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MALVERN, Pa. - Self-storage real estate investment trust CubeSmart (NYSE:CUBE) announced Tuesday that its Board of Trustees has declared a quarterly dividend of $0.52 per common share for the period ending September 30, 2025. The company has maintained dividend payments for 21 consecutive years, with the current yield standing at an attractive 5.09%, according to InvestingPro data.
The dividend will be payable on October 15, 2025, to shareholders of record as of October 1, 2025, according to a company press release.
CubeSmart currently owns or manages 1,523 self-storage properties across the United States. The company provides storage solutions for both residential and commercial customers, with most locations offering climate-controlled storage space.
The Pennsylvania-based REIT focuses on providing storage services to address organizational and logistical challenges faced by its customers.
According to information cited in the press release, CubeSmart ranks among the top three owners and operators of self-storage properties in the United States based on the 2025 Self Storage Almanac.
In other recent news, CubeSmart’s financial outlook has seen positive analyst attention. BofA Securities upgraded CubeSmart’s stock rating from Neutral to Buy, raising the price target to $50, citing the company’s conservative guidance for 2025 and its subsequent upward revision. BMO Capital also upgraded CubeSmart to Outperform, setting a price target of $49 and noting an increase in its 2025 same-store revenue growth expectation. KeyBanc Capital Markets maintained its Overweight rating with a $47 price target, highlighting CubeSmart’s better-than-expected performance and a conservative upward revision of management’s guidance.
At its 2025 Annual Meeting of Shareholders, CubeSmart elected nine trustees and approved amendments to the equity incentive plan. Shareholders also ratified KPMG LLP as the independent registered public accounting firm for 2025 and approved executive compensation on an advisory basis. Analysts have noted CubeSmart’s significant exposure to urban markets like New York City, where revenue growth outpaced the company’s overall same-store revenue growth. These developments reflect a positive sentiment among analysts regarding CubeSmart’s strategic positioning and financial performance.
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