FBR - CubeSmart (CUBE - $28.16*) Outperform Preferred Share Redemption Should Round Out Capital Transactions for 2016
In the past few weeks, CUBE has announced a few major capital transactions, including the pending redemption of $77.5 million of preferred equity and the recently completed $300 million bond offering. The preferred redemption should round out the company's capital transactions for 2016, exclusive of any ATM sales.