About CubeSmart (NYSE:CUBE)
CubeSmart 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:
- Industry: Self-Storage REITs
- Sub-Industry: Specialized REITs
- Sector: Financials
- Symbol: NYSE:CUBE
- CUSIP: 22966310
- Web: www.cubesmart.com
- Debt-to-Equity Ratio: 1.00%
- Current Ratio: 0.07%
- Quick Ratio: 0.07%
Sales & Book Value:
- Trailing P/E Ratio: 18.76
- Forward P/E Ratio: 18.52
- P/E Growth: 3.76
- Annual Sales: $510.04 million
- Price / Sales: 10.31
- Cash Flow: $1.40 per share
- Price / Cash: 20.75
- Book Value: $9.23 per share
- Price / Book: 3.15
- Annual Dividend: $1.08
- Dividend Yield: 3.7%
- Trailing EPS: $0.65
- Net Income: $87.9 million
- Net Margins: 22.19%
- Return on Equity: 7.58%
- Return on Assets: 3.56%
- Employees: 2,136
- Outstanding Shares: 180,880,000
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, July 26th. Shareholders of record on Monday, October 2nd will be paid a dividend of $0.27 per share on Monday, October 16th. This represents a $1.08 dividend on an annualized basis and a yield of 3.71%. The ex-dividend date of this dividend is Friday, September 29th. View CubeSmart's Dividend History.
How were CubeSmart's earnings last quarter?
CubeSmart (NYSE:CUBE) released its earnings results on Thursday, July, 28th. The real estate investment trust reported $0.36 EPS for the quarter, topping the Zacks' consensus estimate of $0.35 by $0.01. The real estate investment trust had revenue of $126.53 million for the quarter, compared to analysts' expectations of $124.94 million. CubeSmart had a net margin of 22.19% and a return on equity of 7.58%. The firm's quarterly revenue was up 15.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.31 earnings per share. View CubeSmart's Earnings History.
When will CubeSmart make its next earnings announcement?
What guidance has CubeSmart issued on next quarter's earnings?
CubeSmart issued an update on its fourth quarter earnings guidance on Thursday, October, 26th. The company provided earnings per share guidance of $0.40-0.41 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.39.
Where is CubeSmart's stock going? Where will CubeSmart's stock price be in 2017?
12 brokers have issued 1-year target prices for CubeSmart's stock. Their predictions range from $25.00 to $32.00. On average, they expect CubeSmart's share price to reach $28.10 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. 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)
- 2. 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. " (7/31/2017)
Who are some of CubeSmart's key competitors?
Some companies that are related to CubeSmart include Affiliated Managers Group (AMG), Athene Holding (ATH), iShares Nasdaq Biotechnology Index Fund (IBB), Schroders plc (SDR), Zions Bancorporation (ZION), Macerich Company (The) (MAC), American Financial Group (AFG), Kimco Realty Corporation (KIM), W.R. Berkley Corporation (WRB), Aercap Holdings N.V. (AER), VEREIT (VER), AGNC Investment Corp. (AGNC), Gaming and Leisure Properties (GLPI), Voya Financial (VOYA), MGM Growth Properties LLC (MGP), Sun Communities (SUI), Kilroy Realty Corporation (KRC) and The Carlyle Group L.P. (CG).
Who are CubeSmart's key executives?
CubeSmart's management team includes the folowing people:
- Christopher Paul Marr, President, Chief Executive Officer, Trustee (Age 52)
- Timothy M. Martin, Chief Financial Officer, Treasurer (Age 46)
- Jeffrey P. Foster, Senior Vice President, Chief Legal Officer, Secretary (Age 47)
- William M. Diefenderfer III, Non-Executive Independent Chairman of the Board of Trustees (Age 71)
- Dorothy Dowling, Director (Age 60)
- Piero Bussani, Independent Trustee (Age 52)
- John W. Fain, Independent Trustee (Age 63)
- Marianne M. Keler, Independent Trustee (Age 62)
Who owns CubeSmart stock?
CubeSmart's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Cohen & Steers Inc. (7.65%), Bank of New York Mellon Corp (6.98%), Principal Financial Group Inc. (4.11%), Daiwa Securities Group Inc. (3.94%), JPMorgan Chase & Co. (2.18%) and Diamond Hill Capital Management Inc. (2.05%). 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 Eagle Asset Management Inc., Westpac Banking Corp, Sit Investment Associates Inc., Advantus Capital Management Inc, Macquarie Group Ltd., Stevens Capital Management LP, TimesSquare Capital Management LLC and Green Street Investors LLC. View Insider Buying and Selling for CubeSmart.
Who bought CubeSmart stock? Who is buying CubeSmart stock?
CubeSmart's stock was purchased by a variety of institutional investors in the last quarter, including Cohen & Steers Inc., Daiwa Securities Group Inc., American Century Companies Inc., Citadel Advisors LLC, Bank of New York Mellon Corp, Principal Financial Group Inc., JPMorgan Chase & Co. and Presima Inc.. 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 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 CubeSmart stock can currently be purchased for approximately $29.08.
How big of a company is CubeSmart?
CubeSmart has a market capitalization of $5.26 billion and generates $510.04 million in revenue each year. The real estate investment trust earns $87.9 million in net income (profit) each year or $0.65 on an earnings per share basis. CubeSmart employs 2,136 workers across the globe.
How can I contact CubeSmart?
CubeSmart's mailing address is 5 Old Lancaster Rd, MALVERN, PA 19355-2132, United States. The real estate investment trust can be reached via phone at +1-610-5355700.
MarketBeat Community Rating for CubeSmart (NYSE CUBE)MarketBeat's community ratings are surveys of what our community members think about CubeSmart and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
Analysts' Consensus Rating for CubeSmart (NYSE:CUBE) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus analyst ratings for company stocks using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each 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 will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||1 Sell Rating, 5 Hold Ratings, 6 Buy Ratings, 0 Strong Buy Ratings|
|Consensus Rating:||Hold (Score: 2.42)|
|Consensus Price Target: ||$28.10 (3.37% downside)|
Consensus Price Target History for CubeSmart (NYSE:CUBE)
Analysts' Ratings History for CubeSmart (NYSE:CUBE)
(Data available from 11/20/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|11/14/2017||B. Riley||Set Price Target||Buy||$32.00||N/A|
|10/27/2017||SunTrust Banks, Inc.||Reiterated Rating||Hold||$25.00||N/A|
|10/27/2017||FBR & Co||Reiterated Rating||Buy||$32.00||N/A|
|10/26/2017||Cantor Fitzgerald||Reiterated Rating||Buy||$28.00||N/A|
|10/24/2017||Jefferies Group LLC||Reiterated Rating||Buy||$30.00||N/A|
|10/17/2017||Robert W. Baird||Reiterated Rating||Buy||$27.00||N/A|
|9/14/2017||Evercore ISI||Reiterated Rating||Outperform||$27.00 -> $28.00||Medium|
|9/11/2017||BMO Capital Markets||Reiterated Rating||Market Perform||$27.00||Medium|
|8/30/2017||Raymond James Financial, Inc.||Downgrade||Outperform -> Market Perform||Medium|
|7/20/2017||Bank of America Corporation||Downgrade||Neutral -> Underperform||$27.75 -> $25.00||Medium|
|5/11/2017||Citigroup Inc.||Reiterated Rating||Neutral||$29.00 -> $27.00||Low|
|6/24/2016||DA Davidson||Initiated Coverage||Neutral||$35.00||N/A|
Earnings History and Estimates Chart for CubeSmart (NYSE:CUBE)
Earnings History by Quarter for CubeSmart (NYSE CUBE)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|7/27/2017||Q2 2017||$0.38||$0.39||$138.07 million||$138.60 million||View||N/A|
|4/27/2017||Q1 2017||$0.36||$0.36||$133.30 million||$133.00 million||View||N/A|
|2/16/2017||Q416||$0.37||$0.38||$131.57 million||$132.50 million||View||N/A|
|10/27/2016||Q316||$0.36||$0.38||$131.19 million||$132.10 million||View||N/A|
|7/28/2016||Q216||$0.35||$0.36||$124.94 million||$126.53 million||View||N/A|
|4/28/2016||Q116||$0.32||$0.32||$117.98 million||$118.87 million||View||N/A|
|2/18/2016||Q415||$0.32||$0.32||$115.63 million||$114.99 million||View||Listen|
|11/5/2015||Q315||$0.32||$0.34||$112.65 million||$115.97 million||View||N/A|
|8/6/2015||Q215||$0.30||$0.31||$107.55 million||$109.90 million||View||N/A|
|4/30/2015||Q115||$0.27||$0.28||$103.41 million||$103.70 million||View||N/A|
|2/26/2015||Q414||$0.27||$0.28||$98.45 million||$100.27 million||View||N/A|
|8/7/2014||Q214||$0.25||$0.27||$90.98 million||$92.34 million||View||N/A|
|5/1/2014||Q114||$0.23||$0.23||$86.60 million||$87.27 million||View||N/A|
|2/27/2014||Q413||$0.23||$0.23||$83.42 million||$82.96 million||View||N/A|
|11/8/2013||Q313||$0.24||$0.25||$84.32 million||$82.83 million||View||N/A|
|8/8/2013||Q213||$0.21||$0.23||$78.91 million||$82.30 million||View||N/A|
|5/2/2013||$0.20||$0.20||$77.15 million||$78.50 million||View||N/A|
|2/21/2013||Q412||$0.20||$0.21||$73.20 million||$77.37 million||View||N/A|
|11/8/2012||$0.19||$0.19||$70.94 million||$74.13 million||View||N/A|
Earnings Estimates for CubeSmart (NYSE:CUBE)
Current Year EPS Consensus Estimate: $1.57 EPS
Next Year EPS Consensus Estimate: $1.63 EPS
Current Dividend Information for CubeSmart (NYSE:CUBE)
|Most Recent Dividend:||10/16/2017|
|Dividend Growth:||24.10% (3 Year Average)|
|Payout Ratio:||166.15% (Trailing 12 Months of Earnings) |
68.79% (Based on This Year's Estimates)
66.26% (Based on Next Year's Estimates)
|Track Record:||5 Years of Consecutive Dividend Growth|
Dividend History by Quarter for CubeSmart (NYSE CUBE)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for CubeSmart (NYSE CUBE)
Insider Ownership Percentage: 1.20%
Insider Trades by Quarter for CubeSmart (NYSE CUBE)
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|9/9/2016||William M Diefenderfer III||Director||Sell||2,961||$27.25||$80,687.25|| |
|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|| |
|8/14/2013||Dean Jernigan||CEO||Sell||120,000||$17.85||$2,142,000.00|| |
|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|| |
Latest Headlines for CubeSmart (NYSE CUBE)
|B. Riley Analysts Give CubeSmart (CUBE) a $32.00 Price Target|
www.americanbankingnews.com - November 19 at 10:20 PM
|CubeSmart (CUBE) Expected to Post Quarterly Sales of $141.93 Million|
www.americanbankingnews.com - November 16 at 9:08 AM
|$0.40 EPS Expected for CubeSmart (CUBE) This Quarter|
www.americanbankingnews.com - November 14 at 3:14 PM
|Cubesmart Earns RS Rating Upgrade|
finance.yahoo.com - November 8 at 12:40 AM
|CubeSmart (CUBE) Given Average Rating of "Hold" by Analysts|
www.americanbankingnews.com - November 1 at 9:34 PM
|CUBE Breaks Above 4% Yield Territory|
www.nasdaq.com - October 31 at 6:53 PM
|SunTrust Banks, Inc. Reaffirms "Hold" Rating for CubeSmart (CUBE)|
www.americanbankingnews.com - October 29 at 12:10 AM
|CubeSmart Common Shares 2017 Q3 - Results - Earnings Call Slides|
seekingalpha.com - October 28 at 5:54 PM
|CubeSmart's (CUBE) CEO Chris Marr on Q3 2017 Results - Earnings Call Transcript - Seeking Alpha|
seekingalpha.com - October 28 at 12:19 AM
|CubeSmart to Host Earnings Call|
finance.yahoo.com - October 28 at 12:19 AM
|Edited Transcript of CUBE earnings conference call or presentation 27-Oct-17 3:00pm GMT|
finance.yahoo.com - October 28 at 12:19 AM
| Brokerages Expect CubeSmart (CUBE) Will Post Quarterly Sales of $141.20 Million|
www.americanbankingnews.com - October 27 at 12:16 PM
|Public Storage leads self-storage names lower after Q3 ... - Seeking Alpha|
seekingalpha.com - October 27 at 5:38 AM
|CubeSmart Reports Third Quarter 2017 Results - GlobeNewswire (press release)|
globenewswire.com - October 27 at 5:38 AM
|CubeSmart (CUBE) Rating Reiterated by Cantor Fitzgerald|
www.americanbankingnews.com - October 26 at 11:58 PM
|CubeSmart beats by $0.02, beats on revenue|
seekingalpha.com - October 26 at 7:31 PM
|BRIEF-CubeSmart reports Q3 adjusted FFO per share $0.42|
www.reuters.com - October 26 at 7:31 PM
|CubeSmart Reports Third Quarter 2017 Results|
finance.yahoo.com - October 26 at 7:31 PM
|CubeSmart reports 3Q results|
finance.yahoo.com - October 26 at 7:31 PM
|CubeSmart (CUBE) Updates Q4 Earnings Guidance|
www.americanbankingnews.com - October 26 at 5:40 PM
|What Should We Expect From CubeSmart’s (CUBE) Earnings Over The Next Year?|
finance.yahoo.com - October 26 at 2:28 PM
|$0.40 Earnings Per Share Expected for CubeSmart (CUBE) This Quarter|
www.americanbankingnews.com - October 25 at 2:26 AM
|CubeSmart: This 4.1% Yielding Self-Storage REIT Will Continue To Hike Its Dividend|
seekingalpha.com - October 23 at 6:10 PM
|Public company buys self-storage building in Oakland Park for $14.5M|
www.bizjournals.com - October 20 at 7:06 PM
|CubeSmart (CUBE) to Release Earnings on Wednesday|
www.americanbankingnews.com - October 18 at 3:22 AM
|CubeSmart Announces the Date of Its Third Quarter 2017 Earnings Release and Conference Call - GlobeNewswire (press release)|
globenewswire.com - October 17 at 4:26 AM
|CubeSmart : CUBE-US: Dividend Analysis : October 02nd, 2017 (record date) : By the numbers : October 16, 2017|
finance.yahoo.com - October 16 at 6:23 PM
|CubeSmart Announces the Date of Its Third Quarter 2017 Earnings Release and Conference Call|
finance.yahoo.com - October 16 at 6:23 PM
|Jernigan Capital, Inc. Closes Sixth Self-Storage Development Investment With Programatic Developer|
www.thestreet.com - October 12 at 6:25 PM
| Brokerages Expect CubeSmart (CUBE) Will Post Quarterly Sales of $140.07 Million|
www.americanbankingnews.com - October 8 at 11:30 AM
|CubeSmart (CUBE) Receives Average Rating of "Hold" from Brokerages|
www.americanbankingnews.com - October 7 at 8:44 PM
|Stock Performance Review on REIT Industry -- CubeSmart, Duke Realty, Public Storage, and STAG Industrial|
www.bizjournals.com - October 4 at 4:22 PM
|Jernigan Capital closes on Louisville development investment|
seekingalpha.com - October 3 at 5:31 PM
|Three-story self-storage facility coming to Madisonville|
www.bizjournals.com - September 28 at 9:19 AM
|Self-Storage REIT Stock Yields 4.1 Percent, Strong NOI Growth, Robust Dividend Coverage|
seekingalpha.com - September 19 at 5:40 PM
|$140.07 Million in Sales Expected for CubeSmart (CUBE) This Quarter|
www.americanbankingnews.com - September 19 at 7:12 AM
|CubeSmart (CUBE) Stock Rating Reaffirmed by Evercore ISI|
www.americanbankingnews.com - September 14 at 6:06 PM
|CubeSmart (CUBE) Receives Consensus Rating of "Hold" from Brokerages|
www.americanbankingnews.com - September 12 at 11:02 PM
|BRIEF-Cubesmart provides update on Hurricane Irma and Hurricane Harvey impact|
www.reuters.com - September 11 at 6:16 PM
|CubeSmart Provides Update on Hurricane Irma and Hurricane Harvey Impact|
finance.yahoo.com - September 11 at 6:16 PM
|CubeSmart (CUBE) Earns "Hold" Rating from BMO Capital Markets|
www.americanbankingnews.com - September 11 at 5:18 PM
|Interesting CUBE Put Options For October 20th|
www.nasdaq.com - September 6 at 10:40 PM
|Regency Affiliates Announces Increase In Quarterly Dividend|
www.prnewswire.com - September 5 at 7:14 PM
| Brokerages Expect CubeSmart (CUBE) Will Post Quarterly Sales of $140.58 Million|
www.americanbankingnews.com - August 31 at 2:46 AM
|UBS AG Downgrades CubeSmart (CUBE) to Market Perform|
www.americanbankingnews.com - August 30 at 7:32 PM
|CubeSmart (CUBE) Rating Lowered to Market Perform at Raymond James Financial, Inc.|
www.americanbankingnews.com - August 30 at 12:08 PM
|CubeSmart (CUBE) Stock Rating Reaffirmed by KeyCorp|
www.americanbankingnews.com - August 27 at 10:38 AM
|CubeSmart (CUBE) Receives Consensus Rating of "Hold" from Analysts|
www.americanbankingnews.com - August 18 at 8:36 PM
|CubeSmart breached its 50 day moving average in a Bearish Manner : CUBE-US : August 18, 2017|
finance.yahoo.com - August 18 at 5:40 PM
|CubeSmart (CUBE) Given Buy Rating at Jefferies Group LLC|
www.americanbankingnews.com - August 18 at 12:00 PM
CubeSmart (NYSE CUBE) Chart for Monday, November, 20, 2017