CUBE - CubeSmart Stock Price, Fair Value and News

42.20USD-0.44 (-1.03%)Market Closed

Market Summary

USD42.20-0.44

Market Closed

-1.03%

CUBE Stock Price

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CUBE RSI Chart

CUBE Valuation

Market Cap

9.5B

Price/Earnings (Trailing)

23.02

Price/Sales (Trailing)

9.04

Price/Free Cashflow

15.53

CUBE Price/Sales (Trailing)

CUBE Profitability

Operating Margin

71.93%

Return on Equity

14.74%

Return on Assets

6.63%

Free Cashflow Yield

6.44%

CUBE Fundamentals

CUBE Revenue

Revenue (TTM)

1.1B

Rev. Growth (Yr)

1.59%

Rev. Growth (Qtr)

-1.03%

CUBE Earnings

Earnings (TTM)

412.4M

Earnings Growth (Yr)

37.68%

Earnings Growth (Qtr)

9.76%

Breaking Down CUBE Revenue

Last 7 days

-9.4%

Last 30 days

-1.4%

Last 90 days

-5.8%

Trailing 12 Months

-9.5%

How does CUBE drawdown profile look like?

CUBE Financial Health

CUBE Investor Care

Dividend Yield

4.69%

Dividend/Share (TTM)

1.98

Shares Dilution (1Y)

0.14%

Diluted EPS (TTM)

1.82

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs

Net sales

Year	Q1	Q2	Q3	Q4
2023	1.0B	1.0B	1.0B	1.1B
2022	872.3M	921.7M	970.5M	1.0B
2021	703.9M	739.4M	779.4M	822.6M
2020	655.2M	659.9M	665.9M	679.2M
2019	607.9M	619.1M	632.3M	643.9M
2018	568.8M	578.0M	587.5M	597.9M
2017	524.2M	536.2M	548.0M	558.9M
2016	459.7M	476.4M	492.5M	510.0M
2015	393.4M	410.9M	429.8M	444.5M
2014	331.0M	345.1M	359.7M	377.0M
2013	280.4M	295.1M	308.5M	318.4M
2012	234.6M	243.2M	254.6M	266.3M
2011	213.1M	216.7M	220.7M	227.2M
2010	205.1M	206.7M	208.2M	209.7M
2009	0	0	0	203.6M

Get all data in R, Python etc through our Historical Stock Data APIs

GRUFITY'S FAIR VALUE MODEL

Stocks Marked 'Very Cheap' by Grufity's Fair Value Model Have Outperformed Russell 2000 Index

Small Caps and Mid Caps are mostly overlooked by investors as all the focus goes to Magnificent 7. These stocks that are not part of the beauty contest require a deeper look. However, all large cap stocks were once small caps. Grufity's Fair Value model opens up this unverse as it separates high-performing, rewarding stocks from low-performing risky stocks. <b>Russell 2000 stocks that were marked 'Very Cheap' by the model doubled in three years while the index was flat.</b>

Returns of $10,000 invested in:

Very Cheap Stocks: $21,859
Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224

Russell 2000 stocks considered 'Very Cheap' by the model greatly outperformed Russell 2000 index and the 'Very Expensive' bucket over past three years.

Russell 2000 Index

Very Expensive Stocks

Very Cheap Stocks

Try For Just $1.99

Tracking the Latest Insider Buys and Sells of CubeSmart

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Mar 04, 2024	keaton joel d	acquired	200,650	25.00	8,026	coo
Mar 04, 2024	keaton joel d	sold	-357,780	44.5776	-8,026	coo
Jan 01, 2024	schulte jennifer	sold (taxes)	-120,417	46.35	-2,598	chief human resources officer
Jan 01, 2024	foster jeffrey p	acquired	352,028	26.3731	13,348	clo & secretary
Jan 01, 2024	marr christopher p	acquired	2,946,280	29.6038	99,524	ceo
Jan 01, 2024	martin timothy m	acquired	747,394	26.3622	28,351	cfo
Jan 01, 2024	keaton joel d	sold (taxes)	-277,219	46.35	-5,981	coo
Jan 01, 2024	keaton joel d	acquired	431,148	24.0435	17,932	coo
Jan 01, 2024	denarie matthew d	acquired	107,903	25.0587	4,306	chief accounting officer
Jan 01, 2024	schulte jennifer	acquired	158,007	24.4404	6,465	chief human resources officer

Which funds bought or sold CUBE recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
Apr 15, 2024	JANICZEK WEALTH MANAGEMENT, LLC	unchanged	-	-475	19,000	-%
Apr 15, 2024	Pallas Capital Advisors LLC	added	8.26	85,603	1,609,840	0.07%
Apr 15, 2024	Sound Income Strategies, LLC	unchanged	-	-58.00	2,306	-%
Apr 15, 2024	OLD NATIONAL BANCORP /IN/	added	5.96	259,637	7,954,060	0.19%
Apr 15, 2024	Hazelview Securities Inc.	added	100	5,361,490	10,371,300	1.96%
Apr 15, 2024	FIRST CITIZENS BANK & TRUST CO	sold off	-100	-279,027	-	-%
Apr 15, 2024	WEALTH ENHANCEMENT ADVISORY SERVICES, LLC	added	14.89	44,703	414,534	-%
Apr 15, 2024	EXCHANGE TRADED CONCEPTS, LLC	reduced	-0.61	-3,710	118,793	-%
Apr 15, 2024	Sunbelt Securities, Inc.	reduced	-1.63	-3,553	84,697	0.01%
Apr 12, 2024	Whitaker-Myers Wealth Managers, LTD.	sold off	-100	-204,752	-	-%

Are Funds Buying or Selling CUBE?

Are funds buying CUBE calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own CUBE

No. of Funds

Unveiling CubeSmart's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 13, 2024	principal real estate investors llc	-	7,568	SC 13G/A
Feb 13, 2024	vanguard group inc	14.07%	31,643,151	SC 13G/A
Feb 09, 2024	fmr llc	-	0	SC 13G/A
Jan 30, 2024	state street corp	5.56%	12,504,035	SC 13G/A
Jan 24, 2024	blackrock inc.	11.5%	25,928,780	SC 13G/A
Feb 15, 2023	principal real estate investors llc	5.17%	11,619,403	SC 13G
Feb 09, 2023	fmr llc	-	0	SC 13G/A
Feb 09, 2023	vanguard group inc	14.59%	32,768,312	SC 13G/A
Jan 20, 2023	state street corp	5.46%	12,251,583	SC 13G
Jan 20, 2023	state street corp	5.46%	12,251,583	SC 13G

Recent SEC filings of CubeSmart

View All Filings

Date Filed	Form Type	Document
Apr 15, 2024	4	Insider Trading
Apr 15, 2024	4	Insider Trading
Apr 15, 2024	4	Insider Trading
Apr 05, 2024	ARS	ARS
Apr 05, 2024	DEF 14A	DEF 14A
Apr 05, 2024	DEFA14A	DEFA14A
Mar 06, 2024	4	Insider Trading
Mar 04, 2024	144	Notice of Insider Sale Intent
Mar 04, 2024	8-K	Current Report
Feb 29, 2024	8-K	Current Report

Peers (Alternatives to CubeSmart)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
AMT	80.3B	11.1B	-12.74%	-17.55%	58.74	7.21	4.04%	-19.43%
CCI	40.8B	7.0B	-11.16%	-28.91%	27.17	5.84	-0.07%	-10.36%
AVB	25.4B	2.8B	-2.64%	2.84%	27.37	9.18	6.73%	-18.30%
ARE	20.1B	2.9B	-5.50%	-5.37%	193.97	6.97	11.46%	-80.13%
AMH	12.6B	1.6B	-4.41%	4.68%	29.05	7.81	7.80%	39.39%
REG	10.5B	1.3B	-3.55%	-5.82%	28.85	7.95	8.04%	-24.50%
BXP	9.1B	3.3B	-7.43%	9.20%	47.83	2.78	5.31%	-77.32%
MID-CAP
FRT	8.0B	1.1B	-2.65%	-1.41%	33.79	7.07	5.38%	-38.52%
MAC	3.4B	884.1M	-2.05%	57.21%	-12.44	3.86	2.90%	-314.82%
SLG	3.1B	899.4M	-4.37%	105.86%	-5.54	3.48	-0.45%	-623.11%
SMALL-CAP
AAT	1.2B	441.2M	-3.87%	11.51%	19.16	2.81	4.38%	15.77%
AIV	1.1B	198.2M	4.97%	0.64%	-7.19	5.71	-43.33%	-270.70%
MFA	1.0B	605.6M	-9.86%	0.10%	13.04	1.73	25.53%	134.62%
NYMT	613.1M	258.7M	-6.80%	-33.92%	-12.6	2.37	0.11%	83.70%
IVR	392.5M	277.9M	-11.76%	-23.30%	-24.75	1.41	44.33%	96.06%

CubeSmart News

Latest updates

CubeSmart Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Income Statement (Quarterly)																					(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Revenue	-1.0%	265	268	261	257	261	261	249	239	222	213	199	189	179	173	164	164	166	167	159	153	154
Cost Of Revenue	-8.1%	71.00	78.00	75.00	71.00	72.00	77.00	73.00	71.00	63.00	64.00	64.00	61.00	55.00	57.00	55.00	56.00	55.00	53.00	50.00	51.00	50.00
Costs and Expenses	-4.1%	136	142	140	136	155	170	166	168	145	132	129	126	105	105	105	107	105	107	101	99.00	99.00
S&GA Expenses	-0.6%	14.00	14.00	14.00	15.00	13.00	13.00	14.00	15.00	13.00	12.00	12.00	11.00	11.00	10.00	10.00	10.00	10.00	10.00	10.00	9.00	11.00
Interest Expenses	-52.4%	15.00	32.00	16.00	32.00	17.00	34.00	16.00	25.00	16.00	25.00	15.00	24.00	18.00	25.00	14.00	24.00	16.00	20.00	18.00	16.00	20.00
Net Income	9.8%	113	103	98.00	98.00	82.00	113	59.00	38.00	47.00	91.00	50.00	43.00	43.00	47.00	39.00	38.00	43.00	43.00	50.00	36.00	49.00
Net Income Margin	7.7%	0.39*	0.36*	0.38*	0.34*	0.29*	0.26*	0.25*	0.26*	0.28*	0.29*	0.25*	0.25*	-	-	-	-	-	-	-	-	-
Free Cashflow	-13.3%	146	168	161	136	145	162	154	131	106	126	119	98.00	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Assets	-0.1%	6,225	6,233	6,281	6,291	6,326	6,371	6,429	6,462	6,548	4,836	4,771	4,754	4,778	4,029	4,024	4,003	4,030	3,950	3,947	3,814	3,753
Cash Equivalents	-18.7%	7.00	8.00	9.00	6.00	6.00	8.00	8.00	10.00	13.00	60.00	6.00	6.00	6.00	7.00	6.00	6.00	58.00	13.00	15.00	7.00	6.00
Liabilities	-0.5%	3,344	3,360	3,402	3,404	3,428	3,447	3,526	3,522	3,550	2,551	2,574	2,590	2,688	2,215	2,204	2,159	2,160	2,064	2,105	2,045	1,981
Shareholder's Equity	-0.3%	2,799	2,807	2,816	2,822	2,826	2,866	2,840	2,863	2,890	1,946	1,860	1,886	1,841	1,744	1,769	1,790	1,807	1,822	1,780	1,709	1,716
Retained Earnings	-1.0%	-1,345	-1,332	-1,333	-1,322	-1,301	-1,271	-1,291	-1,266	-1,218	-1,113	-1,116	-1,033	-974	-947	-920	-894	-876	-860	-838	-823	-791
Additional Paid-In Capital	0.1%	4,142	4,137	4,133	4,129	4,125	4,122	4,114	4,112	4,088	3,038	2,962	2,910	2,806	2,683	2,680	2,676	2,675	2,673	2,611	2,520	2,501
Shares Outstanding	0.0%	225	225	225	225	225	225	224	224	204	201	201	199	-	-	-	-	-	-	-	-	-
Minority Interest	54.3%	22.00	14.00	14.00	14.00	14.00	14.00	16.00	16.00	19.00	20.00	14.00	9.00	9.00	8.00	8.00	8.00	8.00	8.00	6.00	11.00	7.00
Float	-	-	-	10,006	-	-	-	9,589	-	-	-	9,346	-	-	-	5,229	-	-	-	6,408	-	-

Cashflow (Last 12 Months)

(In Thousands)

Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Cashflow From Operations	-13.3%	146,001	168,364	161,265	135,506	144,970	162,192	153,569	130,735	106,245	125,582	119,176	98,182	83,202	79,316	107,566	80,949	71,916	82,588	101,806	75,458	69,773
Share Based Compensation	0.6%	2,559	2,545	2,449	2,536	2,277	2,299	2,312	2,193	2,021	2,024	2,001	2,042	1,766	1,771	1,732	1,871	1,704	1,676	1,695	1,619	1,376
Cashflow From Investing	-302.5%	-38,991	-9,687	-20,780	-24,360	-17,546	18,854	-40,987	-9,088	-1,722,719	-41,979	-67,438	-20,532	-350,994	-35,922	-89,741	-34,784	-70,390	-54,431	-171,810	-79,033	-137,236
Cashflow From Financing	32.0%	-108,693	-159,922	-138,122	-111,289	-126,703	-180,946	-114,941	-124,502	1,569,722	-29,760	-51,503	-77,887	267,303	-43,068	-49,912	-66,127	44,067	-30,692	78,846	3,634	67,466
Dividend Payments	0.0%	110,616	110,586	110,520	110,495	96,868	96,819	96,814	96,605	69,317	68,800	68,354	67,368	64,093	64,086	64,038	64,036	62,048	61,432	60,374	60,005	55,971

CUBE Income Statement

2023-12-31

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
REVENUES
Rental income	$ 911,999	$ 879,289	$ 707,751
Total revenues	1,050,334	1,009,624	822,564
OPERATING EXPENSES
Property operating expenses	294,780	293,260	252,104
Depreciation and amortization	201,238	310,610	232,049
General and administrative	57,041	54,623	47,809
Total operating expenses	553,059	658,493	531,962
Interest:
Interest expense on loans	(93,065)	(93,284)	(78,448)
Loan procurement amortization expense	(4,141)	(3,897)	(8,168)
Loss on early extinguishment of debt			(20,328)
Equity in earnings of real estate ventures	6,085	48,877	25,275
Gains from sales of real estate, net			32,698
Other	6,281	(10,355)	(10,818)
Total other (expense) income	(84,840)	(58,659)	(59,789)
NET INCOME	412,435	292,472	230,813
NET (INCOME) LOSS ATTRIBUTABLE TO NONCONTROLLING INTERESTS
Net income attributable to noncontrolling interests in the Operating Partnership	(2,535)	(1,931)	(7,873)
Net loss attributable to noncontrolling interests in subsidiaries	857	722	542
NET INCOME ATTRIBUTABLE TO THE COMPANY'S COMMON SHAREHOLDERS	$ 410,757	$ 291,263	$ 223,482
Basic earnings per share attributable to common shareholders (in dollars per share)	$ 1.82	$ 1.29	$ 1.10
Diluted earnings per share attributable to common shareholders (in dollars per share)	$ 1.82	$ 1.29	$ 1.09
Weighted average basic shares outstanding (in shares)	225,424	224,928	203,832
Weighted average diluted shares outstanding (in shares)	226,241	225,881	205,009
Other Property Related Income
REVENUES
Property related income	$ 101,793	$ 96,166	$ 83,605
Property Management Fee Income
REVENUES
Property related income	$ 36,542	$ 34,169	$ 31,208

CUBE Balance Sheet

2023-12-31

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
ASSETS
Storage properties	$ 7,367,613	$ 7,295,778
Less: Accumulated depreciation	(1,416,377)	(1,247,775)
Storage properties, net	5,951,236	6,048,003
Cash and cash equivalents	6,526	6,064
Restricted cash	1,691	2,861
Loan procurement costs, net of amortization	3,995	5,182
Investment in real estate ventures, at equity	98,288	105,993
Assets held for sale		3,745
Other assets, net	163,284	153,982
Total assets	6,225,020	6,325,830
LIABILITIES AND EQUITY
Unsecured senior notes, net	2,776,490	2,772,350
Revolving credit facility	18,100	60,900
Mortgage loans and notes payable, net	128,186	162,918
Lease liabilities - finance leases	65,714	65,758
Accounts payable, accrued expenses and other liabilities	201,419	214,384
Distributions payable	115,820	111,190
Deferred revenue	38,483	38,757
Liabilities held for sale		1,773
Total liabilities	3,344,212	3,428,030
Noncontrolling interests in the Operating Partnership	60,276	57,419
Commitments and contingencies
Equity
Common shares $.01 par value, 400,000,000 shares authorized, 224,921,053 and 224,603,462 shares issued and outstanding at December 31, 2023, and December 31, 2022, respectively	2,249	2,246
Additional paid-in capital	4,142,229	4,125,478
Accumulated other comprehensive loss	(411)	(491)
Accumulated deficit	(1,345,239)	(1,301,030)
Total CubeSmart shareholders' equity	2,798,828	2,826,203
Noncontrolling interests in subsidiaries	21,704	14,178
Total equity	2,820,532	2,840,381
Total liabilities and equity	$ 6,225,020	$ 6,325,830

About CubeSmart

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, in most locations, climate-controlled storage space for residential and commercial customers. According to the 2023 Self-Storage Almanac, CubeSmart is one of the top three owners and operators of self-storage properties in the United States.

CEO	Mr. Christopher P. Marr
WEBSITE	cubesmart.com
INDUSTRY	REIT Mortgage
EMPLOYEES	2804

CubeSmart Frequently Asked Questions

What is the ticker symbol for CubeSmart? What does CUBE stand for in stocks?

CUBE is the stock ticker symbol of CubeSmart. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of CubeSmart (CUBE)?

As of Tue Apr 16 2024, market cap of CubeSmart is 9.49 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of CUBE stock?

You can check CUBE's fair value in chart for subscribers.

What is the fair value of CUBE stock?

You can check CUBE's fair value in chart for subscribers. The fair value of CubeSmart is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of CubeSmart is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for CUBE so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is CubeSmart a good stock to buy?

The fair value guage provides a quick view whether CUBE is over valued or under valued. Whether CubeSmart is cheap or expensive depends on the assumptions which impact CubeSmart's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for CUBE.

What is CubeSmart's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Tue Apr 16 2024, CUBE's PE ratio (Price to Earnings) is 23.02 and Price to Sales (PS) ratio is 9.04. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. CUBE PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on CubeSmart's stock?

In the past 10 years, CubeSmart has provided 0.12 (multiply by 100 for percentage) rate of return.