CubeSmart Balance Sheet Health
Financial Health criteria checks 2/6
CubeSmart has a total shareholder equity of $2.9B and total debt of $2.9B, which brings its debt-to-equity ratio to 100.1%. Its total assets and total liabilities are $6.2B and $3.3B respectively. CubeSmart's EBIT is $491.6M making its interest coverage ratio 5.2. It has cash and short-term investments of $43.5M.
Key information
100.1%
Debt to equity ratio
US$2.87b
Debt
| Interest coverage ratio | 5.2x |
| Cash | US$43.51m |
| Equity | US$2.87b |
| Total liabilities | US$3.32b |
| Total assets | US$6.19b |
Recent financial health updates
No updates
Recent updates
CubeSmart: Buy For Dividend Growth From Self Storage
Dec 17CubeSmart: One Of The Most Boring Business Models Delivers The Most Consistent Returns
Jul 22CubeSmart: Rising Costs And Declining Occupancy Are A Drain On FFO
May 02CubeSmart: Why Its Best Days Could Be Over
Mar 09CubeSmart: A Wise Dividend Buy With Promising Potential
Feb 19CubeSmart: Strong Dividend Growth & Trading At A Discount
Dec 06CubeSmart: Fairly Valued With Potential Growth
Oct 02CubeSmart's 5% Yield Is A Good Buy On Weakness
Sep 06CubeSmart: Self-Storage Demand Normalizes, But Remains Attractive
Jul 13CubeSmart declares $0.49 dividend
Feb 22CubeSmart Vs. Life Storage: Why LSI Is A Better Buy In 2023
Feb 01CubeSmart ticks lower amid Hedgeye short idea
Jan 10CubeSmart: The Newest Addition To My Roth IRA
Dec 14CubeSmart raises quarterly dividend by 14% to $0.49 /share
Dec 07CubeSmart: Dividend Increases May Be In Store For This Fast Grower
Sep 25CubeSmart declares $0.43 dividend
Jul 26CubeSmart: Potentially Overvalued Amidst Sector Hype
Jul 18CubeSmart: A Smart Pick With Pricing Power
May 19CubeSmart: A High Yield Opportunity You'll Like
Mar 21CubeSmart: One Of The Best Income Growth Ideas Out There
Jan 08CubeSmart: A Smart Play For Both Growth And Dividend
Dec 14Financial Position Analysis
Short Term Liabilities: CUBE's short term assets ($97.4M) do not cover its short term liabilities ($340.2M).
Long Term Liabilities: CUBE's short term assets ($97.4M) do not cover its long term liabilities ($3.0B).
Debt to Equity History and Analysis
Debt Level: CUBE's net debt to equity ratio (98.5%) is considered high.
Reducing Debt: CUBE's debt to equity ratio has increased from 96.7% to 100.1% over the past 5 years.
Debt Coverage: CUBE's debt is well covered by operating cash flow (21.2%).
Interest Coverage: CUBE's interest payments on its debt are well covered by EBIT (5.2x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/02 06:42 |
| End of Day Share Price | 2025/01/02 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
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.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
CubeSmart is covered by 31 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Richard Milligan | Baird |
| Brendan Lynch | Barclays |
| Keegan Carl | Berenberg |