Last 7 days
-4.3%
Last 30 days
-7.4%
Last 90 days
-14.7%
Trailing 12 Months
-3.0%
Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
---|---|---|---|---|---|---|
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 | - |
Datesorted ascending | Fund Name | Type | % 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% |
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 |
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 |
Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
---|---|---|---|---|---|---|---|---|
LARGE-CAP | ||||||||
PSA | 48.1B | 4.4B | -0.64% | -17.74% | 11.24 | 10.95 | 14.80% | 87.79% |
DLR | 37.0B | 5.1B | -1.87% | 22.34% | 86.44 | 7.21 | 13.73% | -68.04% |
EQR | 22.5B | 2.0B | -7.80% | -13.29% | 26.97 | 11.14 | -22.97% | -33.54% |
ARE | 20.0B | 2.7B | -12.53% | -28.88% | 26.64 | 7.46 | 15.16% | 88.51% |
KIM | 11.0B | 1.8B | -5.65% | -5.95% | 27.11 | 6.23 | 6.75% | -42.80% |
MID-CAP | ||||||||
FRT | 7.5B | 1.1B | -5.34% | 2.13% | 19.42 | 6.8 | 8.31% | 38.10% |
KRG | 4.7B | 820.5M | -1.19% | 22.95% | 168.06 | 5.75 | 29.95% | 125.56% |
VNO | 4.2B | 1.8B | 1.04% | -6.78% | -11.4 | 2.33 | 5.60% | -286.96% |
MAC | 2.4B | 866.2M | 1.72% | 45.08% | -27.77 | 2.8 | 0.51% | -335.26% |
SMALL-CAP | ||||||||
SLG | 2.4B | 882.0M | 3.54% | -3.06% | -5.42 | 2.71 | 11.76% | -239.94% |
SKT | 2.4B | 426.3M | 0.49% | 62.35% | 25.13 | 5.58 | 1.38% | 137.97% |
PGRE | 1.0B | 732.3M | -3.12% | -27.53% | -11.88 | 1.38 | -0.03% | -4012.90% |
AIV | 1.0B | 339.3M | -9.64% | -10.56% | -5.72 | 2.98 | 88.48% | -168.70% |
11.7%
8.3%
9.6%
9.4%
46.5%
23.9%
0%
Y-axis is the maximum loss one would have experienced if CubeSmart was unfortunately bought at previous high price.
Income Statement (Last 12 Months) | (In Millions) | |||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
Revenue | 1.2% | 1,040 | 1,028 | 1,010 | 971 | 922 | 872 | 823 | 779 | 739 | 704 | 679 | 666 | 660 | 655 | 644 | 632 | 619 | 608 | 598 | 588 | 578 |
Cost Of Revenue | 0.5% | 295 | 294 | 293 | 284 | 271 | 261 | 252 | 244 | 238 | 229 | 224 | 223 | 219 | 214 | 210 | 205 | 200 | 200 | 197 | 192 | 190 |
Costs and Expenses | -4.3% | 600 | 627 | 658 | 648 | 610 | 574 | 532 | 492 | 465 | 441 | 422 | 422 | 424 | 420 | 412 | 405 | 392 | 384 | 378 | 367 | 365 |
S&GA Expenses | 1.1% | 55.00 | 55.00 | 55.00 | 55.00 | 54.00 | 51.00 | 48.00 | 46.00 | 44.00 | 42.00 | 41.00 | 40.00 | 40.00 | 40.00 | 39.00 | 40.00 | 40.00 | 38.00 | 38.00 | 35.00 | 34.00 |
Interest Expenses | 0.2% | 100 | 100 | 92.00 | 91.00 | 81.00 | 80.00 | 79.00 | 81.00 | 82.00 | 81.00 | 81.00 | 79.00 | 75.00 | 79.00 | 69.00 | 73.00 | 67.00 | 65.00 | 67.00 | 67.00 | 66.00 |
Net Income | 11.3% | 392 | 352 | 292 | 257 | 234 | 226 | 231 | 227 | 184 | 173 | 168 | 167 | 162 | 173 | 171 | 177 | 178 | 166 | 165 | 156 | 150 |
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% | - | 596 | 591 | 553 | 516 | 482 | 449 | 426 | 380 | 250 | 233 | 221 | 225 | 219 | 213 | - | - | - | - | - | - |
Balance Sheet | (In Millions) | |||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
Assets | -0.2% | 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 | 3,640 | 3,585 |
Cash Equivalents | 67.3% | 9.00 | 6.00 | 6.00 | 5.00 | 8.00 | 10.00 | 13.00 | 60.00 | 6.00 | 6.00 | 6.00 | 7.00 | 3.00 | 6.00 | 58.00 | 13.00 | 15.00 | 7.00 | 6.00 | 6.00 | 10.00 |
Liabilities | 0.0% | 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 | 1,880 | 1,827 |
Shareholder's Equity | -0.7% | 2,801 | 2,822 | 2,826 | 2,852 | 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 | 1,702 | 1,693 |
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 Capital | 0.1% | 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 | 2,473 | 2,459 |
Shares Outstanding | 0.1% | 225 | 225 | 225 | 225 | 224 | 224 | 224 | 202 | 201 | 199 | 197 | 194 | 194 | 194 | 194 | 193 | 190 | 187 | 187 | 186 | 184 |
Minority Interest | 3.8% | 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 | 7.00 | 7.00 |
Cashflow (Last 12 Months) | (In Millions) | |||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
Cashflow From Operations | 1.3% | 604 | 596 | 591 | 553 | 516 | 482 | 449 | 426 | 380 | 368 | 351 | 340 | 343 | 337 | 332 | 330 | 326 | 314 | 304 | 303 | 301 |
Share Based Compensation | 1.5% | 10.00 | 9.00 | 9.00 | 9.00 | 9.00 | 8.00 | 8.00 | 8.00 | 8.00 | 7.00 | 7.00 | 7.00 | 7.00 | 7.00 | 7.00 | 6.00 | 6.00 | 6.00 | 6.00 | 6.00 | 6.00 |
Cashflow From Investing | 31.6% | -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 | -547 | 1,149 | 1,301 | 1,364 | 1,411 | 108 | 95.00 | 96.00 | 108 | -115 | -102 | 26.00 | 96.00 | 119 | 152 | 28.00 | 15.00 | -55.58 | -101 |
Dividend Payments | 3.4% | 415 | 401 | 387 | 360 | 332 | 303 | 274 | 269 | 264 | 260 | 256 | 254 | 252 | 248 | 244 | 238 | 232 | 227 | 221 | 214 | 207 |
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands | 3 Months Ended | 6 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 revenues | 260,805 | 248,664 | 517,333 | 487,229 |
OPERATING EXPENSES | ||||
Property operating expenses | 74,821 | 73,472 | 145,948 | 144,039 |
Depreciation and amortization | 50,358 | 79,046 | 100,687 | 161,603 |
General and administrative | 14,325 | 13,725 | 28,999 | 28,250 |
Total operating expenses | 139,504 | 166,243 | 275,634 | 333,892 |
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 ventures | 790 | 680 | 3,341 | 974 |
Other | 777 | (493) | 501 | (9,656) |
Total other expense | (23,018) | (23,827) | (45,474) | (56,477) |
NET INCOME | 98,283 | 58,594 | 196,225 | 96,860 |
NET (INCOME) LOSS ATTRIBUTABLE TO NONCONTROLLING INTERESTS | ||||
Noncontrolling interests in the Operating Partnership | (616) | (379) | (1,230) | (671) |
Noncontrolling interest in subsidiaries | 212 | 143 | 450 | 324 |
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) | 225,388 | 224,960 | 225,342 | 224,812 |
Weighted average diluted shares outstanding (in shares) | 226,275 | 225,895 | 226,238 | 225,820 |
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 |
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) | 5,989,731 | 6,048,003 |
Cash and cash equivalents | 9,220 | 6,064 |
Restricted cash | 1,925 | 2,861 |
Loan procurement costs, net of amortization | 4,591 | 5,182 |
Investment in real estate ventures, at equity | 101,482 | 105,993 |
Assets held for sale | 2,063 | 3,745 |
Other assets, net | 172,137 | 153,982 |
Total assets | 6,281,149 | 6,325,830 |
LIABILITIES AND EQUITY | ||
Unsecured senior notes, net | 2,774,420 | 2,772,350 |
Revolving credit facility | 63,200 | 60,900 |
Mortgage loans and notes payable, net | 130,070 | 162,918 |
Lease liabilities - finance leases | 65,727 | 65,758 |
Accounts payable, accrued expenses and other liabilities | 214,733 | 213,297 |
Distributions payable | 111,280 | 111,190 |
Deferred revenue | 40,245 | 38,757 |
Security deposits | 1,086 | 1,087 |
Liabilities held for sale | 1,402 | 1,773 |
Total liabilities | 3,402,163 | 3,428,030 |
Noncontrolling interests in the Operating Partnership | 63,352 | 57,419 |
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, respectively | 2,248 | 2,246 |
Additional paid-in capital | 4,132,621 | 4,125,478 |
Accumulated other comprehensive loss | (451) | (491) |
Accumulated deficit | (1,333,148) | (1,301,030) |
Total CubeSmart shareholders' equity | 2,801,270 | 2,826,203 |
Noncontrolling interests in subsidiaries | 14,364 | 14,178 |
Total equity | 2,815,634 | 2,840,381 |
Total liabilities and equity | $ 6,281,149 | $ 6,325,830 |