CubeSmart downgraded to Market Perform from Outperform at Wells Fargo Wells Fargo downgraded CubeSmart to Market Perform citing valuation and keeps a $16.50-$17.50 price target range for shares. The stock closed yesterday up 25c to $16.16.
CubeSmart reports Q4 adjusted FFO 28c, consensus 27c Reports Q4 revenue $100.27M, consensus $98.50M. Reports Q4 same store revenue up 6.6%. Reports Q4 same store NOI up 8.6% YoY. Reports Q4 same-store average occupancy 90.7%.