CubeSmart Company Profile (NYSE:CUBE)

About CubeSmart (NYSE:CUBE)

CubeSmart logoCubeSmart operates as a self-managed and self-administered real estate company. The Company focuses on the ownership, operation, management, acquisition and development of self-storage properties in the United States. Its self-storage properties are designed to offer storage space for its residential and commercial customers. Its storage facilities offer lockers, mini storage units and large 10 feet x 30 feet storage rooms. The Company offers various storage options, including household and personal storage, business storage, vehicle and car storage, recreational vehicle (RV) storage, boat storage, motorcycle storage, moving storage and military storage. It also offers CubeSmart Services. As of December 31, 2016, the Company owned 475 self-storage properties located in 23 states and in the District of Columbia. In addition, as of December 31, 2016, it had managed 316 stores for third parties. Its self-storage properties are located in metropolitan areas, as well as suburban areas.

Industry, Sector and Symbol:
  • Sector: Finance
  • Industry: REIT - Industrial
  • Sub-Industry: Specialized REITs
  • Symbol: NYSE:CUBE
  • CUSIP: 22966310
  • Web: www.cubesmart.com
Capitalization:
  • Market Cap: $4.52 billion
  • Outstanding Shares: 180,177,000
Average Prices:
  • 50 Day Moving Avg: $25.95
  • 200 Day Moving Avg: $25.95
  • 52 Week Range: $23.65 - $32.51
P/E:
  • Trailing P/E Ratio: 49.53
  • Foreward P/E Ratio: 36.32
  • P/E Growth: 4.79
Sales & Book Value:
  • Annual Revenue: $521.28 million
  • Price / Sales: 8.66
  • Book Value: $9.06 per share
  • Price / Book: 2.77
Dividend:
  • Annual Dividend: $1.08
  • Dividend Yield: 4.3%
Profitability:
  • EBIDTA: $316.69 million
  • Net Margins: 19.93%
  • Return on Equity: 5.84%
  • Return on Assets: 3.00%
Debt:
  • Debt-to-Equity Ratio: 0.89%
  • Current Ratio: 1.02%
  • Quick Ratio: 1.02%
Misc:
  • Average Volume: 1.46 million shs.
  • Beta: 0.27
  • Short Ratio: 5.4
 

Frequently Asked Questions for CubeSmart (NYSE:CUBE)

What is CubeSmart's stock symbol?

CubeSmart trades on the New York Stock Exchange (NYSE) under the ticker symbol "CUBE."

How often does CubeSmart pay dividends? What is the dividend yield for CubeSmart?

CubeSmart declared a quarterly dividend on Wednesday, February 15th. Stockholders of record on Monday, April 3rd will be given a dividend of $0.27 per share on Monday, April 17th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 4.31%. The ex-dividend date is Thursday, March 30th. View CubeSmart's Dividend History.

How were CubeSmart's earnings last quarter?

CubeSmart (NYSE:CUBE) posted its quarterly earnings data on Thursday, April, 27th. The company reported $0.36 earnings per share for the quarter, hitting the consensus estimate of $0.36. The business had revenue of $133 million for the quarter, compared to the consensus estimate of $133.30 million. CubeSmart had a net margin of 19.93% and a return on equity of 5.84%. The business's revenue for the quarter was up 11.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.32 EPS. View CubeSmart's Earnings History.

When will CubeSmart make its next earnings announcement?

CubeSmart is scheduled to release their next quarterly earnings announcement on Wednesday, July, 26th 2017. View Earnings Estimates for CubeSmart.

What guidance has CubeSmart issued on next quarter's earnings?

CubeSmart updated its FY17 earnings guidance on Thursday, April, 27th. The company provided EPS guidance of $1.52-1.57 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.55.

Where is CubeSmart's stock going? Where will CubeSmart's stock price be in 2017?

9 brokerages have issued 1 year price objectives for CubeSmart's stock. Their forecasts range from $27.00 to $35.00. On average, they expect CubeSmart's share price to reach $30.67 in the next twelve months. View Analyst Ratings for CubeSmart.

Who are some of CubeSmart's key competitors?

Who owns CubeSmart stock?

CubeSmart's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (15.51%), BlackRock Inc. (6.73%), Bank of New York Mellon Corp (5.74%), Lasalle Investment Management Securities LLC (5.38%), Principal Financial Group Inc. (4.04%) and State Street Corp (3.10%). View Institutional Ownership Trends for CubeSmart.

Who sold CubeSmart stock? Who is selling CubeSmart stock?

CubeSmart's stock was sold by a variety of institutional investors in the last quarter, including Goldman Sachs Group Inc., Lasalle Investment Management Securities LLC, Waratah Capital Advisors Ltd., Citadel Advisors LLC, Credit Suisse AG, Bank of Montreal Can, State of New Jersey Common Pension Fund D and Los Angeles Capital Management & Equity Research Inc.. View Insider Buying and Selling for CubeSmart.

Who bought CubeSmart stock? Who is buying CubeSmart stock?

CubeSmart's stock was acquired by a variety of institutional investors in the last quarter, including BlackRock Inc., Bank of New York Mellon Corp, OppenheimerFunds Inc., Diamond Hill Capital Management Inc., Ameriprise Financial Inc., Vanguard Group Inc., Thrivent Financial For Lutherans and KRV Capital LP. View Insider Buying and Selling for CubeSmart.

How do I buy CubeSmart stock?

Shares of CubeSmart can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

How much does a share of CubeSmart stock cost?

One share of CubeSmart stock can currently be purchased for approximately $25.06.

Analyst Ratings

Consensus Ratings for CubeSmart (NYSE:CUBE) (?)
Ratings Breakdown: 5 Hold Ratings, 4 Buy Ratings
Consensus Rating:Hold (Score: 2.44)
Consensus Price Target: $30.67 (22.37% upside)

Analysts' Ratings History for CubeSmart (NYSE:CUBE)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
5/22/2017Cantor FitzgeraldLower Price TargetOverweight$30.00 -> $29.00LowView Rating Details
5/11/2017Citigroup IncReiterated RatingNeutral$29.00 -> $27.00LowView Rating Details
4/18/2017Jefferies Group LLCReiterated RatingBuy$31.00LowView Rating Details
3/22/2017BMO Capital MarketsSet Price TargetBuy$29.00LowView Rating Details
1/20/2017Bank of America CorpDowngradeBuy -> Neutral$28.00N/AView Rating Details
10/28/2016FBR & CoReiterated RatingBuy$32.00N/AView Rating Details
8/9/2016Evercore ISIDowngradeBuy -> HoldN/AView Rating Details
7/25/2016SunTrust Banks, Inc.DowngradeBuy -> Neutral$37.00 -> $33.00N/AView Rating Details
6/24/2016DA DavidsonInitiated CoverageNeutral$35.00N/AView Rating Details
11/13/2015Raymond James Financial, Inc.DowngradeStrong-Buy -> OutperformN/AView Rating Details
11/10/2015BB&T Co.Initiated CoverageBuy$32.50 -> $32.50N/AView Rating Details
9/8/2015Evercore Partners Inc.Lower Price TargetBuy$28.00 -> $27.50N/AView Rating Details
7/23/2015Robert W. BairdInitiated CoverageOutperform$27.00N/AView Rating Details
(Data available from 5/26/2015 forward)

Earnings

Earnings History for CubeSmart (NYSE:CUBE)
Earnings by Quarter for CubeSmart (NYSE:CUBE)
Earnings History by Quarter for CubeSmart (NYSE:CUBE)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
7/26/2017        
4/27/2017Q1 2017$0.36$0.36$133.30 million$133.00 millionViewN/AView Earnings Details
2/16/2017Q416$0.37$0.38$131.57 million$132.50 millionViewN/AView Earnings Details
10/27/2016Q316$0.36$0.38$131.19 million$132.10 millionViewN/AView Earnings Details
7/28/2016Q216$0.35$0.36$124.94 million$126.53 millionViewN/AView Earnings Details
4/28/2016Q116$0.32$0.32$117.98 million$118.87 millionViewN/AView Earnings Details
2/18/2016Q415$0.32$0.32$115.63 million$114.99 millionViewListenView Earnings Details
11/5/2015Q315$0.32$0.34$112.65 million$115.97 millionViewN/AView Earnings Details
8/6/2015Q215$0.30$0.31$107.55 million$109.90 millionViewN/AView Earnings Details
4/30/2015Q115$0.27$0.28$103.41 million$103.70 millionViewN/AView Earnings Details
2/26/2015Q414$0.27$0.28$98.45 million$100.27 millionViewN/AView Earnings Details
8/7/2014Q214$0.25$0.27$90.98 million$92.34 millionViewN/AView Earnings Details
5/1/2014Q114$0.23$0.23$86.60 million$87.27 millionViewN/AView Earnings Details
2/27/2014Q413$0.23$0.23$83.42 million$82.96 millionViewN/AView Earnings Details
11/8/2013Q313$0.24$0.25$84.32 million$82.83 millionViewN/AView Earnings Details
8/8/2013Q213$0.21$0.23$78.91 million$82.30 millionViewN/AView Earnings Details
5/2/2013$0.20$0.20$77.15 million$78.50 millionViewN/AView Earnings Details
2/21/2013Q412$0.20$0.21$73.20 million$77.37 millionViewN/AView Earnings Details
11/8/2012$0.19$0.19$70.94 million$74.13 millionViewN/AView Earnings Details
8/2/2012$0.18$0.18ViewN/AView Earnings Details
5/3/2012$0.16$0.16ViewN/AView Earnings Details
2/23/2012$0.15$0.17ViewN/AView Earnings Details
11/3/2011$0.17$0.18ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for CubeSmart (NYSE:CUBE)
Current Year EPS Consensus Estimate: $0.66 EPS
Next Year EPS Consensus Estimate: $0.69 EPS

Dividends

Current Dividend Information for CubeSmart (NYSE:CUBE)
Most Recent Dividend:4/17/2017
Annual Dividend:$1.08
Dividend Yield:4.31%
Dividend Growth:24.10% (3 Year Average)
Payout Ratio:207.70% (Trailing 12 Months of Earnings)
163.64% (Based on This Year's Estimates)
156.52% (Based on Next Year's Estimates)
Track Record:5 Years of Consecutive Dividend Growth
Dividend Payments by Quarter for CubeSmart (NYSE:CUBE)

Dividend History by Quarter for CubeSmart (NYSE:CUBE)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
2/15/2017quarterly$0.274.27%3/30/20174/3/20174/17/2017
12/16/2016quarterly$0.274.15%12/29/20161/3/20171/17/2017
8/3/2016quarterly$0.212.91%9/29/201610/3/201610/17/2016
6/2/2016quarterly$0.212.63%6/29/20167/1/20167/15/2016
2/17/2016quarterly$0.212.86%3/30/20164/1/20164/15/2016
12/11/2015quarterly$0.212.86%12/30/20151/4/20161/15/2016
8/5/2015quarterly$0.162.49%9/29/201510/1/201510/15/2015
5/28/2015quarterly$0.162.66%6/29/20157/1/20157/15/2015
2/25/2015quarterly$0.162.71%3/30/20154/1/20154/15/2015
12/17/2014quarterly$0.162.93%12/30/20141/2/20151/15/2015
8/5/2014quarterly$0.132.84%9/29/201410/1/201410/15/2014
5/28/2014quarterly$0.132.86%6/27/20147/1/20147/15/2014
2/25/2014quarterly$0.132.95%3/28/20144/1/20144/15/2014
12/19/2013quarterly$0.133.23%12/30/20131/2/20141/15/2014
8/7/2013quarterly$0.112.59%9/27/201310/1/201310/15/2013
5/29/2013quarterly$0.112.77%6/27/20137/1/20137/15/2013
4/8/2013quarterly$0.113.05%3/27/20134/1/20134/15/2013
4/8/2013quarterly$0.113.12%12/27/20121/1/20131/15/2013
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for CubeSmart (NYSE:CUBE)
Insider Ownership Percentage: 1.13%
Institutional Ownership Percentage: 99.91%
Insider Trades by Quarter for CubeSmart (NYSE:CUBE)
Institutional Ownership by Quarter for CubeSmart (NYSE:CUBE)
Insider Trades by Quarter for CubeSmart (NYSE:CUBE)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
9/9/2016William M Diefenderfer IIIDirectorSell2,961$27.25$80,687.25View SEC Filing  
5/4/2015Jeffrey P FosterVPSell108,376$23.64$2,562,008.64View SEC Filing  
12/8/2014Christopher P MarrCEOSell175,364$21.50$3,770,326.00View SEC Filing  
11/11/2013Dean JerniganCEOSell10,000$16.88$168,800.00View SEC Filing  
8/14/2013Dean JerniganCEOSell120,000$17.85$2,142,000.00View SEC Filing  
6/14/2013Dean JerniganCEOSell50,000$15.57$778,500.00View SEC Filing  
5/20/2013Jeffrey P FosterVPSell10,500$17.22$180,810.00View SEC Filing  
5/13/2013Dean JerniganCEOSell73,214$17.09$1,251,227.26View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Headline Trends for CubeSmart (NYSE:CUBE)
Latest Headlines for CubeSmart (NYSE:CUBE)
Source:
DateHeadline
americanbankingnews.com logoCubeSmart (CUBE) Given "Overweight" Rating at Cantor Fitzgerald
www.americanbankingnews.com - May 22 at 11:30 AM
nasdaq.com logoThe Guide to REIT Investing in a Rising Rate Environment
www.nasdaq.com - May 18 at 4:29 PM
americanbankingnews.com logoCitigroup Inc Reiterates "Neutral" Rating for CubeSmart (CUBE)
www.americanbankingnews.com - May 11 at 8:32 PM
americanbankingnews.com logo$137.15 Million in Sales Expected for CubeSmart (CUBE) This Quarter
www.americanbankingnews.com - May 10 at 9:46 AM
nasdaq.com logoSelf-Storage REITs: Poised for 18% (or more) Annual Returns
www.nasdaq.com - May 9 at 4:32 PM
prnewswire.com logoHow These REIT Stocks are Faring? -- Prologis, Duke Realty, CubeSmart, and Extra Space Storage
www.prnewswire.com - May 9 at 8:01 AM
americanbankingnews.com logo$0.38 EPS Expected for CubeSmart (CUBE) This Quarter
www.americanbankingnews.com - May 8 at 8:14 PM
americanbankingnews.com logoCubeSmart (CUBE) Receives Consensus Rating of "Hold" from Analysts
www.americanbankingnews.com - May 8 at 1:32 PM
americanbankingnews.com logoPositive News Coverage Likely to Affect CubeSmart (CUBE) Stock Price
www.americanbankingnews.com - May 4 at 6:30 PM
americanbankingnews.com logoCubeSmart (CUBE) Upgraded by Zacks Investment Research to Hold
www.americanbankingnews.com - May 4 at 12:56 AM
seekingalpha.com logoWhy REITs 4 Alpha Just Bought Self-Storage REIT CubeSmart
seekingalpha.com - May 3 at 7:17 PM
americanbankingnews.com logoCubeSmart (CUBE) Given Coverage Optimism Score of -0.17
www.americanbankingnews.com - May 1 at 1:26 PM
finance.yahoo.com logoEdited Transcript of CUBE earnings conference call or presentation 28-Apr-17 3:00pm GMT
finance.yahoo.com - May 1 at 8:16 AM
americanbankingnews.com logoCubeSmart (CUBE) Issues FY17 Earnings Guidance
www.americanbankingnews.com - April 29 at 1:29 AM
bizjournals.com logoFine Print: Student housing complex up for sale, expansion plans proposed for the Meadows
www.bizjournals.com - April 28 at 5:33 PM
finance.yahoo.com logoCubeSmart breached its 50 day moving average in a Bearish Manner : CUBE-US : April 28, 2017
finance.yahoo.com - April 28 at 5:33 PM
americanbankingnews.com logoCubeSmart (CUBE) Posts Quarterly Earnings Results, Hits Estimates
www.americanbankingnews.com - April 27 at 11:20 PM
seekingalpha.com logoCubeSmart FFO in-line, beats on revenue
seekingalpha.com - April 27 at 10:09 PM
reuters.com logoBRIEF-CubeSmart Cubesmart reports 5.4 pct rise in Q1 same store sales
www.reuters.com - April 27 at 10:09 PM
americanbankingnews.com logoCubeSmart (CUBE) Rating Increased to Hold at Zacks Investment Research
www.americanbankingnews.com - April 27 at 10:08 PM
americanbankingnews.com logoCubeSmart (CUBE) Updates FY17 Earnings Guidance
www.americanbankingnews.com - April 27 at 9:36 PM
marketbeat.com logoCubeSmart reports 1Q results
marketbeat.com - April 27 at 5:17 PM
americanbankingnews.com logoCubeSmart (CUBE) Earning Somewhat Critical News Coverage, Analysis Finds
www.americanbankingnews.com - April 27 at 5:08 PM
finance.yahoo.com logoCubeSmart Reports First Quarter 2017 Results: FFO Per Share Grows 12.5%; Same-Store NOI Increases 6.0%
finance.yahoo.com - April 27 at 5:08 PM
americanbankingnews.com logoCubeSmart (CUBE) Receiving Somewhat Positive Press Coverage, Report Shows
www.americanbankingnews.com - April 23 at 5:06 PM
americanbankingnews.com logo$132.78 Million in Sales Expected for CubeSmart (CUBE) This Quarter
www.americanbankingnews.com - April 19 at 9:26 AM
streetinsider.com logoForm 8-K CubeSmart For: Apr 12 Filed by: CubeSmart, L.P.
www.streetinsider.com - April 18 at 4:21 PM
americanbankingnews.com logoCubeSmart (CUBE) Receives Buy Rating from Jefferies Group LLC
www.americanbankingnews.com - April 18 at 10:38 AM
americanbankingnews.com logo Analysts Anticipate CubeSmart (CUBE) Will Announce Earnings of $0.36 Per Share
www.americanbankingnews.com - April 18 at 12:09 AM
americanbankingnews.com logoCubeSmart (CUBE) Receives Media Sentiment Rating of 0.09
www.americanbankingnews.com - April 17 at 10:47 PM
americanbankingnews.com logoCubeSmart (CUBE) Receiving Somewhat Positive News Coverage, Report Finds
www.americanbankingnews.com - April 14 at 8:46 PM
bizjournals.com logoFamily company buys Triad shopping center, considers fate of apartment complexes
www.bizjournals.com - April 14 at 4:54 PM
finance.yahoo.com logoCubeSmart : CUBE-US: Dividend Analysis : April 03rd, 2017 (record date) : By the numbers : April 12, 2017
finance.yahoo.com - April 12 at 4:36 PM
americanbankingnews.com logoCubeSmart (CUBE) Downgraded by Zacks Investment Research
www.americanbankingnews.com - April 11 at 10:18 PM
bizjournals.com logoThe land of animatronic crocs: One Loudoun may land relocated mini-golf course
www.bizjournals.com - April 10 at 12:08 PM
nasdaq.com logoCubeSmart Breaks Above 200-Day Moving Average - Bullish for CUBE
www.nasdaq.com - April 10 at 12:08 PM
bizjournals.com logoBig Hurstbourne development gets construction green light
www.bizjournals.com - April 7 at 4:32 PM
finance.yahoo.com logo[$$] US Aggregate index changes spur upsized bond sales
finance.yahoo.com - April 7 at 9:16 AM
finance.yahoo.com logoCubeSmart Announces the Date of Its First Quarter 2017 Earnings Release and Conference Call
finance.yahoo.com - April 3 at 5:00 PM
biz.yahoo.com logoCUBESMART Files SEC form 8-K, Entry into a Material Definitive Agreement, Regulation FD Disclosure, Financial Stateme
biz.yahoo.com - April 3 at 5:00 PM
reuters.com logoBRIEF-CubeSmart announces pricing of 4.375 pct senior unsecured notes due 2023 and 4 pct senior unsecured notes ... - Reuters
www.reuters.com - March 30 at 10:02 PM
finance.yahoo.com logoCubeSmart Announces Pricing of 4.375% Senior Unsecured Notes Due 2023 and 4.000% Senior Unsecured Notes Due 2025
finance.yahoo.com - March 30 at 10:02 PM
prnewswire.com logoREIT Stocks on Investors' Radar -- Duke Realty, Prologis, CubeSmart, and Extra Space Storage - PR Newswire (press release)
www.prnewswire.com - March 29 at 5:04 PM
nasdaq.com logoCubeSmart (CUBE) Ex-Dividend Date Scheduled for March 30 ... - Nasdaq
www.nasdaq.com - March 29 at 5:04 PM
nasdaq.com logoEx-Dividend Reminder: Raymond James Financial, CubeSmart and DuPont Fabros Technology
www.nasdaq.com - March 28 at 12:21 PM
americanbankingnews.com logoBMO Capital Markets Reiterates "$29.00" Price Target for CubeSmart (CUBE)
www.americanbankingnews.com - March 28 at 7:13 AM
americanbankingnews.com logoBMO Capital Markets Analysts Give CubeSmart (CUBE) a $29.00 Price Target
www.americanbankingnews.com - March 25 at 12:24 AM
americanbankingnews.com logoCubeSmart (CUBE) Upgraded to "Hold" at Zacks Investment Research
www.americanbankingnews.com - March 22 at 9:43 PM
reuters.com logoBRIEF-Cubesmart files for potential mixed shelf
www.reuters.com - March 17 at 4:54 PM
biz.yahoo.com logoCUBESMART Files SEC form 8-K, Entry into a Material Definitive Agreement, Unregistered Sale of Equity Securities, Ame
biz.yahoo.com - March 17 at 4:54 PM

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Chart

CubeSmart (CUBE) Chart for Friday, May, 26, 2017

This page was last updated on 5/26/2017 by MarketBeat.com Staff