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CubeSmartNYSE:CUBE Stock Report

Market Cap







23 Oct, 2021


Company Financials +
CUBE fundamental analysis
Snowflake Score
Future Growth1/6
Past Performance3/6
Financial Health1/6

CUBE Overview

CubeSmart is a self-administered and self-managed real estate investment trust.

CubeSmart Competitors

Price History & Performance

Summary of all time highs, changes and price drops for CubeSmart
Historical stock prices
Current Share PriceUS$53.15
52 Week HighUS$31.16
52 Week LowUS$55.07
1 Month Change4.63%
3 Month Change8.51%
1 Year Change55.09%
3 Year Change87.08%
5 Year Change108.51%
Change since IPO217.69%

Recent News & Updates

Oct 01

CubeSmart Is A Terrific REIT

CubeSmart is one of the smaller public self-storage REITs with a fantastic track record and prime real estate. Especially in the NY/NJ area. The company has a healthy balance sheet and the ability to aggressively expand its footprint in self-storage. Its valuation is attractive and long-term dividend growth makes this an interesting income play.

Aug 26

CubeSmart: Shares Look Fairly Valued

CubeSmart is a quality company, and its performance as of late has been impressive. Long term, the business should fare well for investors, but this doesn't make it a great investment. It probably will generate a positive return over time, but shares are definitely pricey and may underperform the market near term.

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

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

For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...

Shareholder Returns


Return vs Industry: CUBE exceeded the US REITs industry which returned 35.3% over the past year.

Return vs Market: CUBE exceeded the US Market which returned 30.3% over the past year.

Price Volatility

Is CUBE's price volatile compared to industry and market?
CUBE volatility
CUBE Beta0.34
Industry Beta0.84
Market Beta1

Stable Share Price: CUBE is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 2% a week.

Volatility Over Time: CUBE's weekly volatility (2%) has been stable over the past year.

About the Company

20043,111Chris Marr

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 residential and commercial customers. According to the 2020 Self-Storage Almanac, CubeSmart is one of the top three owners and operators of self-storage properties in the United States.

CubeSmart Fundamentals Summary

How do CubeSmart's earnings and revenue compare to its market cap?
CUBE fundamental statistics
Market CapUS$11.11b
Earnings (TTM)US$179.70m
Revenue (TTM)US$740.08m


P/E Ratio


P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
CUBE income statement (TTM)
Cost of RevenueUS$220.63m
Gross ProfitUS$519.45m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

Nov 04, 2021

Earnings per share (EPS)0.86
Gross Margin70.19%
Net Profit Margin24.28%
Debt/Equity Ratio101.3%

How did CUBE perform over the long term?

See historical performance and comparison



Current Dividend Yield


Payout Ratio


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 ($53.15) is trading below our estimate of fair value ($71.97)

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 (61.8x) compared to the US REITs industry average (51.9x).

PE vs Market: CUBE is poor value based on its PE Ratio (61.8x) compared to the US market (18.2x).

Price to Earnings Growth Ratio

PEG Ratio: CUBE is poor value based on its PEG Ratio (6.6x)

Price to Book Ratio

PB vs Industry: CUBE is overvalued based on its PB Ratio (6x) compared to the US REITs industry average (2.1x).

Future Growth

How is CubeSmart forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?


Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: CUBE's forecast earnings growth (9.4% per year) is above the savings rate (2%).

Earnings vs Market: CUBE's earnings (9.4% per year) are forecast to grow slower than the US market (14.9% per year).

High Growth Earnings: CUBE's earnings are forecast to grow, but not significantly.

Revenue vs Market: CUBE's revenue (6.5% per year) is forecast to grow slower than the US market (9.9% per year).

High Growth Revenue: CUBE's revenue (6.5% 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 (11.2%).

Past Performance

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 (24.3%) are lower than last year (24.3%).

Past Earnings Growth Analysis

Earnings Trend: CUBE's earnings have grown by 13.5% per year over the past 5 years.

Accelerating Growth: CUBE's earnings growth over the past year (11.9%) is below its 5-year average (13.5% per year).

Earnings vs Industry: CUBE earnings growth over the past year (11.9%) exceeded the REITs industry 8.3%.

Return on Equity

High ROE: CUBE's Return on Equity (8.4%) is considered low.

Financial Health

How is CubeSmart's financial position?

Financial Position Analysis

Short Term Liabilities: CUBE's short term assets ($40.3M) do not cover its short term liabilities ($187.2M).

Long Term Liabilities: CUBE's short term assets ($40.3M) do not cover its long term liabilities ($2.4B).

Debt to Equity History and Analysis

Debt Level: CUBE's debt to equity ratio (101.3%) is considered high.

Reducing Debt: CUBE's debt to equity ratio has increased from 80.8% to 101.3% over the past 5 years.

Debt Coverage: CUBE's debt is not well covered by operating cash flow (17.1%).

Interest Coverage: CUBE's interest payments on its debt are well covered by EBIT (3.4x coverage).

Balance Sheet


What is CubeSmart current dividend yield, its reliability and sustainability?


Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: CUBE's dividend (2.56%) is higher than the bottom 25% of dividend payers in the US market (1.29%).

High Dividend: CUBE's dividend (2.56%) is low compared to the top 25% of dividend payers in the US market (3.47%).

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: With its reasonable payout ratio (72.4%), 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 covered by earnings (61.4% payout ratio).

Next Steps


How experienced are the management team and are they aligned to shareholders interests?


Average management tenure


Chris Marr (56 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 ($USD5.97M) is below average for companies of similar size in the US market ($USD11.15M).

Compensation vs Earnings: Chris's compensation has been consistent with company performance over the past year.

Leadership Team

Experienced Management: CUBE's management team is seasoned and experienced (7.8 years average tenure).

Board Members

Experienced Board: CUBE's board of directors are considered experienced (8.9 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.

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 6.9%.

Top Shareholders

Company Information

CubeSmart's 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$11.111b
  • Market Cap: US$10.724b
  • Shares outstanding: 209.05m
  • Website:

Number of Employees


  • CubeSmart
  • 5 Old Lancaster Road
  • Malvern
  • Pennsylvania
  • 19355
  • United States


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/23 22:12
End of Day Share Price2021/10/22 00:00
Annual Earnings2020/12/31

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.