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 101.5%. Its total assets and total liabilities are $6.2B and $3.3B respectively. CubeSmart's EBIT is $501.9M making its interest coverage ratio 5.2. It has cash and short-term investments of $6.5M.

Key information

101.5%

Debt to equity ratio

US$2.92b

Debt

Interest coverage ratio5.2x
CashUS$6.53m
EquityUS$2.88b
Total liabilitiesUS$3.34b
Total assetsUS$6.23b

Recent financial health updates

No updates

Recent updates

CubeSmart: Why Its Best Days Could Be Over

Mar 09

CubeSmart: A Wise Dividend Buy With Promising Potential

Feb 19

CubeSmart: Strong Dividend Growth & Trading At A Discount

Dec 06

CubeSmart: Fairly Valued With Potential Growth

Oct 02

CubeSmart's 5% Yield Is A Good Buy On Weakness

Sep 06

CubeSmart: Self-Storage Demand Normalizes, But Remains Attractive

Jul 13

CubeSmart declares $0.49 dividend

Feb 22

CubeSmart Vs. Life Storage: Why LSI Is A Better Buy In 2023

Feb 01

CubeSmart ticks lower amid Hedgeye short idea

Jan 10

CubeSmart: The Newest Addition To My Roth IRA

Dec 14

CubeSmart raises quarterly dividend by 14% to $0.49 /share

Dec 07

CubeSmart: Dividend Increases May Be In Store For This Fast Grower

Sep 25

CubeSmart declares $0.43 dividend

Jul 26

Here's Why We Think CubeSmart (NYSE:CUBE) Is Well Worth Watching

Jul 22
Here's Why We Think CubeSmart (NYSE:CUBE) Is Well Worth Watching

CubeSmart: Potentially Overvalued Amidst Sector Hype

Jul 18

CubeSmart: A Smart Pick With Pricing Power

May 19

Is Now The Time To Put CubeSmart (NYSE:CUBE) On Your Watchlist?

Apr 08
Is Now The Time To Put CubeSmart (NYSE:CUBE) On Your Watchlist?

CubeSmart: A High Yield Opportunity You'll Like

Mar 21

CubeSmart: One Of The Best Income Growth Ideas Out There

Jan 08

Should You Be Adding CubeSmart (NYSE:CUBE) To Your Watchlist Today?

Jan 02
Should You Be Adding CubeSmart (NYSE:CUBE) To Your Watchlist Today?

CubeSmart: A Smart Play For Both Growth And Dividend

Dec 14

Growth Investors: Industry Analysts Just Upgraded Their CubeSmart (NYSE:CUBE) Revenue Forecasts By 10%

Dec 07
Growth Investors: Industry Analysts Just Upgraded Their CubeSmart (NYSE:CUBE) Revenue Forecasts By 10%

CubeSmart Is A Terrific REIT

Oct 01

CubeSmart: Shares Look Fairly Valued

Aug 26

With EPS Growth And More, CubeSmart (NYSE:CUBE) Is Interesting

Aug 11
With EPS Growth And More, CubeSmart (NYSE:CUBE) Is Interesting

CubeSmart: A Quality Firm At A Fair Price

Jun 08

CubeSmart's (NYSE:CUBE) CEO Compensation Looks Acceptable To Us And Here's Why

May 05
CubeSmart's (NYSE:CUBE) CEO Compensation Looks Acceptable To Us And Here's Why

Can You Imagine How CubeSmart's (NYSE:CUBE) Shareholders Feel About The 35% Share Price Increase?

Mar 14
Can You Imagine How CubeSmart's (NYSE:CUBE) Shareholders Feel About The 35% Share Price Increase?

Have Insiders Been Selling CubeSmart (NYSE:CUBE) Shares?

Feb 07
Have Insiders Been Selling CubeSmart (NYSE:CUBE) Shares?

Financial Position Analysis

Short Term Liabilities: CUBE's short term assets ($54.4M) do not cover its short term liabilities ($271.6M).

Long Term Liabilities: CUBE's short term assets ($54.4M) do not cover its long term liabilities ($3.1B).


Debt to Equity History and Analysis

Debt Level: CUBE's net debt to equity ratio (101.2%) is considered high.

Reducing Debt: CUBE's debt to equity ratio has increased from 98.6% to 101.5% over the past 5 years.

Debt Coverage: CUBE's debt is well covered by operating cash flow (20.9%).

Interest Coverage: CUBE's interest payments on its debt are well covered by EBIT (5.2x coverage).


Balance Sheet


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