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About CubeSmart (NYSE:CUBE)
CubeSmart is a self-administered and self-managed real estate investment trust. The Company's self-storage properties are designed to offer affordable, easily accessible and secure storage space for residential and commercial customers. According to the 2018 Self-Storage Almanac, CubeSmart is one of the top three owners and operators of self-storage properties in the United States.
Industry, Sector and Symbol
Industry Real estate investment trusts
Sub-IndustrySpecialized REITs
SectorFinance
SymbolNYSE:CUBE
CUSIP22966310
Phone610-535-5000
Debt
Debt-to-Equity Ratio1.04
Current Ratio0.07
Quick Ratio0.07
Price-To-Earnings
Trailing P/E Ratio18.96
Forward P/E Ratio18.38
P/E Growth3.53
Sales & Book Value
Annual Sales$558.94 million
Price / Sales9.83
Cash Flow$1.5679 per share
Price / Cash19.23
Book Value$8.87 per share
Price / Book3.40
Profitability
EPS (Most Recent Fiscal Year)$1.59
Net Income$134.28 million
Net Margins25.27%
Return on Equity9.00%
Return on Assets4.15%
Miscellaneous
Employees2,508
Outstanding Shares182,280,000
CubeSmart (NYSE:CUBE) Frequently Asked Questions
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 announced a quarterly dividend on Wednesday, February 14th. Shareholders of record on Monday, April 2nd will be given a dividend of $0.30 per share on Monday, April 16th. This represents a $1.20 annualized dividend and a yield of 3.98%. The ex-dividend date is Thursday, March 29th. View CubeSmart's Dividend History.
How were CubeSmart's earnings last quarter?
CubeSmart (NYSE:CUBE) announced its earnings results on Thursday, April, 26th. The real estate investment trust reported $0.19 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.39 by $0.20. The real estate investment trust earned $142.90 million during the quarter, compared to analysts' expectations of $144.05 million. CubeSmart had a net margin of 25.27% and a return on equity of 9.00%. CubeSmart's quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.36 EPS. View CubeSmart's Earnings History.
When is CubeSmart's next earnings date?
What guidance has CubeSmart issued on next quarter's earnings?
CubeSmart issued an update on its FY18 earnings guidance on Thursday, April, 26th. The company provided earnings per share guidance of $1.61-1.65 for the period, compared to the Thomson Reuters consensus estimate of $1.64.
What price target have analysts set for CUBE?
12 analysts have issued 1-year price objectives for CubeSmart's shares. Their forecasts range from $28.00 to $32.00. On average, they anticipate CubeSmart's stock price to reach $30.7778 in the next year. View Analyst Ratings for CubeSmart.
What are Wall Street analysts saying about CubeSmart stock?
Here are some recent quotes from research analysts about CubeSmart stock:
- 1. According to Zacks Investment Research, "CubeSmart is a self-administered and self-managed real estate company focused on the ownership, operation, acquisition and development of self storage facilities in the United States. Its self storage facilities are designed to offer storage space for residential and commercial customers. CubeSmart, formally known as U-Store-It Trust, is based in Wayne, Pennsylvania. " (3/6/2018)
- 2. Cantor Fitzgerald analysts commented, "4Q Beat. Core FFO/sh. at $0.41 beat Cantor/FactSet consensus estimate by $0.01. 4Q SS Revenue growth at 4.0% was in line with 4.1% in 3Q. Rents increased 4.0% (-10bps seq.), and average occupancy was flat at 92.3%. Expenses were in check at 0.1% (vs. 4.2% in 3Q), with real estate taxes down 4.2%. As a result, SSNOI growth increased 5.4% vs. 4.1% in 3Q. Gross margin improved 100bps to 73.2%. Of the top 10 markets, those with the highest declines in sequential SS rev. growth include Phoenix (-250bps to 3.1%), Riverside-San Bernardino-Ontario (-160ps to 9.3%), and New York (-40bps to 3.0%); markets that showed improvement include Tucson (+70bps to 7.2%), Dallas (+50bps to 2.5%) and Washington DC (+40bps to 3.3%)." (2/15/2018)
- 3. FBR & Co analysts commented, "While CUBE is no stranger to beat and raise quarters, this quarter is especially sweet given the Public Storage print the night before paired with market uncertainty. We think the print highlights CUBE’s revenue management competency and portfolio positioning versus the sector. Given decelerating asking rate and contract rent growth, as well as tougher occupancy and promotional comps, we initially thought hitting the implied 2H17 revenue guidance (+3.75%) may have been a challenge. However, the portfolio shined this quarter with +4.1% revenue growth, even coming off of a tough 3Q16 comp. Further, the company’s largest (and most focused upon) market, New York City, contributed about 30bps to this growth, in a surprise re- acceleration. We continue to believe that CUBE is the name to own in the storage sector. We are adjusting our FFO as adjusted estimates and NAV upwards." (10/27/2017)
Who are some of CubeSmart's key competitors?
Some companies that are related to CubeSmart include Welltower (WELL), GGP (GGP), Ventas (VTR), Boston Properties (BXP), SBA Communications (SBAC), Host Hotels & Resorts (HST), Essex Property Trust (ESS), Realty Income (O), Alexandria Real Estate Equities (ARE), Vornado Realty Trust (VNO), Gecina (GECFF), Klépierre (KLPEF), Annaly Capital Management (NLY), Extra Space Storage (EXR) and Sino Land (SNLAY).
Who are CubeSmart's key executives?
CubeSmart's management team includes the folowing people:
- Mr. Christopher P. Marr, CEO, Pres & Trustee (Age 53)
- Mr. Timothy M. Martin, CFO, Treasurer & Principal Accounting Officer (Age 47)
- Mr. Jeffrey P. Foster, Sr. VP, Chief Legal Officer & Sec. (Age 48)
- Mr. Joel Keaton, Sr. VP of Operations (Age 46)
- Mr. Jonathan L. Perry, Chief Investment Officer and Sr. VP
Has CubeSmart been receiving favorable news coverage?
Media headlines about CUBE stock have been trending positive on Friday, according to Accern. The research group identifies negative and positive press coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. CubeSmart earned a news impact score of 0.33 on Accern's scale. They also gave news stories about the real estate investment trust an impact score of 45.35 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock's share price in the near future.
Who are CubeSmart's major shareholders?
CubeSmart's stock is owned by a variety of of institutional and retail investors. Top institutional investors include BlackRock Inc. (7.18%), Centersquare Investment Management LLC (4.48%), Principal Financial Group Inc. (3.80%), Principal Financial Group Inc. (3.80%), Daiwa Securities Group Inc. (3.37%) and Millennium Management LLC (1.75%). Company insiders that own CubeSmart stock include Christopher P Marr, Jonathan L Perry, Timothy M Martin and William M Diefenderfer III. View Institutional Ownership Trends for CubeSmart.
Which major investors are selling CubeSmart stock?
CUBE stock was sold by a variety of institutional investors in the last quarter, including OppenheimerFunds Inc., Prudential Financial Inc., Millennium Management LLC, American Century Companies Inc., Daiwa Securities Group Inc., Schroder Investment Management Group, Sei Investments Co. and Principal Financial Group Inc.. Company insiders that have sold CubeSmart company stock in the last year include Christopher P Marr, Jonathan L Perry and Timothy M Martin. View Insider Buying and Selling for CubeSmart.
Which major investors are buying CubeSmart stock?
CUBE stock was bought by a variety of institutional investors in the last quarter, including Centersquare Investment Management LLC, Allianz Asset Management GmbH, Allianz Asset Management GmbH, Russell Investments Group Ltd., Nuveen Asset Management LLC, Massachusetts Financial Services Co. MA, Teachers Insurance & Annuity Association of America and Hsbc Holdings PLC. View Insider Buying and Selling for CubeSmart.
How do I buy shares of CubeSmart?
Shares of CUBE can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is CubeSmart's stock price today?
One share of CUBE stock can currently be purchased for approximately $30.15.
How big of a company is CubeSmart?
CubeSmart has a market capitalization of $5.48 billion and generates $558.94 million in revenue each year. The real estate investment trust earns $134.28 million in net income (profit) each year or $1.59 on an earnings per share basis. CubeSmart employs 2,508 workers across the globe.
How can I contact CubeSmart?
CubeSmart's mailing address is 5 OLD LANCASTER ROAD, MALVERN PA, 19355. The real estate investment trust can be reached via phone at 610-535-5000.
MarketBeat Community Rating for CubeSmart (CUBE)
MarketBeat's community ratings are surveys of what our community members think about CubeSmart and other stocks. Vote "Outperform" if you believe CUBE will outperform the S&P 500 over the long term. Vote "Underperform" if you believe CUBE will underperform the S&P 500 over the long term. You may vote once every thirty days.
CubeSmart (NYSE:CUBE) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
12 Wall Street analysts have issued ratings and price targets for CubeSmart in the last 12 months. Their average twelve-month price target is $30.7778, suggesting that the stock has a possible upside of 2.08%. The high price target for CUBE is $32.00 and the low price target for CUBE is $28.00. There are currently 6 hold ratings and 6 buy ratings for the stock, resulting in a consensus rating of "Buy."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Buy | Hold | Hold | Hold |
| Consensus Rating Score: | 2.50 | 2.38 | 2.31 | 2.38 |
| Ratings Breakdown: | 0 Sell Rating(s)
6 Hold Rating(s)
6 Buy Rating(s)
0 Strong Buy Rating(s) | 1 Sell Rating(s)
6 Hold Rating(s)
6 Buy Rating(s)
0 Strong Buy Rating(s) | 1 Sell Rating(s)
7 Hold Rating(s)
5 Buy Rating(s)
0 Strong Buy Rating(s) | 1 Sell Rating(s)
6 Hold Rating(s)
6 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $30.7778 | $29.70 | $29.50 | $28.10 |
| Price Target Upside: | 2.08% upside | 7.03% upside | 11.28% upside | 3.80% downside |
CubeSmart (NYSE:CUBE) Consensus Price Target History
CubeSmart (NYSE:CUBE) Analyst Ratings History
Show:
(Data available from 5/25/2016 forward)
CubeSmart (NYSE:CUBE) Dividend Information
CubeSmart pays an annual dividend of $1.20 per share, with a dividend yield of 3.98%. CUBE's most recent quarterly dividend payment was Monday, April 16. The company has grown its dividend for the last 6 consecutive years and is increasing its dividend by an average of 27.60% each year. CubeSmart pays out 75.47% of its earnings out as a dividend.
| Most Recent Dividend: | 4/16/2018 |
| Annual Dividend: | $1.20 |
| Dividend Yield: | 3.98% |
| Dividend Growth: | 27.60% (3 Year Average) |
| Payout Ratio(s): | 75.47% (Trailing 12 Months of Earnings)
73.17% (Based on This Year's Estimates)
70.18% (Based on Next Year's Estimates)
76.54% (Based on Cash Flow)
|
| Track Record: | 6 Years of Consecutive Dividend Growth |
| Frequency: | Quarterly Dividend |
CubeSmart (NYSE:CUBE) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 2/14/2018 | quarterly | $0.30 | 4.61% | 3/29/2018 | 4/2/2018 | 4/16/2018 |
| 12/15/2017 | quarterly | $0.30 | 4.08% | 12/29/2017 | 1/2/2018 | 1/16/2018 |
| 7/26/2017 | quarterly | $0.27 | 4.4% | 9/29/2017 | 10/2/2017 | 10/16/2017 |
| 6/1/2017 | quarterly | $0.27 | 4.43% | 6/29/2017 | 7/3/2017 | 7/17/2017 |
| 2/15/2017 | quarterly | $0.27 | 4.27% | 3/30/2017 | 4/3/2017 | 4/17/2017 |
| 12/16/2016 | quarterly | $0.27 | 4.15% | 12/29/2016 | 1/3/2017 | 1/17/2017 |
| 8/3/2016 | quarterly | $0.21 | 2.91% | 9/29/2016 | 10/3/2016 | 10/17/2016 |
| 6/2/2016 | quarterly | $0.21 | 2.63% | 6/29/2016 | 7/1/2016 | 7/15/2016 |
| 2/17/2016 | quarterly | $0.21 | 2.86% | 3/30/2016 | 4/1/2016 | 4/15/2016 |
| 12/11/2015 | quarterly | $0.21 | 2.86% | 12/30/2015 | 1/4/2016 | 1/15/2016 |
| 8/5/2015 | quarterly | $0.16 | 2.49% | 9/29/2015 | 10/1/2015 | 10/15/2015 |
| 5/28/2015 | quarterly | $0.16 | 2.66% | 6/29/2015 | 7/1/2015 | 7/15/2015 |
| 2/25/2015 | quarterly | $0.16 | 2.71% | 3/30/2015 | 4/1/2015 | 4/15/2015 |
| 12/17/2014 | quarterly | $0.16 | 2.93% | 12/30/2014 | 1/2/2015 | 1/15/2015 |
| 8/5/2014 | quarterly | $0.13 | 2.84% | 9/29/2014 | 10/1/2014 | 10/15/2014 |
| 5/28/2014 | quarterly | $0.13 | 2.86% | 6/27/2014 | 7/1/2014 | 7/15/2014 |
| 2/25/2014 | quarterly | $0.13 | 2.95% | 3/28/2014 | 4/1/2014 | 4/15/2014 |
| 12/19/2013 | quarterly | $0.13 | 3.23% | 12/30/2013 | 1/2/2014 | 1/15/2014 |
| 8/7/2013 | quarterly | $0.11 | 2.59% | 9/27/2013 | 10/1/2013 | 10/15/2013 |
| 5/29/2013 | quarterly | $0.11 | 2.77% | 6/27/2013 | 7/1/2013 | 7/15/2013 |
| 4/8/2013 | quarterly | $0.11 | 3.05% | 3/27/2013 | 4/1/2013 | 4/15/2013 |
| 4/8/2013 | quarterly | $0.11 | 3.12% | 12/27/2012 | 1/1/2013 | 1/15/2013 |
(Data available from 1/1/2013 forward)
CubeSmart (NYSE CUBE) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 1.26%
CubeSmart (NYSE CUBE) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 5/8/2018 | Jonathan L Perry | SVP | Sell | 70,748 | $30.31 | $2,144,371.88 | 70,920 |  |
| 5/7/2018 | Christopher P Marr | CEO | Sell | 215,268 | $29.89 | $6,434,360.52 | 529,378 | |
| 5/7/2018 | Timothy M Martin | CFO | Sell | 3,738 | $29.95 | $111,953.10 | 171,293 | |
| 5/4/2018 | Christopher P Marr | CEO | Sell | 175,568 | $29.87 | $5,244,216.16 | 529,378 | |
| 12/15/2017 | Christopher P Marr | CEO | Sell | 6,000 | $29.33 | $175,980.00 | 410,138 | |
| 12/15/2017 | Timothy M Martin | CFO | Sell | 57,746 | $29.41 | $1,698,309.86 | 211,694 | |
| 12/14/2017 | Jonathan L Perry | SVP | Sell | 20,270 | $29.37 | $595,329.90 | 67,197 | |
| 12/13/2017 | Timothy M Martin | CFO | Sell | 83,409 | $29.32 | $2,445,551.88 | 228,948 | |
| 9/9/2016 | William M Diefenderfer III | Director | Sell | 2,961 | $27.25 | $80,687.25 | 128,486 | |
| 5/4/2015 | Jeffrey P Foster | VP | Sell | 108,376 | $23.64 | $2,562,008.64 | | |
| 12/8/2014 | Christopher P Marr | CEO | Sell | 175,364 | $21.50 | $3,770,326.00 | | |
| 11/11/2013 | Dean Jernigan | CEO | Sell | 10,000 | $16.88 | $168,800.00 | 294,218 | |
| 8/14/2013 | Dean Jernigan | CEO | Sell | 120,000 | $17.85 | $2,142,000.00 | 294,218 | |
| 6/14/2013 | Dean Jernigan | CEO | Sell | 50,000 | $15.57 | $778,500.00 | | |
| 5/20/2013 | Jeffrey P Foster | VP | Sell | 10,500 | $17.22 | $180,810.00 | | |
| 5/13/2013 | Dean Jernigan | CEO | Sell | 73,214 | $17.09 | $1,251,227.26 | | |
(Data available from 1/1/2013 forward)
CubeSmart (NYSE CUBE) News Headlines
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CubeSmart (NYSE:CUBE) SEC Filings
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CubeSmart (NYSE:CUBE) Income Statement, Balance Sheet and Cash Flow Statement
CubeSmart (NYSE CUBE) Stock Chart for Friday, May, 25, 2018
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