CUBE Stock Analysis: CubeSmart | NYSE
REIT - Industrial | NYSE, USA | Market Cap: 9.157m USD | 12M Return: -0.9% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 78.6M
EPS Trend: -37.6%
Qual. Beats: 1
Rev. Trend: 95.8%
Qual. Beats: 0
Warnings
Tailwinds
No distinct edge detected
Seasonality 10.5 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 or manages 1,514 self-storage properties across the United States. The company ranks among the top three owners and operators of self-storage facilities in the U.S. according to the 2025 Self Storage Almanac. Its portfolio primarily consists of affordable, easily accessible, and typically climate-controlled storage units leased to both residential and commercial customers. The company was incorporated in 2004 in Maryland and is headquartered in Malvern, Pennsylvania, trading as a mid-cap stock within the Real Estate sectors Self-Storage REITs sub-industry.
The self-storage REIT model generates revenue primarily through monthly rental fees on storage units, with operators benefiting from recurring contractual income and low variable costs per unit. Like all REITs, CubeSmart is required to distribute a substantial portion of its taxable income to shareholders in the form of dividends, which generally makes REIT equities income-oriented investments. The broader U.S. self-storage industry has historically demonstrated relative resilience during economic downturns, as demand is often supported by life transitions such as moving, downsizing, and small business storage needs.
- Same-store revenue growth driven by occupancy and rental rate gains
- Acquisition pipeline expands self-storage portfolio across key markets
- Interest rate moves pressure REIT valuations and cost of capital
- Competition with Public Storage intensifies on pricing power
| 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 (3.56b) to EBITDA (707.1m): 5.04 < 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 69.97%; Δ -58.11% > 0.5%) |
| Asset Turnover: 16.97% > 50% (prev 15.99%; Δ 0.98% > 0%) |
| Interest Coverage Ratio: 1.94 > 6 (EBIT TTM 444.2m / Interest Expense TTM 229.3m) |
| 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: 0.68 (Book Value of Equity 2.65b / Total Liabilities 3.89b) |
| Altman-Z'' = -0.33 = B |
| DSRI: 0.95 (Receivables 33.5m/33.8m, Revenue 1.13b/1.08b) |
| GMI: 5.90 (GM 69.97% / 11.86%) |
| 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 = 1.40 (Cap -4..+1) = D |
As of July 11, 2026, the stock is trading at USD 39.79 with a total of 1,034,381 shares traded. Over the past week, the price has changed by -0.85%, over one month by -3.27%, over three months by +3.80% and over the past year by -0.92%.
Current recommended Stop Loss: 38.50 (which is 3.2% or 1.4 ATR below the current price).
CubeSmart has received a consensus analysts rating of 3.59. Therefore, it is recommended to hold CUBE.
- StrongBuy: 4
- Buy: 2
- Hold: 11
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 43.5 | 9.2% |
P/E Trailing = 28.1329
P/E Forward = 23.753
P/S = 8.0698
P/B = 3.5023
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 = 3.57b USD (from shortLongTermDebtTotal, last quarter) + Leases 65.5m
Net Debt = 3.56b USD (calculated: Debt 3.57b - CCE 7.26m)
Enterprise Value = 12.7b USD (9.16b + Debt 3.57b - CCE 7.26m)
Interest Coverage Ratio = 1.94 (Ebit TTM 444.2m / Interest Expense TTM 229.3m)
EV/FCF = 20.82x (Enterprise Value 12.7b / FCF TTM 611.0m)
FCF Yield = 4.80% (FCF TTM 611.0m / Enterprise Value 12.7b)
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 = 1.93 (Enterprise Value 12.7b / Total Assets 6.60b)
Interest Expense / Debt = 6.42% (Interest Expense 229.3m / Debt 3.57b)
Taxrate = 21.0% (US federal 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 = 1.35 (Debt 3.57b / totalStockholderEquity, last quarter 2.65b)
Debt / EBITDA = 5.04 (Net Debt 3.56b / EBITDA 707.1m)
Debt / FCF = 5.83 (Net Debt 3.56b / 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 = 5.66% (NOPAT 350.9m / Invested Capital 6.20b)
WACC = 6.41% (E(9.16b)/V(12.7b) * Re(6.93%) + D(3.57b)/V(12.7b) * Rd(6.42%) * (1-Tc(0.21)))
Discount Rate = 6.93% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 60.0 | Cagr: 0.38%
[DCF] Terminal Value 75.08% ; FCFF base≈617.5m ; Y1≈606.7m ; Y5≈615.2m
[DCF] Fair Price = 26.72 (EV 9.61b - Net Debt 3.56b = Equity 6.05b / Shares 226.4m; r=8.35% [WACC [floored]]; 5y FCF grow -2.59% → 2.50% )
EPS Correlation: -37.59 | EPS CAGR: -1.76% | SUE: 2.23 | # QB: 1
Revenue Correlation: 95.81 | Revenue CAGR: 2.94% | SUE: 0.70 | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.36 | Chg30d=-4.24% | Revisions=+0% | Analysts=5
EPS next Quarter (2026-09-30): EPS=0.37 | Chg30d=-2.92% | Revisions=+0% | Analysts=5
EPS current Year (2026-12-31): EPS=1.46 | Chg30d=+1.13% | Revisions=+17% | GrowthEPS=-0.3% | GrowthRev=+1.1%
EPS next Year (2027-12-31): EPS=1.50 | Chg30d=+0.18% | Revisions=+0% | GrowthEPS=+2.8% | GrowthRev=+3.3%
[Analyst] Revisions Ratio: +12% (up=3, down=2)