CubeSmart/CUBE

$41.86

-0.82%
-
1D1W1MYTD1YMAX

About CubeSmart

CubeSmart is a self-administered and self-managed real estate investment trust. The Company's self-storage properties are designed to offer climate-controlled storage space for residential and commercial customers. It owns its assets and conducts its operations through the CubeSmart, L.P. (Operating Partnership), and subsidiaries of the Operating Partnership. Its customers rent storage cubes for their exclusive use, on a month-to-month basis. Additionally, some of its stores offer outside storage areas for vehicles and boats. Its stores are designed to accommodate both residential and commercial customers, with features, such as wide aisles and load-bearing capabilities for large truck access. Its customers can access their storage cubes during business hours, and some of its stores provide customers with 24-hour access. It owns about 611 self-storage properties located in 24 states and in the district of Columbia, containing an aggregate of about 44.1 million rentable square feet.

Ticker

CUBE

Sector

Real Estate

Trading on

NYSE

Industry

Misc. Transportation

CEO

Christopher Marr

Employees

3,040

Headquarters

Malvern, United States

CubeSmart Metrics

BasicAdvanced
$9.54B
Market cap
23.25
P/E ratio
$1.82
EPS
0.72
Beta
$1.98
Dividend rate
4.83%
Dividend yield
$9.54B
0.72484
$47.81
$33.18
1.49M
$1.98
106.777
106.777
108.79%
111.225
5.46%
6.57%
14.6%
7.02%
23.25
9.082
3.392
3.411
89.458
3.66%
4.69%
4.83%
4.03%
40.8%
15.64%
28.81%
14.18%

What the Analysts think about CubeSmart

Analyst Ratings

Majority rating from 15 analysts.
Hold

Price Targets

Average projection from 11 analysts.
11.2% upside
High $53.00
Low $40.00
$41.86
Current price
$46.55
Average price target

CubeSmart Financial Performance

Income StatementBalance sheetCash Flow

Income Statement

Revenues and expenses
42.47% profit margin
QuarterlyAnnual
Q4 23
QoQ growth
Revenue
$265.1M
-1.01%
Net income
$112.6M
9.75%
Profit margin
42.47%
10.86%

CubeSmart Earnings Performance

Earnings per share (EPS)

Company profitability
Beat by 10.76%
QuarterlyAnnual
Q1 23
Q2 23
Q3 23
Q4 23
Q1 24
Actual
$0.43
$0.43
$0.45
$0.50
-
Expected
$0.33
$0.42
$0.45
$0.45
$0.42
Surprise
31.63%
1.98%
0.84%
10.76%
-
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Real time US market data is a consolidated feed of IEX, NYSE National, NYSE Chicago, Nasdaq BX and Nasdaq PSX order books provided by Polygon. Fundamental data, financials and analyst ratings are sourced from Refinitiv.

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FAQs

What’s the current market cap for CubeSmart stock?

CubeSmart (CUBE) has a market cap of $9.54B as of April 19, 2024.

What is the P/E ratio for CubeSmart stock?

The price to earnings (P/E) ratio for CubeSmart (CUBE) stock is 23.25 as of April 19, 2024.

Does CubeSmart stock pay dividends?

Yes, the CubeSmart (CUBE) stock pays dividends to shareholders. As of April 19, 2024, the dividend rate is $1.98 and the yield is 4.83%. CubeSmart has a payout ratio of 108.79% on a trailing twelve-month basis.

When is the next CubeSmart dividend payment date?

The next CubeSmart (CUBE) dividend payment date is unconfirmed.

What is the beta indicator for CubeSmart?

CubeSmart (CUBE) has a beta rating of 0.72. This means that it is less volatile than the market, on average. A beta of 1 would indicate the stock moves in-line with the market, while a beta of 0.5 would mean it moves half as much as the market.

What is the CubeSmart stock price target?

The target price for CubeSmart (CUBE) stock is $46.55, which is 11.2% above the current price of $41.86. This is an average based on projections from 11 analysts, and represents their view of what the stock price could be in 12 or 18 months. This should not be seen as investment advice - Lightyear does not carry out investment research.

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