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CUBE

CubeSmartNYSE:CUBE Stock Report

Last Price

US$50.01

Market Cap

US$11.3b

7D

-4.0%

1Y

43.7%

Updated

21 Jan, 2022

Data

Company Financials +
CUBE fundamental analysis
Snowflake Score
Valuation2/6
Future Growth1/6
Past Performance5/6
Financial Health1/6
Dividends5/6

CUBE Stock Overview

CubeSmart is a self-administered and self-managed real estate investment trust.

CubeSmart Competitors

Public Storage

NYSE:PSA

US$61.9b

Extra Space Storage

NYSE:EXR

US$27.5b

Life Storage

NYSE:LSI

US$11.0b

National Storage Affiliates Trust

NYSE:NSA

US$7.3b

Price History & Performance

Summary of all time highs, changes and price drops for CubeSmart
Historical stock prices
Current Share PriceUS$50.01
52 Week HighUS$57.34
52 Week LowUS$34.35
Beta0.40
1 Month Change-10.36%
3 Month Change-5.91%
1 Year Change43.75%
3 Year Change71.86%
5 Year Change95.05%
Change since IPO198.92%

Recent News & Updates

Jan 08

CubeSmart: One Of The Best Income Growth Ideas Out There

CubeSmart is a stellar income growth opportunity, and it recently increased its quarterly dividend 26%+ sequentially. A combination of pricing power and strong occupancy rates helped CubeSmart boost its guidance multiple times in 2021. The high end of our fair value estimate range, derived through our discounted free cash flow analysis process, sits at $67 per share of CubeSmart. CubeSmart's shares yield ~3.2% at the time of this writing, and that's mighty attractive in this still-low interest rate environment.

Jan 02
Should You Be Adding CubeSmart (NYSE:CUBE) To Your Watchlist Today?

Should You Be Adding CubeSmart (NYSE:CUBE) To Your Watchlist Today?

Like a puppy chasing its tail, some new investors often chase 'the next big thing', even if that means buying 'story...

Dec 14

CubeSmart: A Smart Play For Both Growth And Dividend

The REIT storage sector outperformed the market last year, and is likely to outperform again next year, due to favorable tailwinds. There are 2 FROGs (REITs with a Fast Rate of Growth) and one near-FROG in the storage sector. CubeSmart (CUBE) is unique among the storage FROGs, in that it offers both double-digit growth and an above-average dividend Yield. This article takes a closer look at the growth and income proposition for CUBE.

Dec 07
Growth Investors: Industry Analysts Just Upgraded Their CubeSmart (NYSE:CUBE) Revenue Forecasts By 10%

Growth Investors: Industry Analysts Just Upgraded Their CubeSmart (NYSE:CUBE) Revenue Forecasts By 10%

Shareholders in CubeSmart ( NYSE:CUBE ) may be thrilled to learn that the analysts have just delivered a major upgrade...

Shareholder Returns

CUBEUS REITsUS Market
7D-4.0%-3.2%-4.6%
1Y43.7%25.7%7.7%

Return vs Industry: CUBE exceeded the US REITs industry which returned 25.7% over the past year.

Return vs Market: CUBE exceeded the US Market which returned 7.7% over the past year.

Price Volatility

Is CUBE's price volatile compared to industry and market?
CUBE volatility
CUBE Average Weekly Movement3.7%
REITs Industry Average Movement4.0%
Market Average Movement6.6%
10% most volatile stocks in US Market15.7%
10% least volatile stocks in US Market2.4%

Stable Share Price: CUBE is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: CUBE's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
20043,111Chris Marrhttps://www.cubesmart.com

CubeSmart is a self-administered and self-managed real estate investment trust. The Company's self-storage properties are designed to offer affordable, easily accessible and secure storage space for residential and commercial customers. According to the 2020 Self-Storage Almanac, CubeSmart is one of the top three owners and operators of self-storage properties in the United States.

CubeSmart Fundamentals Summary

How do CubeSmart's earnings and revenue compare to its market cap?
CUBE fundamental statistics
Market CapUS$11.29b
Earnings (TTM)US$220.46m
Revenue (TTM)US$781.54m

51.2x

P/E Ratio

14.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
CUBE income statement (TTM)
RevenueUS$781.54m
Cost of RevenueUS$227.59m
Gross ProfitUS$553.95m
ExpensesUS$333.49m
EarningsUS$220.46m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.98
Gross Margin70.88%
Net Profit Margin28.21%
Debt/Equity Ratio96.3%

How did CUBE perform over the long term?

See historical performance and comparison

Dividends

3.4%

Current Dividend Yield

68%

Payout Ratio

Valuation

Is CubeSmart undervalued compared to its fair value and its price relative to the market?

35.9%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: CUBE ($50.01) is trading below our estimate of fair value ($78.03)

Significantly Below Fair Value: CUBE is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: CUBE is poor value based on its PE Ratio (51.2x) compared to the US REITs industry average (45.5x).

PE vs Market: CUBE is poor value based on its PE Ratio (51.2x) compared to the US market (16.9x).


Price to Earnings Growth Ratio

PEG Ratio: CUBE is poor value based on its PEG Ratio (8.1x)


Price to Book Ratio

PB vs Industry: CUBE is overvalued based on its PB Ratio (5.9x) compared to the US REITs industry average (2x).


Future Growth

How is CubeSmart forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

6.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CUBE's forecast earnings growth (6.3% per year) is above the savings rate (2%).

Earnings vs Market: CUBE's earnings (6.3% per year) are forecast to grow slower than the US market (13.1% per year).

High Growth Earnings: CUBE's earnings are forecast to grow, but not significantly.

Revenue vs Market: CUBE's revenue (9.2% per year) is forecast to grow slower than the US market (9.3% per year).

High Growth Revenue: CUBE's revenue (9.2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: CUBE's Return on Equity is forecast to be low in 3 years time (9.6%).


Past Performance

How has CubeSmart performed over the past 5 years?

13.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CUBE has high quality earnings.

Growing Profit Margin: CUBE's current net profit margins (28.2%) are higher than last year (24.8%).


Past Earnings Growth Analysis

Earnings Trend: CUBE's earnings have grown by 13.4% per year over the past 5 years.

Accelerating Growth: CUBE's earnings growth over the past year (33.3%) exceeds its 5-year average (13.4% per year).

Earnings vs Industry: CUBE earnings growth over the past year (33.3%) exceeded the REITs industry 29.5%.


Return on Equity

High ROE: CUBE's Return on Equity (9.9%) is considered low.


Financial Health

How is CubeSmart's financial position?


Financial Position Analysis

Short Term Liabilities: CUBE's short term assets ($93.7M) do not cover its short term liabilities ($184.7M).

Long Term Liabilities: CUBE's short term assets ($93.7M) do not cover its long term liabilities ($2.4B).


Debt to Equity History and Analysis

Debt Level: CUBE's net debt to equity ratio (95.4%) is considered high.

Reducing Debt: CUBE's debt to equity ratio has increased from 86% to 96.3% over the past 5 years.

Debt Coverage: CUBE's debt is not well covered by operating cash flow (19.4%).

Interest Coverage: CUBE's interest payments on its debt are well covered by EBIT (3.6x coverage).


Balance Sheet


Dividend

What is CubeSmart current dividend yield, its reliability and sustainability?

3.44%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: CUBE's dividend (3.44%) is higher than the bottom 25% of dividend payers in the US market (1.34%).

High Dividend: CUBE's dividend (3.44%) is low compared to the top 25% of dividend payers in the US market (3.49%).


Stability and Growth of Payments

Stable Dividend: CUBE's dividends per share have been stable in the past 10 years.

Growing Dividend: CUBE's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (67.7%), CUBE's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: CUBE's dividends in 3 years are forecast to be covered by earnings (67.3% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

12.9yrs

Average management tenure


CEO

Chris Marr (56 yo)

13.17yrs

Tenure

US$5,968,975

Compensation

Mr. Christopher P. Marr, also known as Chris, has been the Chief Executive Officer and President at CubeSmart, a real estate company that acquires, owns, operates and develops self-storage facilities in th...


CEO Compensation Analysis

Compensation vs Market: Chris's total compensation ($USD5.97M) is below average for companies of similar size in the US market ($USD11.31M).

Compensation vs Earnings: Chris's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: CUBE's management team is seasoned and experienced (12.9 years average tenure).


Board Members

Experienced Board: CUBE's board of directors are seasoned and experienced ( 10.3 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 14.4%.


Top Shareholders

Company Information

CubeSmart's employee growth, exchange listings and data sources


Key Information

  • Name: CubeSmart
  • Ticker: CUBE
  • Exchange: NYSE
  • Founded: 2004
  • Industry: Specialized REITs
  • Sector: Real Estate
  • Implied Market Cap: US$11.295b
  • Market Cap: US$10.943b
  • Shares outstanding: 225.82m
  • Website: https://www.cubesmart.com

Number of Employees


Location

  • CubeSmart
  • 5 Old Lancaster Road
  • Malvern
  • Pennsylvania
  • 19355
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/21 00:02
End of Day Share Price2022/01/20 00:00
Earnings2021/09/30
Annual Earnings2020/12/31


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.