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CubeSmart Stock Research

CUBE

38.60USD-0.14(-0.36%)Market Closed
Watchlist

Market Summary

USD38.60-0.14
Market Closed
-0.36%

CUBE Alerts

  • Big jump in Earnings (Y/Y)

CUBE Stock Price

CUBE RSI Chart

CUBE Valuation

Market Cap

8.7B

Price/Earnings (Trailing)

22.14

Price/Sales (Trailing)

8.35

Price/Free Cashflow

14.37

CUBE Price/Sales (Trailing)

CUBE Profitability

Operating Margin

71.41%

Return on Equity

12.54%

Return on Assets

5.6%

Free Cashflow Yield

6.96%

CUBE Fundamentals

CUBE Revenue

Revenue (TTM)

1.0B

Revenue Y/Y

4.88%

Revenue Q/Q

1.67%

CUBE Earnings

Earnings (TTM)

391.8M

Earnings Y/Y

67.74%

Earnings Q/Q

0.35%

Price Action

52 Week Range

36.8248.93
(Low)(High)

Last 7 days

-4.3%

Last 30 days

-7.4%

Last 90 days

-14.7%

Trailing 12 Months

-3.0%

CUBE Financial Health

CUBE Investor Care

Dividend Yield

4.92%

Dividend/Share (TTM)

1.9

Shares Dilution (1Y)

0.15%

Diluted EPS (TTM)

1.72

Historical Charts for Stock Metrics

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

Latest Insider Trading transactions for CUBE

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-09-08
Schulte Jennifer
sold (taxes)
-13,888
40.49
-343
chief human resources officer
2023-06-07
MARR CHRISTOPHER P
acquired
345,633
15.67
22,057
ceo
2023-06-07
MARR CHRISTOPHER P
sold
-1,001,580
45.4087
-22,057
ceo
2023-06-05
Foster Jeffrey P
sold
-675,750
45.05
-15,000
clo & secretary
2023-06-05
MARR CHRISTOPHER P
sold
-764,397
45.1025
-16,948
ceo
2023-06-05
Foster Jeffrey P
acquired
375,000
25.00
15,000
clo & secretary
2023-06-05
MARR CHRISTOPHER P
acquired
265,575
15.67
16,948
ceo
2023-05-16
RATNERSALZBERG DEBORAH
acquired
-
-
2,601
-
2023-05-16
REMONDI JOHN F
acquired
-
-
2,601
-
2023-05-16
Dowling Dororthy
acquired
-
-
2,601
-

1–10 of 50

Which funds bought or sold CUBE recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-09-20
BARCLAYS PLC
added
58.74
2,490,000
7,158,000
-%
2023-09-12
Farther Finance Advisors, LLC
unchanged
-
-375
10,718
-%
2023-09-08
TUCKER ASSET MANAGEMENT LLC
reduced
-35.2
-53,755
90,035
0.03%
2023-08-25
Gould Capital, LLC
unchanged
-
-312
8,932
0.01%
2023-08-23
WOLVERINE TRADING, LLC
added
19.68
91,233
603,233
-%
2023-08-22
VIRGINIA RETIREMENT SYSTEMS ET AL
reduced
-32.33
-6,101,590
11,527,600
0.11%
2023-08-21
TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY
added
10.15
105,000
1,734,000
0.02%
2023-08-21
VisionPoint Advisory Group, LLC
new
-
13,443
13,443
-%
2023-08-21
BOKF, NA
added
4.42
27,749
3,110,350
0.06%
2023-08-21
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM
reduced
-2.65
-770,705
12,215,400
0.02%

1–10 of 48

Latest Funds Activity

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

Schedule 13G FIlings of CubeSmart

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
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
Jan 06, 2023
blackrock inc.
11.6%
26,087,060
SC 13G/A
Feb 09, 2022
vanguard group inc
14.01%
30,663,122
SC 13G/A
Feb 09, 2022
fmr llc
-
0
SC 13G/A
Feb 01, 2022
blackrock inc.
9.4%
20,598,563
SC 13G/A
Oct 12, 2021
pggm investments
4.99%
10
SC 13G

Recent SEC filings of CubeSmart

View All Filings
Date Filed Form Type Document
Sep 11, 2023
8-K
Current Report
Sep 11, 2023
4
Insider Trading
Aug 04, 2023
8-K
Current Report
Aug 04, 2023
10-Q
Quarterly Report
Jul 18, 2023
4
Insider Trading
Jul 18, 2023
4
Insider Trading
Jul 18, 2023
4
Insider Trading

CUBE Fair Value

Loading...

Peers (Alternatives to CubeSmart)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
48.1B
4.4B
-0.64% -17.74%
11.24
10.95
14.80% 87.79%
37.0B
5.1B
-1.87% 22.34%
86.44
7.21
13.73% -68.04%
22.5B
2.0B
-7.80% -13.29%
26.97
11.14
-22.97% -33.54%
20.0B
2.7B
-12.53% -28.88%
26.64
7.46
15.16% 88.51%
11.0B
1.8B
-5.65% -5.95%
27.11
6.23
6.75% -42.80%
MID-CAP
7.5B
1.1B
-5.34% 2.13%
19.42
6.8
8.31% 38.10%
4.7B
820.5M
-1.19% 22.95%
168.06
5.75
29.95% 125.56%
4.2B
1.8B
1.04% -6.78%
-11.4
2.33
5.60% -286.96%
2.4B
866.2M
1.72% 45.08%
-27.77
2.8
0.51% -335.26%
SMALL-CAP
2.4B
882.0M
3.54% -3.06%
-5.42
2.71
11.76% -239.94%
2.4B
426.3M
0.49% 62.35%
25.13
5.58
1.38% 137.97%
1.0B
732.3M
-3.12% -27.53%
-11.88
1.38
-0.03% -4012.90%
1.0B
339.3M
-9.64% -10.56%
-5.72
2.98
88.48% -168.70%

CubeSmart News

Nasdaq
CubeSmart is Oversold.
Nasdaq,
20 hours ago
Investing.com México
Kiplinger's Personal Finance
Real Estate Investing Is Down But Not Out.
Kiplinger's Personal Finance,
23 days ago
StreetInsider.com
Yahoo Finance

Returns for CUBE

Cumulative Returns on CUBE

11.7%


10-Year Cumulative Returns

8.3%


7-Year Cumulative Returns

9.6%


5-Year Cumulative Returns

9.4%


3-Year Cumulative Returns

Risks for CUBE

What is the probability of a big loss on CUBE?

46.5%


Probability that CubeSmart stock will be more than 20% underwater in next one year

23.9%


Probability that CubeSmart stock will be more than 30% underwater in next one year.

0%


Probability that CubeSmart stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does CUBE drawdown profile look like?

Y-axis is the maximum loss one would have experienced if CubeSmart was unfortunately bought at previous high price.

Drawdowns

Financials for CubeSmart

Income Statement (Last 12 Months)
(In Millions)
Income Statement (Last 12 Months)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q2
Revenue1.2%1,0401,0281,010971922872823779739704679666660655644632619608598588578
Cost Of Revenue0.5%295294293284271261252244238229224223219214210205200200197192190
Costs and Expenses-4.3%600627658648610574532492465441422422424420412405392384378367365
  S&GA Expenses1.1%55.0055.0055.0055.0054.0051.0048.0046.0044.0042.0041.0040.0040.0040.0039.0040.0040.0038.0038.0035.0034.00
Interest Expenses0.2%10010092.0091.0081.0080.0079.0081.0082.0081.0081.0079.0075.0079.0069.0073.0067.0065.0067.0067.0066.00
Net Income11.3%392352292257234226231227184173168167162173171177178166165156150
Net Income Margin-100.0%-0.34*0.29*0.26*0.25*0.26*0.28*0.29*0.25*0.25*0.25*0.25*0.25*0.26*0.27*------
Free Cashflow-100.0%-596591553516482449426380250233221225219213------
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q2
Assets-0.2%6,2816,2916,3266,3716,4296,4626,5484,8364,7714,7544,7784,0294,0244,0034,0303,9503,9473,8143,7533,6403,585
    Cash Equivalents67.3%9.006.006.005.008.0010.0013.0060.006.006.006.007.003.006.0058.0013.0015.007.006.006.0010.00
Liabilities0.0%3,4023,4043,4283,4473,5263,5223,5502,5512,5742,5902,6882,2152,2042,1592,1602,0642,1052,0451,9811,8801,827
Shareholder's Equity-0.7%2,8012,8222,8262,8522,8402,8632,8901,9461,8601,8861,8411,7441,7691,7901,8071,8221,7801,7091,7161,7021,693
  Retained Earnings-0.8%-1,333-1,322-1,301-1,271-1,291-1,266-1,218-1,113-1,116-1,033-974-947-920-894-876-860-838-823-791-779-773
  Additional Paid-In Capital0.1%4,1334,1294,1254,1224,1144,1124,0883,0382,9622,9102,8062,6832,6802,6762,6752,6732,6112,5202,5012,4732,459
Shares Outstanding0.1%225225225225224224224202201199197194194194194193190187187186184
Minority Interest3.8%14.0014.0014.0014.0016.0016.0019.0020.0014.009.009.008.008.008.008.008.006.0011.007.007.007.00
Cashflow (Last 12 Months)
(In Millions)
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q2
Cashflow From Operations1.3%604596591553516482449426380368351340343337332330326314304303301
  Share Based Compensation1.5%10.009.009.009.009.008.008.008.008.007.007.007.007.007.007.006.006.006.006.006.006.00
Cashflow From Investing31.6%-43.83-64.04-48.77-1,753-1,814-1,841-1,852-480-474-497-511-230-249-331-375-442-472-344-322-251-201
Cashflow From Financing-4.3%-557-533-5471,1491,3011,3641,41110895.0096.00108-115-10226.0096.0011915228.0015.00-55.58-101
  Dividend Payments3.4%415401387360332303274269264260256254252248244238232227221214207

CUBE Income Statement

2023-06-30
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
REVENUES    
Rental income$ 225,910$ 216,133$ 449,494$ 424,504
Total revenues260,805248,664517,333487,229
OPERATING EXPENSES    
Property operating expenses74,82173,472145,948144,039
Depreciation and amortization50,35879,046100,687161,603
General and administrative14,32513,72528,99928,250
Total operating expenses139,504166,243275,634333,892
Interest:    
Interest expense on loans(23,544)(23,055)(47,235)(45,879)
Loan procurement amortization expense(1,041)(959)(2,081)(1,916)
Equity in earnings of real estate ventures7906803,341974
Other777(493)501(9,656)
Total other expense(23,018)(23,827)(45,474)(56,477)
NET INCOME98,28358,594196,22596,860
NET (INCOME) LOSS ATTRIBUTABLE TO NONCONTROLLING INTERESTS    
Noncontrolling interests in the Operating Partnership(616)(379)(1,230)(671)
Noncontrolling interest in subsidiaries212143450324
NET INCOME ATTRIBUTABLE TO THE COMPANY'S COMMON SHAREHOLDERS$ 97,879$ 58,358$ 195,445$ 96,513
Basic earnings per share attributable to common shareholders (in dollars per share)$ 0.43$ 0.26$ 0.87$ 0.43
Diluted earnings per share attributable to common shareholders (in dollars per share)$ 0.43$ 0.26$ 0.86$ 0.43
Weighted average basic shares outstanding (in shares)225,388224,960225,342224,812
Weighted average diluted shares outstanding (in shares)226,275225,895226,238225,820
Other Property Related Income    
REVENUES    
Property related income$ 25,760$ 23,861$ 50,144$ 46,141
Property Management Fee Income    
REVENUES    
Property related income$ 9,135$ 8,670$ 17,695$ 16,584

CUBE Balance Sheet

2023-06-30
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
ASSETS  
Storage properties$ 7,323,638$ 7,295,778
Less: Accumulated depreciation(1,333,907)(1,247,775)
Storage properties, net (including VIE assets of $142,326 and $167,180, respectively)5,989,7316,048,003
Cash and cash equivalents9,2206,064
Restricted cash1,9252,861
Loan procurement costs, net of amortization4,5915,182
Investment in real estate ventures, at equity101,482105,993
Assets held for sale2,0633,745
Other assets, net172,137153,982
Total assets6,281,1496,325,830
LIABILITIES AND EQUITY  
Unsecured senior notes, net2,774,4202,772,350
Revolving credit facility63,20060,900
Mortgage loans and notes payable, net130,070162,918
Lease liabilities - finance leases65,72765,758
Accounts payable, accrued expenses and other liabilities214,733213,297
Distributions payable111,280111,190
Deferred revenue40,24538,757
Security deposits1,0861,087
Liabilities held for sale1,4021,773
Total liabilities3,402,1633,428,030
Noncontrolling interests in the Operating Partnership63,35257,419
Commitments and contingencies
Equity  
Common shares $.01 par value, 400,000,000 shares authorized, 224,797,239 and 224,603,462 shares issued and outstanding at June 30, 2023, and December 31, 2022, respectively2,2482,246
Additional paid-in capital4,132,6214,125,478
Accumulated other comprehensive loss(451)(491)
Accumulated deficit(1,333,148)(1,301,030)
Total CubeSmart shareholders' equity2,801,2702,826,203
Noncontrolling interests in subsidiaries14,36414,178
Total equity2,815,6342,840,381
Total liabilities and equity$ 6,281,149$ 6,325,830

About CubeSmart