- Ticker
- CUBE
- Price
- 41.75
- Stock movement up
- +0.82 (2.00%)
- Company name
- CubeSmart
- Exchange
- (NYSE ,
- Currency
- USD )
- Sector
- Real Estate >REIT-Industrial
- Market cap
- 9.38B
- Ent value
- 12.81B
- Price/Sales
- 9.88
- Price/Book
- 3.25
- Div yield
- 4.69%
- Div growth
- 9.91%
- Growth years
- 11
- FCF payout
- 80.97%
- Trailing P/E
- 26.05
- Forward P/E
- 26.59
- PEG
- 4.34
- EPS growth
- 46.10%
- 1 year return
- 0.85%
- 3 year return
- 8.61%
- 5 year return
- 6.31%
- 10 year return
- 9.74%
Last updated: 2023-12-04
CubeSmart (NYSE:NYSE:CUBE) Q3 2023 Earnings Conference Call November 3, 2023 11:00 AM ETCompany ParticipantsJosh Schutzer - Vice President-FinanceChris Marr...
November 3, 2023
iO Charts is a Seeking Alpha partner
Get the latest news and real-time alerts from CubeSmart (CUBE) stock at Seeking Alpha.
November 2, 2023
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DIVIDENDS
Dividend yield - 5y
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Dividend yield data
| Dividend per share | 1.96 |
| Dividend yield | 4.69% |
| Payout frequency | Quarterly |
| Maximum yield | 6.33% |
| Average yield | 4.02% |
| Minimum yield | 2.48% |
| Discount to avg yield | 14.31% |
| Upside potential | 16.70% |
| Yield as % of max yield | 74.15% |
Yield distribution (inverse percentile) - 5y
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Yield distribution data
| Dividend yield | 4.69% |
| Current yield distribution | 13.65% |
| Yield at 100% (Min) | 2.48% |
| Yield at 90% | 3.18% |
| Yield at 80% | 3.47% |
| Yield at 50% (Median) | 4.09% |
| Yield at 20% | 4.45% |
| Yield at 10% | 4.85% |
| Yield at 0% (Max) | 6.33% |
Dividend per share
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Dividend per share data
| Years of growth | 11 years |
| CCC status | Dividend Contender |
| Dividend per share | 1.96 |
| Payout frequency | Quarterly |
| Ex-div date | 29 Sep 2023 |
| EPS (TTM) | 1.59 |
| EPS (1y forward) | 1.57 |
| EPS growth (5y) | 46.10% |
| EPS growth (5y forward) | 6.00% |
Dividend growth
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Dividend growth data
| CUBE | S&P500 | |
| DGR MR | 13.95% | -3.37% |
| DGR TTM | 13.95% | 5.40% |
| DGR 3 years | 11.33% | 4.00% |
| DGR 5 years | 9.91% | 5.65% |
| DGR 10 years | 15.26% | 7.37% |
| DGR 15 years | 2.90% | 5.83% |
| Time since last change announced | 364 days |
| EPS growth (5y) | 46.10% |
| EPS growth (5y forward) | 6.00% |
Payout ratio
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Payout ratio data
| EPS coverage | FCF coverage | |
| TTM | 107.54% | 80.97% |
| Average | - | - |
| Forward | 124.84% | - |
VALUATION
Valuation Ratios
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Valuation Ratios data
| Trailing P/E | 26.05 |
| Price to OCF | 15.86 |
| Price to FCF | 19.62 |
| Price to EBITDA | 12.23 |
| EV to EBITDA | 16.71 |
Valuation (Sales/Book Value)
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Valuation (Sales/Book Value) data
| Price to Sales | 9.88 |
| Price to Book | 3.25 |
| EV to Sales | 13.50 |
Get the latest news and real-time alerts from CubeSmart (CUBE) stock at Seeking Alpha.
November 1, 2023
iO Charts is a Seeking Alpha partner
Get the latest news and real-time alerts from CubeSmart (CUBE) stock at Seeking Alpha.
October 30, 2023
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FINANCIALS
Per share
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Per share data
| Current share count | 224.63M |
| EPS (TTM) | 1.59 |
| FCF per share (TTM) | 2.12 |
Income statement
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Income statement data
| Revenue (TTM) | 949.35M |
| Gross profit (TTM) | 527.95M |
| Operating income (TTM) | 395.61M |
| Net income (TTM) | 359.96M |
| EPS (TTM) | 1.59 |
| EPS (1y forward) | 1.57 |
Margins
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Margins data
| Gross margin (TTM) | 55.61% |
| Operating margin (TTM) | 41.67% |
| Profit margin (TTM) | 37.92% |
Balance Sheet
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Balance Sheet data
| Cash | 6.06M |
| Net receivables | 7.93M |
| Total current assets | 6.06M |
| Goodwill | 0.00 |
| Intangible assets | 0.00 |
| Property, plant and equipment | 0.00 |
| Total assets | 6.33B |
| Accounts payable | 213.30M |
| Short/Current long term debt | 60.90M |
| Total current liabilities | 312.95M |
| Total liabilities | 3.44B |
| Shareholder's equity | 2.88B |
| Net tangible assets | 2.88B |
Cash flow
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Cash flow data
| Operating cash flow (TTM) | 591.47M |
| Capital expenditures (TTM) | 113.36M |
| Free cash flow (TTM) | 478.10M |
| Dividends paid (TTM) | 387.11M |
Financial returns
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Financial returns data
| Return on Equity | 12.48% |
| Return on Assets | 5.69% |
| Return on Invested Capital | 6.12% |
| Cash Return on Invested Capital | 8.13% |
STOCK INFORMATION
Stock chart
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Stock price data
| Open | 40.80 |
| Daily high | 41.77 |
| Daily low | 40.76 |
| Daily Volume | 1.39M |
| All-time high | 57.02 |
| 1y analyst estimate | 51.10 |
| Beta | 0.59 |
| EPS (TTM) | 1.59 |
| Dividend per share | 1.96 |
| Ex-div date | 29 Sep 2023 |
| Next earnings date | 21 Feb 2024 |
Downside potential
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Downside potential data
| CUBE | S&P500 | |
| Current price drop from All-time high | -26.78% | -4.40% |
| Highest price drop | -93.97% | -56.47% |
| Date of highest drop | 5 Mar 2009 | 9 Mar 2009 |
| Avg drop from high | -27.07% | -11.47% |
| Avg time to new high | 27 days | 13 days |
| Max time to new high | 1984 days | 1805 days |
CubeSmart is a major self-storage REIT in the US with a well-diversified portfolio in urban centers. Find out why I upgrade my rating on CUBE stock to a buy.
October 2, 2023
iO Charts is a Seeking Alpha partner
CubeSmart outperformed peers despite industry challenges, driven by strategic New York presence. See what makes CUBE an attractive buy for long-term investors.
September 6, 2023
iO Charts is a Seeking Alpha partner
COMPANY DETAILS
Marketcap
9.38B
Marketcap category
Mid-cap
Description
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 2020 Self-Storage Almanac, CubeSmart is one of the top three owners and operators of self-storage properties in the United States.
Employees
2804
Website
SEC filings
CEO
Country
USA
City
Stock type
Common stock
CCC status
Dividend Contender
Dividend Frequency
Quarterly
EVENTS AND PRESENTATIONS
EventsPresentations
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CubeSmart (NYSE:NYSE:CUBE) Q2 2023 Earnings Conference Call August 4, 2023 11:00 AM ETCompany ParticipantsJosh Schutzer - Vice President of FinanceChris...
August 4, 2023
iO Charts is a Seeking Alpha partner
Get the latest news and real-time alerts from CubeSmart (CUBE) stock at Seeking Alpha.
August 3, 2023
iO Charts is a Seeking Alpha partner
UNDERSTAND THE BUSINESS
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COMPANY NEWS
Seeking AlphaPress releases
Get the latest news and real-time alerts from CubeSmart (CUBE) stock at Seeking Alpha.
August 2, 2023
Get the latest news and real-time alerts from CubeSmart (CUBE) stock at Seeking Alpha.
July 25, 2023
CubeSmart has a major long-term growth opportunity through consolidating the fragmented industry. Find out why CUBE stock is a Buy.
July 13, 2023
Get the latest news and real-time alerts from CubeSmart (CUBE) stock at Seeking Alpha.
June 15, 2023
Get the latest news and real-time alerts from CubeSmart (CUBE) stock at Seeking Alpha.
May 16, 2023
Get the latest news and real-time alerts from CubeSmart (CUBE) stock at Seeking Alpha.
May 8, 2023
CubeSmart is the third biggest self storage company in US. It has delivered good results in the last quarter but is overvalued. Read my analysis of CUBE here.
May 8, 2023
CubeSmart’s Q1 results demonstrate its resilience amidst economic adversity. Read more about CUBE here.
April 29, 2023
CubeSmart (NYSE:NYSE:CUBE) Q1 2023 Earnings Conference Call April 28, 2023 11:00 AM ETCompany ParticipantsJosh Schutzer - Vice President, FinanceChris Marr...
April 28, 2023
Get the latest news and real-time alerts from CubeSmart (CUBE) stock at Seeking Alpha.
April 27, 2023
iO Charts is a Seeking Alpha partnerNext page