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Strategic Storage Trust VI Announces Series E Preferred Stock Offering
Businesswire· 2025-10-06 22:41
Our expectations, beliefs and projections are expressed in good faith, and we believe there is a reasonable basis for them, but there can be no assurance that management's expectations, beliefs and projections will result or be achieved. For further information regarding risks and uncertainties associated with our business, and important factors that could cause our actual results to vary materially from those expressed or implied in such forward-looking statements, please refer to the factors listed and de ...
CubeSmart Announces the Date of Its Third Quarter 2025 Earnings Release and Conference Call
Globenewswire· 2025-10-02 20:15
MALVERN, Pa., Oct. 02, 2025 (GLOBE NEWSWIRE) -- CubeSmart (NYSE: CUBE) today announced that the Company will release financial results for the three-month period ended September 30, 2025 after the market close on Thursday, October 30, 2025. An accompanying conference call will be held at 11:00 a.m. ET on Friday, October 31, 2025. A live webcast of the conference call will be available online from the investor relations page of the Company’s corporate website at investors.cubesmart.com. Telephone participant ...
If You Invested $10K In CubeSmart Stock 10 Years Ago, How Much Would You Have Now?
Yahoo Finance· 2025-09-29 12:01
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 owns and operates a large network of self-storage facilities nationwide, offering affordable and accessible storage solutions for residential and commercial customers. It is set to report its Q3 2025 earnings on Oct. 30. Wall Street analysts expect the company to post EPS of $0.49, down from $0.67 in the prior-year period. According to Benzing ...
Evercore ISI Upgrades CubeSmart (CUBE) from ‘In Line’ to ‘Outperform’, Raises Price Target to $48
Yahoo Finance· 2025-09-25 01:21
CubeSmart (NYSE:CUBE) is one of the 13 Best Warehouse and Self-Storage Stocks to Buy Right Now. Evercore ISI Upgrades CubeSmart (CUBE) from ‘In Line’ to ‘Outperform’, Raises Price Target to $48 On September 15, 2025, Evercore ISI upgraded CubeSmart (NYSE:CUBE) from ‘In Line’ to ‘Outperform’, raising its price target to $48 from $47. This price revision is a result of attractive valuation metrics and housing market tailwinds. The investment firm also highlighted CubeSmart (NYSE:CUBE)’s solid profit margi ...
UBS Reduces Its Price Target on Extra Space Storage Inc. (EXR) to $160, Keeps ‘Buy’ Rating
Yahoo Finance· 2025-09-25 01:07
Group 1 - Extra Space Storage Inc. (NYSE:EXR) is recognized as one of the 13 best warehouse and self-storage stocks to buy currently [1] - UBS has reduced its price target for Extra Space Storage Inc. from $169 to $160 while maintaining a 'Buy' rating [2] - The price revision reflects the company's steady fundamentals despite a softer macroeconomic environment, with revenue for the June 2025 quarter reaching $841.62 million, a 3.8% year-over-year increase, and same-store occupancy at 94.6% [3] Group 2 - Extra Space Storage Inc. operates over 4,100 self-storage facilities across the U.S. and is classified as a self-administered and self-managed REIT [4]
Extra Space Storage Inc. Announces Date of Earnings Release and Conference Call to Discuss 3rd Quarter 2025 Results
Prnewswire· 2025-09-24 22:00
Core Viewpoint - Extra Space Storage Inc. is set to release its financial results for the three and nine months ended September 30, 2025, on October 29, 2025, after market close, followed by a conference call on October 30, 2025, to discuss these results [1]. Financial Results Announcement - The financial results will be released after market close on October 29, 2025 [1]. - A conference call will be held on October 30, 2025, at 1:00 p.m. Eastern Time, hosted by CEO Joe Margolis and CFO Jeff Norman [1]. Conference Call Participation - A live webcast of the conference call will be available on the company's investor relations page [2]. - Participants can pre-register for the call to receive a special dial-in number and PIN to avoid delays [2]. - A replay of the conference call will be available on the investor relations website starting October 30, 2025, at 5:00 p.m. ET, for one year [2]. Company Overview - Extra Space Storage Inc. is a fully integrated, self-administered, and self-managed real estate investment trust (REIT) and a member of the S&P 500 [4]. - As of June 30, 2025, the company owned and/or operated 4,179 self-storage properties, comprising approximately 2.9 million units and about 321.5 million square feet of rentable storage space [4]. - The company is the largest operator of self-storage properties in the United States, offering a variety of storage options including boat, RV, and business storage [4].
Argus Professional Storage Management, LLC to Combine with SmartStop Self Storage REIT, Inc.
Businesswire· 2025-09-24 20:45
Sep 24, 2025 4:45 PM Eastern Daylight Time Argus Professional Storage Management, LLC to Combine with SmartStop Self Storage REIT, Inc. Share LADERA RANCH, Calif. & TUCSON, Ariz.--(BUSINESS WIRE)--SmartStop Self Storage REIT, Inc. ("SmartStop†) (NYSE: SMA), an internally managed real estate investment trust and a premier owner and operator of self-storage facilities in the United States and Canada, announced a significant milestone in its growth strategy with the signing of a contribution agreement for Ar ...
SmartStop Prices 5-Year Canadian Maple Bond Offering
Businesswire· 2025-09-22 10:30
Core Viewpoint - SmartStop Self Storage REIT, Inc. has announced the pricing of a Canadian Maple Bond offering, indicating a strategic move to raise capital through debt issuance [1] Group 1: Company Overview - SmartStop Self Storage REIT, Inc. is an internally managed real estate investment trust focused on owning and operating self-storage facilities in the United States and Canada [1] - The company is recognized as a premier owner and operator in the self-storage sector [1] Group 2: Financial Details - SmartStop OP, L.P., the affiliated operating partnership of SmartStop, will issue CAD $200 million of series B senior unsecured notes [1] - The notes are due on September 24, 2030, reflecting a long-term financing strategy [1]
Is Extra Space Storage Stock Underperforming the Dow?
Yahoo Finance· 2025-09-15 17:20
Company Overview - Extra Space Storage Inc. (EXR) has a market cap of $31.2 billion and is a leading self-storage real estate investment trust (REIT) [1] - As of June 30, 2025, the company operates 4,179 stores across 43 states and Washington, D.C., with approximately 2.9 million units and 321.5 million square feet of rentable space [1][2] Stock Performance - Shares of Extra Space Storage have declined 22.1% from their 52-week high of $184.87, and have decreased 3.8% over the past three months, underperforming the Dow Jones Industrials Average's 8.6% rise during the same period [3] - Year-to-date, EXR stock is down 3.8%, lagging behind the Dow Jones Industrials Average's 7.7% gain, and has dipped 19.1% over the past 52 weeks compared to the Dow's 10.7% increase [4] Financial Results - Following Q2 2025 results on July 30, shares tumbled over 10% as core FFO per share was reported at $2.05, missing consensus estimates [5] - Same-store NOI dropped 3.1% to $474.2 million, while expenses surged 8.6% to $191.4 million, and interest expenses climbed 6.6% to $146.1 million, impacting margins despite a 60-basis-point occupancy gain to 94.6% [5] - Management revised 2025 guidance to a narrower FFO range of $8.05 to $8.25 per share, with expectations of flat-to-negative same-store revenue growth and NOI decline [5] Competitive Landscape - Rival Lineage, Inc. (LINE) has performed weaker than EXR, with LINE stock down 27.9% year-to-date and 49.2% over the past 52 weeks [6] - Despite underperformance, analysts maintain a moderately optimistic outlook for LINE, with a consensus rating of "Moderate Buy" and a mean price target of $157.63, representing a 9.4% premium to current levels [6]
SmartStop Self Storage REIT, Inc. Added to MSCI US REIT (RMZ) Index
Businesswire· 2025-09-11 21:03
Core Viewpoint - SmartStop Self Storage REIT, Inc. has been included in the MSCI US REIT Index, effective after market close on August 26, 2025, which is a significant recognition for the company in the U.S. real estate sector [1]. Company Summary - SmartStop Self Storage REIT, Inc. is an internally managed real estate investment trust that specializes in owning and operating self-storage facilities in the United States and Canada [1]. - The inclusion in the MSCI US REIT Index is expected to enhance the company's visibility and credibility among investors [1]. Industry Summary - The MSCI US REIT Index is recognized as a leading benchmark for the U.S. real estate sector, comprising equity REITs [1]. - Being part of this index may provide SmartStop with increased access to institutional investors and potentially improve its stock performance [1].