C., and Canada, comprising more than 270,000 units and 35 million rentable square feet [5] - In Canada, SmartStop and its affiliates own or manage 49 operating self-storage properties, totaling approximately 42,200 units and 4.3 million rentable square feet [5]

Core Viewpoint - StorageVault Canada Inc. announced a quarterly dividend of $0.002991 per common share, payable on January 15, 2026, to shareholders of record on December 31, 2025, with an ex-dividend date of December 31, 2025, designated as an "eligible dividend" for Canadian income tax purposes [1]. Group 1 - StorageVault operates 265 storage locations across Canada, owning 232 of these locations and over 5,000 portable storage units [2]. - The total rentable space managed by StorageVault exceeds 13.2 million square feet, spread over 768 acres of land [2]. - The company provides last mile storage and logistics solutions, as well as professional records management services, including document and media storage, imaging, and shredding services [2].

Group 1 - CubeSmart (NYSE:CUBE) is recognized among the 15 Dividend Stocks with a yield of over 4% for 2025 [1] - Mizuho analyst Ravi Vaidya has reduced the price target for CubeSmart from $43 to $38, maintaining a Neutral rating, citing disappointing performance expectations for 2025 [2] - The company reported positive move-in rates in its same-store portfolio for the first time since Q1 2022, attributing this to a favorable pricing environment and customer support [3] Group 2 - In Q3 2025, CubeSmart's same-store occupancy averaged 89.9%, ending at 89%, and the company opened a new development property costing $18.1 million [4] - CubeSmart added 46 stores to its third-party management platform, bringing the total to 863 managed stores [4]

Core Viewpoint - A consortium has entered into a takeover agreement for the largest self-storage provider in Australia and New Zealand after nearly two weeks of exclusive due diligence [1] Group 1 - The consortium's agreement marks a significant move in the self-storage industry within the Australia and New Zealand markets [1]