(CUBE) CubeSmart - Ratings and Ratios

Exchange: NYSE • Country: United States • Currency: USD • Type: Common Stock • ISIN: US2296631094

Storage, Units, Climate, Access, Commercial

Self-Storage REITs
Market Cap in USD: 8,637m

IPO / Inception: 2004-10-22
12m vs SPY: -18.4%

EPS (Earnings per Share)

EPS CAGR: -35.23%
EPS Trend: -13.9%

Last SUE: -4.00
Qual. Beats: 0

Revenue

Rev. CAGR: 6.82%
Rev. Trend: 86.0%

Last SUE: 0.05
Qual. Beats: 0

Dividends

Dividend Yield	6.49%
Yield on Cost 5y	7.65%
Yield CAGR 5y	9.44%
Payout Consistency	92.7%
Payout Ratio	134.0%

Risk via 5d forecast
Volatility	23.4%
Value at Risk 5%th	37.9%
Relative Tail Risk	-1.49%

Reward TTM
Sharpe Ratio	-0.09
Alpha	-14.98
CAGR/Max DD	0.03

Character TTM
Hurst Exponent	0.532
Beta	0.493
Beta Downside	0.492

Drawdowns 3y
Max DD	31.95%
Mean DD	13.46%
Median DD	11.69%

Description: CUBE CubeSmart January 03, 2026

CubeSmart (NYSE:CUBE) operates as a self-administered, self-managed REIT focused on affordable, readily accessible self-storage facilities, many of which are climate-controlled, serving both residential and commercial tenants. The 2025 Self-Storage Almanac ranks it among the top three owners and operators of self-storage assets in the United States.

Key operational metrics that investors watch include an occupancy rate that hovered around 95% in Q4 2023 and a same-store net operating income (NOI) growth of roughly 4% year-over-year, reflecting resilient demand despite modest macro-economic headwinds. The sector benefits from structural drivers such as continued e-commerce expansion, which fuels inventory overflow needs, and a relatively low cost-of-capital environment that supports REIT financing; however, rising interest rates could pressure dividend yields and acquisition capacity.

For a deeper quantitative view of CubeSmart’s valuation and risk profile, you might find ValueRay’s analyst toolkit useful.

Piotroski VR‑10 (Strict, 0-10) 2.0

Net Income (357.0m TTM) > 0 and > 6% of Revenue (6% = 66.5m TTM)

FCFTA 0.10 (>2.0%) and ΔFCFTA -0.25pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue -15.90% (prev -20.46%; Δ 4.56pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA 0.09 (>3.0%) and CFO 637.4m > Net Income 357.0m (YES >=105%, WARN >=100%)

Net Debt (3.39b) to EBITDA (711.0m) ratio: 4.76 <= 3.0 (WARN <= 3.5)

Current Ratio 0.57 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)

Outstanding Shares last Quarter (229.2m) change vs 12m ago 0.92% (target <= -2.0% for YES)

Gross Margin 63.45% (prev 68.13%; Δ -4.68pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)

Asset Turnover 17.11% (prev 17.20%; Δ -0.09pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)

Interest Coverage Ratio 2.13 (EBITDA TTM 711.0m / Interest Expense TTM 217.3m) >= 6 (WARN >= 3)

Altman Z'' -0.83

(A) -0.03 = (Total Current Assets 232.4m - Total Current Liabilities 408.6m) / Total Assets 6.76b

(B) -0.22 = Retained Earnings (Balance) -1.52b / Total Assets 6.76b

(D) -0.39 = Book Value of Equity -1.51b / Total Liabilities 3.90b

Total Rating: -0.83 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 64.36

1. Piotroski 2.0pt

2. FCF Yield 5.42%

3. FCF Margin 58.79%

4. Debt/Equity 1.26

5. Debt/Ebitda 4.76

6. ROIC - WACC (= 0.87)%

7. RoE 12.62%

8. Rev. Trend 86.01%

9. EPS Trend -13.85%

What is the price of CUBE shares?

As of January 13, 2026, the stock is trading at USD 37.90 with a total of 2,099,423 shares traded.
Over the past week, the price has changed by +6.76%, over one month by +5.33%, over three months by -4.43% and over the past year by -1.28%.

Is CUBE a buy, sell or hold?

CubeSmart has received a consensus analysts rating of 3.59. Therefor, it is recommend to hold CUBE.

Strong Buy: 4
Buy: 2
Hold: 11
Sell: 0
Strong Sell: 0

What are the forecasts/targets for the CUBE price?

Issuer	Target	Up/Down from current
Wallstreet Target Price	42.4	11.8%
Analysts Target Price	42.4	11.8%
ValueRay Target Price	40.2	6.1%

CUBE Fundamental Data Overview January 13, 2026

P/E Trailing = 24.3097
P/E Forward = 22.8833
P/S = 7.7777
P/B = 3.0884
P/EG = 6.31
Beta = 1.12
Revenue TTM = 1.11b USD
EBIT TTM = 462.2m USD
EBITDA TTM = 711.0m USD
Long Term Debt = 3.43b USD (from longTermDebt, last quarter)
Short Term Debt = 300.3m USD (from shortTermDebt, last quarter)
Debt = 3.49b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 3.39b USD (from netDebt column, last quarter)
Enterprise Value = 12.02b USD (8.64b + Debt 3.49b - CCE 108.4m)
Interest Coverage Ratio = 2.13 (Ebit TTM 462.2m / Interest Expense TTM 217.3m)
EV/FCF = 18.46x (Enterprise Value 12.02b / FCF TTM 651.5m)
FCF Yield = 5.42% (FCF TTM 651.5m / Enterprise Value 12.02b)
FCF Margin = 58.79% (FCF TTM 651.5m / Revenue TTM 1.11b)
Net Margin = 32.21% (Net Income TTM 357.0m / Revenue TTM 1.11b)
Gross Margin = 63.45% ((Revenue TTM 1.11b - Cost of Revenue TTM 405.0m) / Revenue TTM)
Gross Margin QoQ = 68.13% (prev 44.91%)
Tobins Q-Ratio = 1.78 (Enterprise Value 12.02b / Total Assets 6.76b)
Interest Expense / Debt = 4.00% (Interest Expense 139.8m / Debt 3.49b)
Taxrate = 0.64% (528.0k / 82.4m)
NOPAT = 459.3m (EBIT 462.2m * (1 - 0.64%))
Current Ratio = 0.57 (Total Current Assets 232.4m / Total Current Liabilities 408.6m)
Debt / Equity = 1.26 (Debt 3.49b / totalStockholderEquity, last quarter 2.78b)
Debt / EBITDA = 4.76 (Net Debt 3.39b / EBITDA 711.0m)
Debt / FCF = 5.20 (Net Debt 3.39b / FCF TTM 651.5m)
Total Stockholder Equity = 2.83b (last 4 quarters mean from totalStockholderEquity)
RoA = 5.51% (Net Income 357.0m / Total Assets 6.76b)
RoE = 12.62% (Net Income TTM 357.0m / Total Stockholder Equity 2.83b)
RoCE = 7.39% (EBIT 462.2m / Capital Employed (Equity 2.83b + L.T.Debt 3.43b))
RoIC = 7.51% (NOPAT 459.3m / Invested Capital 6.11b)
WACC = 6.65% (E(8.64b)/V(12.13b) * Re(7.73%) + D(3.49b)/V(12.13b) * Rd(4.00%) * (1-Tc(0.01)))
Discount Rate = 7.73% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Shares Correlation 3-Years: 100.0 | Cagr: 0.66%
[DCF Debug] Terminal Value 83.84% ; FCFF base≈635.8m ; Y1≈667.0m ; Y5≈777.3m
Fair Price DCF = 66.06 (EV 18.45b - Net Debt 3.39b = Equity 15.06b / Shares 228.0m; r=6.65% [WACC]; 5y FCF grow 5.31% → 2.90% )
EPS Correlation: -13.85 | EPS CAGR: -35.23% | SUE: -4.0 | # QB: 0
Revenue Correlation: 86.01 | Revenue CAGR: 6.82% | SUE: 0.05 | # QB: 0
EPS next Quarter (2026-03-31): EPS=0.36 | Chg30d=+0.000 | Revisions Net=-1 | Analysts=4
EPS next Year (2026-12-31): EPS=1.45 | Chg30d=-0.016 | Revisions Net=-2 | Growth EPS=-1.8% | Growth Revenue=+2.8%

Additional Sources for CUBE Stock

News: Wall Street Journal | Benzinga | Yahoo Finance
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Fund Manager Positions: Dataroma | Stockcircle