CubeSmart is a self-administered and self-managed real estate investment trust.
Price History & Performance
|Historical stock prices|
|Current Share Price||US$53.15|
|52 Week High||US$31.16|
|52 Week Low||US$55.07|
|1 Month Change||4.63%|
|3 Month Change||8.51%|
|1 Year Change||55.09%|
|3 Year Change||87.08%|
|5 Year Change||108.51%|
|Change since IPO||217.69%|
Recent News & Updates
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.
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.
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...
|CUBE||US REITs||US Market|
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.
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
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
|CUBE fundamental statistics|
Is CUBE overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|CUBE income statement (TTM)|
|Cost of Revenue||US$220.63m|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
Nov 04, 2021
|Earnings per share (EPS)||0.86|
|Net Profit Margin||24.28%|
How did CUBE perform over the long term?See historical performance and comparison
2.6%Current Dividend Yield
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).
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%).
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.
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 ($2.4B).
Debt to Equity History and Analysis
Debt Level: CUBE's debt to equity ratio (101.3%) is considered high.
Reducing Debt: CUBE's debt to equity ratio has increased from 80.8% to 101.3% over the past 5 years.
Debt Coverage: CUBE's debt is not well covered by operating cash flow (17.1%).
Interest Coverage: CUBE's interest payments on its debt are well covered by EBIT (3.4x coverage).
What is CubeSmart current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: CUBE's dividend (2.56%) is higher than the bottom 25% of dividend payers in the US market (1.29%).
High Dividend: CUBE's dividend (2.56%) is low compared to the top 25% of dividend payers in the US market (3.47%).
Stability and Growth of Payments
Stable Dividend: CUBE's dividends per share have been stable in the past 10 years.
Growing Dividend: CUBE's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (72.4%), CUBE's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: CUBE's dividends in 3 years are forecast to be covered by earnings (61.4% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Chris Marr (56 yo)
Mr. Christopher P. Marr, also known as Chris, has been the Chief Executive Officer and President at CubeSmart, a real estate company that acquires, owns, operates and develops self-storage facilities in th...
CEO Compensation Analysis
Compensation vs Market: Chris's total compensation ($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.
Experienced Management: CUBE's management team is seasoned and experienced (7.8 years average tenure).
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.
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 6.9%.
CubeSmart's employee growth, exchange listings and data sources
- 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: https://www.cubesmart.com
Number of Employees
- 5 Old Lancaster Road
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/23 22:12|
|End of Day Share Price||2021/10/22 00:00|
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.