11:15 AM EDT, 08/04/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We lower our 12-month target by $5 to $41, with a forward P/FFO of 15.3x our 2026 FFO estimate, a discount to self-storage peers' average (16.7x) and above CUBE's 3-year average of 16.0x. We increase our 2025 FFO estimate by $0.02 to $2.59 and increase 2026 forecast by $0.03 to $2.68. While management increased guidance slightly, we note the peak busy season (Q2) showed modest demand improvement as the entire self-storage space continues to deal with excess supply. Urban markets are starting to recover, with Sun Belt markets lagging and failing to absorb new supply as anticipated. Management believes it's on the path for inflation-level growth in rents once vacancies normalize and sees a housing market recovery driving rental growth. We see expense growth accelerating to 2-4% in 2H 2025 based on guidance, with management noting repair and maintenance spending is expected to be heavier in 3Q. CUBE recovery is limited by 5% monthly churn with 18 months needed for recovery to fully hit revenue, in our view.