CubeSmart Balance Sheet Health
Financial Health criteria checks 1/6
CubeSmart has a total shareholder equity of $2.9B and total debt of $3.4B, which brings its debt-to-equity ratio to 120.1%. Its total assets and total liabilities are $6.8B and $3.9B respectively. CubeSmart's EBIT is $464.3M making its interest coverage ratio 4.2. It has cash and short-term investments of $108.4M.
Key information
120.09%
Debt to equity ratio
US$3.43b
Debt
| Interest coverage ratio | 4.2x |
| Cash | US$108.39m |
| Equity | US$2.85b |
| Total liabilities | US$3.90b |
| Total assets | US$6.76b |
Recent financial health updates
No updates
Recent updates
CubeSmart: A Good Self-Storage REIT To Consider After Recent Fear Pushed The Price Lower
Dec 01Why CubeSmart Is Squarely A Hold For Now (Rating Downgrade)
Mar 03CubeSmart: Buy For Dividend Growth From Self Storage
Dec 17
Critical Growth And Eco-Investments Brighten Revenue Horizons Amid Market Challenges
Enhanced fee structures and disciplined growth through third-party managed stores marginally increase revenue and improve operational efficiency.CubeSmart: 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 22Financial Position Analysis
Short Term Liabilities: CUBE's short term assets ($165.4M) do not cover its short term liabilities ($1.0B).
Long Term Liabilities: CUBE's short term assets ($165.4M) do not cover its long term liabilities ($2.9B).
Debt to Equity History and Analysis
Debt Level: CUBE's net debt to equity ratio (116.3%) is considered high.
Reducing Debt: CUBE's debt to equity ratio has increased from 108.5% to 120.1% over the past 5 years.
Debt Coverage: CUBE's debt is not well covered by operating cash flow (18.6%).
Interest Coverage: CUBE's interest payments on its debt are well covered by EBIT (4.2x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/12/15 02:45 |
| End of Day Share Price | 2025/12/15 00:00 |
| Earnings | 2025/09/30 |
| Annual Earnings | 2024/12/31 |
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.
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 Github.
Analyst Sources
CubeSmart is covered by 35 analysts. 8 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 |