CubeSmart

CUBE: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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CubeSmart Posts Third-Quarter Earnings

Jason Ren

Nov 9, 2011

After reviewing the third-quarter earnings release from CubeSmart, CUBE, formerly known as U-Store-It, we're bumping up our fair value estimate for the self-storage operator and landlord to $10 per share from $9 to account for its acquisition of Storage Deluxe's New York City properties and the time value of money since our last update. Storage Deluxe will tack on 22 properties to CubeSmart and make CubeSmart the largest owner of facilities in the city. Concurrently, the company raised equity and debt capital to facilitate the purchase.

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CubeSmart

CubeSmart Posts Third-Quarter Earnings

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