CubeSmart

CubeSmart (NYSE: CUBE) is a self-administered and self-managed real estate investment trust. The Company's self-storage properties are designed to offer climate-controlled storage space for residential and commercial customers. It owns its assets and conducts its operations through the CubeSmart, L.P. (Operating Partnership), and subsidiaries of the Operating Partnership. Its customers rent storage cubes for their exclusive use, on a month-to-month basis. 

As per our previous US Daily Report published on ‘CUBE’ on September 12, 2025, we provided a ‘Buy’ stance on the stock at USD 41.12 based on “above-mentioned price action, recent key business and financial updates, momentum in the stock over the last month, and technical indicators analysis”.

Noted below are the details of support and resistance levels provided in our previous report:

Daily Chart

Considering the decline in earnings momentum (with full-year diluted EPS falling to USD 1.46 from USD 1.72 and adjusted FFO per share declining to USD 2.58 from USD 2.63), continued weakness in same-store operating fundamentals reflected by a 1.1% NOI decline and lower occupancy, rising interest expense driven by higher debt balances and elevated rates, increasing dependence on acquisitions and third-party management expansion for revenue growth, and limited near-term upside despite modest 2026 guidance, a ‘Sell’ rating is assigned to the ‘CUBE’ at the closing market price of USD 38.88, as of April 10, 2026.

Note: This report may be updated with details around fundamental and technical analysis, price chart in due course, as appropriate.

Note 1: Past performance is not a reliable indicator of future performance.

Note 2: The reference date for all price data, currency, technical indicators, support, and resistance level is April 10, 2026. The reference data in this report has been partly sourced from REFINITIV.

Note 3: Investment decisions should be made depending on an individual's appetite for upside potential, risks, holding duration, and any previous holdings. An 'Exit' from the stock can be considered if the Target Price mentioned as per the Valuation and or the technical levels provided has been achieved and is subject to the factors discussed above.

Note 4: Target Price refers to a price level that the stock is expected to reach as per the relative valuation method and or technical analysis taking into consideration both short-term and long-term scenarios.

Note 5: ‘Kalkine reports are prepared based on the stock prices captured either from the New York Stock Exchange (NYSE), NASDAQ Capital Markets (NASDAQ), and or REFINITIV. Typically, all sources (NYSE, NASDAQ, or REFINITIV) may reflect stock prices with a delay which could be a lag of 15-20 minutes. There can be no assurance that future results or events will be consistent with the information provided in the report. The information is subject to change without any prior notice.