NYSE:CUBESpecialized REITs
CubeSmart JV With CBRE IM Tests Growth Prospects And Valuation Gap
CubeSmart (NYSE:CUBE) has entered a $250 million joint venture with CBRE Investment Management.
The partnership is focused on expanding CubeSmart's presence in high growth self storage markets.
The new venture comes as the self storage market shows signs of recovery and renewed investor interest.
For investors watching NYSE:CUBE at a share price of $39.66, this move adds a fresh layer to the story. The stock is up 12.0% year to date and has returned 34.6% over 5 years, while 1 year and 3...