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
Stock Exchange NYSE
Industry Real estate investment trusts
Sub-IndustrySpecialized REITs
SectorFinance
Current SymbolNYSE:CUBE
Previous Symbol
CUSIP22966310
Phone610-535-5000
Debt
Debt-to-Equity Ratio0.97
Current Ratio0.04
Quick Ratio0.04
Price-To-Earnings
Trailing P/E Ratio18.59
Forward P/E Ratio18.02
P/E Growth3.58
Sales & Book Value
Annual Sales$558.94 million
Price / Sales9.85
Cash Flow$1.5791 per share
Price / Cash18.72
Book Value$9.14 per share
Price / Book3.23
Profitability
EPS (Most Recent Fiscal Year)$1.59
Net Income$134.28 million
Net Margins26.43%
Return on Equity9.34%
Return on Assets4.33%
Miscellaneous
Employees2,508
Outstanding Shares186,310,000
Market Cap$5.45 billion
OptionableOptionable
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, August 8th. Shareholders of record on Monday, October 1st will be paid a dividend of $0.30 per share on Monday, October 15th. This represents a $1.20 dividend on an annualized basis and a yield of 4.06%. The ex-dividend date of this dividend is Friday, September 28th. View CubeSmart's Dividend History.
How were CubeSmart's earnings last quarter?
CubeSmart (NYSE:CUBE) announced its quarterly earnings results on Thursday, October, 25th. The real estate investment trust reported $0.23 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.41 by $0.18. The real estate investment trust earned $153.37 million during the quarter, compared to analyst estimates of $150.76 million. CubeSmart had a return on equity of 9.34% and a net margin of 26.43%. 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 fourth quarter 2018 earnings guidance on Thursday, October, 25th. The company provided earnings per share guidance of $0.41-0.42 for the period. CubeSmart also updated its FY 2018 guidance to $1.63-1.64 EPS.
What price target have analysts set for CUBE?
9 brokers have issued twelve-month price objectives for CubeSmart's stock. Their forecasts range from $25.22 to $37.00. On average, they anticipate CubeSmart's share price to reach $31.1356 in the next year. This suggests a possible upside of 5.3% from the stock's current price. View Analyst Price Targets for CubeSmart.
What is the consensus analysts' recommendation for CubeSmart?
9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for CubeSmart in the last year. There are currently 4 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Buy." 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. " (10/29/2018)
- 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)
Has CubeSmart been receiving favorable news coverage?
Media stories about CUBE stock have trended somewhat positive recently, according to InfoTrie. InfoTrie identifies negative and positive news coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. CubeSmart earned a daily sentiment score of 0.9 on InfoTrie's scale. They also gave media stories about the real estate investment trust a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an impact on the stock's share price in the near future.
Who are some of CubeSmart's key competitors?
Some companies that are related to CubeSmart include Ventas (VTR), Weyerhaeuser (WY), SBA Communications (SBAC), Boston Properties (BXP), Realty Income (O), Brookfield Property Reit (BPR), Essex Property Trust (ESS), Host Hotels and Resorts (HST), HCP (HCP), Vornado Realty Trust (VNO), Alexandria Real Estate Equities (ARE), ANNALY CAP MGMT/SH (NLY), Extra Space Storage (EXR), Mid-America Apartment Communities (MAA) 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. Ajai Nair, Chief Information Officer & VP
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. (7.46%), Alliancebernstein L.P. (5.13%), Deutsche Bank AG (3.28%), Daiwa Securities Group Inc. (2.10%), JPMorgan Chase & Co. (2.10%) and Dimensional Fund Advisors LP (1.51%). Company insiders that own CubeSmart stock include Christopher P Marr, Jonathan L Perry and Timothy M Martin. View Institutional Ownership Trends for CubeSmart.
Which institutional investors are selling CubeSmart stock?
CUBE stock was sold by a variety of institutional investors in the last quarter, including Daiwa Securities Group Inc., Deutsche Bank AG, Presima Inc., Uniplan Investment Counsel Inc., Massachusetts Financial Services Co. MA, Macquarie Group Ltd., Eaton Vance Management and Russell Investments Group Ltd.. 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 institutional investors are buying CubeSmart stock?
CUBE stock was bought by a variety of institutional investors in the last quarter, including Alliancebernstein L.P., JPMorgan Chase & Co., NN Investment Partners Holdings N.V., Janus Henderson Group PLC, BlackRock Inc., Adelante Capital Management LLC, First Quadrant L P CA 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 $29.56.
How big of a company is CubeSmart?
CubeSmart has a market capitalization of $5.45 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.
What is CubeSmart's official website?
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 (NYSE 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.
