Andrew Moffs CubeSmart CUBE-N DON'T BUY Mar 27, 2024

Consolidator of storage facilities. Management team has done an excellent job of bringing storage space into the 20^th century. A buy today. 2.5% dividend. Sees 50% increase in dividend and 20% increase in stock price.

(Top Pick May 6/13, Up 2.36%) It has been volatile but growth prospects look good. 15-20%. Public storage market is very fragmented. Thinks CUBE will be astute acquirers.

Very good operators. They have made acquisitions over the last 5 years and the stock price shows they are good at integrating them in. The price is not too rich here.

(Top Pick Jan 29/15, Up 27.91%) They are consolidating the space. PSA is the big guy and there is not much growth there.

He spoke to them recently. A big operator of self-storage in the U.S. Likes management and this industry. This sector boomed during Covid, but now there's decelerating revenue growth (still positive), but why? Because of seasonality or the weaker economy? Self-storage resists recessions. Trades at a discount to NAV.