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

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November 2, 2023

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DIVIDENDS

Dividend yield - 5y

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Dividend yield data
Dividend per share1.96
Dividend yield4.69%
Payout frequencyQuarterly
Maximum yield6.33%
Average yield4.02%
Minimum yield2.48%
Discount to avg yield14.31%
Upside potential16.70%
Yield as % of max yield74.15%

Yield distribution (inverse percentile) - 5y

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Yield distribution data
Dividend yield4.69%
Current yield distribution13.65%
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 growth11 years
CCC statusDividend Contender
Dividend per share1.96
Payout frequencyQuarterly
Ex-div date29 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
CUBES&P500
DGR MR13.95%-3.37%
DGR TTM13.95%5.40%
DGR 3 years11.33%4.00%
DGR 5 years9.91%5.65%
DGR 10 years15.26%7.37%
DGR 15 years2.90%5.83%
Time since last change announced364 days
EPS growth (5y)46.10%
EPS growth (5y forward)6.00%

Payout ratio

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Payout ratio data
EPS coverageFCF coverage
TTM107.54%80.97%
Average--
Forward124.84%-

VALUATION

Valuation Ratios

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Valuation Ratios data
Trailing P/E26.05
Price to OCF15.86
Price to FCF19.62
Price to EBITDA12.23
EV to EBITDA16.71

Valuation (Sales/Book Value)

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Valuation (Sales/Book Value) data
Price to Sales9.88
Price to Book3.25
EV to Sales13.50
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

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October 30, 2023

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FINANCIALS

Per share

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Per share data
Current share count224.63M
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
Cash6.06M
Net receivables7.93M
Total current assets6.06M
Goodwill0.00
Intangible assets0.00
Property, plant and equipment0.00
Total assets6.33B
Accounts payable213.30M
Short/Current long term debt60.90M
Total current liabilities312.95M
Total liabilities3.44B
Shareholder's equity2.88B
Net tangible assets2.88B

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 Equity12.48%
Return on Assets5.69%
Return on Invested Capital6.12%
Cash Return on Invested Capital8.13%

STOCK INFORMATION

Stock chart

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Stock price data
Open40.80
Daily high41.77
Daily low40.76
Daily Volume1.39M
All-time high57.02
1y analyst estimate51.10
Beta0.59
EPS (TTM)1.59
Dividend per share1.96
Ex-div date29 Sep 2023
Next earnings date21 Feb 2024

Downside potential

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Downside potential data
CUBES&P500
Current price drop from All-time high-26.78%-4.40%
Highest price drop-93.97%-56.47%
Date of highest drop5 Mar 20099 Mar 2009
Avg drop from high-27.07%-11.47%
Avg time to new high27 days13 days
Max time to new high1984 days1805 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
CUBE (CubeSmart) company logo
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
Investor relations
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
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