CUBE Stock Analysis: CubeSmart | NYSE
REIT - Industrial | NYSE, USA | Market Cap: 8.441m USD | 12M Return: -0.5% | US2296631094 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 105M
EPS Trend: 7.7%
Qual. Beats: 0
Rev. Trend: 96.8%
Qual. Beats: 0
Warnings
Tailwinds
Seasonality 11.7 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
CubeSmart (NYSE: CUBE) is a self-administered and self-managed real estate investment trust (REIT) that owns and operates self-storage properties across the United States. Its facilities offer affordable, easily accessible, and typically climate-controlled storage units serving both residential and commercial customers. According to the 2026 Self-Storage Almanac, CubeSmart ranks among the top three owners and operators of self-storage properties in the U.S. The company was incorporated in 2004 in Maryland and is headquartered in Malvern, Pennsylvania. As a self-storage REIT, it generates the majority of its revenue from rental income on individual storage units, a business model that benefits from recurring demand tied to life transitions such as relocations, downsizing, and small-business needs.
- Same-store revenue growth driven by occupancy gains and rate increases
- Acquisition pipeline expansion in top US self-storage markets
- Capital allocation focuses on accretive third-party management contracts
| Net Income: 334.1m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.09 > 0.02 and ΔFCF/TA -0.61 > 1.0 |
| NWC/Revenue: -25.31% < 20% (prev -57.61%; Δ 32.30% < -1%) |
| CFO/TA 0.09 > 3% & CFO 598.6m > Net Income 334.1m |
| Net Debt (3.59b) to EBITDA (708.1m): 5.07 < 3 |
| Current Ratio: 0.15 > 1.5 & < 3 |
| Outstanding Shares: last quarter (228.2m) vs 12m ago -0.47% < -2% |
| Gross Margin: 17.42% > 18% (prev 63.80%; Δ -46.37% > 0.5%) |
| Asset Turnover: 17.09% > 50% (prev 16.31%; Δ 0.79% > 0%) |
| Interest Coverage Ratio: 1.96 > 6 (EBIT TTM 453.6m / Interest Expense TTM 231.6m) |
| A: -0.04 (Total Current Assets 52.8m - Total Current Liabilities 340.4m) / Total Assets 6.58b |
| B: -0.26 (Retained Earnings -1.73b / Total Assets 6.58b) |
| C: 0.07 (EBIT TTM 453.6m / Avg Total Assets 6.65b) |
| D: 0.65 (Book Value of Equity 2.58b / Total Liabilities 3.95b) |
| Altman-Z'' = -0.00 = B |
| DSRI: 0.88 (Receivables 36.2m/39.6m, Revenue 1.14b/1.09b) |
| GMI: 3.66 (GM 63.80% / 17.42%) |
| AQI: 1.01 (AQ_t 0.98 / AQ_t-1 0.97) |
| SGI: 1.04 (Revenue 1.14b / 1.09b) |
| TATA: -0.04 (NI 334.1m - CFO 598.6m) / TA 6.58b) |
| Beneish M = -0.68 (Cap -4..+1) = D |
As of October 14, 2026, the stock is trading at USD 37.85 with a total of 2,243,301 shares traded. Over the past week, the price has changed by +0.24%, over one month by -3.34%, over three months by -5.46% and over the past year by -0.45%.
Current recommended Stop Loss: 36.80 (which is 2.8% or 1.5 ATR below the current price).
CubeSmart has received a consensus analysts rating of 3.67. Therefore, it is recommended to hold CUBE.
- StrongBuy: 4
- Buy: 4
- Hold: 10
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 43.6 | 15.3% |
P/E Trailing = 25.8542
P/E Forward = 24.4499
P/S = 7.3996
P/B = 3.3662
P/EG = 5.3307
Revenue TTM = 1.14b USD
EBIT TTM = 453.6m USD
EBITDA TTM = 708.1m USD
Long Term Debt = 3.03b USD (from longTermDebt, last quarter)
Short Term Debt = 340.4m USD (from shortTermDebt, last quarter)
Debt = 3.61b USD (from shortLongTermDebtTotal, last quarter) + Leases 65.5m
Net Debt = 3.59b USD (calculated: Debt 3.61b - CCE 14.3m)
Enterprise Value = 12.0b USD (8.44b + Debt 3.61b - CCE 14.3m)
Interest Coverage Ratio = 1.96 (Ebit TTM 453.6m / Interest Expense TTM 231.6m)
EV/FCF = 21.40x (Enterprise Value 12.0b / FCF TTM 562.3m)
FCF Yield = 4.67% (FCF TTM 562.3m / Enterprise Value 12.0b)
FCF Margin = 49.49% (FCF TTM 562.3m / Revenue TTM 1.14b)
Net Margin = 29.41% (Net Income TTM 334.1m / Revenue TTM 1.14b)
Gross Margin = 17.42% ((Revenue TTM 1.14b - Cost of Revenue TTM 938.2m) / Revenue TTM)
Gross Margin QoQ = 66.48% (prev 24.47%)
Tobins Q-Ratio = 1.83 (Enterprise Value 12.0b / Total Assets 6.58b)
Interest Expense / Debt = 6.42% (Interest Expense 231.6m / Debt 3.61b)
Taxrate = 21.0% (US federal default 21%)
NOPAT = 358.4m (EBIT 453.6m * (1 - 21.00%))
Current Ratio = 0.15 (Total Current Assets 52.8m / Total Current Liabilities 340.4m)
Debt / Equity = 1.40 (Debt 3.61b / totalStockholderEquity, last quarter 2.58b)
Debt / EBITDA = 5.07 (Net Debt 3.59b / EBITDA 708.1m)
Debt / FCF = 6.39 (Net Debt 3.59b / FCF TTM 562.3m)
Total Stockholder Equity = 2.68b (last 4 quarters mean from totalStockholderEquity)
RoA = 5.03% (Net Income 334.1m / Total Assets 6.58b)
RoE = 12.45% (Net Income TTM 334.1m / Total Stockholder Equity 2.68b)
RoCE = 7.95% (EBIT 453.6m / Capital Employed (Equity 2.68b + L.T.Debt 3.03b))
RoIC = 5.45% (NOPAT 358.4m / Invested Capital 6.57b)
WACC = 6.09% (E(8.44b)/V(12.0b) * Re(6.52%) + D(3.61b)/V(12.0b) * Rd(6.42%) * (1-Tc(0.21)))
Discount Rate = 6.52% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 65.48 | Cagr: 0.32%
[DCF] Terminal Value 74.22% ; FCFF base≈582.9m ; Y1≈544.1m ; Y5≈498.0m
[DCF] Fair Price = 18.98 (EV 7.87b - Net Debt 3.59b = Equity 4.28b / Shares 225.5m; r=8.35% [WACC [floored]]; 5y FCF grow -8.39% → 2.50% )
EPS Correlation: 7.67 | EPS CAGR: 0.51% | SUE: -0.71 | # QB: 0
Revenue Correlation: 96.79 | Revenue CAGR: 3.19% | SUE: 0.82 | # QB: 0
EPS current Quarter (2026-09-30): EPS=0.42 | Chg30d=+1.45% | Revisions=+50% | Analysts=5
EPS current Year (2026-12-31): EPS=1.52 | Chg30d=+1.84% | Revisions=+40% | GrowthEPS=+4.1% | GrowthRev=+1.0%
EPS next Year (2027-12-31): EPS=1.60 | Chg30d=+1.91% | Revisions=+50% | GrowthEPS=+5.4% | GrowthRev=+3.0%
[Analyst] Revisions Ratio: +73% (up=8, down=0)