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: Self-Storage REITs
  • Sub-Industry: Specialized REITs
  • Symbol: NYSE:CUBE
  • CUSIP: 22966310
  • Web: www.cubesmart.com
Capitalization:
  • Market Cap: $4.74641 billion
  • Outstanding Shares: 180,197,000
Average Prices:
  • 50 Day Moving Avg: $24.92
  • 200 Day Moving Avg: $25.16
  • 52 Week Range: $22.83 - $28.47
P/E:
  • Trailing P/E Ratio: 45.47
  • Foreward P/E Ratio: 16.25
  • P/E Growth: 6.27
Sales & Book Value:
  • Annual Revenue: $533.79 million
  • Price / Sales: 8.89
  • Book Value: $8.97 per share
  • Price / Book: 2.94
Dividend:
  • Annual Dividend: $1.08
  • Dividend Yield: 4.1%
Profitability:
  • EBIDTA: $325.07 million
  • Net Margins: 20.36%
  • Return on Equity: 6.65%
  • Return on Assets: 3.18%
Debt:
  • Debt-to-Equity Ratio: 1.00%
  • Current Ratio: 0.10%
  • Quick Ratio: 0.10%
Misc:
  • Average Volume: 1.72 million shs.
  • Beta: 0.17
  • Short Ratio: 5.62
 

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. Stockholders 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 dividend yield of 4.10%. 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) issued its quarterly earnings data on Thursday, July, 27th. The company reported $0.39 EPS for the quarter, topping analysts' consensus estimates of $0.38 by $0.01. The firm had revenue of $138.60 million for the quarter, compared to analyst estimates of $138.07 million. CubeSmart had a net margin of 20.36% and a return on equity of 6.65%. CubeSmart's quarterly revenue was up 9.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.36 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 Thursday, October, 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, July, 27th. The company provided earnings per share (EPS) guidance of $1.53-1.57 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.54. CubeSmart also updated its Q3 guidance to $0.40-0.41 EPS.

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

9 brokerages have issued 12-month price targets for CubeSmart's stock. Their forecasts range from $25.00 to $32.00. On average, they expect CubeSmart's share price to reach $28.29 in the next twelve months. View Analyst Ratings for CubeSmart.

Who are some of CubeSmart's key competitors?

Who are CubeSmart's key executives?

CubeSmart's management team includes the folowing people:

  • Christopher Paul Marr, President, Chief Executive Officer, Trustee
  • Timothy M. Martin, Chief Financial Officer, Treasurer
  • Jeffrey P. Foster, Senior Vice President, Chief Legal Officer, Secretary
  • William M. Diefenderfer III, Non-Executive Independent Chairman of the Board of Trustees
  • Dorothy Dowling, Director
  • Piero Bussani, Independent Trustee
  • John W. Fain, Independent Trustee
  • Marianne M. Keler, Independent Trustee

Who owns CubeSmart stock?

CubeSmart's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (15.42%), BlackRock Inc. (7.09%), Bank of New York Mellon Corp (6.48%), Lasalle Investment Management Securities LLC (5.70%), Principal Financial Group Inc. (3.91%) and Cbre Clarion Securities LLC (3.51%). 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 Thrivent Financial For Lutherans, Russell Investments Group Ltd., Eagle Asset Management Inc., Honeywell International Inc., Principal Financial Group Inc., Macquarie Group Ltd., State of New Jersey Common Pension Fund D and Vanguard Group Inc.. View Insider Buying and Selling for CubeSmart.

Who bought CubeSmart stock? Who is buying CubeSmart stock?

CubeSmart's stock was bought by a variety of institutional investors in the last quarter, including Cbre Clarion Securities LLC, Bank of New York Mellon Corp, Kempen Capital Management N.V., Balyasny Asset Management LLC, Diamond Hill Capital Management Inc., Presima Inc., BlackRock Inc. and Sit Investment Associates 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 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 $26.33.


MarketBeat Community Rating for CubeSmart (NYSE CUBE)
Community Ranking:  3.1 out of 5 (star star star)
Outperform Votes:  245 (Vote Outperform)
Underperform Votes:  151 (Vote Underperform)
Total Votes:  396
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.

Analyst Ratings

Consensus Ratings for CubeSmart (NYSE:CUBE) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 1 Sell Rating, 4 Hold Ratings, 4 Buy Ratings
Consensus Rating:Hold (Score: 2.33)
Consensus Price Target: $28.29 (7.43% upside)

Analysts' Ratings History for CubeSmart (NYSE:CUBE)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
9/14/2017Evercore ISIReiterated RatingOutperform$27.00 -> $28.00MediumView Rating Details
9/11/2017BMO Capital MarketsReiterated RatingMarket Perform$27.00MediumView Rating Details
8/30/2017Raymond James Financial, Inc.DowngradeOutperform -> Market PerformMediumView Rating Details
8/25/2017KeyCorpReiterated RatingHoldLowView Rating Details
8/18/2017Jefferies Group LLCSet Price TargetBuy$30.00LowView Rating Details
7/20/2017Bank of America CorporationDowngradeNeutral -> Underperform$27.75 -> $25.00MediumView Rating Details
5/22/2017Cantor FitzgeraldLower Price TargetOverweight$30.00 -> $29.00LowView Rating Details
5/11/2017Citigroup Inc.Reiterated RatingNeutral$29.00 -> $27.00LowView Rating Details
10/28/2016FBR & CoReiterated RatingBuy$32.00N/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
11/10/2015BB&T CorporationInitiated CoverageBuy$32.50 -> $32.50N/AView Rating Details
(Data available from 9/20/2015 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
10/25/2017$0.19N/AView Earnings Details
7/27/2017Q2 2017$0.38$0.39$138.07 million$138.60 millionViewN/AView Earnings Details
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: $1.54 EPS
Next Year EPS Consensus Estimate: $1.62 EPS

Dividends

Current Dividend Information for CubeSmart (NYSE:CUBE)
Next Dividend:10/16/2017
Annual Dividend:$1.08
Dividend Yield:4.10%
Dividend Growth:24.10% (3 Year Average)
Payout Ratio:186.21% (Trailing 12 Months of Earnings)
70.13% (Based on This Year's Estimates)
66.67% (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
7/26/2017quarterly$0.274.4%9/29/201710/2/201710/16/2017
6/1/2017quarterly$0.274.43%6/29/20177/3/20177/17/2017
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: 1.20%
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
seekingalpha.com logoSelf-Storage REIT Stock Yields 4.1 Percent, Strong NOI Growth, Robust Dividend Coverage
seekingalpha.com - September 19 at 5:40 PM
americanbankingnews.com logo$140.07 Million in Sales Expected for CubeSmart (CUBE) This Quarter
www.americanbankingnews.com - September 19 at 7:12 AM
americanbankingnews.com logoCubeSmart (CUBE) Rating Increased to Hold at BidaskClub
www.americanbankingnews.com - September 16 at 11:14 AM
americanbankingnews.com logoCubeSmart (CUBE) Stock Rating Reaffirmed by Evercore ISI
www.americanbankingnews.com - September 14 at 6:06 PM
americanbankingnews.com logoCubeSmart (CUBE) Receives Consensus Rating of "Hold" from Brokerages
www.americanbankingnews.com - September 12 at 11:02 PM
reuters.com logoBRIEF-Cubesmart provides update on Hurricane Irma and Hurricane Harvey impact
www.reuters.com - September 11 at 6:16 PM
finance.yahoo.com logoCubeSmart Provides Update on Hurricane Irma and Hurricane Harvey Impact
finance.yahoo.com - September 11 at 6:16 PM
americanbankingnews.com logoCubeSmart (CUBE) Earns "Hold" Rating from BMO Capital Markets
www.americanbankingnews.com - September 11 at 5:18 PM
americanbankingnews.com logoCubeSmart (CUBE) Upgraded to "Sell" by BidaskClub
www.americanbankingnews.com - September 10 at 8:10 AM
nasdaq.com logoInteresting CUBE Put Options For October 20th
www.nasdaq.com - September 6 at 10:40 PM
prnewswire.com logoRegency Affiliates Announces Increase In Quarterly Dividend
www.prnewswire.com - September 5 at 7:14 PM
americanbankingnews.com logo Brokerages Expect CubeSmart (CUBE) Will Post Quarterly Sales of $140.58 Million
www.americanbankingnews.com - August 31 at 2:46 AM
americanbankingnews.com logoUBS AG Downgrades CubeSmart (CUBE) to Market Perform
www.americanbankingnews.com - August 30 at 7:32 PM
americanbankingnews.com logoCubeSmart (CUBE) Rating Lowered to Market Perform at Raymond James Financial, Inc.
www.americanbankingnews.com - August 30 at 12:08 PM
americanbankingnews.com logoCubeSmart (CUBE) Stock Rating Reaffirmed by KeyCorp
www.americanbankingnews.com - August 27 at 10:38 AM
americanbankingnews.com logoCubeSmart (CUBE) Receives Consensus Rating of "Hold" from Analysts
www.americanbankingnews.com - August 18 at 8:36 PM
finance.yahoo.com logoCubeSmart breached its 50 day moving average in a Bearish Manner : CUBE-US : August 18, 2017
finance.yahoo.com - August 18 at 5:40 PM
americanbankingnews.com logoCubeSmart (CUBE) Given Buy Rating at Jefferies Group LLC
www.americanbankingnews.com - August 18 at 12:00 PM
finance.yahoo.com logoCubeSmart : CUBE-US: Dividend Analysis : July 03rd, 2017 (record date) : By the numbers : August 17, 2017
finance.yahoo.com - August 17 at 6:55 PM
finance.yahoo.com logoStorage War Winner
finance.yahoo.com - August 15 at 6:19 PM
seekingalpha.com logoSelf-Storage REITs Hit Rock Bottom
seekingalpha.com - August 14 at 11:00 PM
americanbankingnews.com logoCubeSmart (NYSE:CUBE) Expected to Announce Quarterly Sales of $140.55 Million
www.americanbankingnews.com - August 13 at 7:40 AM
finance.yahoo.com logoSee what the IHS Markit Score report has to say about CubeSmart.
finance.yahoo.com - August 11 at 6:05 PM
americanbankingnews.com logoCubeSmart (NYSE:CUBE) Expected to Post Earnings of $0.40 Per Share
www.americanbankingnews.com - August 11 at 3:14 PM
bizjournals.com logoNew self-storage facility to be built out of shipping containers
www.bizjournals.com - August 4 at 5:52 PM
finance.yahoo.com logoCubeSmart Again Recognized by Inside Self-Storage Readers for Best Customer Service
finance.yahoo.com - August 3 at 7:04 PM
finance.yahoo.com logoCubeSmart breached its 50 day moving average in a Bullish Manner : CUBE-US : August 1, 2017
finance.yahoo.com - August 2 at 4:25 AM
americanbankingnews.com logoCubeSmart (NYSE:CUBE) Rating Lowered to Sell at Zacks Investment Research
www.americanbankingnews.com - July 31 at 9:56 PM
finance.yahoo.com logoEdited Transcript of CUBE earnings conference call or presentation 28-Jul-17 3:00pm GMT
finance.yahoo.com - July 29 at 12:32 AM
seekingalpha.com logoCubeSmart Common Shares 2017 Q2 - Results - Earnings Call Slides
seekingalpha.com - July 28 at 7:30 PM
finance.yahoo.com logoInvestor Network: CubeSmart to Host Earnings Call
finance.yahoo.com - July 28 at 7:30 PM
reuters.com logoBRIEF-Cubesmart Q2 adjusted FFO per share $0.39
www.reuters.com - July 27 at 11:00 PM
finance.yahoo.com logoCubeSmart reports 2Q results
finance.yahoo.com - July 27 at 11:00 PM
americanbankingnews.com logoCubeSmart (CUBE) Posts Earnings Results
www.americanbankingnews.com - July 27 at 10:30 PM
americanbankingnews.com logoCubeSmart (CUBE) Issues FY17 Earnings Guidance
www.americanbankingnews.com - July 27 at 9:20 PM
americanbankingnews.com logoCubeSmart (NYSE:CUBE) Issues Q3 Earnings Guidance
www.americanbankingnews.com - July 27 at 9:08 PM
finance.yahoo.com logoCubeSmart Reports Second Quarter 2017 Results: FFO Per Share Grows 8.3%; Same-Store NOI Increases 5.0%
finance.yahoo.com - July 27 at 6:00 PM
bizjournals.com logoInitiating Research Reports on REIT Equities -- CubeSmart, Duke Realty, Public Storage, and STAG Industrial
www.bizjournals.com - July 26 at 6:14 PM
seekingalpha.com logoCubeSmart declares $0.27 dividend
seekingalpha.com - July 25 at 5:37 PM
finance.yahoo.com logoCubeSmart Declares Third Quarter 2017 Dividend
finance.yahoo.com - July 25 at 5:37 PM
americanbankingnews.com logoCubeSmart (CUBE) Given Consensus Rating of "Hold" by Analysts
www.americanbankingnews.com - July 24 at 8:22 PM
americanbankingnews.com logoCubeSmart (CUBE) Upgraded to Sell at BidaskClub
www.americanbankingnews.com - July 23 at 6:52 PM
americanbankingnews.com logoAnalyzing National Storage Affiliates Trust (NSA) and CubeSmart (CUBE)
www.americanbankingnews.com - July 23 at 7:50 AM
americanbankingnews.com logoContrasting CubeSmart (NYSE:CUBE) & Extra Space Storage (EXR)
www.americanbankingnews.com - July 22 at 6:51 PM
americanbankingnews.com logoCubeSmart (CUBE) Rating Lowered to Sell at Zacks Investment Research
www.americanbankingnews.com - July 22 at 9:04 AM
seekingalpha.com logoCubeSmart and Extra Space Storage downgraded at BAML
seekingalpha.com - July 21 at 12:42 AM
finance.yahoo.com logoCubeSmart breached its 50 day moving average in a Bullish Manner : CUBE-US : July 20, 2017
finance.yahoo.com - July 20 at 7:39 PM
americanbankingnews.com logoCubeSmart (NYSE:CUBE) Rating Lowered to Underperform at Bank of America Corporation
www.americanbankingnews.com - July 20 at 8:43 AM
seekingalpha.com logoSelf-Storage REITs: Is Now The Time To Buy The Dip?
seekingalpha.com - July 11 at 11:50 PM
nasdaq.com logoCubeSmart Enters Oversold Territory
www.nasdaq.com - July 11 at 6:50 PM

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Chart

CubeSmart (CUBE) Chart for Wednesday, September, 20, 2017

This page was last updated on 9/20/2017 by MarketBeat.com Staff