CUBE Chart
About

CubeSmart is a self-administered and self-managed real estate investment trust. CubeSmart owns or manages 1,514 self-storage properties across the United States. According to the 2025 Self Storage Almanac, CubeSmart is one of the top three owners and operators of self-storage properties in the U.S. The Company's mission is to simplify the organizational and logistical challenges created by the many life events and business needs of its customers through innovative solutions, unparalleled service, and genuine care. The Company's self-storage properties are designed to offer affordable, easily accessible, and, in most locations, climate-controlled storage space for residential and commercial customers.

Fundamentals
Scroll to Statements
Sector Real Estate Industry REIT - Industrial Market Cap 9.16B
Enterprise Value 12.65B Income 333.78M Sales 1.13B
Book/sh 11.97 Cash/sh 0.03 Dividend Yield 5.30%
Payout 143.15% Employees 3121 IPO
P/E 27.38 Forward P/E 27.07 PEG
P/S 8.14 P/B 3.34 P/C
EV/EBITDA 17.84 EV/Sales 11.24 Quick Ratio 0.05
Current Ratio 0.09 Debt/Eq 126.45 LT Debt/Eq
EPS (ttm) 1.46 EPS next Y 1.48 EPS Growth -21.70%
Revenue Growth 5.60% Earnings 2026-04-30 ROA 4.33%
ROE 11.55% ROIC Gross Margin 71.47%
Oper. Margin 39.49% Profit Margin 29.65% Shs Outstand 227.09M
Shs Float 224.98M Short Float 5.51% Short Ratio 3.74
Short Interest 52W High 44.13 52W Low 34.24
Beta 1.11 Avg Volume 2.40M Volume 2.11M
Target Price $42.00 Recom Buy Prev Close $40.08
Price $39.98 Change -0.25%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$42.00
Mean price target
2. Current target
$39.98
Latest analyst target
3. DCF / Fair value
$39.06
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$39.98
Low
$37.00
High
$48.00
Mean
$42.00

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-03-05 main Barclays Equal-Weight → Equal-Weight $45
2026-03-02 main RBC Capital Outperform → Outperform $46
2026-02-05 main Wells Fargo Equal-Weight → Equal-Weight $40
2026-01-26 down Wolfe Research Outperform → Peer Perform
2026-01-13 main Barclays Equal-Weight → Equal-Weight $43
2026-01-08 main UBS Neutral → Neutral $37
2025-12-16 main Truist Securities Buy → Buy $42
2025-12-05 main Mizuho Neutral → Neutral $38
2025-11-10 down Keybanc Overweight → Sector Weight
2025-11-03 main RBC Capital Outperform → Outperform $46
2025-11-03 main Evercore ISI Group Outperform → Outperform $48
2025-10-03 main Evercore ISI Group Outperform → Outperform $49
2025-09-16 main UBS Neutral → Neutral $42
2025-09-15 up Evercore ISI Group In-Line → Outperform $48
2025-08-25 main Citigroup Neutral → Neutral $43
2025-08-08 main Barclays Equal-Weight → Equal-Weight $45
2025-08-04 main Evercore ISI Group In-Line → In-Line $47
2025-08-04 main RBC Capital Outperform → Outperform $47
2025-06-20 up BMO Capital Market Perform → Outperform $49
2025-05-28 main Mizuho Neutral → Neutral $43
Insider Transactions
Date Shares Value Url Text Insider Position Transaction Start Date Ownership
0 23148 608792 Conversion of Exercise of derivative security at price 26.30 per share. FOSTER JEFFREY P. Officer 2026-03-03 00:00:00 D
1 23148 949420 Sale at price 41.02 per share. FOSTER JEFFREY P. Officer 2026-03-03 00:00:00 D
2 12067 126680 Stock Award(Grant) at price 0.00 - 36.05 per share. FOSTER JEFFREY P. Officer 2025-12-31 00:00:00 D
3 3986 48704 Stock Award(Grant) at price 0.00 - 36.05 per share. DENARIE MATTHEW D Officer 2025-12-31 00:00:00 D
4 6231 66296 Stock Award(Grant) at price 0.00 - 36.05 per share. SCHULTE JENNIFER Officer 2025-12-31 00:00:00 D
5 73208 799156 Stock Award(Grant) at price 0.00 - 36.05 per share. MARR CHRISTOPHER PAUL Chief Executive Officer 2025-12-31 00:00:00 D
6 26180 302135 Stock Award(Grant) at price 0.00 - 36.05 per share. MARTIN TIMOTHY M Chief Financial Officer 2025-12-31 00:00:00 D
7 47604 1739923 Sale at price 36.55 per share. MARR CHRISTOPHER PAUL Chief Executive Officer 2025-12-15 00:00:00 D
8 87604 2656153 Conversion of Exercise of derivative security at price 30.32 per share. MARR CHRISTOPHER PAUL Chief Executive Officer 2025-12-12 00:00:00 D
9 29566 896441 Conversion of Exercise of derivative security at price 30.32 per share. MARTIN TIMOTHY M Chief Financial Officer 2025-12-12 00:00:00 D
Financials
Line Item2025-12-312024-12-312023-12-312022-12-31
TaxEffectOfUnusualItems-775.32K0.000.000.00
TaxRateForCalcs0.210.210.210.21
NormalizedEBITDA712.23M692.48M710.88M700.26M
TotalUnusualItems-3.69M0.000.000.00
TotalUnusualItemsExcludingGoodwill-3.69M0.000.000.00
NetIncomeFromContinuingOperationNetMinorityInterest333.78M391.18M410.76M291.26M
ReconciledDepreciation263.12M209.77M205.38M314.51M
ReconciledCostOfRevenue346.43M313.68M290.64M289.36M
EBITDA708.54M692.48M710.88M700.26M
EBIT445.42M482.70M505.50M385.76M
NetInterestIncome-119.07M-94.89M-97.21M-97.18M
InterestExpense114.10M90.82M93.06M93.28M
NormalizedIncome336.70M391.18M410.76M291.26M
NetIncomeFromContinuingAndDiscontinuedOperation333.78M391.18M410.76M291.26M
TotalExpenses674.21M583.12M553.06M658.49M
DilutedAverageShares229.16M227.15M226.24M225.88M
BasicAverageShares228.73M226.35M225.42M224.93M
DilutedEPS1.461.721.821.29
BasicEPS1.461.731.821.29
DilutedNIAvailtoComStockholders333.78M391.18M410.76M291.26M
NetIncomeCommonStockholders333.78M391.18M410.76M291.26M
NetIncome333.78M391.18M410.76M291.26M
MinorityInterests2.46M-705.00K-1.68M-1.21M
NetIncomeIncludingNoncontrollingInterests331.32M391.88M412.44M292.47M
NetIncomeContinuousOperations331.32M391.88M412.44M292.47M
PretaxIncome331.32M391.88M412.44M292.47M
OtherIncomeExpense1.49M3.66M12.37M38.52M
OtherNonOperatingIncomeExpenses2.72M1.16M6.28M-10.36M
SpecialIncomeCharges-3.69M0.000.000.00
OtherSpecialCharges3.69M20.33M
EarningsFromEquityInterest2.46M2.50M6.08M48.88M
GainOnSaleOfSecurity32.70M
NetNonOperatingInterestIncomeExpense-119.07M-94.89M-97.21M-97.18M
TotalOtherFinanceCost4.97M4.07M4.14M3.90M
InterestExpenseNonOperating114.10M90.82M93.06M93.28M
OperatingIncome448.90M483.12M497.27M351.13M
OperatingExpense322.81M265.37M258.28M365.23M
DepreciationAmortizationDepletionIncomeStatement258.15M205.70M201.24M310.61M
DepreciationAndAmortizationInIncomeStatement258.15M205.70M201.24M310.61M
SellingGeneralAndAdministration64.66M59.66M57.04M54.62M
GeneralAndAdministrativeExpense64.66M59.66M57.04M54.62M
OtherGandA64.66M59.66M57.04M54.62M
GrossProfit771.71M748.48M755.55M716.36M
CostOfRevenue351.40M317.75M294.78M293.26M
TotalRevenue1.12B1.07B1.05B1.01B
OperatingRevenue1.12B1.07B1.05B1.01B
Line Item2025-12-312024-12-312023-12-312022-12-31
OrdinarySharesNumber227.27M227.76M224.92M224.60M
ShareIssued227.27M227.76M224.92M224.60M
NetDebt3.40B2.91B2.92B2.99B
TotalDebt3.47B3.05B2.99B3.06B
TangibleBookValue2.71B2.86B2.80B2.83B
InvestedCapital6.12B5.86B5.72B5.82B
WorkingCapital-645.02M-191.15M-259.33M-318.58M
NetTangibleAssets2.71B2.86B2.80B2.83B
CapitalLeaseObligations65.58M65.67M65.71M65.76M
CommonStockEquity2.72B2.87B2.80B2.83B
TotalCapitalization5.74B5.86B5.70B5.76B
TotalEquityGrossMinorityInterest2.78B2.95B2.88B2.90B
MinorityInterest62.63M82.01M81.98M71.60M
StockholdersEquity2.72B2.87B2.80B2.83B
GainsLossesNotAffectingRetainedEarnings-249.00K-330.00K-411.00K-491.00K
OtherEquityAdjustments-249.00K-330.00K-411.00K-491.00K
RetainedEarnings-1.59B-1.42B-1.35B-1.30B
AdditionalPaidInCapital4.30B4.29B4.14B4.13B
CapitalStock2.27M2.28M2.25M2.25M
CommonStock2.27M2.28M2.25M2.25M
TotalLiabilitiesNetMinorityInterest3.86B3.44B3.34B3.43B
TotalNonCurrentLiabilitiesNetMinorityInterest3.09B3.05B2.97B3.00B
OtherNonCurrentLiabilities1.09M1.06M
PreferredSecuritiesOutsideStockEquity108.22M
NonCurrentDeferredLiabilities37.14M
NonCurrentDeferredRevenue37.14M
LongTermDebtAndCapitalLeaseObligation3.09B3.05B2.97B3.00B
LongTermCapitalLeaseObligation65.58M65.67M65.71M65.76M
LongTermDebt3.02B2.99B2.90B2.94B
CurrentLiabilities771.58M388.10M373.82M427.00M
OtherCurrentLiabilities1.77M2.50M
CurrentDeferredLiabilities41.59M38.92M38.48M38.76M
CurrentDeferredRevenue41.59M38.92M38.48M38.76M
CurrentDebtAndCapitalLeaseObligation378.80M18.10M60.90M209.90M
CurrentDebt378.80M18.10M60.90M209.90M
LineOfCredit378.80M0.0018.10M60.90M
PayablesAndAccruedExpenses351.19M349.18M317.24M325.57M
Payables351.19M349.18M317.24M325.57M
DividendsPayable121.52M119.60M115.82M111.19M
AccountsPayable229.67M229.58M201.42M214.38M
TotalAssets6.64B6.39B6.23B6.33B
TotalNonCurrentAssets6.52B6.20B6.11B6.22B
OtherNonCurrentAssets10.54M7.30M8.73M12.74M
NonCurrentDeferredAssets2.32M
InvestmentsAndAdvances74.03M91.97M98.29M105.99M
LongTermEquityInvestment74.03M91.97M98.29M105.99M
InvestmentProperties6.38B6.04B5.95B6.05B
GoodwillAndOtherIntangibleAssets7.79M10.33M1.81M1.18M
NetPPE48.42M49.44M50.48M49.49M
GrossPPE48.42M49.44M50.48M49.49M
OtherProperties48.42M49.44M50.48M49.49M
CurrentAssets126.56M196.95M114.49M108.42M
AssetsHeldForSaleCurrent0.003.75M49.31M
RestrictedCash71.62M69.86M61.73M58.43M
PrepaidAssets15.30M15.04M13.05M10.16M
Receivables33.85M40.49M33.18M30.02M
OtherReceivables6.25M6.19M6.14M
DuefromRelatedPartiesCurrent19.15M18.87M18.05M15.95M
NotesReceivable5.00M5.00M0.00
AccountsReceivable9.70M10.37M8.94M7.93M
CashCashEquivalentsAndShortTermInvestments5.78M71.56M6.53M6.06M
CashAndCashEquivalents5.78M71.56M6.53M6.06M
Line Item2025-12-312024-12-312023-12-312022-12-31
FreeCashFlow608.51M631.07M611.14M591.47M
RepurchaseOfCapitalStock-36.02M0.00-276.00K-1.40M
RepaymentOfDebt-1.43B-747.48M-869.84M-785.38M
IssuanceOfDebt1.85B697.04M794.45M633.95M
IssuanceOfCapitalStock118.27M4.88M965.64M
InterestPaidSupplementalData106.83M92.61M95.50M92.29M
EndCashPosition10.23M77.66M8.22M8.93M
BeginningCashPosition77.66M8.22M8.93M13.32M
ChangesInCash-67.43M69.45M-708.00K-4.39M
FinancingCashFlow-104.62M-387.67M-518.03M-547.09M
CashFlowFromContinuingFinancingActivities-104.62M-387.67M-518.03M-547.09M
NetOtherFinancingCharges-8.00M-2.63M-2.04M-13.62M
ProceedsFromStockOptionExercised2.14M8.90M1.90M187.00K
CashDividendsPaid-476.31M-461.77M-442.22M-387.11M
CommonStockDividendPaid-476.31M-461.77M-442.22M-387.11M
NetCommonStockIssuance-36.02M118.27M-276.00K4.88M
CommonStockPayments-36.02M0.00-276.00K-1.40M
CommonStockIssuance118.27M4.88M965.64M
NetIssuancePaymentsOfDebt413.57M-50.44M-75.39M-151.43M
NetShortTermDebtIssuance-42.80M-782.95M92.10M
ShortTermDebtPayments-837.25M-782.95M-814.47M
ShortTermDebtIssuance794.45M633.95M906.57M
NetLongTermDebtIssuance413.57M-50.44M-75.39M-151.43M
LongTermDebtPayments-1.43B-747.48M-869.84M-785.38M
LongTermDebtIssuance1.85B697.04M794.45M633.95M
InvestingCashFlow-571.32M-173.96M-93.82M-48.77M
CashFlowFromContinuingInvestingActivities-571.32M-173.96M-93.82M-48.77M
NetOtherInvestingChanges7.42M
DividendsReceivedCFI3.16M5.45M8.34M62.66M
NetInvestmentPurchaseAndSale0.00-5.00M0.000.00
PurchaseOfInvestment0.00-5.00M0.000.00
NetInvestmentPropertiesPurchaseAndSale-573.66M-115.94M-109.56M-111.40M
SaleOfInvestmentProperties0.000.00238.00K43.19M
PurchaseOfInvestmentProperties-573.66M-115.94M-109.80M-154.59M
NetBusinessPurchaseAndSale-827.00K-58.48M-21.00K-21.00K
PurchaseOfBusiness-827.00K-58.48M-21.00K-21.00K
OperatingCashFlow608.51M631.07M611.14M591.47M
CashFlowFromContinuingOperatingActivities608.51M631.07M611.14M591.47M
ChangeInWorkingCapital-2.85M16.11M-10.39M25.43M
ChangeInOtherCurrentLiabilities748.00K-445.00K-350.00K1.53M
ChangeInOtherCurrentAssets-6.08M-7.47M-10.14M3.50M
ChangeInPayablesAndAccruedExpense2.48M24.02M96.00K20.39M
OtherNonCashItems179.00K-341.00K-5.76M-1.14M
StockBasedCompensation11.54M11.49M10.09M9.08M
DepreciationAmortizationDepletion263.12M209.77M205.38M314.51M
DepreciationAndAmortization263.12M209.77M205.38M314.51M
OperatingGainsLosses5.20M2.16M-618.00K-48.88M
EarningsLossesFromEquityInvestments1.51M2.16M-618.00K-48.88M
GainLossOnInvestmentSecurities-32.70M
NetIncomeFromContinuingOperations331.32M391.88M412.44M292.47M
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

Public Trades for CUBE
Date User Broker Pattern Type Position Size Entry Price Trade P&L Status