12 Best Warehouse and Self-Storage Stocks to Buy Now

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9. CubeSmart (NYSE:CUBE)

Number of Hedge Fund Holders: 26

CubeSmart (NYSE:CUBE) is a real estate investment trust (REIT) that invests in self-storage properties in the United States. With over 1,200 storage properties, it is one of the largest owners and operators of self-storage properties in the US. The company provides affordable and accessible storage space for commercial and residential customers.

The company remains disciplined in its capital allocation while actively seeking opportunities that align with its investment strategy. CubeSmart (NYSE:CUBE) continues to experience positive trends and remains a third-party manager of choice. During the first nine months of 2024, the company added 131 stores to its third-party management platform. 2024 marks the 8th straight year of adding 130 or more stores annually to the company’s portfolio.

Additionally, CubeSmart (NYSE:CUBE) has agreements in place for the construction and development of self-storage properties in high-barrier-to-entry locations. By the end of the third quarter of 2024, the company had two joint venture development properties under construction in New York. The company expects to invest a total of $36.9 million related to these projects, which are expected to open during the third quarter of 2025.

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