CubeSmart
Market Cap
US$8.8b
Last Updated
2021/05/17 23:23 UTC
Data Sources
Company Financials +
Executive Summary
CubeSmart is a self-administered and self-managed real estate investment trust. More Details
Rewards
Risk Analysis
Snowflake Analysis
Established dividend payer and slightly overvalued.
Similar Companies
Share Price & News
How has CubeSmart's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: CUBE is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: CUBE's weekly volatility (3%) has been stable over the past year.
Market Performance
7 Day Return
-0.6%
CUBE
-1.3%
US REITs
-0.6%
US Market
1 Year Return
70.0%
CUBE
34.1%
US REITs
46.0%
US Market
Return vs Industry: CUBE exceeded the US REITs industry which returned 41.1% over the past year.
Return vs Market: CUBE exceeded the US Market which returned 50.8% over the past year.
Shareholder returns
| CUBE | Industry | Market | |
|---|---|---|---|
| 7 Day | -0.6% | -1.3% | -0.6% |
| 30 Day | 4.4% | 1.1% | -1.8% |
| 90 Day | 18.6% | 9.4% | 0.2% |
| 1 Year | 77.3%70.0% | 39.6%34.1% | 48.4%46.0% |
| 3 Year | 60.8%42.0% | 43.8%26.5% | 60.5%50.4% |
| 5 Year | 67.2%36.6% | 54.0%23.1% | 125.9%100.9% |
Long-Term Price Volatility Vs. Market
How volatile is CubeSmart's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
CubeSmart's (NYSE:CUBE) CEO Compensation Looks Acceptable To Us And Here's Why1 month ago | Simply Wall St
Can CubeSmart (NYSE:CUBE) Maintain Its Strong Returns?2 months ago | Simply Wall St
Can You Imagine How CubeSmart's (NYSE:CUBE) Shareholders Feel About The 35% Share Price Increase?Valuation
Is CubeSmart undervalued compared to its fair value and its price relative to the market?
22.4%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: CUBE ($42.41) is trading below our estimate of fair value ($54.66)
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 (48.9x) compared to the US REITs industry average (43.6x).
PE vs Market: CUBE is poor value based on its PE Ratio (48.9x) compared to the US market (19.8x).
Price to Earnings Growth Ratio
PEG Ratio: CUBE is poor value based on its PEG Ratio (3.2x)
Price to Book Ratio
PB vs Industry: CUBE is overvalued based on its PB Ratio (4.5x) compared to the US REITs industry average (1.8x).
Future Growth
How is CubeSmart forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
15.4%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: CUBE's forecast earnings growth (15.4% per year) is above the savings rate (2%).
Earnings vs Market: CUBE's earnings (15.4% per year) are forecast to grow faster than the US market (14.6% per year).
High Growth Earnings: CUBE's earnings are forecast to grow, but not significantly.
Revenue vs Market: CUBE's revenue (5.7% per year) is forecast to grow slower than the US market (9% per year).
High Growth Revenue: CUBE's revenue (5.7% 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 (9.4%).
Past Performance
How has CubeSmart performed over the past 5 years?
14.9%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CUBE has high quality earnings.
Growing Profit Margin: CUBE's current net profit margins (24.1%) are lower than last year (26.2%).
Past Earnings Growth Analysis
Earnings Trend: CUBE's earnings have grown by 14.9% per year over the past 5 years.
Accelerating Growth: CUBE's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: CUBE had negative earnings growth (-1.2%) over the past year, making it difficult to compare to the REITs industry average (-10.5%).
Return on Equity
High ROE: CUBE's Return on Equity (8%) is considered low.
Financial Health
How is CubeSmart's financial position?
Financial Position Analysis
Short Term Liabilities: CUBE's short term assets ($33.3M) do not cover its short term liabilities ($173.3M).
Long Term Liabilities: CUBE's short term assets ($33.3M) do not cover its long term liabilities ($2.4B).
Debt to Equity History and Analysis
Debt Level: CUBE's debt to equity ratio (104.2%) is considered high.
Reducing Debt: CUBE's debt to equity ratio has increased from 74.2% to 104.2% over the past 5 years.
Debt Coverage: CUBE's debt is not well covered by operating cash flow (16.3%).
Interest Coverage: CUBE's interest payments on its debt are well covered by EBIT (3.3x coverage).
Balance Sheet
Dividend
What is CubeSmart current dividend yield, its reliability and sustainability?
3.21%
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: CUBE's dividend (3.21%) is higher than the bottom 25% of dividend payers in the US market (1.24%).
High Dividend: CUBE's dividend (3.21%) is low compared to the top 25% of dividend payers in the US market (3.42%).
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: At its current payout ratio (76.6%), CUBE's 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 (71% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
7.3yrs
Average management tenure
CEO
Chris Marr (55 yo)
7.33yrs
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 about average for companies of similar size in the US market ($USD6.51M).
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 (7.3 years average tenure).
Board Members
Experienced Board: CUBE's board of directors are considered experienced (8.5 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.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 6.8%.
Top Shareholders
Company Information
CubeSmart's company bio, 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$8.784b
- Market Cap: US$8.474b
- Shares outstanding: 208.88m
- Website: https://www.cubesmart.com
Number of Employees
Location
- CubeSmart
- 5 Old Lancaster Road
- Malvern
- Pennsylvania
- 19355
- United States
Listings
Biography
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 reside...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/05/17 23:23 |
| End of Day Share Price | 2021/05/17 00:00 |
| Earnings | 2021/03/31 |
| 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.