RBC Capital on Storage REITs 2026: 'Our Top Idea for 2026 is CubeSmart (CUBE)'

RBC Capital analyst Brad Heffern reiterated an Outperform rating and $46.00 price target on CubeSmart (NYSE: CUBE).

The analyst commented: "Our top idea for 2026 is CUBE. Against a backdrop of continued limited housing mobility, we like CUBE's urban footprint. This is particularly true for NYC, which we continue to see as having among the best supply/demand dynamics in the U.S. In a recovery, we also view CUBE's lower occupancy and less frequent use of ECRIs as beneficial. We like CUBE's smaller scale, which makes 3PM wins and/or acquisitions more meaningful compared to EXR/PSA. We also view CUBE's ~2x discount to peers on core FFO/sh as being attractive."

For an analyst ratings summary and ratings history on CubeSmart click here. For more ratings news on CubeSmart click here.

Shares of CubeSmart closed at $36.63 yesterday.

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