CUBE

CubeSmart Remains Rock-Solid

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Image Shown: An overview of CubeSmart’s core geographical focus. We continue to like CubeSmart as a holding in our High Yield Dividend Newsletter portfolio. Image Source: CubeSmart – September 2020 IR Presentation By Callum Turcan One of our favorite industries as it relates to locating high-quality high-yielding companies with promising dividend growth runways is the self-storage real estate investment trust (‘REIT’) space, particularly companies with operations primarily (if not entirely) in the US. Within this industry, CubeSmart (CUBE) is one of our favorites and remains a holding in our High Yield Dividend Newsletter portfolio. Shares of CUBE yield ~4.0% as of this writing. The self-storage REIT continued to make good on its dividend obligations during the initial stages of the … Read more

CubeSmart’s Financial Flexibility Will Come In Handy

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Image Source: CubeSmart – March 2020 Investor Presentation By Callum Turcan On May 7, High Yield Dividend Newsletter portfolio holding CubeSmart (CUBE)–5.0% yield–reported first-quarter 2020 earnings. The company pulled its full-year guidance for 2020 given the uncertainties caused by the ongoing coronavirus (‘COVID-19’) pandemic. We appreciate that the self-storage real estate investment trust (‘REIT’) remained comfortably free cash flow positive last quarter, which is one of the reasons why we like CubeSmart as a high yielding play in the REIT world. Quarterly Update As you can see in the upcoming graphic down below, one of the biggest operating expenses CubeSmart (and the self-storage REIT space at-large) faces is property taxes. Rising property values in major metropolitan areas in particular pushes … Read more

Public Storage Currently Has the Financial Strength to Support Its Payout

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Image Source: Public Storage – 2019 Annual Report By Callum Turcan High Yield Dividend Newsletter portfolio holding Public Storage (PSA) reported its first quarter results for 2020 on May 1. The self-storage real estate investment trust’s (‘REIT’) core funds from operations (‘FFO’) per share grew by 2% year-over-year last quarter, hitting $2.58 per share, while its occupancy rate (as measured by its rentable square feet) grew by ~60 basis points year-over-year, reaching 93.1%. Public Storage was also able to push through marginal same-store rent increases, though rising operating costs (particularly property taxes, payroll expenses, and marketing expenses) chipped away at its margins last quarter. As of this writing, shares of PSA yield ~4.4%. Public Storage owns and operates self-storage facilities … Read more

Self-Storage Industry Faces a Rocky 2020, But Long-Term Outlook Remains Bright

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Image Source: CubeSmart – November 2019 IR Presentation By Callum Turcan With housing costs rising aggressively in “Tier 1” and “Tier 2” cities across the East and West coasts in the US, that has created an immense need from households for additional storage space but at a much lower cost than simply buying a larger home, apartment, or condo. This has created a major secular growth trend that we’ve highlighted repeatedly in our High Yield Dividend Newsletter (‘HYDN’) by including shares of CubeSmart (CUBE) and Public Storage (PSA) in our HYDN portfolio, both of which are self-storage focused real estate investment trusts (‘REITs’). Click here for more information on our HYDN. Both self-storage REITs have steadily grown their already sizable … Read more

Dividend Increases/Decreases for the Week Ending December 14

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Below we provide a list of firms that raised their dividends during the week ending December 14. The dividend reports of covered firms on this list will be updated shortly with the new information. To access our dividend reports use the ‘Symbol’ search box in our website header. Firms Raising Their Dividends This Week AES (AES): now $0.1365 per share quarterly dividend, was $0.13. Albany (AIN): now $0.18 per share quarterly dividend, was $0.17. AT&T (T): now $0.51 per share quarterly dividend, was $0.50. Balchem (BCPC): now $0.47 per share quarterly dividend, was $0.42. C.H. Robinson Worldwide (CHRW): now $0.50 per share quarterly dividend, was $0.46. CenterPoint (CNP): now $0.2875 per share quarterly dividend, was $0.2775. CNB Community Bancorp (CNBB): … Read more

Podcast: REITs, Interest Rates and Beyond!

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The Valuentum analyst team talks REITs and the reasons why REIT investors should pay close attention to changes in Treasury rates. Various secular themes across the data center, healthcare, office, and mall REITs are discussed, and an explanation for the sector’s systematically poor raw, unadjusted Dividend Cushion ratios is covered. ~8 mins. Tickerized for various ETFs and the holdings in the VNQ. Brian Nelson, CFA: In September, REITs were officially broken out from the financial sector to their own sector of the S&P 500 — some 30 or so stocks with $600 billion in market capitalization, or about 3% of the S&P 500. Could this change have marked a peak in performance for equity and mortgage REIT stocks? Are investors … Read more

Dividend Increases/Decreases for the Week Ending December 11

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Below we provide a list of firms that raised/lowered their dividends during the week ending December 11. The dividend reports of covered firms on this list will be updated shortly with the new information. To access our dividend reports use the ‘Symbol’ search box in our website header. Firms Raising Their Dividends This Week Abbot Labs (ABT): now $0.26 per share quarterly dividend, was $0.24. Avago Technologies (AVGO): now $0.44 per share quarterly dividend, was $0.42. Bristol-Myers Squibb Company (BMY): now $0.38 per share quarterly dividend, was $0.37. Buckle (BKE): now $0.25 per share quarterly dividend, was $0.23. Capella Education (CPLA): now $0.39 per share quarterly dividend, was $0.37. Croghan Bancshares, Inc. (CHBH): now $0.35 per share quarterly dividend, was … Read more

Dividend Increases for the Week Ending December 19

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Below we provide a list of firms that raised their dividends during the week ending December 19. The dividend reports of covered firms on this list will be updated shortly with the new information. To access our dividend reports use the ‘Symbol’ search box in our website header. Firms Raising Their Dividends This Week 3M (MMM): now $1.025 per share quarterly dividend, was $0.855. AES (AES): now $0.10 per share quarterly dividend, was $0.05. Amgen (AMGN): now $0.79 per share quarterly dividend, was $0.61. Andersons (ANDE): now $0.14 per share quarterly dividend, was $0.11. Apollo Residential Mortgage (AMTG): now $0.45 per share quarterly dividend, was $0.44. AT&T (T): now $0.47 per share quarterly dividend, was $0.46. Balchem (BCPC): now $0.30 … Read more

Dividend Increases/Decreases for the Week November 5

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Below we provide a list of firms that raised their dividends during the week ending November 5. The dividend reports of covered firms on this list will be updated shortly with the new information. To access our dividend reports use the ‘Symbol’ search box in our website header. Firms Raising Their Dividends This Week AdvanSix (ASIX): now $0.125 per share quarterly dividend. Air Lease (AL): now $0.185 per share quarterly dividend, was $0.160. American Financial (AFG): now $4.00 per share special dividend, was $0.56. America Movil (AMX): now $0.197 per share dividend, was $0.177. AmerisourceBergen (ABC): now $0.46 per share quarterly dividend, was $0.44. APA (APA): now $0.125 per share quarterly dividend, was $0.0625. Arc Resources (AETUF): now CAD 0.10 … Read more