CubeSmart (CUBE) PT Raised to $43 at Truist Securities

Truist Securities analyst Ki Bin Kim raised the price target on CubeSmart (NYSE: CUBE) to $43.00 (from $41.00) while maintaining a Buy rating.

The analyst commented: "What’s Incremental to Our View: We are lowering our 2026 NFFO estimate by -0.4% and our 2027 estimate by -0.8%. We are raising our 12-month price target to $43 from $41 on normalizing P/NAV and P/NFFO ratios, as detailed below.

Slightly Raising Price Target: Despite our slightly lower near-term NFFO estimates, we are increasing our 12-month price target to $43ps from $41ps, based on a $40.66 discounted cash flow estimate (one-third weighting), an 8% assumed discount to our 1Q26 NAV estimate (one-third) and 17.0x 2027E FFOps (one-third). CUBE currently trades at a 10% discount to our NAV estimate versus a 9% average discount to consensus NAV over the past five years, and at 16.1x 2026 FFO versus a historical average of 17.3x. Our previous price target was based on a $41.08 DCF, a 13% discount to our 4Q25 NAV estimate and a 15.8x target FFO multiple."

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