Symbols / CUBE Stock $40.42 -0.49% CubeSmart

Real Estate • REIT - Industrial • United States • NYQ
CUBE (Stock) Chart
O: — H: — L: — C: — V: —
SMA 20: — SMA 50: — SMA 200: —
Stock Fundamentals
Scroll to Statements
Index EQUITY
Sector Real Estate
Industry REIT - Industrial
CEO Mr. Christopher P. Marr
Exch · Country NYQ · United States
Market Cap 9.20B
Enterprise Value 12.75B
Income 327.47M
Sales 1.13B
FCF (ttm) 487.39M
Book/sh 11.70
Cash/sh 0.03
Employees 3,121
Insider 10d —
IPO Oct 22, 2004
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 146.85%
P/E 28.27
Forward P/E 27.03
PEG 5.33
P/S 8.11
P/B 3.46
P/C —
EV/EBITDA 17.95
EV/Sales 11.24
Quick Ratio 0.05
Current Ratio 0.08
Debt/Eq 129.60
LT Debt/Eq —
EPS (ttm) 1.43
EPS next Y 1.50
EPS Growth -7.70%
Revenue Growth 3.30%
EPS Gr Q/Q -7.10%
Rev Gr Q/Q —
Earnings (next) 2026-07-30
Earnings (prior) 2026-04-30
ROA 4.22%
ROE 11.56%
ROIC —
Gross Margin 71.17%
Oper. Margin 40.29%
Profit Margin 28.86%
Shs Outstand 226.41M
Shs Float 212.43M
Insider Own 0.87%
Instit Own 102.08%
Short Float 3.91%
Short Ratio 2.96
Short Interest 6.24M
52W High 43.63
vs 52W High -7.36%
52W Low 35.09
vs 52W Low 15.19%
Beta 1.08
Impl. Vol. 33.06%
Rel Volume 0.07
Avg Volume 2.15M
Volume 149.52K
Target (mean) $43.27
Tgt Median $43.00
Tgt Low $40.00
Tgt High $48.00
# Analysts 15
Recom Buy
Prev Close $40.62
Price $40.42
Change -0.49%
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 and is based in Malvern, Pennsylvania.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$43.27
Mean price target
2. Current target
$40.42
Latest analyst target
3. DCF / Fair value
$38.75
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$40.42
Low
$40.00
High
$48.00
Mean
$43.27

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-06-17 main Truist Securities Buy → Buy $43
2026-06-01 main Wells Fargo Equal-Weight → Equal-Weight $40
2026-05-27 main Mizuho Neutral → Neutral $42
2026-05-18 main UBS Neutral → Neutral $41
2026-05-04 reit RBC Capital Outperform → Outperform $46
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
News
RSS: Latest CUBE news
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-06-10 MARR CHRISTOPHER PAUL Chief Executive Officer — 108,932 $42.24 $4,601,625
2026-06-10 MARR CHRISTOPHER PAUL Chief Executive Officer — 108,932 $26.30 $2,864,912
2026-05-19 BUSSANI PIERO Director — 4,044 $0.00 $0
2026-05-19 CONNOR MARTIN P Director — 4,044 $0.00 $0
2026-05-19 DOWLING DORORTHY Director — 4,044 $0.00 $0
2026-05-19 CHIN JIT KEE Director — 4,044 $0.00 $0
2026-05-19 LYNCH JAIR K Director — 4,044 $0.00 $0
2026-05-19 WEBER JENNIE Director — 4,044 $0.00 $0
2026-05-19 ROGATZ JEFFREY FISHER Director — 4,044 $0.00 $0
2026-05-19 REMONDI JOHN F Director — 4,044 $0.00 $0
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
Rent Expense Supplemental
351.40
+10.59%
317.75
+7.79%
294.78
+0.52%
293.26
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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