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REITs Offer Yield Amid Recession Fears

2 Aug

Summary

CubeSmart expects positive earnings growth in late 2026.
Second-quarter same-store revenue grew 0.8% year-over-year.
Occupancy increased to 91.1% as of July 30, 2026.

CubeSmart anticipates a significant turnaround in 2026, with President and CEO Chris Marr calling it "a year of inflection" for the self-storage real estate investment trust. Following a stabilization of operating fundamentals in 2025, same-store revenue turned positive early in 2026 and is expected to accelerate through the remainder of the year. This momentum is projected to create a favorable setup for 2027.

Second-quarter results showed a 0.8% year-over-year increase in same-store revenue, up from 0.6% in the first quarter. As of July 30, 2026, physical occupancy stood at 91.1%, a 30 basis point increase from the previous year. Rental volumes in July were 3% higher than the comparable 2025 period, with a corresponding 3% decrease in vacates, indicating improving demand.

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