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CubeSmart downgraded to Sector Weight from Overweight at KeyBanc

KeyBanc downgraded CubeSmart (CUBE) to Sector Weight from Overweight without a price target While the company raised guidance for the third straight quarter and New York City “provided significant support,” its fundamentals remain challenged and the 2026 growth outlook appears less favorable, the analyst tells investors in a research note. The firm believes CubeSmart’s “favorable” spending in 2025 may create a difficult comp in 2026, creating a headwind to net operating income growth. As such, KeyBanc expects the shares to perform in line with the sector.

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