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CubeSmart DB:UK8 Stock Report

Last Price

€40.85

Market Cap

€9.3b

7D

-6.9%

1Y

-2.3%

Updated

22 Dec, 2024

Data

Company Financials +

CubeSmart

DB:UK8 Stock Report

Market Cap: €9.3b

UK8 Stock Overview

CubeSmart (the “Parent Company”) operates as a self-managed and self-administered real estate investment trust (“REIT”) with its operations conducted solely through CubeSmart, L.P. More details

UK8 fundamental analysis
Snowflake Score
Valuation4/6
Future Growth1/6
Past Performance4/6
Financial Health2/6
Dividends5/6

Rewards

Trading at 49% below our estimate of its fair value

Earnings are forecast to grow 1.94% per year

Earnings grew by 5.8% over the past year

Pays a reliable dividend of 4.78%

Analysts in good agreement that stock price will rise by 20.6%

Risk Analysis

Has a high level of debt


My Notes

Capture your thoughts, links and company narrative

CubeSmart Competitors

National Storage Affiliates Trust

NYSE:NSA

US$4.9b

Shurgard Self Storage

ENXTBR:SHUR

€3.5b

Hamborner REIT

XTRA:HABA

€510.8m

Big Yellow Group

LSE:BYG

UK£1.9b

Price History & Performance

Summary of share price highs, lows and changes for CubeSmart
Historical stock prices
Current Share PriceUS$40.85
52 Week HighUS$49.20
52 Week LowUS$36.66
Beta0.86
1 Month Change-12.94%
3 Month Change-15.93%
1 Year Change-2.27%
3 Year Change-16.97%
5 Year Change45.89%
Change since IPO211.83%

Recent News & Updates

Recent updates

Shareholder Returns

UK8DE Specialized REITsDE Market
7D-6.9%0%0%
1Y-2.3%0%0%

Return vs Industry: UK8 matched the German Specialized REITs industry which returned -2.4% over the past year.

Return vs Market: UK8 underperformed the German Market which returned 6.9% over the past year.

Price Volatility

Is UK8's price volatile compared to industry and market?
UK8 volatility
UK8 Average Weekly Movement2.9%
Specialized REITs Industry Average Movement0%
Market Average Movement0%
10% most volatile stocks in DE Market0%
10% least volatile stocks in DE Market0%

Stable Share Price: UK8 has not had significant price volatility in the past 3 months compared to the German market.

Volatility Over Time: UK8's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
20043,040Chris Marrwww.cubesmart.com

CubeSmart (the “Parent Company”) operates as a self-managed and self-administered real estate investment trust (“REIT”) with its operations conducted solely through CubeSmart, L.P. and its subsidiaries. CubeSmart, L.P., a Delaware limited partnership (the “Operating Partnership”), operates through an umbrella partnership structure, with the Parent Company, a Maryland REIT, as its sole general partner. As of March 31, 2024, the Company owned (or partially owned and consolidated) self-storage properties located in the District of Columbia and 24 states throughout the United States, which are presented under one reportable segment: the Company owns, operates, develops, manages and acquires self-storage properties..

CubeSmart Fundamentals Summary

How do CubeSmart's earnings and revenue compare to its market cap?
UK8 fundamental statistics
Market cap€9.30b
Earnings (TTM)€385.23m
Revenue (TTM)€1.02b

24.0x

P/E Ratio

9.0x

P/S Ratio

Is UK8 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
UK8 income statement (TTM)
RevenueUS$1.07b
Cost of RevenueUS$288.79m
Gross ProfitUS$778.13m
Other ExpensesUS$376.18m
EarningsUS$401.96m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)1.78
Gross Margin72.93%
Net Profit Margin37.67%
Debt/Equity Ratio100.1%

How did UK8 perform over the long term?

See historical performance and comparison

Dividends

4.8%

Current Dividend Yield

75%

Payout Ratio

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/22 19:37
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

CubeSmart is covered by 31 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Richard MilliganBaird
Brendan LynchBarclays
Keegan CarlBerenberg