Cubesmart (CUBE) 26.83 $CUBE CubeSmart to Redee
Post# of 273254
CubeSmart to Redeem Its 7.75% Series A Cumulative Redeemable Preferred Shares
Marketwired - Fri Sep 02, 6:30AM CDT
MALVERN, PA--(Marketwired - September 02, 2016) - CubeSmart (NYSE: CUBE), a self-administered and self-managed real estate investment trust focused on self-storage facilities, announced today that it intends to redeem all of the outstanding 3,100,000 shares of its 7.75% Series A Cumulative Redeemable Preferred Shares (NYSE: CUBE.PRA) on November 2, 2016 (the "Redemption Date". Shares of 7.75% Series A Cumulative Redeemable Preferred Shares will be redeemed at a redemption price of $25.00 per share, plus accumulated and unpaid dividends up to and including the Redemption Date of $0.17374 per share (or an aggregate payment of $25.17374 per share on the Redemption Date). From and after the Redemption Date, dividends will cease to accrue, and on and after the Redemption Date the only remaining rights of holders of shares of 7.75% Series A Cumulative Redeemable Preferred Shares will be to receive payment of the redemption price, plus accumulated and unpaid dividends up to and including the Redemption Date.
CUBE: 26.83 (+0.01)
SmarTrend Watching for Potential Pullback in Shares of CubeSmart After 1.63% Gain
Comtex SmarTrend(R) - Thu Sep 01, 3:09PM CDT
CubeSmart (NYSE:CUBE) traded in a range yesterday that spanned from a low of $27.49 to a high of $28.05. Yesterday, the shares gained 1.6%, which took the trading range above the 3-day high of $27.67 on volume of 703,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.
CUBE: 26.83 (+0.01)
After Yesterday's Decline of 1.03%, CubeSmart Offers Investors Better Value
Comtex SmarTrend(R) - Fri Aug 26, 3:00PM CDT
CubeSmart (NYSE:CUBE) traded in a range yesterday that spanned from a low of $26.89 to a high of $27.39. Yesterday, the shares fell 1.0%, which took the trading range below the 3-day low of $27.14 on volume of 568,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.
CUBE: 26.83 (+0.01)
CubeSmart Set to Possibly Pullback After Yesterday's Rally of 1.17%
Comtex SmarTrend(R) - Fri Aug 12, 2:41PM CDT
CubeSmart (NYSE:CUBE) traded in a range yesterday that spanned from a low of $28.11 to a high of $28.98. Yesterday, the shares gained 1.2%, which took the trading range above the 3-day high of $28.26 on volume of 1.0 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.
CUBE: 26.83 (+0.01)
Upgrade Alert for CubeSmart (CUBE)
Comtex SmarTrend(R) - Tue Aug 09, 3:52AM CDT
CubeSmart (NYSE:CUBE) was upgraded from Hold to Buy at Evercore ISI today. The stock closed yesterday at $27.96 on volume of 3.0 million shares, above average daily volume of 1.2 million. CubeSmart share prices have moved between a 52-week high of $33.52 and a 52-week low of $22.56 and closed yesterday at 24% above that low price at $27.96 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 0.3%.
CUBE: 26.83 (+0.01)
Downgrade Alert for CubeSmart (CUBE)
Comtex SmarTrend(R) - Tue Aug 09, 3:51AM CDT
CubeSmart (NYSE:CUBE) was downgraded from Buy to Hold at Evercore ISI today. The stock closed yesterday at $27.96 on volume of 3.0 million shares, above average daily volume of 1.2 million. CubeSmart (NYSE:CUBE) has potential upside of 10.9% based on a current price of $27.96 and analysts' consensus price target of $31.00. The stock should find initial resistance at its 200-day moving average (MA) of $28.96 and further resistance at its 50-day MA of $31.61.
CUBE: 26.83 (+0.01)
CubeSmart Announces Pricing of Public Offering of $300 Million of 3.125% Senior Unsecured Notes Due 2026
Marketwire Canada - Mon Aug 08, 4:48PM CDT
MALVERN, PA--(Marketwired - August 08, 2016) - CubeSmart (NYSE: CUBE), a self-administered and self-managed real estate investment trust focused on self-storage facilities, announced today that its operating partnership, CubeSmart, L.P. (the "Operating Partnership", has priced an underwritten public offering of $300 million of 3.125% senior unsecured notes due 2026. The notes were priced at 99.504% of the principal amount to yield 3.183% to maturity. The notes are fully and unconditionally guaranteed by CubeSmart. The offering is expected to close on August 15, 2016, subject to customary closing conditions.
CUBE: 26.83 (+0.01)
CubeSmart Recognized by Inside Self-Storage Readers for Best Customer Service
Marketwire Canada - Mon Aug 08, 7:31AM CDT
MALVERN, PA--(Marketwired - August 08, 2016) - CubeSmart (NYSE: CUBE) today announced that it was named the Best Customer Service award winner from Inside Self-Storage's (ISS) 2016 Best of Business reader-choice poll, an annual campaign that solicits "Best of Business" votes from self-storage industry professionals and customers. This is the sixth time CubeSmart has been recognized by ISS readers, having won in the Best Customer Service category in 2014 and 2012, Best Call-Center Services category in 2015 and 2013 and Best Third Party Management Services in 2011.
CUBE: 26.83 (+0.01)
Mack-Cali (CLI) Q2 FFO Beats Estimates, Revenues Fall Short
Zacks Equity Research - Zacks Investment Research - Wed Aug 03, 1:44PM CDT
Mack-Cali Realty Corp. (CLI) reported second-quarter 2016 core FFO per share of 55 cents, beating the Zacks Consensus Estimate of 53 cents, reflecting lower net property expense.
WPC: 65.20 (+0.03), CUBE: 26.83 (+0.01), COR: 77.11 (+0.14), CLI: 26.94 (+0.01)
Highwoods (HIW) Q2 FFO & Revenues Beat Estimates, Up Y/Y
Zacks Equity Research - Zacks Investment Research - Wed Aug 03, 7:27AM CDT
Highwoods Properties Inc. (HIW) reported second-quarter 2016 funds from operations (FFO) of 82 cents per share, which beat the Zacks Consensus Estimate by 2 cents.
APLE: 18.46 (-0.03), CUBE: 26.83 (+0.01), COR: 77.11 (+0.14), HIW: 51.26 (+0.21)
CubeSmart Declares Third Quarter 2016 Dividend
Marketwire Canada - Tue Aug 02, 3:00PM CDT
MALVERN, PA--(Marketwired - August 02, 2016) - CubeSmart (NYSE: CUBE), a self-administered and self-managed real estate investment trust focused on self-storage facilities, announced today that its Board of Trustees declared a quarterly dividend of $0.21 per common share for the period ending September 30, 2016. The dividend is payable on October 17, 2016 to common shareholders of record on October 3, 2016. The Board of Trustees also declared a quarterly dividend of $0.484375 for the 7.75% Series A Cumulative Redeemable Preferred Shares payable on October 17, 2016 to holders of record on October 3, 2016.
CUBE: 26.83 (+0.01)
Welltower's (HCN) Q2 FFO, Revenues Beat Estimates; Up Y/Y
Zacks Equity Research - Zacks Investment Research - Tue Aug 02, 7:58AM CDT
Welltower Inc. (HCN) came up with normalized funds from operations (FFO) per share of $1.15 for second-quarter 2016, beating the Zacks Consensus Estimate of $1.14.
APLE: 18.46 (-0.03), HCN: 73.46 (+0.21), CUBE: 26.83 (+0.01), COR: 77.11 (+0.14)
CubeSmart Reports Second Quarter 2016 Results: FFO Per Share Grows 16.1%; Same-Store NOI Increases 11.0%
Marketwire Canada - Thu Jul 28, 3:30PM CDT
MALVERN, PA--(Marketwired - July 28, 2016) - CubeSmart (NYSE: CUBE) today announced its operating results for the three and six months ended June 30, 2016.
CUBE: 26.83 (+0.01)
Look for Shares of CubeSmart to Potentially Rebound after Yesterday's 1.70% Sell Off
Comtex SmarTrend(R) - Thu Jul 28, 3:00PM CDT
CubeSmart (NYSE:CUBE) traded in a range yesterday that spanned from a low of $28.80 to a high of $29.85. Yesterday, the shares fell 1.7%, which took the trading range below the 3-day low of $29.88 on volume of 1.6 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.
CUBE: 26.83 (+0.01)