| Snowflake Score | |
|---|---|
| Valuation | 2/6 |
| Future Growth | 1/6 |
| Past Performance | 5/6 |
| Financial Health | 1/6 |
| Dividends | 5/6 |
CUBE Stock Overview
CubeSmart is a self-administered and self-managed real estate investment trust.
CubeSmart Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$50.01 |
| 52 Week High | US$57.34 |
| 52 Week Low | US$34.35 |
| Beta | 0.40 |
| 1 Month Change | -10.36% |
| 3 Month Change | -5.91% |
| 1 Year Change | 43.75% |
| 3 Year Change | 71.86% |
| 5 Year Change | 95.05% |
| Change since IPO | 198.92% |
Recent News & Updates
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.
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...
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.
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
| CUBE | US REITs | US Market | |
|---|---|---|---|
| 7D | -4.0% | -3.2% | -4.6% |
| 1Y | 43.7% | 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
| CUBE volatility | |
|---|---|
| CUBE Average Weekly Movement | 3.7% |
| REITs Industry Average Movement | 4.0% |
| Market Average Movement | 6.6% |
| 10% most volatile stocks in US Market | 15.7% |
| 10% least volatile stocks in US Market | 2.4% |
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
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2004 | 3,111 | Chris Marr | https://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
| CUBE fundamental statistics | |
|---|---|
| Market Cap | US$11.29b |
| Earnings (TTM) | US$220.46m |
| Revenue (TTM) | US$781.54m |
51.2x
P/E Ratio14.4x
P/S RatioIs CUBE overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| CUBE income statement (TTM) | |
|---|---|
| Revenue | US$781.54m |
| Cost of Revenue | US$227.59m |
| Gross Profit | US$553.95m |
| Expenses | US$333.49m |
| Earnings | US$220.46m |
Last Reported Earnings
Sep 30, 2021
Next Earnings Date
n/a
| Earnings per share (EPS) | 0.98 |
| Gross Margin | 70.88% |
| Net Profit Margin | 28.21% |
| Debt/Equity Ratio | 96.3% |
How did CUBE perform over the long term?
See historical performance and comparisonDividends
3.4%
Current Dividend Yield68%
Payout RatioValuation
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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/01/21 00:02 |
| End of Day Share Price | 2022/01/20 00:00 |
| Earnings | 2021/09/30 |
| Annual Earnings | 2020/12/31 |
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.