CUBE Stock Analysis: CubeSmart | NYSE
REIT - Industrial | NYSE, USA | Market Cap: 8.742m USD | 12M Return: 0.7% | US2296631094 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 99.1M
EPS Trend: 7.7%
Qual. Beats: 0
Rev. Trend: 96.8%
Qual. Beats: 0
Warnings
Tailwinds
Seasonality 11.7 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: 334.1m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.09 > 0.02 and ΔFCF/TA -0.61 > 1.0 |
| NWC/Revenue: -25.31% < 20% (prev -57.61%; Δ 32.30% < -1%) |
| CFO/TA 0.09 > 3% & CFO 598.6m > Net Income 334.1m |
| Net Debt (3.59b) to EBITDA (704.7m): 5.10 < 3 |
| Current Ratio: 0.15 > 1.5 & < 3 |
| Outstanding Shares: last quarter (228.2m) vs 12m ago -0.47% < -2% |
| Gross Margin: 17.42% > 18% (prev 63.80%; Δ -46.37% > 0.5%) |
| Asset Turnover: 17.09% > 50% (prev 16.31%; Δ 0.79% > 0%) |
| Interest Coverage Ratio: 1.96 > 6 (EBIT TTM 453.6m / Interest Expense TTM 231.6m) |
| A: -0.04 (Total Current Assets 52.8m - Total Current Liabilities 340.4m) / Total Assets 6.58b |
| B: -0.26 (Retained Earnings -1.73b / Total Assets 6.58b) |
| C: 0.07 (EBIT TTM 453.6m / Avg Total Assets 6.65b) |
| D: 0.65 (Book Value of Equity 2.58b / Total Liabilities 3.95b) |
| Altman-Z'' = -0.00 = B |
| DSRI: 0.88 (Receivables 36.2m/39.6m, Revenue 1.14b/1.09b) |
| GMI: 3.66 (GM 63.80% / 17.42%) |
| AQI: 1.01 (AQ_t 0.98 / AQ_t-1 0.97) |
| SGI: 1.04 (Revenue 1.14b / 1.09b) |
| TATA: -0.04 (NI 334.1m - CFO 598.6m) / TA 6.58b) |
| Beneish M = -0.68 (Cap -4..+1) = D |
As of September 27, 2026, the stock is trading at USD 37.82 with a total of 2,593,069 shares traded. Over the past week, the price has changed by -4.37%, over one month by -6.89%, over three months by -5.71% and over the past year by +0.69%.
Current recommended Stop Loss: 36.70 (which is 3% or 1.5 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 | 43.9 | 16.2% |
P/E Trailing = 26.2313
P/E Forward = 24.4499
P/S = 7.6639
P/B = 3.4675
P/EG = 5.3307
Revenue TTM = 1.14b USD
EBIT TTM = 453.6m USD
EBITDA TTM = 704.7m USD
Long Term Debt = 3.03b USD (from longTermDebt, last quarter)
Short Term Debt = 340.4m USD (from shortTermDebt, last quarter)
Debt = 3.61b USD (from shortLongTermDebtTotal, last quarter) + Leases 65.5m
Net Debt = 3.59b USD (calculated: Debt 3.61b - CCE 14.3m)
Enterprise Value = 12.3b USD (8.74b + Debt 3.61b - CCE 14.3m)
Interest Coverage Ratio = 1.96 (Ebit TTM 453.6m / Interest Expense TTM 231.6m)
EV/FCF = 21.94x (Enterprise Value 12.3b / FCF TTM 562.3m)
FCF Yield = 4.56% (FCF TTM 562.3m / Enterprise Value 12.3b)
FCF Margin = 49.49% (FCF TTM 562.3m / Revenue TTM 1.14b)
Net Margin = 29.41% (Net Income TTM 334.1m / Revenue TTM 1.14b)
Gross Margin = 17.42% ((Revenue TTM 1.14b - Cost of Revenue TTM 938.2m) / Revenue TTM)
Gross Margin QoQ = 66.48% (prev 24.47%)
Tobins Q-Ratio = 1.87 (Enterprise Value 12.3b / Total Assets 6.58b)
Interest Expense / Debt = 6.42% (Interest Expense 231.6m / Debt 3.61b)
Taxrate = 21.0% (US federal default 21%)
NOPAT = 358.4m (EBIT 453.6m * (1 - 21.00%))
Current Ratio = 0.15 (Total Current Assets 52.8m / Total Current Liabilities 340.4m)
Debt / Equity = 1.40 (Debt 3.61b / totalStockholderEquity, last quarter 2.58b)
Debt / EBITDA = 5.10 (Net Debt 3.59b / EBITDA 704.7m)
Debt / FCF = 6.39 (Net Debt 3.59b / FCF TTM 562.3m)
Total Stockholder Equity = 2.68b (last 4 quarters mean from totalStockholderEquity)
RoA = 5.03% (Net Income 334.1m / Total Assets 6.58b)
RoE = 12.45% (Net Income TTM 334.1m / Total Stockholder Equity 2.68b)
RoCE = 7.95% (EBIT 453.6m / Capital Employed (Equity 2.68b + L.T.Debt 3.03b))
RoIC = 5.45% (NOPAT 358.4m / Invested Capital 6.57b)
WACC = 6.06% (E(8.74b)/V(12.3b) * Re(6.46%) + D(3.61b)/V(12.3b) * Rd(6.42%) * (1-Tc(0.21)))
Discount Rate = 6.46% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 65.48 | Cagr: 0.32%
[DCF] Terminal Value 74.22% ; FCFF base≈582.9m ; Y1≈544.1m ; Y5≈498.0m
[DCF] Fair Price = 18.98 (EV 7.87b - Net Debt 3.59b = Equity 4.28b / Shares 225.5m; r=8.35% [WACC [floored]]; 5y FCF grow -8.39% → 2.50% )
EPS Correlation: 7.67 | EPS CAGR: 0.51% | SUE: -0.71 | # QB: 0
Revenue Correlation: 96.79 | Revenue CAGR: 3.19% | SUE: 0.82 | # QB: 0
EPS current Quarter (2026-09-30): EPS=0.41 | Chg30d=+12.50% | Revisions=+50% | Analysts=5
EPS current Year (2026-12-31): EPS=1.49 | Chg30d=+0.13% | Revisions=+40% | GrowthEPS=+2.2% | GrowthRev=+1.0%
EPS next Year (2027-12-31): EPS=1.57 | Chg30d=+5.74% | Revisions=+50% | GrowthEPS=+5.4% | GrowthRev=+3.1%
[Analyst] Revisions Ratio: +73% (up=8, down=0)