YOLFTbeta
CubeSmart

CubeSmart

CUBE · NYSE · Real Estate / REIT - Industrial

44.91USD-0.09 (-0.20%)

Price History

Full chart

Market Stats

Previous Close45.00
Open45.28
Day Range44.89 – 45.37
52-Week Range33.77 – 43.26
Volume1.24M
Market Cap8.56B
P/E (TTM)25.73
Forward P/E24.45
EPS1.47
Dividend Yield5.64%
Beta1.05
50-Day Avg40.64
200-Day Avg39.28

About

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 2026 Self-Storage Almanac, CubeSmart is one of the top three owners and operators of self-storage properties in the United States. CubeSmart was incorporated in 2004 in Maryland and is based in Malvern, Pennsylvania.

Company Details

  • SectorReal Estate
  • IndustryREIT - Industrial
  • CEOMr. Christopher P. Marr
  • Employees3.12K
  • Headquarters5 Old Lancaster Road, Malvern, PA, United States, 19355-2132, USA
  • Websitehttps://www.cubesmart.com

Leadership

  • Mr. Christopher P. MarrCEO, President & Trustee · b. 1965
  • Mr. Timothy M. MartinCFO & Treasurer · b. 1971
  • Mr. Jeffrey P. FosterSenior VP, Chief Legal Officer & Secretary · b. 1970
  • Ms. Jennifer L. SchulteChief Human Resources Officer · b. 1972
  • Mr. Guy MiddlebrooksExecutive Vice President of Operations
  • Mr. Matthew D. DeNarieSenior VP & Chief Accounting Officer · b. 1985
  • Ms. Amy CrossExecutive Vice President of Technology, Data Science & Marketing
  • Mr. Joshua SchutzerVP of Finance & Head of Investor Relations

Financials

Income Statement

Currency: USD2000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue53.09M62.28M76.58M80.83M91.61M148.12M213.11M229.17M236.40M217.29M216.83M237.60M283.08M318.39M376.96M444.52M510.04M558.94M597.94M655.04M679.36M822.56M1.01B1.05B1.07B1.12B
Growth (%)-+17.30%+22.98%+5.54%+13.34%+61.69%+43.88%+7.53%+3.16%-8.08%-0.21%+9.58%+19.14%+12.48%+18.39%+17.92%+14.74%+9.59%+6.98%+9.55%+3.71%+21.08%+22.74%+4.03%+1.51%+5.33%
Cost of Revenue---51.95M65.94M43.00K69.00K59.00K99.18M93.94M93.70M99.16M110.82M118.22M132.70M153.17M165.85M181.51M196.87M198.24M206.73M252.10M293.26M294.78M317.75M867.71M
Gross Profit53.09M62.28M76.58M80.83M91.61M148.08M213.04M229.11M137.22M123.34M123.13M138.44M172.25M200.17M244.26M291.35M344.19M377.44M401.08M456.80M472.62M570.46M716.36M755.55M748.48M255.40M
Gross Margin100.00%100.00%100.00%100.00%100.00%99.97%99.97%99.97%58.04%56.76%56.79%58.27%60.85%62.87%64.80%65.54%67.48%67.53%67.08%69.74%69.57%69.35%70.95%71.93%70.20%22.74%
Operating Expense33.20M38.50M49.86M51.95M65.94M113.42M173.87M190.61M102.54M93.40M88.35M92.92M140.00M141.88M162.72M183.46M201.24M181.72M181.06M50.06M58.32M279.86M365.23M258.28M265.37M-193.50M
Operating Income19.89M23.77M26.73M28.88M25.67M34.66M39.17M38.49M34.67M29.94M34.78M45.53M32.25M58.30M81.54M107.89M142.95M195.72M220.02M406.74M414.30M290.60M351.13M497.27M483.12M448.90M
Operating Margin37.46%38.17%34.90%35.72%28.02%23.40%18.38%16.80%14.67%13.78%16.04%19.16%11.39%18.31%21.63%24.27%28.03%35.02%36.80%62.09%60.98%35.33%34.78%47.34%45.31%39.97%
EBITDA19.89M23.77M26.73M49.59M24.19M44.51M105.17M110.71M112.25M100.78M97.72M113.75M146.12M170.61M208.36M260.01M306.97M339.54M363.47M406.74M414.30M462.86M603.08M710.88M688.82M703.57M
EBITDA Margin37.46%38.17%34.90%61.36%26.40%30.05%49.35%48.31%47.48%46.38%45.07%47.87%51.62%53.58%55.27%58.49%60.19%60.75%60.79%62.09%60.98%56.27%59.73%67.68%64.60%62.64%
Net Income8.25M6.90M9.73M16.23M-32.35M2.78M-8.55M-13.08M2.79M-937.00K-7.39M-398.00K1.82M41.45M26.38M77.71M87.91M134.29M163.89M169.12M165.62M223.48M291.26M410.76M391.18M333.78M
Net Income Margin15.54%11.07%12.71%20.08%-35.31%1.87%-4.01%-5.71%1.18%-0.43%-3.41%-0.17%0.64%13.02%7.00%17.48%17.23%24.03%27.41%25.82%24.38%27.17%28.85%39.11%36.69%29.72%
R&D-----------000000.170.240.280.260.250.280.290.39--
R&D as % of Total Revenue-----------0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%--
Interest Expense000015.13M32.37M46.13M55.88M52.01M47.61M44.26M38.23M40.72M40.42M46.80M43.74M50.40M56.95M62.13M72.53M75.89M78.45M93.28M97.29M90.82M114.10M
Interest Expense % of Total Revenue0.00%0.00%0.00%0.00%16.51%21.85%21.64%24.38%22.00%21.91%20.41%16.09%14.38%12.70%12.42%9.84%9.88%10.19%10.39%11.07%11.17%9.54%9.24%9.26%8.52%10.16%

Balance Sheet

Currency: USD2000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets268.31M392.02M420.10M412.22M775.87M1.48B1.62B1.69B1.60B1.60B1.48B1.88B2.15B2.36B2.79B3.11B3.48B3.55B3.75B4.03B4.78B6.55B6.33B6.23B6.39B6.64B
Total Liabilities155.31M249.85M279.27M271.94M380.65M669.34M889.51M1.04B1.03B859.54M713.41M880.66M1.11B1.23B1.29B1.40B1.76B1.86B1.98B2.16B2.69B3.55B3.43B3.34B3.44B3.86B
Total Equity113.00M142.16M140.83M131.75M359.38M703.00M627.49M555.62M522.93M695.31M765.41M995.32M989.79M1.09B1.45B1.71B1.66B1.63B1.71B1.87B1.83B2.87B2.83B2.80B2.87B2.72B
Cash---7.50M28.48M201.10M19.72M4.52M3.74M102.77M5.89M9.07M4.50M3.18M2.90M62.87M2.97M5.27M3.76M54.86M3.59M11.14M6.06M6.53M71.56M5.78M
Total Debt---271.94M380.65M669.34M879.43M1.03B977.50M1.34B615.46M758.44M1.02B1.14B1.17B1.26B1.60B1.63B1.75B1.93B2.43B3.21B3.06B2.99B3.05B3.53B
Net Debt---264.44M352.17M669.34M859.71M1.02B973.76M1.24B609.57M749.37M1.02B1.14B1.17B1.20B1.59B1.63B1.74B1.88B2.43B3.20B3.06B2.98B2.98B3.53B

Cash Flow

Currency: USD2003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow34.23M34.94M46.11M64.57M62.87M67.01M62.21M71.52M84.33M118.43M142.86M166.03M217.27M263.27M291.91M304.33M331.77M351.03M449.19M591.47M611.14M631.07M611.67M
Investing Cash Flow-2.51M-237.28M-489.06M-248.05M-153.58M27.18M98.85M-44.78M-442.10M-271.94M-282.92M-522.70M-374.61M-559.29M-150.30M-322.26M-375.66M-511.44M-1.85B-48.77M-93.82M-173.96M-574.18M
Financing Cash Flow-25.73M220.23M516.55M104.30M75.50M-94.96M-62.04M-123.61M360.95M148.93M138.74M356.39M217.30M219.41M-143.32M15.25M95.86M108.20M1.41B-547.09M-518.03M-387.67M-104.92M
Capital Expenditure8.81M227.84M381.08M312.35M48.01M30.74M17.88M104.44M471.19M4.23M53.98M23.57M81.31M136.91M68.78M86.00M102.83M473.27M221.43M113.36M39.85M43.58M44.79M
Free Cash Flow25.42M-192.90M-334.98M-247.78M62.87M36.27M44.33M71.52M84.33M118.43M142.86M166.03M217.27M263.27M291.91M304.33M228.94M351.03M449.19M591.47M611.14M631.07M566.89M
Dividends Paid28.68M18.30M44.53M66.62M66.82M41.62M6.74M9.41M27.85M45.48M65.17M81.86M113.10M155.82M195.01M221.33M243.86M256.25M273.84M387.11M442.22M461.77M476.31M
FCF to OCF74.27%-552.13%-726.54%-383.76%100.00%54.13%71.26%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%69.01%100.00%100.00%100.00%100.00%100.00%92.68%
Dividend Paid to FCF112.84%-9.49%-13.29%-26.89%106.27%114.74%15.19%13.15%33.03%38.40%45.62%49.30%52.06%59.19%66.80%72.73%106.52%73.00%60.96%65.45%72.36%73.17%84.02%

Earnings

Report DateDec 31, 2004May 16, 2005Aug 12, 2005Nov 10, 2005Mar 1, 2006May 5, 2006Aug 7, 2006Nov 6, 2006Mar 19, 2007May 3, 2007Aug 6, 2007Nov 1, 2007Feb 28, 2008May 8, 2008Aug 7, 2008Nov 6, 2008Feb 26, 2009May 7, 2009Aug 6, 2009Nov 5, 2009Feb 25, 2010May 6, 2010Aug 5, 2010Nov 4, 2010Feb 24, 2011May 5, 2011Aug 4, 2011Nov 3, 2011Feb 23, 2012May 3, 2012Aug 2, 2012Nov 8, 2012Feb 21, 2013May 2, 2013Aug 8, 2013Nov 7, 2013Feb 27, 2014May 1, 2014Aug 7, 2014Oct 30, 2014Feb 26, 2015Apr 30, 2015Aug 6, 2015Nov 5, 2015Feb 18, 2016Apr 28, 2016Jul 28, 2016Oct 27, 2016Feb 16, 2017Apr 27, 2017Jul 27, 2017Oct 26, 2017Feb 15, 2018Apr 26, 2018Jul 26, 2018Oct 25, 2018Feb 21, 2019Apr 25, 2019Jul 25, 2019Oct 24, 2019Feb 20, 2020May 7, 2020Aug 6, 2020Nov 5, 2020Feb 25, 2021Apr 29, 2021Jul 29, 2021Nov 4, 2021Feb 24, 2022Apr 28, 2022Aug 4, 2022Oct 27, 2022Feb 23, 2023Apr 27, 2023Aug 3, 2023Nov 2, 2023Feb 29, 2024Apr 25, 2024Aug 1, 2024Oct 31, 2024Feb 26, 2025May 1, 2025Jul 31, 2025Oct 30, 2025Feb 26, 2026Apr 30, 2026Jul 30, 2026Oct 29, 2026
EPS Estimate-0.130.070.210.150.03--0.03-0.03-0.050.01-0.02-0.08-0.10-0.06-0.080.02-0.05-0.08-0.04-0.07-0.06-0.05-0.02-0.02--0.020.02-0.03-0.03-0.03-0.04-0.04-0.020.040.040.050.060.050.050.060.090.100.090.130.130.130.140.170.200.200.200.220.220.220.200.200.210.190.190.190.200.200.260.220.280.250.270.240.290.300.320.410.440.450.420.430.450.460.390.380.380.660.340.640.65
EPS Actual-0.860.040.060.04-0.05-0.03-0.00-0.03-0.04-0.06-0.03-0.05-0.10-0.07-0.080.07-0.06-0.04-0.080.09-0.03-0.04-0.04-0.010.02-0.010.010.030.08-0.04-0.04-0.04-0.02-0.020.020.030.150.030.050.050.020.050.080.110.110.080.120.140.130.140.190.210.220.190.210.230.200.190.260.210.210.180.200.240.220.210.240.290.290.210.260.500.360.430.430.450.500.420.410.440.450.390.360.360.640.360.63-
Surprise--69.23%-14.29%-80.95%-133.33%-200.00%-0.00%-33.33%-20.00%-400.00%-150.00%-25.00%30.00%-33.33%187.50%-400.00%20.00%0.00%325.00%57.14%33.33%20.00%50.00%206.50%--50.00%300.00%-33.33%-33.33%-33.33%50.00%50.00%-50.00%275.00%-25.00%0.00%-16.67%-60.00%0.00%33.33%22.22%10.00%-11.11%-7.69%7.69%0.00%0.00%11.76%5.00%10.00%-5.00%-4.55%4.55%-9.09%-5.00%30.00%0.00%10.53%-5.26%5.26%20.00%10.00%-19.23%9.09%3.57%16.00%-22.22%8.33%72.41%20.00%34.38%4.88%2.27%11.11%0.00%-4.65%-2.22%-1.73%0.00%-5.26%-5.26%-3.03%5.88%-1.56%-
Timing-Pre-marketPre-marketAfter-hoursPre-market-After-hoursAfter-hoursAfter-hours-After-hoursAfter-hours-After-hoursAfter-hoursAfter-hoursAfter-hours-After-hoursAfter-hoursAfter-hours-After-hoursAfter-hours-After-hoursAfter-hoursAfter-hours-After-hoursAfter-hoursAfter-hours-After-hoursAfter-hoursAfter-hours-After-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursPre-marketAfter-hoursAfter-hoursAfter-hours-After-hoursAfter-hoursAfter-hours

Key Statistics & Ratios

Market Cap8.56B
Enterprise Value12.21B
Trailing P/E25.73
Forward P/E24.45
PEG Ratio5.33
Price / Sales7.53
Price / Book3.37
EPS1.47
Book Value11.44
Revenue (TTM)1.14B
Gross Profit (TTM)805.32M
EBITDA705.23M
Profit Margin29.33%
Operating Margin41.09%
Return on Equity12.03%
Return on Assets4.28%
Shares Outstanding225.16M
Shares Float210.79M
Beta1.05
Dividend Yield5.64%
Dividend Rate2.12
Payout Ratio106.53%

Analyst Ratings

Buy
Based on 17 analystsTarget 43.94
  • Strong Buy
    4
  • Buy
    2
  • Hold
    11

Ownership Breakdown

Institutions
106.38%
Insiders
0.88%
Retail / Other
0.00%

Top Institutional Holders

  • BlackRock Inc
    33.22M14.73%
  • Vanguard Portfolio Management, LLC
    19.43M8.62%
  • NORGES BANK
    12.24M5.43%
  • State Street Corp
    11.19M4.96%
  • Vanguard Capital Management, LLC
    10.24M4.54%
  • T. Rowe Price Associates, Inc.
    7.59M3.37%
  • FMR Inc
    7.40M3.28%
  • Canada Pension Plan Investment Board
    7.25M3.22%
  • Cohen & Steers Inc
    7.23M3.20%
  • Geode Capital Management, LLC
    4.75M2.11%
  • T. Rowe Price Investment Management,Inc.
    4.06M1.80%
  • JPMorgan Chase & Co
    3.80M1.69%
  • Charles Schwab Investment Management Inc
    3.59M1.59%
  • CBRE Investment Management Listed Real Assets LLC
    3.36M1.49%
  • Dimensional Fund Advisors, Inc.
    3.35M1.49%
  • Northern Trust Corp
    3.33M1.48%

Top Fund Holders

  • Vanguard Real Estate Index Investor
    8.37M3.71%
  • iShares Core S&P Mid-Cap ETF
    7.93M3.52%
  • Vanguard MStar Total Stk Mkt Idx Invest
    7.20M3.19%
  • Vanguard Small Cap Index
    5.21M2.31%

Dividends

20264×
0.53Oct 1, 20260.53Jul 1, 20260.53Apr 1, 20260.53Jan 2, 2026
20254×
0.52Oct 1, 20250.52Jul 1, 20250.52Apr 1, 20250.52Jan 2, 2025
20243×
0.51Oct 1, 20240.51Jul 1, 20240.51Mar 28, 2024
20234×
0.51Dec 29, 20230.49Sep 29, 20230.49Jun 30, 20230.49Mar 31, 2023
20224×
0.49Dec 30, 20220.43Sep 30, 20220.43Jun 30, 20220.43Mar 31, 2022
20214×
0.43Dec 31, 20210.34Sep 30, 20210.34Jun 30, 20210.34Mar 31, 2021
20201×
0.34Dec 31, 2020