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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.
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 |
Metrics to compare | CUBE | Sector Sector - Average of metrics from a broad group of related Real Estate sector companies | Relationship RelationshipCUBEPeersSector | |
---|---|---|---|---|
P/E Ratio | 22.8x | 31.1x | 7.7x | |
PEG Ratio | 3.83 | −2.20 | 0.01 | |
Price/Book | 3.3x | 1.9x | 0.9x | |
Price / LTM Sales | 8.6x | 7.3x | 3.8x | |
Upside (Analyst Target) | 23.7% | 20.2% | 20.9% | |
Fair Value Upside | Unlock | −9.7% | 1.6% | Unlock |