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CubeSmart

Real Estate US CUBE

42.7USD
0.66(1.57%)

Last update at 2025-05-29T20:00:00Z

Day Range

41.9142.81
LowHigh

52 Week Range

34.2453.30
LowHigh

Fundamentals

  • Previous Close 42.04
  • Market Cap10009.23M
  • Volume2156522
  • P/E Ratio25.85
  • Dividend Yield4.76%
  • EBITDA696.14M
  • Revenue TTM1079.89M
  • Revenue Per Share TTM4.76
  • Gross Profit TTM 782.25M
  • Diluted EPS TTM1.69

Source: TradingView
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Analyst Recommendations

Financials

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Income before tax 292.47M 230.81M 167.61M 170.77M 165.49M
Minority interest -1.20900M 7.33M 1.99M 1.65M 1.60M
Net income 199.19M 130.58M 89.79M 84.05M 163.89M
Selling general administrative 54.62M 47.81M 41.42M 38.56M 37.71M
Selling and marketing expenses - - - - -
Gross profit 716.36M 570.46M 455.54M 434.18M 401.08M
Reconciled depreciation 314.51M 232.05M 159.25M 166.37M 145.66M
Ebit 385.76M 296.89M 254.81M 241.79M 217.04M
Ebitda 696.37M 528.94M 411.38M 405.33M 360.39M
Depreciation and amortization 310.61M 232.05M 156.57M 163.55M 143.35M
Non operating income net other - - - - 10.58M
Operating income 385.76M 296.89M 254.81M 241.79M 220.02M
Other operating expenses 658.49M 531.96M 421.63M 411.85M 377.93M
Interest expense 93.28M 78.45M 75.89M 72.53M 62.13M
Tax provision - - - - -
Interest income - - - 64.22M 65.31M
Net interest income -97.18100M -86.61600M -96.58400M -75.34400M -64.44500M
Extraordinary items - - - - -
Non recurring - - - - -
Other items - - - - -
Income tax expense 93.28M 100.24M 77.82M 86.72M 7.60M
Total revenue 1009.62M 822.56M 679.18M 643.91M 597.94M
Total operating expenses 365.23M 279.86M 198.00M 202.11M 181.06M
Cost of revenue 293.26M 252.10M 223.63M 209.74M 196.87M
Total other income expense net -93.28400M -66.07800M -87.20000M -71.01700M 9.92M
Discontinued operations - - - - -
Net income from continuing ops 292.47M 230.81M 167.61M 170.77M 165.49M
Net income applicable to common shares 291.26M 223.48M 165.62M 169.12M 163.89M
Preferred stock and other adjustments - - - - -
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Type yearly yearly yearly yearly yearly
Date 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Total assets 6394.18M 6225.02M 6325.83M 6548.08M 4778.14M
Intangible assets - 1.81M - - -
Earning assets - - - - -
Other current assets - 74.78M 72.34M 61.78M 11.60M
Total liab 3440.31M 3344.21M 3428.03M 3549.70M 2687.88M
Total stockholder equity 2871.86M 2798.83M 2826.20M 2871.56M 1832.22M
Deferred long term liab - - 38.76M 37.14M 29.09M
Other current liab -229.58100M 300.06M 112.96M 99.92M 68.30M
Common stock 2.28M 2.25M 2.25M 2.24M 1.97M
Capital stock 2.28M 2.25M 2.25M 2.24M 1.97M
Retained earnings -1415.66200M -1345.23900M -1301.03000M -1218.49800M -974.79900M
Other liab - - 39.84M 38.21M 30.16M
Good will - - - - -
Other assets 125.39M -60.03800M 6319.77M 6536.94M 4774.55M
Cash 71.56M 6.53M 6.06M 11.14M 3.59M
Cash and equivalents - - - - -
Total current liabilities 38.92M 373.82M 425.92M 546.95M 374.33M
Current deferred revenue 38.92M 38.48M 38.76M 37.14M 29.09M
Net debt 2980.65M 2981.96M 3055.86M 3200.45M 2426.68M
Short term debt - 4.72M 60.90M 209.90M 117.80M
Short long term debt - 18.10M 60.90M 209.90M 117.80M
Short long term debt total 3052.21M 2988.49M 3061.93M 3211.59M 2430.28M
Other stockholder equity 4285.57M 4142.23M 4125.48M 4088.39M 2805.67M
Property plant equipment - - 6048.00M 6097.67M 4505.81M
Total current assets 196.95M 114.49M 12.67M 62.63M 6.23M
Long term investments 91.97M 98.29M 105.99M 119.75M 92.07M
Net tangible assets - - 2883.62M 2979.78M 2081.63M
Short term investments - - - 119.75M -
Net receivables 10.37M 33.18M 30.02M 23.56M 18.96M
Long term debt 2986.55M 2904.68M 2935.27M 2935.89M 2246.88M
Inventory - -60.03800M -95.75100M -33.85200M -
Accounts payable 229.58M 35.27M 213.30M 199.99M 159.14M
Total permanent equity - - - - -
Noncontrolling interest in consolidated entity - - 14.18M 18.60M 8.63M
Temporary equity redeemable noncontrolling interests - - - - -
Accumulated other comprehensive income -0.33000M -0.41100M -0.49100M -0.57000M -0.63200M
Additional paid in capital - - - - -
Common stock total equity - - 2.25M 2.24M 1.97M
Preferred stock total equity - - - - -
Retained earnings total equity - - -1301.03000M -1218.49800M -974.79900M
Treasury stock - - - - -
Accumulated amortization - - - - -
Non currrent assets other 6045.49M 5959.96M 6156.49M 268.03M 174.03M
Deferred long term asset charges - - - - -
Non current assets total 6197.23M 6110.53M 6313.16M 6485.45M 4771.91M
Capital lease obligations 65.67M 65.71M 65.76M 65.80M 65.60M
Long term debt total - - 2935.27M 2935.89M 2246.88M
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Type yearly yearly yearly yearly yearly
Date 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Investments -173.95900M -72.37300M -48.76700M 38.33M -511.44100M
Change to liabilities - - 21.93M 18.79M 15.84M
Total cashflows from investing activities - - -48.76700M -1852.66800M -511.44100M
Net borrowings - - -152.88500M 822.98M 309.87M
Total cash from financing activities -387.66900M -518.02600M -547.09200M 1410.57M 108.20M
Change to operating activities - - 5.03M -5.32400M -7.76000M
Net income 391.88M 410.76M 292.47M 230.81M 167.61M
Change in cash 69.45M -0.70800M -4.39300M 7.09M -52.21200M
Begin period cash flow 8.22M 8.93M 13.32M 6.23M 58.44M
End period cash flow 77.66M 8.22M 8.93M 13.32M 6.23M
Total cash from operating activities 631.07M 611.14M 591.47M 449.19M 351.03M
Issuance of capital stock 118.27M - 4.88M 965.64M 120.73M
Depreciation 209.77M 205.38M 314.51M 240.22M 159.25M
Other cashflows from investing activities -117.15500M -93.79700M 64.59M -1631.23400M -38.16700M
Dividends paid 461.77M 442.22M 387.11M 273.84M 256.25M
Change to inventory - - - - -
Change to account receivables - - - - -
Sale purchase of stock - -0.27600M -1.40300M 1956.99M -0.68600M
Other cashflows from financing activities 6.27M -0.14200M 621.92M -36.48000M 851.79M
Change to netincome - - -39.79600M 3.14M 24.98M
Capital expenditures 0.00000M 39.85M 113.36M 221.43M 473.27M
Change receivables - - - - -
Cash flows other operating - - 2.36M -43.78000M -16.64300M
Exchange rate changes - - - - -
Cash and cash equivalents changes - - -4.39300M 7.09M -52.21200M
Change in working capital 16.11M -10.39200M 25.43M 9.55M 6.16M
Stock based compensation 11.49M 10.09M 9.08M 8.09M 7.14M
Other non cash items 1.82M -4.69700M -50.01900M -1.83500M -0.25900M
Free cash flow 631.07M 611.14M 591.47M 449.19M 351.03M

Peer Comparison

Sector: Real Estate Industry: REIT - Industrial

Company Change (USD) Price (USD) Trailing PE (x) Forward PE (x) Price Sales TTM (x) Price to Book Value (x) Enterprise Value to Revenue (x) Enterprise Value to EBITDA (x)
CUBE
CubeSmart		 0.66 1.57% 42.70 25.85 27.32 9.27 3.50 12.41 19.17
PLD
Prologis Inc		 1.31 1.21% 109.23 42.17 52.08 14.75 2.25 18.70 23.08
PSA
Public Storage		 3.86 1.28% 306.02 27.33 27.32 11.54 8.95 14.45 20.02
PLDGP
Prologis Inc		 - -% 55.85 10.93 - 5.05 -
EXR
Extra Space Storage Inc		 2.32 1.56% 150.81 28.98 28.74 14.47 2.23 19.14 26.72

Reports Covered

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Profile

CubeSmart is a self-administered and self-managed real estate investment trust. The Company's self-storage properties are designed to offer affordable, easily accessible and, in most locations, climate-controlled storage space for residential and commercial customers. According to the 2025 Self-Storage Almanac, CubeSmart is one of the top three owners and operators of self-storage properties in the United States.

CubeSmart

5 Old Lancaster Road, Malvern, PA, United States, 19355-2132

Key Executives

Name Title Year Born
Mr. Christopher P. Marr CEO, Pres & Trustee 1965
Mr. Timothy M. Martin CFO & Treasurer 1971
Mr. Joel D. Keaton Chief Operating Officer 1972
Mr. Jeffrey P. Foster Sr. VP, Chief Legal Officer & Sec. 1970
Mr. Charles W. Place Director, Investor Relations NA
Mr. Daniel Ruble CFA VP of Marketing NA
Mr. Joe Fitzgerald VP of Operations NA
Mr. Carey Parsons VP of Operations NA
Mr. Guy Middlebrooks VP of Third-Party Management NA
Joshua Schutzer Director of Financial Analysis NA

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