These are top 10 stocks traded on the Robinhood UK platform in July
CubeSmart (NYSE:CUBE), a self-administered and self-managed real estate investment trust with a market capitalization of nearly $10 billion, announced the results of its 2025 Annual Meeting of Shareholders held on May 20, 2025. The company, which has maintained dividend payments for 21 consecutive years and currently offers a 4.77% dividend yield, continues to demonstrate strong financial health according to InvestingPro analysis. Shareholders voted on several key proposals, including the election of trustees, amendments to the equity incentive plan, appointment of an independent accounting firm, and approval of executive compensation.
In the election of trustees, nine individuals were elected to serve until the 2026 Annual Meeting. The votes for trustees ranged from 192,958,567 to 200,029,069, with withheld votes between 2,162,984 and 9,233,486, and broker non-votes consistently reported at 10,127,561 for each trustee.
The proposal to amend and restate the company’s 2007 Equity Incentive Plan was approved with 195,664,937 votes for, 6,092,120 against, and 434,996 abstentions. Broker non-votes were 10,127,561.
Shareholders ratified the appointment of KPMG LLP as CubeSmart’s independent registered public accounting firm for the fiscal year ending December 31, 2025. The decision received 201,242,401 votes for, 10,784,877 against, and 292,336 abstentions.
Lastly, the proposal for an advisory vote to approve the company’s executive compensation was approved with 191,218,570 votes for, 10,599,811 against, and 373,672 abstentions, alongside 10,127,561 broker non-votes.
The filing with the Securities and Exchange Commission confirms these results and the completion of the annual meeting proceedings. The detailed outcomes of the meeting ensure that CubeSmart continues to operate with shareholder approval on key governance and compensation issues. With a "GREAT" financial health score from InvestingPro and profitable operations generating $385.85 million in net income over the last twelve months, the company appears to be trading near its Fair Value. Investors seeking deeper insights can access comprehensive analysis through InvestingPro’s detailed research reports, available for over 1,400 US stocks including CubeSmart.
In other recent news, CubeSmart reported its first-quarter 2025 earnings, surpassing Wall Street expectations with an earnings per share (EPS) of $0.64, compared to the forecasted $0.40. The company also exceeded revenue forecasts, reporting $273.04 million against an expected $263.4 million. Analyst Jeffrey Spector from BofA Securities upgraded CubeSmart’s stock rating from Neutral to Buy, raising the price target to $50 due to the company’s conservative guidance and strong market performance, particularly in urban areas like New York City. KeyBanc Capital Markets maintained its Overweight rating with a $47 price target, citing CubeSmart’s performance exceeding expectations and a positive outlook for occupancy rates as the peak rental season approaches.
CubeSmart’s revenue growth in the New York Metropolitan Statistical Area (MSA) was notable, with a 2.8% increase, outperforming the company’s same-store revenue growth. The company’s balance sheet remains strong with low leverage, positioning it well for external growth opportunities. Additionally, the company reported a decline in move-in rents, with a decrease of only 2% year-over-year in April, compared to an 8.3% decrease in the first quarter. Analysts also noted that CubeSmart’s markets have experienced an average year-over-year spending growth of 2.4% year-to-date.
The company’s strategic focus on urban markets and operational efficiencies contributed to its robust results. CubeSmart’s stock is trading at an 8.5% adjusted funds from operations (AFFO) multiple discount compared to the Self Storage Real Estate Investment Trust (REIT) subsector, with an implied capitalization rate of 5.5%. As CubeSmart continues to navigate the current economic environment, analysts anticipate that consensus estimates for both 2025 and 2026 may be revised upwards.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.