CubeSmart (CUBE)

NYSE
Currency in USD
40.50
-0.15(-0.37%)
Closed
After Hours
40.500.00(0.00%)
CUBE Scorecard
Full Analysis
RSI suggests the stock is in oversold territory
High dividend Yield
Fair Value
Day's Range
40.3841.81
52 wk Range
39.8055.14
Key Statistics
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Prev. Close
40.65
Open
41.8
Day's Range
40.38-41.81
52 wk Range
39.8-55.14
Volume
2.23M
Average Volume (3m)
1.38M
1-Year Change
-10.46%
Book Value / Share
12.37
Fair Value
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Fair Value Upside
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CUBE Scorecardpro icon
Company’s Health
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Fair Value
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Fair Pricepro lock
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Price Target
49.50
Upside
+22.22%
Members' Sentiments
Bearish
Bullish
ProTips
Trading at a high P/E ratio relative to near-term earnings growth
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CubeSmart Company Profile

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 2024 Self-Storage Almanac, CubeSmart is one of the top three owners and operators of self-storage properties in the United States.

CubeSmart SWOT Analysis


NYC Market Dominance
CubeSmart's strategic focus on New York City, accounting for 23% of its net operating income, positions it for potential rent outperformance as supply headwinds diminish
Financial Resilience
Despite market challenges, CubeSmart maintains a "GREAT" financial health score, with a 4.4% dividend yield and 13 consecutive years of dividend growth
Competitive Edge
Explore CubeSmart's third-party management business, recognized as one of the sector's best, offering expansion opportunities without capital-intensive property ownership
Market Outlook
Analysts project EPS of $2.63 for FY1 and $2.60 for FY2, with price targets ranging from $47 to $56, reflecting mixed views on CubeSmart's growth potential
Read full SWOT analysis

CubeSmart Earnings Call Summary for Q3/2024

  • Same-store revenues down 0.8% YoY; occupancy at 90.8%. Full-year FFO guidance unchanged, reflecting confidence in performance.
  • Expanding footprint with plans to add 130+ stores annually; two stores under contract for Q4 acquisition. $32.8M raised through equity program.
  • Competitive pricing pressures, especially in West Coast Florida. Q3 move-in rates down 11% YoY; October rental rates decreased 9.4% YoY.
  • New York MSA outperformed with rentals up 7.4%. Long-term market health due to supply dynamics; portfolio supply impact down to 27% in 2024.
  • Strong balance sheet maintained with low leverage. Debt-to-EBITDA ratio at 4x, indicating capacity for leveraging acquisitions.
Last Updated: 2024/11/01, 21:52
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Compare CUBE to Peers and Sector

Metrics to compare
CUBE
Peers
Sector
Relationship
P/E Ratio
22.8x31.1x7.7x
PEG Ratio
3.83−2.200.01
Price/Book
3.3x1.9x0.9x
Price / LTM Sales
8.6x7.3x3.8x
Upside (Analyst Target)
23.7%20.2%20.9%
Fair Value Upside
Unlock−9.7%1.6%Unlock

Analyst Ratings

3 Buy
13 Hold
0 Sell
Ratings:
16 analysts
Overall Consensus
Neutral

Analysts 12-Month Price Target:

Average 49.50

(+22.22% Upside)

Dividends

Payout Ratio
Payout ratio (TTM)
Earnings retained
EPS 1.78
Dividend Yield
5.12%
Industry Median 5.06%
Annualised payout
2.0800
Paid quarterly
5-Years Growth
+9.77%
Growth Streak

Earnings

Latest Release
Oct 31, 2024
EPS / Forecast
0.44 / 0.45
Revenue / Forecast
270.89M / 267.49M
EPS Revisions
Last 90 days

FAQ

What Is the CubeSmart (CUBE) Stock Price Today?

The CubeSmart stock price today is 40.50

What Stock Exchange Does CubeSmart Trade On?

CubeSmart is listed and trades on the NYSE stock exchange.

What Is the Stock Symbol for CubeSmart?

The stock symbol for CubeSmart is "CUBE."

Does CubeSmart Pay Dividends? What’s The Current Dividend Yield?

The CubeSmart dividend yield is 5.14%.

What Is the CubeSmart Market Cap?

As of today, CubeSmart market cap is 9.21B.

What is CubeSmart Earnings Per Share?

The CubeSmart EPS is 1.78.

What Is the Next CubeSmart Earnings Date?

CubeSmart will release its next earnings report on 19 Feb 2025.

From a Technical Analysis Perspective, Is CUBE a Buy or Sell?

Based on moving averages and other technical indicators, the daily buy/sell signal is Strong Sell.
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