Overview Dividends

(CUBE) CubeSmart - Ratings and Ratios

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

Self-Storage, Climate-Controlled, Residential, Commercial

CUBE EPS (Earnings per Share)

EPS Growth (3Y CAGR): 0.00%
EPS Trend (3Y Correlation): -32.7%

CUBE Revenue

Revenue Growth (3Y CAGR): 3.26%
Revenue Trend (3Y Correlation): 88.6%

Description: CUBE CubeSmart October 31, 2025

CubeSmart (NYSE:CUBE) operates as a self-administered REIT that owned or managed 1,532 self-storage facilities across the United States as of June 30 2025, placing it among the top three U.S. owners/operators per the 2025 Self-Storage Almanac. The company’s stated mission is to ease customers’ logistical challenges through innovative, affordable, and largely climate-controlled storage solutions for both residential and commercial users.

Key operational metrics that augment this picture include a reported occupancy rate of roughly 96 % for 2024, which is above the industry average of ~93 % and supports strong same-store net operating income (NOI) growth of about 5 % year-over-year. Rental rates have risen modestly, with average monthly rents increasing ~3 % YoY, reflecting broader inflationary pressure and heightened demand from e-commerce businesses needing flexible inventory space. A primary sector driver is the continued shortage of new supply relative to demand, as developers face higher construction costs and tighter financing conditions, which tends to bolster pricing power for existing operators like CubeSmart.

For a data-rich, quantitative deep-dive on CubeSmart’s valuation dynamics, you may find the analytics on ValueRay useful as a next step in your research.

CUBE Stock Overview

Market Cap in USD	8,635m
Sub-Industry	Self-Storage REITs
IPO / Inception	2004-10-22

CUBE Stock Ratings

Growth Rating	-2.19%
Fundamental	69.6%
Dividend Rating	68.7%
Return 12m vs S&P 500	-32.1%
Analyst Rating	3.59 of 5

CUBE Dividends

Dividend Yield 12m	5.51%
Yield on Cost 5y	8.21%
Annual Growth 5y	3.56%
Payout Consistency	92.4%
Payout Ratio	133.3%

CUBE Growth Ratios

Growth Correlation 3m	28.7%
Growth Correlation 12m	-29.2%
Growth Correlation 5y	31.1%
CAGR 5y	3.79%
CAGR/Max DD 3y (Calmar Ratio)	0.12
CAGR/Mean DD 3y (Pain Ratio)	0.32
Sharpe Ratio 12m	-0.17
Alpha	-35.96
Beta	0.977
Volatility	25.03%
Current Volume	1507.4k
Average Volume 20d	1607.2k
Stop Loss	36.5 (-3.3%)
Signal	0.10

Piotroski VR‑10 (Strict, 0-10) 4.0

Net Income (356.5m 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 5.93% (prev -20.49%; Δ 26.41pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA 0.09 (>3.0%) and CFO 636.7m > Net Income 356.5m (YES >=105%, WARN >=100%)

Net Debt (-108.4m) to EBITDA (597.6m) ratio: -0.18 <= 3.0 (WARN <= 3.5)

Current Ratio 2.54 (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 50.13% (prev 65.78%; Δ -15.65pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)

Asset Turnover 17.11% (prev 17.18%; Δ -0.06pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)

Interest Coverage Ratio -5.63 (EBITDA TTM 597.6m / Interest Expense TTM -62.2m) >= 6 (WARN >= 3)

Altman Z'' -0.71

(A) 0.01 = (Total Current Assets 108.4m - Total Current Liabilities 42.7m) / 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: -0.71 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 69.55

1. Piotroski 4.0pt = -1.0

2. FCF Yield 5.63% = 2.81

3. FCF Margin 58.79% = 7.50

4. Debt/Equity 1.10 = 1.93

5. Debt/Ebitda -0.18 = 2.50

6. ROIC - WACC (= -0.20)% = -0.25

7. RoE 12.60% = 1.05

8. Rev. Trend 88.56% = 6.64

9. EPS Trend -32.67% = -1.63

What is the price of CUBE shares?

As of November 06, 2025, the stock is trading at USD 37.73 with a total of 1,507,367 shares traded.
Over the past week, the price has changed by -5.86%, over one month by -5.53%, over three months by -3.63% and over the past year by -19.20%.

Is CubeSmart a good stock to buy?

Partly, yes. Based on ValueRay´s Fundamental Analyses, CubeSmart (NYSE:CUBE) is currently (November 2025) ok to buy, but has to be watched. It has a ValueRay Fundamental Rating of 69.55 and therefor a somewhat positive outlook according to the companies health.
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of CUBE is around 36.55 USD . This means that CUBE is currently overvalued and has a potential downside of -3.13%.

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	45.2	19.9%
Analysts Target Price	45.2	19.9%
ValueRay Target Price	39.8	5.5%

CUBE Fundamental Data Overview November 02, 2025

Market Cap USD = 8.64b (8.64b USD * 1.0 USD.USD)
P/E Trailing = 22.9695
P/E Forward = 24.4499
P/S = 7.8779
P/B = 3.2613
P/EG = 6.31
Beta = 0.977
Revenue TTM = 1.11b USD
EBIT TTM = 350.1m USD
EBITDA TTM = 597.6m USD
Long Term Debt = 2.99b USD (from longTermDebt, last fiscal year)
Short Term Debt = 305.9m USD (from shortTermDebt, last fiscal year)
Debt = 3.05b USD (from shortLongTermDebtTotal, last fiscal year)
Net Debt = -108.4m USD (from netDebt column, last quarter)
Enterprise Value = 11.58b USD (8.64b + Debt 3.05b - CCE 108.4m)
Interest Coverage Ratio = -5.63 (Ebit TTM 350.1m / Interest Expense TTM -62.2m)
FCF Yield = 5.63% (FCF TTM 651.5m / Enterprise Value 11.58b)
FCF Margin = 58.79% (FCF TTM 651.5m / Revenue TTM 1.11b)
Net Margin = 32.17% (Net Income TTM 356.5m / Revenue TTM 1.11b)
Gross Margin = 50.13% ((Revenue TTM 1.11b - Cost of Revenue TTM 552.6m) / Revenue TTM)
Gross Margin QoQ = 16.36% (prev 44.91%)
Tobins Q-Ratio = 1.71 (Enterprise Value 11.58b / Total Assets 6.76b)
Interest Expense / Debt = -4.58% (Interest Expense -139.8m / Debt 3.05b)
Taxrate = 0.64% (528.0k / 82.9m)
NOPAT = 347.8m (EBIT 350.1m * (1 - 0.64%))
Current Ratio = 2.54 (Total Current Assets 108.4m / Total Current Liabilities 42.7m)
Debt / Equity = 1.10 (Debt 3.05b / totalStockholderEquity, last quarter 2.78b)
Debt / EBITDA = -0.18 (Net Debt -108.4m / EBITDA 597.6m)
Debt / FCF = -0.17 (Net Debt -108.4m / FCF TTM 651.5m)
Total Stockholder Equity = 2.83b (last 4 quarters mean from totalStockholderEquity)
RoA = 5.27% (Net Income 356.5m / Total Assets 6.76b)
RoE = 12.60% (Net Income TTM 356.5m / Total Stockholder Equity 2.83b)
RoCE = 6.02% (EBIT 350.1m / Capital Employed (Equity 2.83b + L.T.Debt 2.99b))
RoIC = 5.72% (NOPAT 347.8m / Invested Capital 6.08b)
WACC = 5.92% (E(8.64b)/V(11.69b) * Re(9.62%) + D(3.05b)/V(11.69b) * Rd(-4.58%) * (1-Tc(0.01)))
Discount Rate = 9.62% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 0.66%
[DCF Debug] Terminal Value 73.55% ; FCFE base≈635.8m ; Y1≈667.1m ; Y5≈779.2m
Fair Price DCF = 45.67 (DCF Value 10.41b / Shares Outstanding 228.0m; 5y FCF grow 5.31% → 3.0% )
EPS Correlation: -32.67 | EPS CAGR: 0.0% | SUE: -0.97 | # QB: 0
Revenue Correlation: 88.56 | Revenue CAGR: 3.26% | SUE: 0.05 | # QB: 0

Additional Sources for CUBE Stock

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