Dividends4Life: Wait For A Drop Before Buying This 3.7%-Yielding, Fast-Growing Storage REIT

This company is a fast-growing REIT in the storage sector. The storage REIT has enjoyed very strong A/FFO and dividend growth in recent years. It has a strong, investment-grade rated balance sheet. The dividend is covered with A/FFO, but company's valuation is very rich. An investment in the stock yields 3.7 percent.

CubeSmart (CUBE) is a fast-growing REIT in the self-storage sector. The real estate investment trust has seen strong A/FFO growth in recent years, thanks to the company's aggressive stance on acquisitions. In lockstep with rising cash flow, CubeSmart has grown its dividend at a fast clip, too. However, CubeSmart's valuation today is very rich, which in turn exposes investors to considerable downside risks. An investment in CUBE comes with an entry yield of 3.7 percent.

Source: Seeking Alpha

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