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
Phone610-535-5000
Debt
Current Ratio0.04
Quick Ratio0.04
Price-To-Earnings
Sales & Book Value
Annual Sales$558.94 million
Price / Sales9.80
Price / Cash Flow18.42
Price / Book3.25
Profitability
Net Income$134.28 million
Net Margins26.43%
Return on Assets4.33%
Miscellaneous
Employees2,508
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 declared a quarterly dividend on Friday, December 14th. Investors of record on Wednesday, January 2nd will be given a dividend of $0.32 per share on Tuesday, January 15th. This represents a $1.28 annualized dividend and a yield of 4.34%. The ex-dividend date of this dividend is Monday, December 31st. This is a boost from CubeSmart's previous quarterly dividend of $0.30. View CubeSmart's Dividend History.
How were CubeSmart's earnings last quarter?
CubeSmart (NYSE:CUBE) released its quarterly earnings results on Thursday, October, 25th. The real estate investment trust reported $0.23 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.41 by $0.18. The real estate investment trust had revenue of $153.37 million for the quarter, compared to the consensus estimate 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 updated 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?
8 equities research analysts have issued twelve-month target prices for CubeSmart's stock. Their forecasts range from $25.22 to $37.00. On average, they expect CubeSmart's stock price to reach $31.4025 in the next year. This suggests a possible upside of 6.5% from the stock's current price. View Analyst Price Targets for CubeSmart.
What is the consensus analysts' recommendation for CubeSmart?
8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for CubeSmart in the last year. There are currently 4 hold ratings and 4 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. " (12/13/2018)
- 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?
Headlines about CUBE stock have trended somewhat negative this week, InfoTrie reports. The research group scores the sentiment of news coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. CubeSmart earned a media sentiment score of -1.2 on InfoTrie's scale. They also gave media coverage about the real estate investment trust a news buzz of 5.0 out of 10, meaning that recent news coverage is somewhat likely to have an effect on the company's share price in the near term.
Who are some of CubeSmart's key competitors?
Some companies that are related to CubeSmart include Ventas (VTR), SBA Communications (SBAC), Realty Income (O), Boston Properties (BXP), Weyerhaeuser (WY), Essex Property Trust (ESS), HCP (HCP), ANNALY CAP MGMT/SH (NLY), Host Hotels and Resorts (HST), Alexandria Real Estate Equities (ARE), Vornado Realty Trust (VNO), SINO LD LTD/S (SNLAY), Extra Space Storage (EXR), Regency Centers (REG) and WP Carey (WPC).
Who are CubeSmart's key executives?
CubeSmart's management team includes the folowing people:
- Mr. Christopher P. Marr, CEO, Pres & Trustee (Age 54)
- Mr. Timothy M. Martin, CFO, Treasurer & Principal Accounting Officer (Age 48)
- Mr. Jeffrey P. Foster, Sr. VP, Chief Legal Officer & Sec. (Age 49)
- Mr. Joel Keaton, Sr. VP of Operations (Age 47)
- 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 Hill Winds Capital LP (0.06%), Gateway Investment Advisers LLC (0.05%), State of Alaska Department of Revenue (0.04%), Navellier & Associates Inc (0.04%), Fox Run Management L.L.C. (0.01%) and Sit Investment Associates Inc. (0.00%). 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 Sit Investment Associates 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 institutional investors are buying CubeSmart stock?
CUBE stock was bought by a variety of institutional investors in the last quarter, including Hill Winds Capital LP, Fox Run Management L.L.C., Gateway Investment Advisers LLC, Navellier & Associates Inc and State of Alaska Department of Revenue. 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 $29.48.
How big of a company is CubeSmart?
CubeSmart has a market capitalization of $5.36 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.
