CUBE - CubeSmart Stock

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

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

Latest Insider Trading transactions for CUBE

Filter Transactions

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	-

Which funds bought or sold CUBE recently?

View All Details

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%

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

CUBE Alerts

Big jump in Earnings (Y/Y)

Schedule 13G FIlings of CubeSmart

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

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

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Peers (Alternatives to CubeSmart)

View All Peers In Detail

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%

CubeSmart News

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)

(*) denotes actual numbers (not divided by Millions)
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)

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)

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

CUBE Income Statement

2023-06-30

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

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)	5,989,731	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

CubeSmart Stock Research

Market Summary

CUBE Alerts

CUBE Stock Price

CUBE RSI Chart

CUBE Valuation

CUBE Price/Sales (Trailing)

CUBE Profitability

CUBE Fundamentals

CUBE Revenue

CUBE Earnings

Price Action

52 Week Range

CUBE Financial Health

CUBE Investor Care

Historical Charts for Stock Metrics

Latest Insider Trading transactions for CUBE

Which funds bought or sold CUBE recently?

Latest Funds Activity

CUBE Alerts

Schedule 13G FIlings of CubeSmart

Recent SEC filings of CubeSmart

CUBE Fair Value

Peers (Alternatives to CubeSmart)

CubeSmart News

Returns for CUBE

Cumulative Returns on CUBE

Risks for CUBE

What is the probability of a big loss on CUBE?

How does CUBE drawdown profile look like?

Financials for CubeSmart

Income Statement (Last 12 Months)
(In Millions)

Balance Sheet
(In Millions)

Cashflow (Last 12 Months)
(In Millions)

CUBE Income Statement

CUBE Balance Sheet

About CubeSmart

Market Summary

CUBE Alerts

CUBE Stock Price

CUBE RSI Chart

CUBE Valuation

CUBE Price/Sales (Trailing)

CUBE Profitability

CUBE Fundamentals

CUBE Revenue

CUBE Earnings

Price Action

52 Week Range

CUBE Financial Health

CUBE Investor Care

Historical Charts for Stock Metrics

Latest Insider Trading transactions for CUBE

Which funds bought or sold CUBE recently?

Latest Funds Activity

CUBE Alerts

Schedule 13G FIlings of CubeSmart

Recent SEC filings of CubeSmart

CUBE Fair Value

Peers (Alternatives to CubeSmart)

CubeSmart News

Returns for CUBE

Cumulative Returns on CUBE

Risks for CUBE

What is the probability of a big loss on CUBE?

How does CUBE drawdown profile look like?

Financials for CubeSmart

Income Statement (Last 12 Months).css-zgnqz2{margin:0;font-family:"Roboto","Helvetica","Arial",sans-serif;font-weight:400;font-size:0.75rem;line-height:1.66;letter-spacing:0.03333em;color:#595959;}(In Millions)

Balance Sheet(In Millions)

Cashflow (Last 12 Months)(In Millions)

CUBE Income Statement

CUBE Balance Sheet

About CubeSmart

Income Statement (Last 12 Months)
(In Millions)

Balance Sheet
(In Millions)

Cashflow (Last 12 Months)
(In Millions)