CubeSmart rises after BMO upgrades to 'outperform' rating

CubeSmart

20/06/2025 15:28

** Self-storage REIT CubeSmart CUBE.N shares up ~1.1% to $43.17

** BMO upgrades CUBE to "outperform" from "market perform" rating

** Brokerage says CUBE's under-levered balance sheet provides a defensive bulwark in case of macroeconomic headwinds, while also allowing for accretive acquisitions

** "We see CUBE's high-quality, urban portfolio allowing for both attractive relative growth with lower risk," - BMO

** Brokerage raises PT to $49 from $48, a ~14.7% upside on stock's last close

** Six of 18 brokerages rate the stock "buy" or higher, 12 "hold"; their median PT is $47 - LSEG data

** Including session's moves, stock up ~0.8% YTD

 (Reporting by Prakhar Srivastava in Bengaluru)

 ((Prakhar.srivastava2@thomsonreuters.com))