CubeSmart

Company Profile

CubeSmart had its IPO on 2004-10-22 under the ticker symbol CUBE.

The company operates in the Real Estate sector and REIT-Industrial industry. CubeSmart has a staff strength of 2,804 employees.

Stock update

Shares of CubeSmart opened at $40.71 at the start of the last trading session i.e. 2023-09-12.

The stocks traded within a range of $40.04 - $40.71, and closed at $40.64.

This is a -0.54% slip from the previous day's closing price.

A total volume of 1,799,289 shares were traded at the close of the day’s session.

In the last one week, shares of CubeSmart have slipped by -2.05%.

CubeSmart's Key Ratios

CubeSmart has a market cap of $10.05 billion, indicating a price to book ratio of 3.3186 and a price to sales ratio of 9.6659.

In the last 12-months CubeSmart’s revenue was $1.03 billion with a gross profit of $741.94 million and an EBITDA of $682.72 million. The EBITDA ratio measures CubeSmart's overall financial performance and is widely used to measure its profitability.

In the trailing 12-month period, CubeSmart’s operating margin was 39.21% while its return on assets stood at 3.96% with a return of equity of 12.09%.

In Q1, CubeSmart’s quarterly earnings growth was a positive 153.2% while revenue growth was a positive 7.7%.

CubeSmart’s PE and PEG Ratio

Forward PE

31.746

Trailing PE

28.1456

PEG

6.31

Its diluted EPS in the last 12-months stands at $1.58 per share while it has a forward price to earnings multiple of 31.746 and a PEG multiple of 6.31. A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.

The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into CubeSmart’s profitability.

CubeSmart stock is trading at a EV to sales ratio of 12.9263 and a EV to EBITDA ratio of 18.8663. Its price to sales ratio in the trailing 12-months stood at 9.6659.

CubeSmart stock pays annual dividends of $1.84 per share, indicating a yield of 4.43% and a payout ratio of 122.58%.

Balance sheet and cash flow metrics

Total Assets

$6.29 billion

Total Liabilities

$401.93 million

Operating Cash Flow

$-24360000.00

Capital Expenditure

$18.07 million

Dividend Payout Ratio

122.58%

CubeSmart ended 2024 with $6.29 billion in total assets and $0 in total liabilities. Its intangible assets were valued at $6.29 billion while shareholder equity stood at $2.81 billion.

CubeSmart ended 2024 with $39.48 million in deferred long-term liabilities, $401.93 million in other current liabilities, 2247000.00 in common stock, $-1322576000.00 in retained earnings and $0 in goodwill. Its cash balance stood at $5.51 million and cash and short-term investments were $5.51 million. The company’s total short-term debt was $61,400,000 while long-term debt stood at $2.94 billion.

CubeSmart’s total current assets stands at $12.55 million while long-term investments were $103.69 million and short-term investments were $0. Its net receivables were $29.98 million compared to accounts payable of $188.20 million and inventory worth $0.

In 2024, CubeSmart's operating cash flow was $-24360000.00 while its capital expenditure stood at $18.07 million.

Comparatively, CubeSmart paid $1.23 in dividends in 2024.

Other key metrics

Current Trading Price

$40.64

52-Week High

$49.3845

52-Week Low

$35.99

Analyst Target Price

$51.67

CubeSmart stock is currently trading at $40.64 per share. It touched a 52-week high of $49.3845 and a 52-week low of $49.3845. Analysts tracking the stock have a 12-month average target price of $51.67.

Its 50-day moving average was $42.91 and 200-day moving average was $43.43 The short ratio stood at 6.77 indicating a short percent outstanding of 0%.

Around 68.9% of the company’s stock are held by insiders while 10732.4% are held by institutions.