NYSE:CUBESpecialized REITs
CubeSmart (CUBE) Expands Its Credit Facility, Is The Stock A Bargain?
CubeSmart (CUBE) entered into a Third Amended and Restated Credit Agreement that increases its unsecured revolving credit facility to $1 billion and extends the maturity to 2030, a financing move investors are watching closely.
See our latest analysis for CubeSmart.
The Third Amended and Restated Credit Facility arrives after a period where CubeSmart’s share price return is up 12.34% year to date and 8.87% over 90 days, while its 1 year total shareholder return is slightly down 1.32%. This...