Research Alert: CFRA Keeps Hold Opinion On Shares Of Cubesmart
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CFRA has maintained a Hold opinion on CubeSmart shares, lowering the 12-month target price by $2 to $42. The forward P/FFO is set at 16.3x based on a 2026 FFO estimate of $2.59. Positive same-store revenue and fewer vacates contributed to performance, but challenges are expected in 2H 2026 with a projected 2%-3% decline in same-store NOI. Management favors stock repurchases over acquisitions, citing a premium in private market properties. The NYC metro area is seen as crucial for potential FFO growth in late 2026 and 2027.
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