CUBE - CubeSmart Stock Price, Fair Value and News

41.63USD-0.64 (-1.51%)Delayed as of 08 May 2024, 02:06 pm ET

Market Summary

USD41.63-0.64

Delayedas of 08 May 2024, 02:06 pm

-1.51%

CUBE Stock Price

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CUBE RSI Chart

CUBE Valuation

Market Cap

9.5B

Price/Earnings (Trailing)

23.23

Price/Sales (Trailing)

9.01

Price/Free Cashflow

15.23

CUBE Price/Sales (Trailing)

CUBE Profitability

Operating Margin

71.50%

Return on Equity

14.6%

Return on Assets

6.59%

Free Cashflow Yield

6.57%

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

52 Week Range

36.5246.86

(Low)(High)

Last 7 days

4.5%

Last 30 days

-6.4%

Last 90 days

-3.5%

Trailing 12 Months

-8.9%

How does CUBE drawdown profile look like?

CUBE Financial Health

CUBE Investor Care

Dividend Yield

4.73%

Dividend/Share (TTM)

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

Year	Q1	Q2	Q3	Q4
2024	1.1B	0	0	0
2023	1.0B	1.0B	1.0B	1.1B
2022	872.3M	921.7M	970.5M	1.0B
2021	703.9M	739.4M	779.4M	822.6M
2020	655.2M	659.9M	665.9M	679.2M
2019	607.9M	619.1M	632.3M	643.9M
2018	568.8M	578.0M	587.5M	597.9M
2017	524.2M	536.2M	548.0M	558.9M
2016	459.7M	476.4M	492.5M	510.0M
2015	393.4M	410.9M	429.8M	444.5M
2014	331.0M	345.1M	359.7M	377.0M
2013	280.4M	295.1M	308.5M	318.4M
2012	234.6M	243.2M	254.6M	266.3M
2011	213.1M	216.7M	220.7M	227.2M
2010	205.1M	206.7M	208.2M	209.7M
2009	0	0	0	203.6M

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

GRUFITY'S FAIR VALUE MODEL

Stocks Marked 'Very Cheap' by Grufity's Fair Value Model Have Outperformed Russell 2000 Index

Small Caps and Mid Caps are mostly overlooked by investors as all the focus goes to Magnificent 7. These stocks that are not part of the beauty contest require a deeper look. However, all large cap stocks were once small caps. Grufity's Fair Value model opens up this unverse as it separates high-performing, rewarding stocks from low-performing risky stocks. <b>Russell 2000 stocks that were marked 'Very Cheap' by the model doubled in three years while the index was flat.</b>

Returns of $10,000 invested in:

Very Cheap Stocks: $21,859
Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224

Russell 2000 stocks considered 'Very Cheap' by the model greatly outperformed Russell 2000 index and the 'Very Expensive' bucket over past three years.

Russell 2000 Index

Very Expensive Stocks

Very Cheap Stocks

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Tracking the Latest Insider Buys and Sells of CubeSmart

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
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

Which funds bought or sold CUBE recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 06, 2024	Integrated Advisors Network LLC	reduced	-20.5	-115,162	398,071	0.02%
May 06, 2024	Quantbot Technologies LP	sold off	-100	-293,627	-	-%
May 06, 2024	Advisory Services Network, LLC	reduced	-17.03	-52,951	224,939	-%
May 06, 2024	TEACHER RETIREMENT SYSTEM OF TEXAS	reduced	-40.32	-1,691,000	2,358,000	0.01%
May 06, 2024	SG Americas Securities, LLC	added	392	2,904,000	3,667,000	0.02%
May 06, 2024	IFG Advisory, LLC	sold off	-100	-401,524	-	-%
May 06, 2024	SouthState Corp	unchanged	-	-339	13,566	-%
May 06, 2024	Metis Global Partners, LLC	added	6.71	28,086	712,305	0.03%
May 06, 2024	HighTower Advisors, LLC	added	0.39	-35,000	1,459,000	-%
May 06, 2024	NEW YORK LIFE INVESTMENT MANAGEMENT LLC	reduced	-2.6	-58,715	1,121,730	0.01%

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 Filed	Name of Filer	Percent of Class	No. of Shares	Form 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 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	DEFA14A	DEFA14A
Apr 05, 2024	ARS	ARS

Peers (Alternatives to CubeSmart)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
AMT	84.7B	11.2B	-4.62%	-6.12%	42.91	7.56	3.63%	50.79%
CCI	41.8B	6.8B	-4.58%	-17.37%	29.96	6.1	-2.39%	-16.60%
AVB	27.9B	2.8B	8.20%	8.63%	29.16	9.93	5.72%	-6.47%
ARE	20.9B	3.0B	-3.93%	-2.18%	106.61	7.09	10.44%	-73.79%
AMH	13.4B	-	1.39%	3.90%	31.65	8.24	8.93%	11.87%
REG	11.0B	1.4B	1.05%	-0.44%	29.39	8.02	10.48%	-2.93%
BXP	9.6B	3.3B	-0.78%	19.54%	50.23	2.92	5.31%	-77.32%
MID-CAP
FRT	8.5B	1.2B	3.38%	9.20%	35.86	7.43	5.48%	-38.69%
SLG	3.3B	892.3M	-0.89%	140.04%	-6.5	3.73	-5.33%	-307.54%
MAC	3.3B	884.1M	-5.40%	54.41%	-12	3.72	2.90%	-314.82%
SMALL-CAP
AAT	1.3B	444.1M	6.11%	16.74%	19.54	3.02	3.54%	8.91%
AIV	1.2B	198.2M	5.61%	1.35%	-7.62	5.71	-43.33%	-270.70%
MFA	1.1B	650.2M	-3.45%	1.92%	35.5	1.67	27.93%	140.31%
NYMT	562.0M	285.4M	-13.60%	-37.59%	-4.08	1.97	11.05%	83.70%
IVR	442.4M	277.9M	3.16%	-10.49%	-27.9	1.59	44.33%	96.06%

CubeSmart News

Latest updates

CubeSmart Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Income Statement (Quarterly)																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	-1.4%	261	265	268	261	257	261	261	249	239	222	213	199	189	179	173	164	164	166	167	159	153
Cost Of Revenue	8.1%	77.00	71.00	78.00	75.00	71.00	72.00	77.00	73.00	71.00	63.00	64.00	64.00	61.00	55.00	57.00	55.00	56.00	55.00	53.00	50.00	51.00
Costs and Expenses	5.6%	143	136	142	140	136	155	170	166	168	145	132	129	126	105	105	105	107	105	107	101	99.00
S&GA Expenses	11.8%	16.00	14.00	14.00	14.00	15.00	13.00	13.00	14.00	15.00	13.00	12.00	12.00	11.00	11.00	10.00	10.00	10.00	10.00	10.00	10.00	9.00
Interest Expenses	107.6%	32.00	15.00	32.00	16.00	32.00	17.00	34.00	16.00	25.00	16.00	25.00	15.00	24.00	18.00	25.00	14.00	24.00	16.00	20.00	18.00	16.00
Net Income	-16.2%	95.00	113	103	98.00	98.00	82.00	113	59.00	38.00	47.00	91.00	50.00	43.00	43.00	47.00	39.00	38.00	43.00	43.00	50.00	36.00
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 Cashflow	2.8%	150	146	168	161	136	145	162	154	131	106	126	119	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Assets	-0.3%	6,209	6,225	6,233	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
Cash Equivalents	-14.4%	6.00	7.00	8.00	9.00	9.00	9.00	8.00	8.00	10.00	13.00	60.00	6.00	6.00	6.00	7.00	6.00	6.00	58.00	13.00	15.00	7.00
Liabilities	0.1%	3,347	3,344	3,360	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
Shareholder's Equity	-0.6%	2,782	2,799	2,807	2,816	2,822	2,840	2,866	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
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 Capital	0.1%	4,145	4,142	4,137	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
Shares Outstanding	0.0%	225	225	225	225	225	225	225	224	224	204	201	201	-	-	-	-	-	-	-	-	-
Minority Interest	-0.1%	22.00	22.00	14.00	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
Float	-	-	-	-	10,006	-	-	-	9,589	-	-	-	9,346	-	-	-	5,229	-	-	-	6,408	-

Cashflow (Last 12 Months)

(In Thousands)

Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	2.8%	150,150	146,001	168,364	160,065	136,706	144,970	162,192	153,569	130,735	106,245	125,582	119,176	98,182	83,202	79,316	107,566	80,949	71,916	82,588	101,806	75,458
Share Based Compensation	10.6%	2,829	2,559	2,545	2,449	2,536	2,277	2,299	2,312	2,193	2,021	2,024	2,001	2,042	1,766	1,771	1,732	1,871	1,704	1,676	1,695	1,619
Cashflow From Investing	12.2%	-34,220	-38,991	-9,687	-19,580	-25,560	-17,546	18,854	-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	-124,502	1,569,722	-29,760	-51,503	-77,887	267,303	-43,068	-49,912	-66,127	44,067	-30,692	78,846	3,634
Dividend Payments	4.2%	115,253	110,616	110,586	110,520	110,495	96,868	96,819	96,814	96,605	69,317	68,800	68,354	67,368	64,093	64,086	64,038	64,036	62,048	61,432	60,374	60,005

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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 revenues	261,406	256,528
OPERATING EXPENSES
Property operating expenses	77,037	71,127
Depreciation and amortization	50,717	50,329
General and administrative	15,625	14,674
Total operating expenses	143,379	136,130
Interest:
Interest expense on loans	(22,919)	(23,691)
Loan procurement amortization expense	(1,030)	(1,040)
Equity in earnings of real estate ventures	845	2,551
Other	(65)	(276)
Total other (expense) income	(23,169)	(22,456)
NET INCOME	94,858	97,942
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 subsidiaries	210	238
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)	225,767	225,294
Weighted average diluted shares outstanding (in shares)	226,575	226,183
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, net	5,938,734	5,951,236
Cash and cash equivalents	5,587	6,526
Restricted cash	2,026	1,691
Loan procurement costs, net of amortization	3,681	3,995
Investment in real estate ventures, at equity	96,227	98,288
Other assets, net	162,633	163,284
Total assets	6,208,888	6,225,020
LIABILITIES AND EQUITY
Unsecured senior notes, net	2,777,525	2,776,490
Revolving credit facility	18,400	18,100
Mortgage loans and notes payable, net	127,239	128,186
Lease liabilities - finance leases	65,699	65,714
Accounts payable, accrued expenses and other liabilities	202,800	201,419
Distributions payable	115,918	115,820
Deferred revenue	39,268	38,483
Total liabilities	3,346,849	3,344,212
Noncontrolling interests in the Operating Partnership	58,253	60,276
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, respectively	2,250	2,249
Additional paid-in capital	4,144,972	4,142,229
Accumulated other comprehensive loss	(391)	(411)
Accumulated deficit	(1,364,723)	(1,345,239)
Total CubeSmart shareholders' equity	2,782,108	2,798,828
Noncontrolling interests in subsidiaries	21,678	21,704
Total equity	2,803,786	2,820,532
Total liabilities and equity	$ 6,208,888	$ 6,225,020

About CubeSmart

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	Mr. Christopher P. Marr
WEBSITE	cubesmart.com
INDUSTRY	REIT Mortgage
EMPLOYEES	2804

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 Tue May 07 2024, market cap of CubeSmart is 9.51 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 Tue May 07 2024, CUBE's PE ratio (Price to Earnings) is 23.23 and Price to Sales (PS) ratio is 9.01. 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 0.123 (multiply by 100 for percentage) rate of return.