(CUBE) CubeSmart - Overview

Sector: Real Estate | Industry: REIT - Industrial | Exchange: NYSE (USA) | Market Cap: 9.022m USD | Total Return: -5.1% in 12m

Self-Storage, Real Estate, Property Management, Storage Units
Total Rating 25
Safety 9
Buy Signal -0.73
REIT - Industrial
Industry Rotation: -0.9
Market Cap: 9.02B
Avg Turnover: 92.4M
Risk 3d forecast
Volatility28.1%
VaR 5th Pctl4.96%
VaR vs Median7.04%
Reward TTM
Sharpe Ratio-0.32
Rel. Str. IBD35.7
Rel. Str. Peer Group56.3
Character TTM
Beta0.411
Beta Downside0.464
Hurst Exponent0.654
Drawdowns 3y
Max DD31.95%
CAGR/Max DD-0.01
CAGR/Mean DD-0.03
EPS (Earnings per Share) EPS (Earnings per Share) of CUBE over the last years for every Quarter: "2021-03": 0.21, "2021-06": 0.24, "2021-09": 0.43, "2021-12": 0.29, "2022-03": 0.17, "2022-06": 0.26, "2022-09": 0.5, "2022-12": 0.36, "2023-03": 0.43, "2023-06": 0.43, "2023-09": 0.45, "2023-12": 0.5, "2024-03": 0.42, "2024-06": 0.41, "2024-09": 0.44, "2024-12": 0.45, "2025-03": 0.39, "2025-06": 0.36, "2025-09": 0.36, "2025-12": 0.34, "2026-03": 0.36,
EPS CAGR: 9.07%
EPS Trend: -12.0%
Last SUE: 1.21
Qual. Beats: 1
Revenue Revenue of CUBE over the last years for every Quarter: 2021-03: 189.284, 2021-06: 199.696, 2021-09: 213.38, 2021-12: 222.579, 2022-03: 238.859, 2022-06: 249.344, 2022-09: 262.261, 2022-12: 262.332, 2023-03: 257.366, 2023-06: 261.595, 2023-09: 267.876, 2023-12: 266.728, 2024-03: 261.406, 2024-06: 266.209, 2024-09: 270.89, 2024-12: 267.726, 2025-03: 273.036, 2025-06: 282.303, 2025-09: 285.08, 2025-12: 282.691, 2026-03: 281.929,
Rev. CAGR: 3.33%
Rev. Trend: 91.3%
Last SUE: 0.70
Qual. Beats: 0

Warnings

Beneish M-Score 1.00 > -1.5 - likely earnings manipulation

Altman Z'' -1.49 < 1.0 - financial distress zone

Tailwinds

No distinct edge detected

Description: CUBE CubeSmart

CubeSmart (NYSE: CUBE) is a Maryland-incorporated real estate investment trust (REIT) that ranks among the three largest owners and operators of self-storage facilities in the United States. The company operates a portfolio of 1,514 properties, providing climate-controlled and accessible storage solutions for both individual and commercial tenants.

The self-storage business model relies on high-margin, month-to-month leases that allow operators to adjust rental rates quickly in response to inflation or local demand shifts. This sector typically experiences steady demand driven by life events such as relocation, marriage, or downsizing, making it less sensitive to broader economic cycles than office or retail real estate.

For a deeper look at the companys valuation metrics, consider reviewing the data on ValueRay. CubeSmart maintains its market position through a combination of direct property ownership and third-party management services, which generates fee-based income without the capital requirements of asset acquisition.

Headlines to Watch Out For
  • Urban market concentration increases sensitivity to household mobility and migration trends
  • High interest rates elevate cost of capital for property acquisition and development
  • Third-party management fees provide high-margin recurring revenue without direct capital risk
  • Consumer discretionary spending levels dictate demand for climate-controlled premium storage units
  • Supply growth in core metropolitan regions pressures occupancy rates and rental pricing
Piotroski VR‑10 (Strict) 3.0
Net Income: 327.5m TTM > 0 and > 6% of Revenue
FCF/TA: 0.09 > 0.02 and ΔFCF/TA -0.05 > 1.0
NWC/Revenue: -60.12% < 20% (prev -59.48%; Δ -0.64% < -1%)
CFO/TA 0.09 > 3% & CFO 611.8m > Net Income 327.5m
Net Debt (3.50b) to EBITDA (707.1m): 4.95 < 3
Current Ratio: 0.15 > 1.5 & < 3
Outstanding Shares: last quarter (228.2m) vs 12m ago -0.42% < -2%
Gross Margin: 11.86% > 18% (prev 0.70%; Δ 1.12k% > 0.5%)
Asset Turnover: 16.97% > 50% (prev 15.99%; Δ 0.98% > 0%)
Interest Coverage Ratio: 1.94 > 6 (EBITDA TTM 707.1m / Interest Expense TTM 229.3m)
Altman Z'' -1.49
A: -0.10 (Total Current Assets 122.8m - Total Current Liabilities 803.4m) / Total Assets 6.60b
B: -0.25 (Retained Earnings -1.66b / Total Assets 6.60b)
C: 0.07 (EBIT TTM 444.2m / Avg Total Assets 6.67b)
D: -0.43 (Book Value of Equity -1.65b / Total Liabilities 3.89b)
Altman-Z'' Score: -1.49 = CCC
Beneish M 1.00
DSRI: 0.95 (Receivables 33.5m/33.8m, Revenue 1.13b/1.08b)
GMI: 5.90 (GM 11.86% / 69.97%)
AQI: 1.00 (AQ_t 0.97 / AQ_t-1 0.97)
SGI: 1.05 (Revenue 1.13b / 1.08b)
TATA: -0.04 (NI 327.5m - CFO 611.8m) / TA 6.60b)
Beneish M-Score: 1.36 (Cap -4..+1) = D
What is the price of CUBE shares? As of May 17, 2026, the stock is trading at USD 38.36 with a total of 2,124,035 shares traded.
Over the past week, the price has changed by -5.19%, over one month by -1.51%, over three months by +0.19% and over the past year by -5.06%.
Is CUBE a buy, sell or hold? CubeSmart has received a consensus analysts rating of 3.59. Therefor, it is recommend to hold CUBE.
  • StrongBuy: 4
  • Buy: 2
  • Hold: 11
  • Sell: 0
  • StrongSell: 0
What are the forecasts/targets for the CUBE price?
Analysts Target Price 42.4 10.5%
CubeSmart (CUBE) - Fundamental Data Overview as of 16 May 2026
P/E Trailing = 27.7203
P/E Forward = 23.753
P/S = 7.9514
P/B = 3.4578
P/EG = 5.3307
Revenue TTM = 1.13b USD
EBIT TTM = 444.2m USD
EBITDA TTM = 707.1m USD
Long Term Debt = 3.02b USD (from longTermDebt, last quarter)
Short Term Debt = 415.1m USD (from shortTermDebt, last quarter)
Debt = 3.51b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 3.50b USD (from netDebt column, last quarter)
Enterprise Value = 12.52b USD (9.02b + Debt 3.51b - CCE 7.26m)
Interest Coverage Ratio = 1.94 (Ebit TTM 444.2m / Interest Expense TTM 229.3m)
EV/FCF = 20.49x (Enterprise Value 12.52b / FCF TTM 611.0m)
FCF Yield = 4.88% (FCF TTM 611.0m / Enterprise Value 12.52b)
FCF Margin = 53.98% (FCF TTM 611.0m / Revenue TTM 1.13b)
Net Margin = 28.93% (Net Income TTM 327.5m / Revenue TTM 1.13b)
Gross Margin = 11.86% ((Revenue TTM 1.13b - Cost of Revenue TTM 997.7m) / Revenue TTM)
Gross Margin QoQ = 24.47% (prev -90.46%)
Tobins Q-Ratio = 1.90 (Enterprise Value 12.52b / Total Assets 6.60b)
Interest Expense / Debt = 0.88% (Interest Expense 30.9m / Debt 3.51b)
Taxrate = 21.0% (US default 21%)
NOPAT = 350.9m (EBIT 444.2m * (1 - 21.00%))
Current Ratio = 0.15 (Total Current Assets 122.8m / Total Current Liabilities 803.4m)
Debt / Equity = 1.32 (Debt 3.51b / totalStockholderEquity, last quarter 2.65b)
Debt / EBITDA = 4.95 (Net Debt 3.50b / EBITDA 707.1m)
Debt / FCF = 5.72 (Net Debt 3.50b / FCF TTM 611.0m)
Total Stockholder Equity = 2.74b (last 4 quarters mean from totalStockholderEquity)
RoA = 4.91% (Net Income 327.5m / Total Assets 6.60b)
RoE = 11.95% (Net Income TTM 327.5m / Total Stockholder Equity 2.74b)
RoCE = 7.70% (EBIT 444.2m / Capital Employed (Equity 2.74b + L.T.Debt 3.02b))
RoIC = 5.71% (NOPAT 350.9m / Invested Capital 6.15b)
WACC = 5.55% (E(9.02b)/V(12.53b) * Re(7.43%) + D(3.51b)/V(12.53b) * Rd(0.88%) * (1-Tc(0.21)))
Discount Rate = 7.43% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.92%
Shares (quarterly) Correlation: 60.0 | Cagr: 0.38%
[DCF] Terminal Value 86.65% ; FCFF base≈617.5m ; Y1≈637.6m ; Y5≈721.0m
[DCF] Fair Price = 78.84 (EV 21.35b - Net Debt 3.50b = Equity 17.85b / Shares 226.4m; r=6.0% [WACC]; 5y FCF grow 3.29% → 3.0% )
EPS Correlation: -12.00 | EPS CAGR: 9.07% | SUE: 1.21 | # QB: 1
Revenue Correlation: 91.33 | Revenue CAGR: 3.33% | SUE: 0.70 | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.37 | Chg30d=+5.44% | Revisions=-20% | Analysts=1
EPS next Quarter (2026-09-30): EPS=0.38 | Chg30d=+6.50% | Revisions=-33% | Analysts=1
EPS current Year (2026-12-31): EPS=1.43 | Chg30d=+0.74% | Revisions=+0% | GrowthEPS=-2.0% | GrowthRev=+0.9%
EPS next Year (2027-12-31): EPS=1.48 | Chg30d=+0.62% | Revisions=-14% | GrowthEPS=+3.8% | GrowthRev=+3.4%
[Analyst] Revisions Ratio: -33%