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 Ratio20.03
Forward P/E Ratio19.42
P/E Growth3.75
Sales & Book Value
Annual Sales$558.94 million
Price / Sales10.39
Cash Flow$1.5597 per share
Price / Cash20.42
Book Value$9.04 per share
Price / Book3.52
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, May 30th. Stockholders of record on Monday, July 2nd will be given a dividend of $0.30 per share on Monday, July 16th. This represents a $1.20 annualized dividend and a dividend yield of 3.77%. The ex-dividend date is Friday, June 29th. View CubeSmart's Dividend History.
How were CubeSmart's earnings last quarter?
CubeSmart (NYSE:CUBE) announced its quarterly earnings data on Thursday, April, 26th. The real estate investment trust reported $0.19 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 return on equity of 9.00% and a net margin of 25.27%. CubeSmart's quarterly revenue was up 7.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.36 earnings per share. 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 (EPS) guidance of $1.61-1.65 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.64.
What price target have analysts set for CUBE?
12 equities research analysts have issued 1 year price targets for CubeSmart's stock. Their forecasts range from $28.00 to $32.00. On average, they expect CubeSmart's stock price to reach $30.7778 in the next twelve months. 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 Equity Residential (EQR), DIGITAL Rlty Tr/SH SH (DLR), Welltower (WELL), UNIBAIL-RODAMCO/ADR (UNRDY), GGP (GGP), Ventas (VTR), Boston Properties (BXP), SBA Communications (SBAC), Host Hotels and Resorts (HST), Essex Property Trust (ESS), Realty Income (O), Vornado Realty Trust (VNO), Alexandria Real Estate Equities (ARE), Extra Space Storage (EXR) and Gecina (GECFF).
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 stories about CUBE stock have been trending somewhat positive on Monday, according to Accern Sentiment. Accern identifies negative and positive news coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. CubeSmart earned a news impact score of 0.14 on Accern's scale. They also gave press coverage about the real estate investment trust an impact score of 45.49 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company's share price in the near term.
Who are CubeSmart's major shareholders?
CubeSmart's stock is owned by many different 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 $31.85.
How big of a company is CubeSmart?
CubeSmart has a market capitalization of $5.81 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.
