CubeSmart
Market Cap
US$6.7b
Last Updated
2019/10/20 00:01 UTC
Data Sources
Company Financials +
Executive Summary
CubeSmart is a self-administered and self-managed real estate investment trust.
Snowflake
Fundamentals
Established dividend payer with acceptable track record.
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
Market Performance
7 Day Return
-0.4%
CUBE
1.5%
US REITs
0.4%
US Market
1 Year Return
22.8%
CUBE
19.9%
US REITs
6.9%
US Market
Return vs Industry: CUBE exceeded the US REITs industry which returned 19.9% over the past year.
Return vs Market: CUBE exceeded the US Market which returned 6.9% over the past year.
Shareholder returns
| CUBE | Industry | Market | |
|---|---|---|---|
| 7 Day | -0.4% | 1.5% | 0.4% |
| 30 Day | -3.5% | 1.6% | -1.1% |
| 90 Day | 3.5% | 7.8% | -0.5% |
| 1 Year | 27.8%22.8% | 25.2%19.9% | 9.3%6.9% |
| 3 Year | 52.9%35.1% | 36.0%18.6% | 45.8%36.4% |
| 5 Year | 105.9%72.4% | 64.7%30.0% | 62.9%45.1% |
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
3 days ago | Simply Wall St
Is CubeSmart (NYSE:CUBE) A Great Dividend Stock?3 weeks ago | Simply Wall St
4 Days To Buy CubeSmart (NYSE:CUBE) Before The Ex-Dividend Date1 month ago | Simply Wall St
How Should Investors Feel About CubeSmart's (NYSE:CUBE) CEO Pay?Valuation
Is CubeSmart undervalued compared to its fair value and its price relative to the market?
23.2%
Undervalued compared to fair value
Share Price vs. Fair Value
Undervalued: CUBE ($34.39) is trading below our estimate of fair value ($44.78)
Significantly Undervalued: CUBE is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: CUBE is poor value based on its PE Ratio (36.6x) compared to the REITs industry average (36.2x).
PE vs Market: CUBE is poor value based on its PE Ratio (36.6x) compared to the US market (17.6x).
Price to Earnings Growth Ratio
Low PEG Ratio: CUBE is poor value based on its PEG Ratio (5.5x)
Price to Book Ratio
PB vs Industry: CUBE is overvalued based on its PB Ratio (3.7x) compared to the US REITs industry average (2x).
Next Steps
Future Growth
How is CubeSmart forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
6.6%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: CUBE's forecast earnings growth (6.6% per year) is above the savings rate (2.7%).
Earnings vs Market: CUBE's earnings (6.6% per year) are forecast to grow slower 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 (7% per year) is forecast to grow slower than the US market (7.2% per year).
High Growth Revenue: CUBE's revenue (7% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
High Future ROE: Insufficient data to determine if CUBE's Return on Equity is forecast to be high in 3 years time
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Past Performance
How has CubeSmart performed over the past 5 years?
36.7%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Earnings Trend: CUBE's earnings have grown significantly by 36.7% per year over the past 5 years.
Accelerating Growth: CUBE's earnings growth over the past year (17.6%) is below its 5-year average (36.7% per year).
Earnings vs Industry: CUBE earnings growth over the past year (17.6%) underperformed the REITs industry 17.6%.
Return on Equity
High ROE: CUBE's Return on Equity (9.6%) is considered low.
Return on Assets
ROA vs Industry: CUBE has a higher Return on Assets than the REITs industry average last year.
Return on Capital Employed
ROCE Improving: CUBE has significantly improved its Return on Capital Employed over the past 3 years.
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Financial Health
How is CubeSmart's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Inventory Level: CUBE has a high level of physical assets or inventory.
Debt Coverage by Assets: CUBE's debt is not covered by short term assets (assets are 0x debt).
Financial Institutions Analysis
Asset Level: CUBE's level of assets compared to its equity is low.
Allowance for Bad Loans: Insufficient data to determine if CUBE has a sufficient allowance for bad loans.
Low Risk Liabilities: CUBE reports no customer deposits, loans are made up entirely of externally borrowed funds.
Loan Level: Insufficient data to determine if CUBE has an acceptable proportion of non-loan assets held.
Low Risk Deposits: CUBE has advanced significantly more loans than the customer deposits it holds.
Level of Bad Loans: Insufficient data to determine if CUBE has an appropriate level of bad loans.
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Dividend
What is CubeSmart's current dividend yield, its reliability and sustainability?
3.72%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Stability and Growth of Payments
Notable Dividend: CUBE's dividend (3.72%) is higher than the bottom 25% of dividend payers in the US market (1.45%).
High Dividend: CUBE's dividend (3.72%) is low compared to the top 25% of dividend payers in the US market (3.73%).
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 (73.7%), 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 thoroughly covered by earnings (0.4% payout ratio).
Next Steps
Management
What is the CEO of CubeSmart's salary, the management and board of directors tenure and is there insider trading?
5.8yrs
Average management tenure
CEO
Chris Marr (54yo)
5.8yrs
Tenure
US$4,142,226
Compensation
Mr. Christopher P. Marr, also known as Chris, has been the Chief Executive Officer and President at CubeSmart, a real estate company that acquires, owns, operates and develops self-storage facilities in th ...
CEO Compensation Analysis
Compensation vs. Market: Chris's total compensation ($USD4.14M) is below average for companies of similar size in the US market ($USD6.81M).
Compensation vs Earnings: Chris's compensation has been consistent with company performance over the past year.
Management Age and Tenure
5.8yrs
Average Tenure
48.5yo
Average Age
Experienced Management: CUBE's management team is seasoned and experienced (5.8 years average tenure).
Board Age and Tenure
6.9yrs
Average Tenure
59.5yo
Average Age
Experienced Board: CUBE's board of directors are considered experienced (6.9 years average tenure).
Insider Trading
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Ownership Breakdown
Management Team
Chris Marr (54yo)
CEO, President & Trustee
- Tenure: 5.8yrs
- Compensation: US$4.14m
Tim Martin (48yo)
CFO & Treasurer
- Tenure: 10.9yrs
- Compensation: US$1.74m
Charlie Place
Director
- Tenure: 5.8yrs
Joe Fitzgerald
Vice President of Operations
- Tenure: 18.8yrs
Carey Parsons
Vice President of Operations
- Tenure: 13.1yrs
Jeffrey Foster (49yo)
Senior VP
- Tenure: 10.7yrs
- Compensation: US$1.23m
Joel Keaton (47yo)
Senior Vice President of Operations
- Tenure: 5.8yrs
Daniel Ruble
Vice President of Marketing
- Tenure: 5.7yrs
Guy Middlebrooks
Vice President of Third-Party Management
- Tenure: 5.7yrs
Board Members
Jeff Rogatz (57yo)
- Tenure: 8.8yrs
- Compensation: US$165.02k
Chris Marr (54yo)
CEO, President & Trustee
- Tenure: 5.8yrs
- Compensation: US$4.14m
Deborah Salzberg (65yo)
- Tenure: 6.4yrs
- Compensation: US$173.97k
Jack Remondi (56yo)
- Tenure: 9.9yrs
- Compensation: US$156.47k
Marianne Keler (64yo)
Chairman of the Board
- Tenure: 1.4yrs
- Compensation: US$186.47k
John Fain (66yo)
- Tenure: 7.4yrs
- Compensation: US$176.47k
Dorothy Dowling (62yo)
- Tenure: 2.3yrs
- Compensation: US$157.28k
Piero Bussani (54yo)
- Tenure: 9.7yrs
- Compensation: US$153.97k
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$6.686b
- Market Cap: US$6.618b
- Shares outstanding: 194.32m
- Website: https://www.cubesmart.com
Number of Employees
Location
- CubeSmart
- 5 Old Lancaster Road
- Malvern
- Pennsylvania
- 19355
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| CUBE | NYSE (New York Stock Exchange) | Yes | Common Shares | US | USD | Oct 2004 |
| UK8 | DB (Deutsche Boerse AG) | Yes | Common Shares | DE | EUR | Oct 2004 |
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 | 2019/10/20 00:01 |
| End of Day Share Price | 2019/10/18 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2018/12/31 |
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.