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Why I Like CubeSmart (NYSE:CUBE)

Simply Wall St

Attractive stocks have exceptional fundamentals. In the case of CubeSmart (NYSE:CUBE), there's is a well-regarded dividend-paying company with a strong history of delivering benchmark-beating performance. In the following section, I expand a bit more on these key aspects. For those interested in digging a bit deeper into my commentary, read the full report on CubeSmart here.

6 star dividend payer with proven track record

CUBE has a strong track record of performance. In the previous year, CUBE delivered an impressive double-digit return of 6.2% Not surprisingly, CUBE outperformed its industry which returned 4.3%, giving us more conviction of the company's capacity to drive bottom-line growth going forward.

NYSE:CUBE Income Statement, September 15th 2019

Income investors would also be happy to know that CUBE is one of the highest dividend payers in the market, with current dividend yield standing at 3.7%. CUBE has also been regularly increasing its dividend payments to shareholders over the past decade.

NYSE:CUBE Historical Dividend Yield, September 15th 2019

Next Steps:

For CubeSmart, I've compiled three pertinent aspects you should look at:

  1. Future Outlook: What are well-informed industry analysts predicting for CUBE’s future growth? Take a look at our free research report of analyst consensus for CUBE’s outlook.
  2. Financial Health: Are CUBE’s operations financially sustainable? Balance sheets can be hard to analyze, which is why we’ve done it for you. Check out our financial health checks here.
  3. Other Attractive Alternatives : Are there other well-rounded stocks you could be holding instead of CUBE? Explore our interactive list of stocks with large potential to get an idea of what else is out there you may be missing!

We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.

If you spot an error that warrants correction, please contact the editor at editorial-team@simplywallst.com. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned. Thank you for reading.