Last 7 days
-3.3%
Last 30 days
3.1%
Last 90 days
10.9%
Trailing 12 Months
-7.9%
Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
---|---|---|---|---|---|---|---|---|
LARGE-CAP | ||||||||
PSA | 50.2B | 4.2B | -1.95% | -19.53% | 11.55 | 12.01 | 22.43% | 122.66% |
DLR | 27.5B | 4.7B | -11.51% | -30.78% | 72.75 | 5.86 | 5.96% | -77.90% |
EQR | 21.2B | 2.7B | -12.90% | -34.85% | 27.27 | 7.81 | 11.91% | -41.71% |
ARE | 20.5B | 2.6B | -23.09% | -36.12% | 39.23 | 7.91 | 22.46% | -8.68% |
KIM | 13.2B | 1.7B | -4.07% | -25.83% | 104.43 | 7.61 | 26.61% | -85.07% |
MID-CAP | ||||||||
FRT | 7.5B | 1.1B | -12.78% | -19.56% | 19.52 | 7 | 12.95% | 47.42% |
KRG | 4.3B | 802.0M | -9.18% | -8.49% | -338.08 | 5.33 | 114.83% | 84.36% |
VNO | 2.6B | 1.8B | -34.87% | -68.35% | -7.52 | 1.45 | 13.26% | -296.88% |
MAC | 2.0B | 859.2M | -22.66% | -32.73% | -30.92 | 2.38 | 1.38% | -563.21% |
SMALL-CAP | ||||||||
SKT | 2.0B | 421.4M | 1.35% | 15.46% | 23.02 | 4.64 | 3.35% | 1705.32% |
SLG | 1.3B | 826.7M | -42.91% | -73.34% | -17.18 | 1.62 | -2.04% | -117.36% |
AIV | 1.0B | 190.3M | -3.26% | -2.73% | 11.34 | 5.49 | 12.08% | 1950.56% |
PGRE | 909.5M | 740.4M | -23.50% | -61.25% | -24.99 | 1.23 | 1.87% | -78.85% |
Income Statement (Last 12 Months) | (In Millions) | |||||
---|---|---|---|---|---|---|
Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
Revenue | 4.0% | 1,010 | 971 | 922 | 872 | 823 |
Cost Of Revenue | 3.3% | 293 | 284 | 271 | 261 | 252 |
S&GA Expenses | -0.5% | 55.00 | 55.00 | 54.00 | 51.00 | 48.00 |
Costs and Expenses | 1.6% | 658 | 648 | 610 | 574 | 532 |
Interest Expenses | 1.7% | 92.00 | 91.00 | 81.00 | 80.00 | 79.00 |
Net Income | 13.9% | 292 | 257 | 234 | 226 | 231 |
Net Income Margin | 9.5% | 0.29* | 0.26* | 0.25* | 0.26* | - |
Free Cahsflow | 7.0% | 591 | 553 | 516 | 482 | - |
Balance Sheet | (In Millions) | |||||
---|---|---|---|---|---|---|
Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
Assets | -0.7% | 6,326 | 6,371 | 6,429 | 6,462 | 6,548 |
Cash Equivalents | 17.0% | 6.00 | 5.00 | 5.00 | 8.00 | 11.00 |
Liabilities | -0.5% | 3,428 | 3,447 | 3,526 | 3,522 | 3,550 |
Shareholder's Equity | -0.9% | 2,826 | 2,852 | 2,840 | 2,863 | 2,872 |
Retained Earnings | -2.3% | -1,301 | -1,271 | -1,291 | -1,266 | -1,218 |
Additional Paid-In Capital | 0.1% | 4,125 | 4,122 | 4,114 | 4,112 | 4,088 |
Shares Outstanding | 0.0% | 225 | 225 | 224 | 224 | 224 |
Minority Interest | 0.5% | 14.00 | 14.00 | 16.00 | 16.00 | 19.00 |
Cashflow (Last 12 Months) | (In Millions) | |||||
---|---|---|---|---|---|---|
Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
Cashflow From Operations | 7.0% | 591 | 553 | 516 | 482 | 449 |
Share Based Compensation | 2.9% | 9.00 | 9.00 | 9.00 | 8.00 | 8.00 |
Cashflow From Investing | 97.2% | -48.77 | -1,753 | -1,814 | -1,841 | -1,852 |
Cashflow From Financing | -147.6% | -547 | 1,149 | 1,301 | 1,364 | 1,411 |
Dividend Payments | 7.7% | 387 | 360 | 332 | 303 | 274 |
37.7%
23.9%
0%
Y-axis is the maximum loss one would have experienced if CubeSmart was unfortunately bought at previous high price.
14.9%
8.9%
14.9%
29.8%
FIve years rolling returns for CubeSmart.
Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
---|---|---|---|---|---|---|
2023-03-10 | VICTORY CAPITAL MANAGEMENT INC | reduced | -0.04 | 4,670 | 1,099,670 | -% |
2023-03-06 | Rockefeller Capital Management L.P. | added | 1.31 | 1,000 | 58,000 | -% |
2023-02-28 | Voya Investment Management LLC | added | 454 | 5,371,580 | 6,546,580 | 0.01% |
2023-02-24 | NATIXIS | new | - | 4,894,400 | 4,894,400 | 0.03% |
2023-02-22 | CVA Family Office, LLC | new | - | 201 | 201 | -% |
2023-02-22 | TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY | new | - | 1,137,000 | 1,137,000 | 0.01% |
2023-02-21 | NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO | reduced | -5.15 | -920 | 17,080 | -% |
2023-02-21 | NORTHWESTERN MUTUAL INVESTMENT MANAGEMENT COMPANY, LLC | new | - | 836,516 | 836,516 | 0.02% |
2023-02-21 | MACQUARIE GROUP LTD | added | 17.71 | 689,002 | 4,999,000 | 0.01% |
2023-02-21 | CENTERSQUARE INVESTMENT MANAGEMENT LLC | added | 676 | 43,255,800 | 49,617,800 | 0.58% |
Date Filed | Name of Filer | Percent of Class | No. of Shares | Form 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 |
Fair Value | Very Pessimistic | Pessimistic | Base Case | Optimistic | Very Optimistic |
---|---|---|---|---|---|
Very Low Inflation | 23.59 -48.15% | 28.79 -36.73% | 39.01 -14.26% | 52.48 15.34% | 64.37 41.47% |
Current Inflation | 21.71 -52.29% | 26.11 -42.62% | 34.67 -23.80% | 45.90 0.88% | 55.76 22.55% |
Very High Inflation | 19.42 -57.32% | 22.88 -49.71% | 29.57 -35.01% | 38.31 -15.80% | 45.94 0.97% |
Date Filed | Form Type | Document | |
---|---|---|---|
Mar 17, 2023 | 3 | Insider Trading | |
Mar 17, 2023 | 3 | Insider Trading | |
Mar 17, 2023 | 8-K | Current Report | |
Mar 07, 2023 | 4 | Insider Trading | |
Mar 03, 2023 | 424B5 | Prospectus Filed | |
Mar 03, 2023 | 8-K | Current Report | |
Mar 03, 2023 | 8-K | Current Report | |
Mar 03, 2023 | S-3ASR | S-3ASR | |
Feb 24, 2023 | 10-K | Annual Report | |
Feb 24, 2023 | 8-K | Current Report |
Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
---|---|---|---|---|---|---|
2023-03-03 | MARR CHRISTOPHER P | sold | -918,270 | 48.33 | -19,000 | ceo |
2023-03-03 | MARR CHRISTOPHER P | acquired | 297,730 | 15.67 | 19,000 | ceo |
2023-01-01 | Keaton Joel D | sold (taxes) | -27,450 | 40.25 | -682 | coo |
2023-01-01 | MARR CHRISTOPHER P | acquired | 2,441,930 | 25.8069 | 94,623 | ceo |
2023-01-01 | Foster Jeffrey P | acquired | 351,463 | 24.9 | 14,115 | clo & secretary |
2023-01-01 | Keaton Joel D | acquired | 369,978 | 21.4269 | 17,267 | coo |
2023-01-01 | MARTIN TIMOTHY M | acquired | 614,175 | 21.8606 | 28,095 | cfo |
2022-10-25 | Chin Jit Kee | acquired | - | - | 1,249 | - |
2022-05-17 | Lynch Jair K | acquired | - | - | 2,032 | - |
2022-05-17 | FAIN JOHN W | acquired | - | - | 2,438 | - |
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands | 12 Months Ended | ||
---|---|---|---|
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
REVENUES | |||
Rental income | $ 879,289 | $ 707,751 | $ 581,009 |
Total revenues | 1,009,624 | 822,564 | 679,177 |
OPERATING EXPENSES | |||
Property operating expenses | 293,260 | 252,104 | 223,634 |
Depreciation and amortization | 310,610 | 232,049 | 156,573 |
General and administrative | 54,623 | 47,809 | 41,423 |
Total operating expenses | 658,493 | 531,962 | 421,630 |
Interest: | |||
Interest expense on loans | (93,284) | (78,448) | (75,890) |
Loan procurement amortization expense | (3,897) | (8,168) | (2,674) |
Loss on early extinguishment of debt | (20,328) | (18,020) | |
Equity in earnings of real estate ventures | 48,877 | 25,275 | 178 |
Gains from sales of real estate, net | 32,698 | 6,710 | |
Other | (10,355) | (10,818) | (240) |
Total other expense | (58,659) | (59,789) | (89,936) |
NET INCOME | 292,472 | 230,813 | 167,611 |
NET (INCOME) LOSS ATTRIBUTABLE TO NONCONTROLLING INTERESTS | |||
Noncontrolling interests in the Operating Partnership | (1,931) | (7,873) | (1,825) |
Noncontrolling interest in subsidiaries | 722 | 542 | (165) |
NET INCOME ATTRIBUTABLE TO THE COMPANY'S COMMON SHAREHOLDERS | $ 291,263 | $ 223,482 | $ 165,621 |
Basic earnings per share attributable to common shareholders (in dollars per share) | $ 1.29 | $ 1.10 | $ 0.85 |
Diluted earnings per share attributable to common shareholders (in dollars per share) | $ 1.29 | $ 1.09 | $ 0.85 |
Weighted average basic shares outstanding (in shares) | 224,928 | 203,832 | 194,147 |
Weighted average diluted shares outstanding (in shares) | 225,881 | 205,009 | 194,943 |
Other Property Related Income | |||
REVENUES | |||
Property related income | $ 96,166 | $ 83,605 | $ 70,723 |
Property Management Fee Income | |||
REVENUES | |||
Property related income | $ 34,169 | $ 31,208 | $ 27,445 |
CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
---|---|---|
ASSETS | ||
Storage properties | $ 7,295,778 | $ 7,183,494 |
Less: Accumulated depreciation | (1,247,775) | (1,085,824) |
Storage properties, net (including VIE assets of $167,180 and $149,467, respectively) | 6,048,003 | 6,097,670 |
Cash and cash equivalents | 6,064 | 11,140 |
Restricted cash | 2,861 | 2,178 |
Loan procurement costs, net of amortization | 5,182 | 2,322 |
Investment in real estate ventures, at equity | 105,993 | 119,751 |
Assets held for sale | 3,745 | 49,313 |
Other assets, net | 153,982 | 265,705 |
Total assets | 6,325,830 | 6,548,079 |
LIABILITIES AND EQUITY | ||
Unsecured senior notes, net | 2,772,350 | 2,768,209 |
Revolving credit facility | 60,900 | 209,900 |
Mortgage loans and notes payable, net | 162,918 | 167,676 |
Lease liabilities - finance leases | 65,758 | 65,801 |
Accounts payable, accrued expenses and other liabilities | 213,297 | 199,985 |
Distributions payable | 111,190 | 97,417 |
Deferred revenue | 38,757 | 37,144 |
Security deposits | 1,087 | 1,065 |
Liabilities held for sale | 1,773 | 2,502 |
Total liabilities | 3,428,030 | 3,549,699 |
Noncontrolling interests in the Operating Partnership | 57,419 | 108,220 |
Commitments and contingencies | ||
Equity | ||
Common shares $.01 par value, 400,000,000 shares authorized, 224,603,462 and 223,917,993 shares issued and outstanding at December 31, 2022, and 2021, respectively | 2,246 | 2,239 |
Additional paid-in capital | 4,125,478 | 4,088,392 |
Accumulated other comprehensive loss | (491) | (570) |
Accumulated deficit | (1,301,030) | (1,218,498) |
Total CubeSmart shareholders' equity | 2,826,203 | 2,871,563 |
Noncontrolling interests in subsidiaries | 14,178 | 18,597 |
Total equity | 2,840,381 | 2,890,160 |
Total liabilities and equity | $ 6,325,830 | $ 6,548,079 |