RTTNews | Jan 3, 2022 12:50PM EST

12:50 Monday, January 3, 2022 (RTTNews.com) - Pennsylvania-based real estate company, CubeSmart (CUBE), is trading 4% lower on the opening day of the new year despite the company not posting any corporate-related reports to affect the shares.

The company owns, sells, and rents properties throughout the United States. The stock of the company has been climbing throughout 2021, rising almost 70% in the process.

Currently, the stock is trading at $54.64, down $2.27 or 3.99% since the previous close at $56.91. In the morning, the stock opened at $57.00. The shares have ranged between $31.44 and $57.34 in the 52-week period.

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