CUBE Stock Analysis: CubeSmart | NYSE
REIT - Industrial | NYSE, USA | Market Cap: 10.102m USD | 12M Return: 29.2% | US2296631094 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 89.3M
EPS Trend: 36.9%
Qual. Beats: 0
Rev. Trend: 97.8%
Qual. Beats: 1
Warnings
Tailwinds
Seasonality 11.9 years of data, until 10/2026
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, ≥40 worth a closer look and ≥60 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: 345.5m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.08 > 0.02 and ΔFCF/TA -1.65 > 1.0 |
| NWC/Revenue: -34.65% < 20% (prev -15.90%; Δ -18.76% < -1%) |
| CFO/TA 0.09 > 3% & CFO 600.8m > Net Income 345.5m |
| Net Debt (3.65b) to EBITDA (710.7m): 5.14 < 3 |
| Current Ratio: 0.04 > 1.5 & < 3 |
| Outstanding Shares: last quarter (226.1m) vs 12m ago -1.36% < -2% |
| Gross Margin: 17.63% > 18% (prev 63.45%; Δ -45.82% > 0.5%) |
| Asset Turnover: 17.21% > 50% (prev 16.40%; Δ 0.82% > 0%) |
| Interest Coverage Ratio: 3.78 > 6 (EBIT TTM 468.3m / Interest Expense TTM 124.0m) |
| A: -0.06 (Total Current Assets 16.1m - Total Current Liabilities 412.9m) / Total Assets 6.55b |
| B: -0.28 (Retained Earnings -1.84b / Total Assets 6.55b) |
| C: 0.07 (EBIT TTM 468.3m / Avg Total Assets 6.65b) |
| D: 0.62 (Book Value of Equity 2.48b / Total Liabilities 4.01b) |
| Altman-Z'' = -0.19 = B |
As of November 13, 2026, the stock is trading at USD 45.00 with a total of 1,499,509 shares traded. Over the past week, the price has changed by -0.82%, over one month by +18.58%, over three months by +10.73% and over the past year by +29.17%.
Current recommended Stop Loss: 43.70 (which is 2.9% or 1.4 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 | 43.9 | -2.5% |
P/E Trailing = 29.6184
P/E Forward = 24.4499
P/S = 8.8017
P/B = 4.0611
P/EG = 5.3307
Revenue TTM = 1.15b USD
EBIT TTM = 468.3m USD
EBITDA TTM = 710.7m USD
Long Term Debt = 3.02b USD (from longTermDebt, last fiscal year)
Short Term Debt = 345.9m USD (from shortTermDebt, last fiscal year)
Debt = 3.67b USD (from shortLongTermDebtTotal, last quarter) + Leases 65.5m
Net Debt = 3.65b USD (calculated: Debt 3.67b - CCE 14.3m)
Enterprise Value = 13.8b USD (10.1b + Debt 3.67b - CCE 14.3m)
Interest Coverage Ratio = 3.78 (Ebit TTM 468.3m / Interest Expense TTM 124.0m)
EV/FCF = 26.28x (Enterprise Value 13.8b / FCF TTM 523.3m)
FCF Yield = 3.80% (FCF TTM 523.3m / Enterprise Value 13.8b)
FCF Margin = 45.70% (FCF TTM 523.3m / Revenue TTM 1.15b)
Net Margin = 30.17% (Net Income TTM 345.5m / Revenue TTM 1.15b)
Gross Margin = 17.63% ((Revenue TTM 1.15b - Cost of Revenue TTM 943.2m) / Revenue TTM)
Gross Margin QoQ = 67.42% (prev 66.48%)
Tobins Q-Ratio = 2.10 (Enterprise Value 13.8b / Total Assets 6.55b)
Interest Expense / Debt = 3.38% (Interest Expense 124.0m / Debt 3.67b)
Taxrate = 21.0% (US federal default 21%)
NOPAT = 369.9m (EBIT 468.3m * (1 - 21.00%))
Current Ratio = 0.04 (Total Current Assets 16.1m / Total Current Liabilities 412.9m)
Debt / Equity = 1.48 (Debt 3.67b / totalStockholderEquity, last quarter 2.48b)
Debt / EBITDA = 5.14 (Net Debt 3.65b / EBITDA 710.7m)
Debt / FCF = 6.98 (Net Debt 3.65b / FCF TTM 523.3m)
Total Stockholder Equity = 2.61b (last 4 quarters mean from totalStockholderEquity)
RoA = 5.19% (Net Income 345.5m / Total Assets 6.55b)
RoE = 13.26% (Net Income TTM 345.5m / Total Stockholder Equity 2.61b)
RoCE = 8.32% (EBIT 468.3m / Capital Employed (Equity 2.61b + L.T.Debt 3.02b))
RoIC = 5.72% (NOPAT 369.9m / Invested Capital 6.46b)
WACC = 5.12% (E(10.1b)/V(13.8b) * Re(6.01%) + D(3.67b)/V(13.8b) * Rd(3.38%) * (1-Tc(0.21)))
Discount Rate = 6.01% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 2.51 | Cagr: -0.10%
[DCF] Terminal Value 73.10% ; FCFF base≈574.6m ; Y1≈503.9m ; Y5≈407.1m
[DCF] Fair Price = 12.90 (EV 6.53b - Net Debt 3.65b = Equity 2.88b / Shares 223.4m; r=8.35% [WACC [floored]]; 5y FCF grow -15.0% → 2.50% )
EPS Correlation: 36.92 | EPS CAGR: 4.10% | SUE: 0.74 | # QB: 0
Revenue Correlation: 97.78 | Revenue CAGR: 3.42% | SUE: 1.32 | # QB: 1
EPS current Quarter (2027-03-31): EPS=0.39 | Chg30d=+3.28% | Revisions=+40% | Analysts=4
EPS current Year (2026-12-31): EPS=1.59 | Chg30d=+6.90% | Revisions=+40% | GrowthEPS=+9.2% | GrowthRev=+1.9%
EPS next Year (2027-12-31): EPS=1.59 | Chg30d=+1.15% | Revisions=+50% | GrowthEPS=-0.3% | GrowthRev=+2.3%
[Analyst] Revisions Ratio: +70% (up=7, down=0)