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CUBE

CUBE - CubeSmart Stock Price, Fair Value and News

44.37USD+0.52 (+1.19%)Market Closed

Market Summary

CUBE
USD44.37+0.52
Market Closed
1.19%

CUBE Stock Price

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CUBE RSI Chart

CUBE Valuation

Market Cap

10.0B

Price/Earnings (Trailing)

24.38

Price/Sales (Trailing)

9.46

Price/Free Cashflow

15.98

CUBE Price/Sales (Trailing)

CUBE Profitability

Operating Margin

71.50%

Return on Equity

14.71%

Return on Assets

6.59%

Free Cashflow Yield

6.26%

CUBE Fundamentals

CUBE Revenue

Revenue (TTM)

1.1B

Rev. Growth (Yr)

1.9%

Rev. Growth (Qtr)

-1.4%

CUBE Earnings

Earnings (TTM)

409.4M

Earnings Growth (Yr)

-3.15%

Earnings Growth (Qtr)

-16.16%

Breaking Down CUBE Revenue

Last 7 days

3.9%

Last 30 days

5.1%

Last 90 days

2.1%

Trailing 12 Months

-0.9%

How does CUBE drawdown profile look like?

CUBE Financial Health

CUBE Investor Care

Dividend Yield

4.51%

Dividend/Share (TTM)

2

Shares Dilution (1Y)

0.13%

Diluted EPS (TTM)

1.81

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales
YearQ1Q2Q3Q4
20241.1B000
20231.0B1.0B1.0B1.1B
2022872.3M921.7M970.5M1.0B
2021703.9M739.4M779.4M822.6M
2020655.2M659.9M665.9M679.2M
2019607.9M619.1M632.3M643.9M
2018568.8M578.0M587.5M597.9M
2017524.2M536.2M548.0M558.9M
2016459.7M476.4M492.5M510.0M
2015393.4M410.9M429.8M444.5M
2014331.0M345.1M359.7M377.0M
2013280.4M295.1M308.5M318.4M
2012234.6M243.2M254.6M266.3M
2011213.1M216.7M220.7M227.2M
2010205.1M206.7M208.2M209.7M
2009000203.6M
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Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224


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Russell 2000 Index
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Very Cheap Stocks
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Tracking the Latest Insider Buys and Sells of CubeSmart

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
May 03, 2024
keaton joel d
back to issuer
-2,399,730
41.7912
-57,422
coo
May 03, 2024
keaton joel d
acquired
1,597,530
27.8208
57,422
coo
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
keaton joel d
acquired
431,148
24.0435
17,932
coo
Jan 01, 2024
keaton joel d
sold (taxes)
-277,219
46.35
-5,981
coo
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
schulte jennifer
sold (taxes)
-120,417
46.35
-2,598
chief human resources officer

1–10 of 50

Which funds bought or sold CUBE recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
May 16, 2024
JANE STREET GROUP, LLC
reduced
-54.12
-1,751,150
1,419,000
-%
May 16, 2024
Beacon Capital Management, LLC
unchanged
-
42.00
271
-%
May 16, 2024
Ancora Advisors LLC
unchanged
-
-226
9,044
-%
May 16, 2024
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM
reduced
-5.27
-834,205
10,175,400
0.01%
May 16, 2024
VISTA INVESTMENT PARTNERS LLC
reduced
-34.61
-174,165
306,953
0.10%
May 16, 2024
Tidal Investments LLC
added
32.6
917,214
4,040,040
0.07%
May 16, 2024
Wiser Advisor Group LLC
added
0.95
-388
28,837
0.04%
May 15, 2024
Virtus ETF Advisers LLC
reduced
-24.03
-62,452
178,800
0.10%
May 15, 2024
COHEN & STEERS, INC.
sold off
-100
-1,000
-
-%
May 15, 2024
CAPITAL FUND MANAGEMENT S.A.
sold off
-100
-8,627,220
-
-%

1–10 of 46

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 FiledName of FilerPercent of ClassNo. of SharesForm 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
May 08, 2024
8-K
Current Report
May 06, 2024
4
Insider Trading
May 06, 2024
8-K
Current Report
May 03, 2024
144
Notice of Insider Sale Intent
Apr 26, 2024
10-Q
Quarterly Report
Apr 26, 2024
8-K
Current Report
Apr 15, 2024
4
Insider Trading
Apr 15, 2024
4
Insider Trading
Apr 15, 2024
4
Insider Trading
Apr 05, 2024
ARS
ARS

Peers (Alternatives to CubeSmart)

NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
90.9B
11.2B
13.13% 1.87%
46.04
8.11
3.63% 50.79%
44.7B
6.8B
10.57% -9.74%
32.06
6.53
-2.39% -16.60%
28.3B
2.8B
9.91% 13.04%
29.6
10.08
5.72% -6.47%
21.7B
3.0B
6.63% 6.21%
110.61
7.35
10.44% -73.79%
13.5B
-
6.12% 9.11%
31.9
8.3
8.93% 11.87%
11.3B
1.4B
6.30% 4.57%
30.12
8.22
10.48% -2.93%
9.9B
3.3B
9.08% 28.09%
51.64
3
4.82% -75.15%
MID-CAP
8.5B
1.2B
5.40% 14.57%
35.59
7.38
5.48% -38.69%
3.4B
892.3M
6.62% 140.10%
-6.71
3.85
-5.33% -307.54%
3.4B
878.0M
1.11% 67.10%
-9.8
3.82
2.35% -290.60%
SMALL-CAP
1.4B
444.1M
12.17% 21.82%
20.36
3.15
3.54% 8.91%
1.2B
198.2M
6.70% -0.84%
-7.55
6.02
-43.33% -308.08%
1.1B
650.2M
7.51% 2.13%
36.77
1.73
27.93% 140.31%
572.0M
285.4M
-8.06% -36.92%
-4.15
2
11.05% 83.70%
459.4M
277.2M
15.74% -12.95%
-56.03
1.66
25.89% 94.64%

CubeSmart News

Latest updates
MSN34 hours ago
Yahoo New Zealand News44 hours ago
Defense World16 May 202409:13 am
Yahoo Lifestyle UK16 May 202412:01 am
Defense World12 May 202410:52 am

CubeSmart Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)
(In Millions)
Income Statement (Quarterly)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2024Q12023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q1
Revenue-1.4%261265268261257261261249239222213199189179173164164166167159153
Cost Of Revenue8.1%77.0071.0078.0075.0071.0072.0077.0073.0071.0063.0064.0064.0061.0055.0057.0055.0056.0055.0053.0050.0051.00
Costs and Expenses5.6%14313614214013615517016616814513212912610510510510710510710199.00
  S&GA Expenses11.8%16.0014.0014.0014.0015.0013.0013.0014.0015.0013.0012.0012.0011.0011.0010.0010.0010.0010.0010.0010.009.00
Interest Expenses107.6%32.0015.0032.0016.0032.0017.0034.0016.0025.0016.0025.0015.0024.0018.0025.0014.0024.0016.0020.0018.0016.00
Net Income-16.2%95.0011310398.0098.0082.0011359.0038.0047.0091.0050.0043.0043.0047.0039.0038.0043.0043.0050.0036.00
Net Income Margin-1.2%0.39*0.39*0.36*0.38*0.34*0.29*0.26*0.25*0.26*0.28*0.29*0.25*---------
Free Cashflow2.8%150146168161136145162154131106126119---------
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2024Q12023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q1
Assets-0.3%6,2096,2256,2336,2816,2916,3266,3716,4296,4626,5484,8364,7714,7544,7784,0294,0244,0034,0303,9503,9473,814
    Cash Equivalents-14.4%6.007.008.009.009.009.008.008.0010.0013.0060.006.006.006.007.006.006.0058.0013.0015.007.00
Liabilities0.1%3,3473,3443,3603,4023,4043,4283,4473,5263,5223,5502,5512,5742,5902,6882,2152,2042,1592,1602,0642,1052,045
Shareholder's Equity-0.6%2,7822,7992,8072,8162,8222,8402,8662,8402,8632,8901,9461,8601,8861,8411,7441,7691,7901,8071,8221,7801,709
  Retained Earnings-1.4%-1,364-1,345-1,332-1,333-1,322-1,301-1,271-1,291-1,266-1,218-1,113-1,116-1,033-974-947-920-894-876-860-838-823
  Additional Paid-In Capital0.1%4,1454,1424,1374,1334,1294,1254,1224,1144,1124,0883,0382,9622,9102,8062,6832,6802,6762,6752,6732,6112,520
Shares Outstanding0.0%225225225225225225225224224204201201---------
Minority Interest-0.1%22.0022.0014.0014.0014.0014.0014.0016.0016.0019.0020.0014.009.009.008.008.008.008.008.006.0011.00
Float----10,006---9,589---9,346---5,229---6,408-
Cashflow (Last 12 Months)
(In Thousands)
Cashflow (Quarterly)
(In Thousands)
Description(%) Q/Q2024Q12023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q1
Cashflow From Operations2.8%150,150146,001168,364160,065136,706144,970162,192153,569130,735106,245125,582119,17698,18283,20279,316107,56680,94971,91682,588101,80675,458
  Share Based Compensation10.6%2,8292,5592,5452,4492,5362,2772,2992,3122,1932,0212,0242,0012,0421,7661,7711,7321,8711,7041,6761,6951,619
Cashflow From Investing12.2%-34,220-38,991-9,687-19,580-25,560-17,54618,854-40,987-9,088-1,722,719-41,979-67,438-20,532-350,994-35,922-89,741-34,784-70,390-54,431-171,810-79,033
Cashflow From Financing-7.2%-116,534-108,693-159,922-138,122-111,289-126,703-180,946-114,941-124,5021,569,722-29,760-51,503-77,887267,303-43,068-49,912-66,12744,067-30,69278,8463,634
  Dividend Payments4.2%115,253110,616110,586110,520110,49596,86896,81996,81496,60569,31768,80068,35467,36864,09364,08664,03864,03662,04861,43260,37460,005
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CUBE Income Statement

2024-03-31
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
REVENUES  
Rental income$ 225,190$ 223,584
Total revenues261,406256,528
OPERATING EXPENSES  
Property operating expenses77,03771,127
Depreciation and amortization50,71750,329
General and administrative15,62514,674
Total operating expenses143,379136,130
Interest:  
Interest expense on loans(22,919)(23,691)
Loan procurement amortization expense(1,030)(1,040)
Equity in earnings of real estate ventures8452,551
Other(65)(276)
Total other (expense) income(23,169)(22,456)
NET INCOME94,85897,942
NET (INCOME) LOSS ATTRIBUTABLE TO NONCONTROLLING INTERESTS  
Net income attributable to noncontrolling interests in the Operating Partnership(541)(614)
Net loss attributable to noncontrolling interests in subsidiaries210238
NET INCOME ATTRIBUTABLE TO THE COMPANY'S COMMON SHAREHOLDERS$ 94,527$ 97,566
Basic earnings per share attributable to common shareholders (in dollars per share)$ 0.42$ 0.43
Diluted earnings per share attributable to common shareholders (in dollars per share)$ 0.42$ 0.43
Weighted average basic shares outstanding (in shares)225,767225,294
Weighted average diluted shares outstanding (in shares)226,575226,183
Other Property Related Income  
REVENUES  
Property related income$ 26,316$ 24,384
Property Management Fee Income  
REVENUES  
Property related income$ 9,900$ 8,560

CUBE Balance Sheet

2024-03-31
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
ASSETS  
Storage properties$ 7,397,588$ 7,367,613
Less: Accumulated depreciation(1,458,854)(1,416,377)
Storage properties, net5,938,7345,951,236
Cash and cash equivalents5,5876,526
Restricted cash2,0261,691
Loan procurement costs, net of amortization3,6813,995
Investment in real estate ventures, at equity96,22798,288
Other assets, net162,633163,284
Total assets6,208,8886,225,020
LIABILITIES AND EQUITY  
Unsecured senior notes, net2,777,5252,776,490
Revolving credit facility18,40018,100
Mortgage loans and notes payable, net127,239128,186
Lease liabilities - finance leases65,69965,714
Accounts payable, accrued expenses and other liabilities202,800201,419
Distributions payable115,918115,820
Deferred revenue39,26838,483
Total liabilities3,346,8493,344,212
Noncontrolling interests in the Operating Partnership58,25360,276
Commitments and contingencies
Equity  
Common shares $.01 par value, 400,000,000 shares authorized, 224,965,172 and 224,921,053 shares issued and outstanding at March 31, 2024, and December 31, 2023, respectively2,2502,249
Additional paid-in capital4,144,9724,142,229
Accumulated other comprehensive loss(391)(411)
Accumulated deficit(1,364,723)(1,345,239)
Total CubeSmart shareholders' equity2,782,1082,798,828
Noncontrolling interests in subsidiaries21,67821,704
Total equity2,803,7862,820,532
Total liabilities and equity$ 6,208,888$ 6,225,020
CUBE
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
 WEBSITEcubesmart.com
 INDUSTRYREIT Mortgage
 EMPLOYEES2804

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 Fri May 17 2024, market cap of CubeSmart is 9.98 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 Fri May 17 2024, CUBE's PE ratio (Price to Earnings) is 24.38 and Price to Sales (PS) ratio is 9.46. 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 0.129 (multiply by 100 for percentage) rate of return.