CubeSmart is a self-administered and self-managed real estate investment trust. More Details
Established dividend payer and slightly overvalued.
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.
7 Day Return
1 Year Return
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.
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 StCubeSmart's (NYSE:CUBE) CEO Compensation Looks Acceptable To Us And Here's Why
1 month ago | Simply Wall StCan CubeSmart (NYSE:CUBE) Maintain Its Strong Returns?
2 months ago | Simply Wall StCan You Imagine How CubeSmart's (NYSE:CUBE) Shareholders Feel About The 35% Share Price Increase?
Is CubeSmart undervalued compared to its fair value and its price relative to the market?
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).
How is CubeSmart forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
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%).
How has CubeSmart performed over the past 5 years?
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.
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 ($2.4B).
Debt to Equity History and Analysis
Debt Level: CUBE's debt to equity ratio (104.2%) is considered high.
Reducing Debt: CUBE's debt to equity ratio has increased from 74.2% to 104.2% over the past 5 years.
Debt Coverage: CUBE's debt is not well covered by operating cash flow (16.3%).
Interest Coverage: CUBE's interest payments on its debt are well covered by EBIT (3.3x coverage).
What is CubeSmart current dividend yield, its reliability and sustainability?
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: CUBE's dividend (3.21%) is higher than the bottom 25% of dividend payers in the US market (1.24%).
High Dividend: CUBE's dividend (3.21%) is low compared to the top 25% of dividend payers in the US market (3.42%).
Stability and Growth of Payments
Stable Dividend: CUBE's dividends per share have been stable in the past 10 years.
Growing Dividend: CUBE's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: At its current payout ratio (76.6%), CUBE's payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: CUBE's dividends in 3 years are forecast to be covered by earnings (71% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Chris Marr (55 yo)
Mr. Christopher P. Marr, also known as Chris, has been the Chief Executive Officer and President at CubeSmart, a real estate company that acquires, owns, operates and develops self-storage facilities in th...
CEO Compensation Analysis
Compensation vs Market: Chris's total compensation ($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.
Experienced Management: CUBE's management team is seasoned and experienced (7.3 years average tenure).
Experienced Board: CUBE's board of directors are considered experienced (8.5 years average tenure).
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
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 6.8%.
CubeSmart's company bio, employee growth, exchange listings and data sources
- 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
- 5 Old Lancaster Road
- United States
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
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|Company Analysis||2021/05/17 23:23|
|End of Day Share Price||2021/05/17 00:00|
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.