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Real Estate - REIT - Industrial - NYSE - US
$ 48.33
0.835 %
$ 10.9 B
Market Cap
27.15
P/E
1. INTRINSIC VALUE

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 secure storage space for residential and commercial customers. According to the 2020 Self-Storage Almanac, CubeSmart is one of the top three owners and operators of self-storage properties in the United States.[ Read More ]

The intrinsic value of one CUBE stock under the base case scenario is HIDDEN Compared to the current market price of 48.3 USD, CubeSmart is HIDDEN

2. FUNDAMENTAL ANALYSIS

Price Chart CUBE

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FINANCIALS
1.05 B REVENUE
4.03%
703 M OPERATING INCOME
82.27%
411 M NET INCOME
40.44%
611 M OPERATING CASH FLOW
3.33%
-93.8 M INVESTING CASH FLOW
-92.38%
-518 M FINANCING CASH FLOW
5.31%
271 M REVENUE
1.76%
124 M OPERATING INCOME
5.19%
102 M NET INCOME
8.02%
142 M OPERATING CASH FLOW
-17.67%
-19.5 M INVESTING CASH FLOW
10.79%
-88.7 M FINANCING CASH FLOW
41.20%
Balance Sheet Decomposition CubeSmart
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Current Assets 54.4 M
Cash & Short-Term Investments 6.53 M
Receivables 33.2 M
Other Current Assets 14.7 M
Non-Current Assets 6.17 B
Long-Term Investments 98.3 M
PP&E 50.5 M
Other Non-Current Assets 6.02 B
Current Liabilities 374 M
Accounts Payable 151 M
Short-Term Debt 4.72 M
Other Current Liabilities 218 M
Non-Current Liabilities 3.31 B
Long-Term Debt 3.1 B
Other Non-Current Liabilities 206 M
EFFICIENCY
Earnings Waterfall CubeSmart
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Revenue 1.05 B
Cost Of Revenue 496 M
Gross Profit 554 M
Operating Expenses 756 M
Operating Income 703 M
Other Expenses 292 M
Net Income 411 M
RATIOS
52.78% GROSS MARGIN
52.78%
66.94% OPERATING MARGIN
66.94%
39.11% NET MARGIN
39.11%
14.68% ROE
14.68%
6.60% ROA
6.60%
12.29% ROIC
12.29%
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis CubeSmart
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Net Income 411 M
Depreciation & Amortization 205 M
Capital Expenditures 0
Stock-Based Compensation 10.1 M
Change in Working Capital -10.4 M
Others -15.2 M
Free Cash Flow 611 M
3. WALL STREET ANALYSTS ESTIMATES
Wall Street Analysts Price Targets CubeSmart
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Wall Street analysts predict an average 1-year price target for CUBE of $51.1 , with forecasts ranging from a low of $46 to a high of $62 .
CUBE Lowest Price Target Wall Street Target
46 USD -4.82%
CUBE Average Price Target Wall Street Target
51.1 USD 5.78%
CUBE Highest Price Target Wall Street Target
62 USD 28.28%
4. DIVIDEND ANALYSIS
0.95% DIVIDEND YIELD
0.51 USD DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership CubeSmart
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Sold
0-3 MONTHS
884 K USD 2
3-6 MONTHS
7.6 M USD 4
6-9 MONTHS
358 K USD 1
9-12 MONTHS
0 USD 1
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
Date Value Insider Amount Avg Price
2 months ago
Sep 11, 2024
Sell 838 K USD
Schulte Jennifer
Chief Human Resources Officer
- 15942
52.5605 USD
2 months ago
Sep 13, 2024
Sell 46.6 K USD
DeNarie Matthew D
Chief Accounting Officer
- 868
53.64 USD
3 months ago
Aug 14, 2024
Sell 1.51 M USD
MARTIN TIMOTHY M
CFO
- 30765
49.0159 USD
3 months ago
Aug 13, 2024
Sell 1.84 M USD
MARR CHRISTOPHER P
CEO
- 37906
48.66 USD
3 months ago
Aug 07, 2024
Sell 1.79 M USD
MARR CHRISTOPHER P
CEO
- 37000
48.45 USD
3 months ago
Aug 06, 2024
Sell 2.09 M USD
Keaton Joel D
COO
- 43478
47.9748 USD
3 months ago
Aug 05, 2024
Sell 366 K USD
Foster Jeffrey P
CLO & Secretary
- 7739
47.3038 USD
8 months ago
Mar 04, 2024
Sell 358 K USD
Keaton Joel D
COO
- 8026
44.5776 USD
9 months ago
Jan 31, 2024
Sell 0 USD
Schulte Jennifer
Chief Human Resources Officer
- 158.352
0 USD
1 year ago
Jun 07, 2023
Sell 364 K USD
MARR CHRISTOPHER P
CEO
- 8052
45.25 USD
1 year ago
Jun 07, 2023
Sell 637 K USD
MARR CHRISTOPHER P
CEO
- 14005
45.5 USD
1 year ago
Jun 05, 2023
Sell 314 K USD
MARR CHRISTOPHER P
CEO
- 6948
45.25 USD
1 year ago
Jun 05, 2023
Sell 450 K USD
MARR CHRISTOPHER P
CEO
- 10000
45 USD
1 year ago
Jun 05, 2023
Sell 676 K USD
Foster Jeffrey P
CLO & Secretary
- 15000
45.05 USD
1 year ago
May 05, 2023
Sell 1.95 M USD
MARTIN TIMOTHY M
CFO
- 42537
45.8679 USD
1 year ago
Mar 03, 2023
Sell 918 K USD
MARR CHRISTOPHER P
CEO
- 19000
48.33 USD
3 years ago
Aug 19, 2021
Sell 818 K USD
MARTIN TIMOTHY M
CFO
- 16030
51.0303 USD
3 years ago
Aug 18, 2021
Sell 871 K USD
MARTIN TIMOTHY M
CFO
- 17070
51.0368 USD
3 years ago
Aug 20, 2021
Sell 290 K USD
MARR CHRISTOPHER P
CEO
- 5623
51.5204 USD
3 years ago
Aug 16, 2021
Sell 509 K USD
MARR CHRISTOPHER P
CEO
- 10000
50.9013 USD
3 years ago
Aug 18, 2021
Sell 255 K USD
MARR CHRISTOPHER P
CEO
- 5000
51 USD
3 years ago
Aug 02, 2021
Sell 503 K USD
MARR CHRISTOPHER P
CEO
- 10000
50.3 USD
3 years ago
Aug 03, 2021
Sell 502 K USD
MARR CHRISTOPHER P
CEO
- 10000
50.25 USD
3 years ago
Aug 04, 2021
Sell 505 K USD
MARR CHRISTOPHER P
CEO
- 10000
50.5 USD
3 years ago
May 11, 2021
Sell 211 K USD
Keaton Joel D
COO
- 5078
41.5223 USD
3 years ago
May 11, 2021
Sell 417 K USD
Keaton Joel D
COO
- 10054
41.4959 USD
3 years ago
May 03, 2021
Sell 287 K USD
MARR CHRISTOPHER P
CEO
- 6769
42.3709 USD
3 years ago
May 04, 2021
Sell 1.38 M USD
Foster Jeffrey P
CLO & Secretary
- 32869
41.8457 USD
3 years ago
May 03, 2021
Sell 978 K USD
Foster Jeffrey P
CLO & Secretary
- 23364
41.8759 USD
3 years ago
Mar 15, 2021
Sell 385 K USD
MARR CHRISTOPHER P
CEO
- 10000
38.5 USD
3 years ago
Mar 15, 2021
Sell 384 K USD
MARR CHRISTOPHER P
CEO
- 10000
38.4 USD
3 years ago
Mar 15, 2021
Sell 383 K USD
MARR CHRISTOPHER P
CEO
- 10000
38.33 USD
3 years ago
Mar 15, 2021
Sell 1.3 M USD
MARTIN TIMOTHY M
CFO
- 34014
38.3202 USD
3 years ago
Mar 08, 2021
Sell 375 K USD
MARR CHRISTOPHER P
CEO
- 10000
37.5 USD
4 years ago
Nov 10, 2020
Sell 844 K USD
Foster Jeffrey P
Sr. VP - Chief Legal Officer
- 25510
33.0956 USD
4 years ago
Aug 18, 2020
Sell 314 K USD
KELER MARIANNE M
Director
- 10000
31.4488 USD
5 years ago
Aug 30, 2019
Sell 637 K USD
MARTIN TIMOTHY M
CFO
- 17791
35.801 USD
5 years ago
Sep 04, 2019
Sell 1.44 M USD
MARR CHRISTOPHER P
CEO
- 39888
36.2 USD
5 years ago
Sep 03, 2019
Sell 25.2 K USD
MARR CHRISTOPHER P
CEO
- 701
36 USD
5 years ago
Sep 04, 2019
Sell 1.44 M USD
MARR CHRISTOPHER P
CEO
- 40000
36.1 USD
5 years ago
Aug 27, 2019
Sell 1.15 M USD
MARTIN TIMOTHY M
CFO
- 32028
35.7503 USD
5 years ago
May 01, 2019
Sell 648 K USD
MARR CHRISTOPHER P
CEO
- 20000
32.4147 USD
5 years ago
May 01, 2019
Sell 851 K USD
MARR CHRISTOPHER P
CEO
- 26178
32.5049 USD
5 years ago
May 02, 2019
Sell 176 K USD
MARTIN TIMOTHY M
CFO
- 5430
32.5 USD
5 years ago
May 03, 2019
Sell 194 K USD
Foster Jeffrey P
Sr. VP - Chief Legal Officer
- 5958
32.5502 USD
5 years ago
Mar 13, 2019
Sell 1.32 M USD
MARR CHRISTOPHER P
CEO
- 41891
31.51 USD
5 years ago
Mar 14, 2019
Sell 571 K USD
MARR CHRISTOPHER P
CEO
- 18109
31.5063 USD
5 years ago
Mar 15, 2019
Sell 1.9 M USD
MARTIN TIMOTHY M
CFO
- 60207
31.5134 USD
6 years ago
May 07, 2018
Sell 300 K USD
MARR CHRISTOPHER P
CEO
- 10000
30 USD
6 years ago
May 07, 2018
Sell 890 K USD
MARR CHRISTOPHER P
CEO
- 29700
29.95 USD
6 years ago
May 04, 2018
Sell 5.24 M USD
MARR CHRISTOPHER P
CEO
- 175568
29.874 USD
6 years ago
May 08, 2018
Sell 261 K USD
Perry Jonathan L
SVP and CIO
- 8624
30.3124 USD
6 years ago
May 08, 2018
Sell 324 K USD
Perry Jonathan L
SVP and CIO
- 10701
30.3124 USD
6 years ago
May 08, 2018
Sell 352 K USD
Perry Jonathan L
SVP and CIO
- 11601
30.3124 USD
6 years ago
May 08, 2018
Sell 354 K USD
Perry Jonathan L
SVP and CIO
- 11682
30.3124 USD
6 years ago
May 08, 2018
Sell 387 K USD
Perry Jonathan L
SVP and CIO
- 12755
30.3124 USD
6 years ago
May 08, 2018
Sell 466 K USD
Perry Jonathan L
SVP and CIO
- 15385
30.3124 USD
6 years ago
May 07, 2018
Sell 112 K USD
MARTIN TIMOTHY M
CFO
- 3738
29.95 USD
6 years ago
Dec 14, 2017
Sell 2.75 M USD
MARR CHRISTOPHER P
CEO
- 94000
29.26 USD
6 years ago
Dec 15, 2017
Sell 176 K USD
MARR CHRISTOPHER P
CEO
- 6000
29.33 USD
6 years ago
Dec 15, 2017
Sell 1.7 M USD
MARTIN TIMOTHY M
CFO
- 57746
29.4076 USD
6 years ago
Dec 13, 2017
Sell 546 K USD
Perry Jonathan L
SVP and CIO
- 18570
29.3842 USD
6 years ago
Dec 14, 2017
Sell 49.7 K USD
Perry Jonathan L
SVP and CIO
- 1700
29.2515 USD
6 years ago
Dec 12, 2017
Sell 2.2 M USD
MARTIN TIMOTHY M
CFO
- 75000
29.3115 USD
6 years ago
Dec 13, 2017
Sell 247 K USD
MARTIN TIMOTHY M
CFO
- 8409
29.4013 USD
8 years ago
Sep 09, 2016
Sell 80.7 K USD
DIEFENDERFER WILLIAM M III
Director
- 2961
27.2506 USD
8 years ago
Aug 31, 2016
Sell 1.1 M USD
KELER MARIANNE M
Director
- 40000
27.4996 USD
9 years ago
Aug 11, 2015
Sell 593 K USD
MARTIN TIMOTHY M
CFO
- 22596
26.2597 USD
9 years ago
Aug 12, 2015
Sell 718 K USD
MARTIN TIMOTHY M
CFO
- 27404
26.2 USD
9 years ago
Aug 11, 2015
Sell 1.43 M USD
MARTIN TIMOTHY M
CFO
- 54446
26.2597 USD
9 years ago
Aug 10, 2015
Sell 147 K USD
MARTIN TIMOTHY M
CFO
- 5600
26.2029 USD
9 years ago
May 04, 2015
Sell 155 K USD
Foster Jeffrey P
Sr. VP - Chief Legal Officer
- 6619
23.4601 USD
9 years ago
May 04, 2015
Sell 2.41 M USD
Foster Jeffrey P
Sr. VP - Chief Legal Officer
- 101757
23.6515 USD
7. News
A Decisive Realignment U.S. equity markets soared to record highs this week after President-elect Trump scored a surprisingly decisive election victory, including a likely "trifecta" of Republican legislative control in Congress. The outcome sparked powerful moves across global financial markets as investors priced in a combination of domestic-focused and "pro-growth" economic policies but also reflected concern over deficits and immigration policy. Characteristic of the "Trump trade" dynamic, smaller-cap companies led the surge, outperforming mega-cap technology and international-heavy peers. The S&P Small-Cap 600 soared 9%, outpacing 5% gains from the S&P 500. seekingalpha.com - 1 week ago
Pivotal Decisions Ahead of a pivotal week of consequential decisions, U.S. equity markets posted a second-straight week of declines as investors parsed a relatively disappointing slate of employment and inflation data. The pivotal Nonfarm Payrolls report showed that the U.S. economy added just 12k jobs in October - the weakest month since 2020 - with notably weaker trends under the surface. Private employment declined by 28k during the month, fueled by the largest plunge in manufacturing employment since the pandemic shutdown, alongside job declines in retail, transportation, and hospitality. seekingalpha.com - 2 weeks ago
CubeSmart (CUBE) Q3 2024 Earnings Call Transcript CubeSmart (NYSE:CUBE ) Q3 2024 Earnings Conference Call November 1, 2024 11:00 AM ET Company Participants Josh Schutzer – Vice President of Finance Chris Marr – President and Chief Executive Officer Tim Martin – Chief Financial Officer Conference Call Participants Jeffrey Spector – Bank of America Michael Goldsmith – UBS Juan Sanabria – BMO Capital Markets Daniel Tricarico – Scotiabank Nick Joseph – Citi Todd Thomas – KeyBanc Capital Markets Omotayo Okusanya – Deutsche Bank Ki Bin Kim – Truist Mike Mueller – JPMorgan Eric Luebchow – Wells Fargo Brendan Lynch – Barclays Operator Thank you for standing by. My name is John, and I will be your conference operator today. seekingalpha.com - 2 weeks ago
CubeSmart (CUBE) Reports Q3 Earnings: What Key Metrics Have to Say While the top- and bottom-line numbers for CubeSmart (CUBE) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values. zacks.com - 2 weeks ago
CubeSmart (CUBE) Misses Q3 FFO Estimates CubeSmart (CUBE) came out with quarterly funds from operations (FFO) of $0.67 per share, missing the Zacks Consensus Estimate of $0.68 per share. This compares to FFO of $0.68 per share a year ago. zacks.com - 2 weeks ago
CubeSmart Reports Third Quarter 2024 Results MALVERN, Pa., Oct. 31, 2024 (GLOBE NEWSWIRE) -- CubeSmart (NYSE: CUBE) today announced its operating results for the three and nine months ended September 30, 2024. globenewswire.com - 2 weeks ago
Here's Why CubeSmart (CUBE) is Poised for a Turnaround After Losing -10.81% in 4 Weeks CubeSmart (CUBE) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreement among Wall Street analysts in raising earnings estimates could lead to a trend reversal for the stock. zacks.com - 2 weeks ago
Brace For Volatility U.S. equity markets snapped a six-week winning streak, while benchmark interest rates surged to three-month highs as investors braced for a volatile two-week stretch of market-moving events. Another surprisingly solid slate of domestic economic data - highlighted by improved jobless claims and consumer sentiment reports - lifted the U.S. Economic Surprise Index to the highest-level since April. Retreating from record-highs, the S&P 500 finished lower by 1% on the week, declining for just the second time in the past twelve weeks. Rate-sensitive segments and small-caps were laggards. seekingalpha.com - 3 weeks ago
GMRE vs. CUBE: Which Stock Is the Better Value Option? Investors looking for stocks in the REIT and Equity Trust - Other sector might want to consider either Global Medical REIT (GMRE) or CubeSmart (CUBE). But which of these two stocks presents investors with the better value opportunity right now? zacks.com - 1 month ago
Urbanization Fuels CubeSmart's Expansion, But Headwinds Lie Ahead CubeSmart is well-positioned in the self-storage industry, leveraging urbanization and e-commerce trends, but faces short-term challenges with rising costs and flatlining revenue. CubeSmart's strong market presence, strategic expansion, and impressive dividend growth highlight its long-term potential, despite recent financial headwinds and lowered 2024 earnings guidance. Financial performance shows mixed signals: steady demand and high occupancy rates, but same-store revenue growth and NOI are struggling against rising operating expenses. seekingalpha.com - 1 month ago
An October Surprise U.S. equity markets extended gains to a fourth-straight week despite a resurgence in benchmark interest rates after a critical slate of employment data showed surprisingly strong labor market trends. One of several strong employment reports, Nonfarm Payrolls data showed that the U.S. economy added 254k jobs in September - the strongest in six months and well above consensus estimates. Combined with a nearly 10% surge in crude oil prices driven by renewed Middle East tensions, markets reflected a significantly less aggressive Fed rate cut path in the months ahead. seekingalpha.com - 1 month ago
An October Surprise U.S. equity markets extended gains to a fourth-straight week despite a resurgence in benchmark interest rates after a critical slate of employment data showed surprisingly strong labor market trends. One of several strong employment reports, Nonfarm Payrolls data showed that the U.S. economy added 254k jobs in September - the strongest in six months and well above consensus estimates. Combined with a nearly 10% surge in crude oil prices driven by renewed Middle East tensions, markets reflected a significantly less aggressive Fed rate cut path in the months ahead. seekingalpha.com - 1 month ago
CubeSmart Announces the Date of Its Third Quarter 2024 Earnings Release and Conference Call MALVERN, Pa., Oct. 01, 2024 (GLOBE NEWSWIRE) -- CubeSmart (NYSE: CUBE) today announced that the Company will release financial results for the three-month period ended September 30, 2024 after the market close on Thursday, October 31, 2024. An accompanying conference call will be held at 11:00 a.m. ET on Friday, November 1, 2024. globenewswire.com - 1 month ago
8. Profile Summary

CubeSmart CUBE

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COUNTRY US
INDUSTRY REIT - Industrial
MARKET CAP $ 10.9 B
Dividend Yield 0.95%
Description 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 secure storage space for residential and commercial customers. According to the 2020 Self-Storage Almanac, CubeSmart is one of the top three owners and operators of self-storage properties in the United States.
Contact 5 Old Lancaster Road, Malvern, PA, 19355 https://www.cubesmart.com
IPO Date Oct. 22, 2004
Employees 3040
Officers Mr. Daniel Ruble C.F.A. Vice President of Marketing Mr. Joshua Schutzer Vice President of Finance & Head of Investor Relations Mr. Timothy M. Martin Chief Financial Officer & Treasurer Ms. Jennifer L. Schulte Chief Human Resources Officer Mr. Carey Parsons Vice President of Operations Mr. Joel D. Keaton Chief Operating Officer Mr. Matthew D. DeNarie Senior Vice President & Chief Accounting Officer Mr. Guy Middlebrooks Vice President of Third-Party Management Mr. Christopher P. Marr Chief Executive Officer, President & Trustee Mr. Jeffrey P. Foster Senior Vice President, Chief Legal Officer & Secretary