Symbols / CUBE $39.09 -1.26% CubeSmart

Real Estate • REIT - Industrial • United States • NYQ
CUBE Chart
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About

CubeSmart is a self-administered and self-managed real estate investment trust. CubeSmart owns or manages 1,514 self-storage properties across the United States. According to the 2025 Self Storage Almanac, CubeSmart is one of the top three owners and operators of self-storage properties in the U.S. Its mission is to simplify the organizational and logistical challenges created by the many life events and business needs of its customers through innovative solutions, unparalleled service, and genuine care. Its self-storage properties are designed to offer affordable, easily accessible, and, in most locations, climate-controlled storage space for residential and commercial customers. CubeSmart was incorporated in 2004 in Maryland.

Fundamentals
Scroll to Statements
Market Cap 9.16B Enterprise Value 12.45B Income 333.78M Sales 1.13B Book/sh 11.97 Cash/sh 0.03
Dividend Yield 5.42% Payout 143.15% Employees 3121 IPO — P/E 26.77 Forward P/E 26.51
PEG 5.33 P/S — P/B 3.27 P/C — EV/EBITDA 17.55 EV/Sales 11.06
Quick Ratio 0.05 Current Ratio 0.09 Debt/Eq 126.45 LT Debt/Eq — EPS (ttm) 1.46 EPS next Y 1.47
EPS Growth -21.70% Revenue Growth 5.60% Earnings 2026-04-30 ROA 4.33% ROE 11.55% ROIC —
Gross Margin 71.47% Oper. Margin 39.49% Profit Margin 29.65% Shs Outstand — Shs Float 224.98M Short Float 4.09%
Short Ratio 2.65 Short Interest — 52W High 44.13 52W Low 35.09 Beta 1.13 Avg Volume 2.37M
Volume 2.37M Target Price $42.00 Recom Buy Prev Close $39.59 Price $39.09 Change -1.26%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$42.00
Mean price target
2. Current target
$39.09
Latest analyst target
3. DCF / Fair value
$21.90
Fallback: EPS × 15 (assumed fair P/E). No FCF data; use with …
Ratings
Current target
$39.09
Low
$37.00
High
$48.00
Mean
$42.00

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-04-16 main Wells Fargo Equal-Weight → Equal-Weight $39
2026-03-13 main Scotiabank Sector Perform → Sector Perform $42
2026-03-05 main Barclays Equal-Weight → Equal-Weight $45
2026-03-02 main RBC Capital Outperform → Outperform $46
2026-02-05 main Wells Fargo Equal-Weight → Equal-Weight $40
2026-01-26 down Wolfe Research Outperform → Peer Perform —
2026-01-13 main Barclays Equal-Weight → Equal-Weight $43
2026-01-08 main UBS Neutral → Neutral $37
2025-12-16 main Truist Securities Buy → Buy $42
2025-12-05 main Mizuho Neutral → Neutral $38
2025-11-10 down Keybanc Overweight → Sector Weight —
2025-11-03 main RBC Capital Outperform → Outperform $46
2025-11-03 main Evercore ISI Group Outperform → Outperform $48
2025-10-03 main Evercore ISI Group Outperform → Outperform $49
2025-09-16 main UBS Neutral → Neutral $42
2025-09-15 up Evercore ISI Group In-Line → Outperform $48
2025-08-25 main Citigroup Neutral → Neutral $43
2025-08-08 main Barclays Equal-Weight → Equal-Weight $45
2025-08-04 main Evercore ISI Group In-Line → In-Line $47
2025-08-04 main RBC Capital Outperform → Outperform $47
News
RSS: Latest CUBE news
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-03-03 FOSTER JEFFREY P. Officer — 23,148 $41.02 $949,420
2026-03-03 FOSTER JEFFREY P. Officer — 23,148 $26.30 $608,792
2025-12-31 DENARIE MATTHEW D Officer — 3,986 $0.00 $48,704
2025-12-31 SCHULTE JENNIFER Officer — 6,231 $0.00 $66,296
2025-12-31 MARR CHRISTOPHER PAUL Chief Executive Officer — 73,208 $0.00 $799,156
2025-12-31 MARTIN TIMOTHY M Chief Financial Officer — 26,180 $0.00 $302,135
2025-12-31 FOSTER JEFFREY P. Officer — 12,067 $0.00 $126,680
2025-12-15 MARR CHRISTOPHER PAUL Chief Executive Officer — 47,604 $36.55 $1,739,923
2025-12-12 MARR CHRISTOPHER PAUL Chief Executive Officer — 87,604 $30.32 $2,656,153
2025-12-12 MARTIN TIMOTHY M Chief Financial Officer — 29,566 $30.32 $896,441
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
1,123.11
+5.33%
1,066.23
+1.51%
1,050.33
+4.03%
1,009.62
Operating Revenue
1,123.11
+5.33%
1,066.23
+1.51%
1,050.33
+4.03%
1,009.62
Cost Of Revenue
351.40
+10.59%
317.75
+7.79%
294.78
+0.52%
293.26
Reconciled Cost Of Revenue
346.43
+10.44%
313.68
+7.93%
290.64
+0.44%
289.36
Gross Profit
771.71
+3.10%
748.48
-0.94%
755.55
+5.47%
716.36
Operating Expense
322.81
+21.65%
265.37
+2.74%
258.28
-29.28%
365.23
Selling General And Administration
64.66
+8.37%
59.66
+4.60%
57.04
+4.43%
54.62
General And Administrative Expense
64.66
+8.37%
59.66
+4.60%
57.04
+4.43%
54.62
Other Gand A
64.66
+8.37%
59.66
+4.60%
57.04
+4.43%
54.62
Total Expenses
674.21
+15.62%
583.12
+5.43%
553.06
-16.01%
658.49
Operating Income
448.90
-7.08%
483.12
-2.85%
497.27
+41.62%
351.13
EBITDA
708.54
+2.32%
692.48
-2.59%
710.88
+1.52%
700.26
Normalized EBITDA
712.23
+2.85%
692.48
-2.59%
710.88
+1.52%
700.26
Reconciled Depreciation
263.12
+25.43%
209.77
+2.14%
205.38
-34.70%
314.51
EBIT
445.42
-7.73%
482.70
-4.51%
505.50
+31.04%
385.76
Total Unusual Items
-3.69
0.00
0.00
0.00
Total Unusual Items Excluding Goodwill
-3.69
0.00
0.00
0.00
Special Income Charges
-3.69
0.00
0.00
0.00
Other Special Charges
3.69
—
—
—
Net Income
333.78
-14.67%
391.18
-4.77%
410.76
+41.03%
291.26
Pretax Income
331.32
-15.46%
391.88
-4.98%
412.44
+41.02%
292.47
Net Non Operating Interest Income Expense
-119.07
-25.49%
-94.89
+2.39%
-97.21
-0.03%
-97.18
Interest Expense Non Operating
114.10
+25.63%
90.82
-2.41%
93.06
-0.23%
93.28
Net Interest Income
-119.07
-25.49%
-94.89
+2.39%
-97.21
-0.03%
-97.18
Interest Expense
114.10
+25.63%
90.82
-2.41%
93.06
-0.23%
93.28
Other Income Expense
1.49
-59.28%
3.66
-70.43%
12.37
-67.90%
38.52
Other Non Operating Income Expenses
2.72
+134.97%
1.16
-81.56%
6.28
+160.66%
-10.36
Gain On Sale Of Security
—
—
—
—
Tax Rate For Calcs
0.00
+0.00%
0.00
+0.00%
0.00
+0.00%
0.00
Tax Effect Of Unusual Items
-0.78
0.00
0.00
0.00
Net Income Including Noncontrolling Interests
331.32
-15.46%
391.88
-4.98%
412.44
+41.02%
292.47
Net Income From Continuing And Discontinued Operation
333.78
-14.67%
391.18
-4.77%
410.76
+41.03%
291.26
Net Income Continuous Operations
331.32
-15.46%
391.88
-4.98%
412.44
+41.02%
292.47
Minority Interests
2.46
+449.65%
-0.70
+57.99%
-1.68
-38.79%
-1.21
Normalized Income
336.70
-13.93%
391.18
-4.77%
410.76
+41.03%
291.26
Net Income Common Stockholders
333.78
-14.67%
391.18
-4.77%
410.76
+41.03%
291.26
Diluted EPS
1.46
-15.12%
1.72
-5.49%
1.82
+41.09%
1.29
Basic EPS
1.46
-15.61%
1.73
-4.95%
1.82
+41.09%
1.29
Basic Average Shares
228.73
+1.05%
226.35
+0.41%
225.42
+0.22%
224.93
Diluted Average Shares
229.16
+0.88%
227.15
+0.40%
226.24
+0.16%
225.88
Diluted NI Availto Com Stockholders
333.78
-14.67%
391.18
-4.77%
410.76
+41.03%
291.26
Depreciation Amortization Depletion Income Statement
258.15
+25.50%
205.70
+2.22%
201.24
-35.21%
310.61
Depreciation And Amortization In Income Statement
258.15
+25.50%
205.70
+2.22%
201.24
-35.21%
310.61
Earnings From Equity Interest
2.46
-1.56%
2.50
-58.93%
6.08
-87.55%
48.88
Total Other Finance Cost
4.97
+22.25%
4.07
-1.79%
4.14
+6.26%
3.90
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Assets
6,643.19
+3.89%
6,394.18
+2.72%
6,225.02
-1.59%
6,325.83
Current Assets
126.56
-35.74%
196.95
+72.03%
114.49
+5.59%
108.42
Cash Cash Equivalents And Short Term Investments
5.78
-91.92%
71.56
+996.54%
6.53
+7.62%
6.06
Cash And Cash Equivalents
5.78
-91.92%
71.56
+996.54%
6.53
+7.62%
6.06
Receivables
33.85
-16.39%
40.49
+22.01%
33.18
+10.54%
30.02
Accounts Receivable
9.70
-6.47%
10.37
+15.97%
8.94
+12.76%
7.93
Other Receivables
—
6.25
+0.90%
6.19
+0.90%
6.14
Prepaid Assets
15.30
+1.75%
15.04
+15.25%
13.05
+28.42%
10.16
Restricted Cash
71.62
+2.51%
69.86
+13.18%
61.73
+5.64%
58.43
Assets Held For Sale Current
—
—
0.00
-100.00%
3.75
Total Non Current Assets
6,516.63
+5.15%
6,197.23
+1.42%
6,110.53
-1.72%
6,217.41
Net PPE
48.42
-2.05%
49.44
-2.06%
50.48
+1.99%
49.49
Gross PPE
48.42
-2.05%
49.44
-2.06%
50.48
+1.99%
49.49
Other Properties
48.42
-2.05%
49.44
-2.06%
50.48
+1.99%
49.49
Goodwill And Other Intangible Assets
7.79
-24.58%
10.33
+472.09%
1.81
+52.92%
1.18
Investments And Advances
74.03
-19.50%
91.97
-6.42%
98.29
-7.27%
105.99
Long Term Equity Investment
74.03
-19.50%
91.97
-6.42%
98.29
-7.27%
105.99
Non Current Deferred Assets
—
—
—
—
Other Non Current Assets
10.54
+44.29%
7.30
-16.31%
8.73
-31.50%
12.74
Total Liabilities Net Minority Interest
3,861.12
+12.23%
3,440.31
+2.87%
3,344.21
-2.45%
3,428.03
Current Liabilities
771.58
+98.81%
388.10
+3.82%
373.82
-12.45%
427.00
Payables And Accrued Expenses
351.19
+0.57%
349.18
+10.07%
317.24
-2.56%
325.57
Payables
351.19
+0.57%
349.18
+10.07%
317.24
-2.56%
325.57
Accounts Payable
229.67
+0.04%
229.58
+13.98%
201.42
-6.05%
214.38
Dividends Payable
121.52
+1.60%
119.60
+3.26%
115.82
+4.16%
111.19
Current Debt And Capital Lease Obligation
378.80
—
18.10
-70.28%
60.90
Current Debt
378.80
—
18.10
-70.28%
60.90
Current Deferred Liabilities
41.59
+6.87%
38.92
+1.13%
38.48
-0.71%
38.76
Current Deferred Revenue
41.59
+6.87%
38.92
+1.13%
38.48
-0.71%
38.76
Other Current Liabilities
—
—
—
1.77
Total Non Current Liabilities Net Minority Interest
3,089.54
+1.22%
3,052.21
+2.75%
2,970.39
-1.02%
3,001.03
Long Term Debt And Capital Lease Obligation
3,089.54
+1.22%
3,052.21
+2.75%
2,970.39
-1.02%
3,001.03
Long Term Debt
3,023.96
+1.25%
2,986.55
+2.82%
2,904.68
-1.04%
2,935.27
Long Term Capital Lease Obligation
65.58
-0.14%
65.67
-0.07%
65.71
-0.07%
65.76
Non Current Deferred Liabilities
—
—
—
—
Non Current Deferred Revenue
—
—
—
—
Other Non Current Liabilities
—
—
—
1.09
Preferred Securities Outside Stock Equity
—
—
—
—
Stockholders Equity
2,719.44
-5.31%
2,871.86
+2.61%
2,798.83
-0.97%
2,826.20
Common Stock Equity
2,719.44
-5.31%
2,871.86
+2.61%
2,798.83
-0.97%
2,826.20
Capital Stock
2.27
-0.22%
2.28
+1.29%
2.25
+0.13%
2.25
Common Stock
2.27
-0.22%
2.28
+1.29%
2.25
+0.13%
2.25
Share Issued
227.27
-0.22%
227.76
+1.26%
224.92
+0.14%
224.60
Ordinary Shares Number
227.27
-0.22%
227.76
+1.26%
224.92
+0.14%
224.60
Additional Paid In Capital
4,302.55
+0.40%
4,285.57
+3.46%
4,142.23
+0.41%
4,125.48
Retained Earnings
-1,585.13
-11.97%
-1,415.66
-5.23%
-1,345.24
-3.40%
-1,301.03
Gains Losses Not Affecting Retained Earnings
-0.25
+24.55%
-0.33
+19.71%
-0.41
+16.29%
-0.49
Minority Interest
62.63
-23.63%
82.01
+0.04%
81.98
+14.50%
71.60
Other Equity Adjustments
-0.25
+24.55%
-0.33
+19.71%
-0.41
+16.29%
-0.49
Total Equity Gross Minority Interest
2,782.08
-5.82%
2,953.87
+2.54%
2,880.81
-0.59%
2,897.80
Total Capitalization
5,743.40
-1.96%
5,858.40
+2.72%
5,703.50
-1.01%
5,761.47
Working Capital
-645.02
-237.44%
-191.15
+26.29%
-259.33
+18.60%
-318.58
Invested Capital
6,122.20
+4.50%
5,858.40
+2.39%
5,721.60
-1.73%
5,822.37
Total Debt
3,468.34
+13.63%
3,052.21
+2.13%
2,988.49
-2.40%
3,061.93
Net Debt
3,396.98
+16.54%
2,914.99
-0.04%
2,916.25
-2.47%
2,990.10
Capital Lease Obligations
65.58
-0.14%
65.67
-0.07%
65.71
-0.07%
65.76
Net Tangible Assets
2,711.65
-5.24%
2,861.52
+2.31%
2,797.02
-0.99%
2,825.02
Tangible Book Value
2,711.65
-5.24%
2,861.52
+2.31%
2,797.02
-0.99%
2,825.02
Duefrom Related Parties Current
19.15
+1.52%
18.87
+4.55%
18.05
+13.16%
15.95
Investment Properties
6,375.85
+5.59%
6,038.19
+1.46%
5,951.24
-1.60%
6,048.00
Line Of Credit
378.80
0.00
-100.00%
18.10
-70.28%
60.90
Notes Receivable
5.00
+0.00%
5.00
0.00
—
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
608.51
-3.58%
631.07
+3.26%
611.14
+3.33%
591.47
Cash Flow From Continuing Operating Activities
608.51
-3.58%
631.07
+3.26%
611.14
+3.33%
591.47
Net Income From Continuing Operations
331.32
-15.46%
391.88
-4.98%
412.44
+41.02%
292.47
Depreciation Amortization Depletion
263.12
+25.43%
209.77
+2.14%
205.38
-34.70%
314.51
Depreciation And Amortization
263.12
+25.43%
209.77
+2.14%
205.38
-34.70%
314.51
Other Non Cash Items
0.18
+152.49%
-0.34
+94.08%
-5.76
-404.12%
-1.14
Stock Based Compensation
11.54
+0.50%
11.49
+13.86%
10.09
+11.10%
9.08
Operating Gains Losses
5.20
+140.66%
2.16
+449.84%
-0.62
+98.74%
-48.88
Gain Loss On Investment Securities
—
—
—
—
Change In Working Capital
-2.85
-117.71%
16.11
+255.03%
-10.39
-140.87%
25.43
Change In Payables And Accrued Expense
2.48
-89.69%
24.02
+24926.04%
0.10
-99.53%
20.39
Change In Other Current Assets
-6.08
+18.61%
-7.47
+26.33%
-10.14
-389.82%
3.50
Change In Other Current Liabilities
0.75
+268.09%
-0.45
-27.14%
-0.35
-122.85%
1.53
Investing Cash Flow
-571.32
-228.42%
-173.96
-85.42%
-93.82
-92.38%
-48.77
Cash Flow From Continuing Investing Activities
-571.32
-228.42%
-173.96
-85.42%
-93.82
-92.38%
-48.77
Net Investment Purchase And Sale
0.00
+100.00%
-5.00
0.00
0.00
Purchase Of Investment
0.00
+100.00%
-5.00
0.00
0.00
Net Business Purchase And Sale
-0.83
+98.59%
-58.48
-278361.90%
-0.02
+0.00%
-0.02
Purchase Of Business
-0.83
+98.59%
-58.48
-278361.90%
-0.02
+0.00%
-0.02
Net Other Investing Changes
—
—
7.42
—
Financing Cash Flow
-104.62
+73.01%
-387.67
+25.16%
-518.03
+5.31%
-547.09
Cash Flow From Continuing Financing Activities
-104.62
+73.01%
-387.67
+25.16%
-518.03
+5.31%
-547.09
Net Issuance Payments Of Debt
413.57
+919.90%
-50.44
+33.09%
-75.39
+50.21%
-151.43
Issuance Of Debt
1,847.83
+165.10%
697.04
-12.26%
794.45
+25.32%
633.95
Repayment Of Debt
-1,434.26
-91.88%
-747.48
+14.07%
-869.84
-10.75%
-785.38
Long Term Debt Issuance
1,847.83
+165.10%
697.04
-12.26%
794.45
+25.32%
633.95
Long Term Debt Payments
-1,434.26
-91.88%
-747.48
+14.07%
-869.84
-10.75%
-785.38
Net Long Term Debt Issuance
413.57
+919.90%
-50.44
+33.09%
-75.39
+50.21%
-151.43
Short Term Debt Issuance
—
—
794.45
+25.32%
633.95
Short Term Debt Payments
—
—
-837.25
-6.93%
-782.95
Net Short Term Debt Issuance
—
—
-42.80
+94.53%
-782.95
Net Common Stock Issuance
-36.02
-130.46%
118.27
+42951.45%
-0.28
-105.66%
4.88
Common Stock Payments
-36.02
0.00
+100.00%
-0.28
+80.33%
-1.40
Common Stock Dividend Paid
-476.31
-3.15%
-461.77
-4.42%
-442.22
-14.24%
-387.11
Cash Dividends Paid
-476.31
-3.15%
-461.77
-4.42%
-442.22
-14.24%
-387.11
Repurchase Of Capital Stock
-36.02
0.00
+100.00%
-0.28
+80.33%
-1.40
Proceeds From Stock Option Exercised
2.14
-75.92%
8.90
+368.51%
1.90
+915.51%
0.19
Net Other Financing Charges
-8.00
-204.53%
-2.63
-28.66%
-2.04
+85.02%
-13.62
Changes In Cash
-67.43
-197.10%
69.45
+9908.76%
-0.71
+83.88%
-4.39
Beginning Cash Position
77.66
+845.15%
8.22
-7.93%
8.93
-32.99%
13.32
End Cash Position
10.23
-86.82%
77.66
+845.15%
8.22
-7.93%
8.93
Free Cash Flow
608.51
-3.58%
631.07
+3.26%
611.14
+3.33%
591.47
Interest Paid Supplemental Data
106.83
+15.36%
92.61
-3.03%
95.50
+3.47%
92.29
Common Stock Issuance
—
118.27
—
4.88
Dividends Received CFI
3.16
-42.02%
5.45
-34.64%
8.34
-86.68%
62.66
Earnings Losses From Equity Investments
1.51
-30.11%
2.16
+449.84%
-0.62
+98.74%
-48.88
Issuance Of Capital Stock
—
118.27
—
4.88
Net Investment Properties Purchase And Sale
-573.66
-394.81%
-115.94
-5.81%
-109.56
+1.65%
-111.40
Purchase Of Investment Properties
-573.66
-394.81%
-115.94
-5.59%
-109.80
+28.97%
-154.59
Sale Of Investment Properties
0.00
0.00
-100.00%
0.24
-99.45%
43.19
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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