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CUBE CubeSmart

Price (delayed)

$43.68

Market cap

$9.96B

P/E Ratio

25.54

Dividend/share

$2.06

EPS

$1.71

Enterprise value

$13.38B

CubeSmart is a self-administered and self-managed real estate investment trust. CubeSmart owns or manages 1,238 self-storage properties across the United States. According to the 2020 Self Storage Almanac, CubeSmart is ...

Highlights
The price to earnings (P/E) is 26% lower than the 5-year quarterly average of 34.5 and 2.5% lower than the last 4 quarters average of 26.2
CUBE's equity is up by 2.2% year-on-year
The debt is up by 15% year-on-year and by 13% since the previous quarter
The company's EPS fell by 6% YoY

Key stats

What are the main financial stats of CUBE
Market
Shares outstanding
227.95M
Market cap
$9.96B
Enterprise value
$13.38B
Valuations
Price to earnings (P/E)
25.54
Price to book (P/B)
3.5
Price to sales (P/S)
9.27
EV/EBIT
27.88
EV/EBITDA
19.16
EV/Sales
12.41
Earnings
Revenue
$1.08B
Gross profit
$754.21M
Operating income
$479.97M
Net income
$385.85M
EBIT
$479.85M
EBITDA
$698.25M
Free cash flow
$529.83M
Per share
EPS
$1.71
EPS diluted
$1.68
Free cash flow per share
$2.32
Book value per share
$12.48
Revenue per share
$4.71
TBVPS
$29.48
Balance sheet
Total assets
$6.74B
Total liabilities
$3.82B
Debt
$3.44B
Equity
$2.84B
Working capital
N/A
Liquidity
Debt to equity
1.21
Current ratio
N/A
Quick ratio
N/A
Net debt/EBITDA
4.9
Margins
EBITDA margin
64.8%
Gross margin
70%
Net margin
35.8%
Operating margin
44.5%
Efficiency
Return on assets
6%
Return on equity
13.7%
Return on invested capital
5.1%
Return on capital employed
N/A
Return on sales
44.5%
Dividend
Dividend yield
4.72%
DPS
$2.06
Payout ratio
120.5%

CUBE stock price

How has the CubeSmart stock price performed over time
Intraday
2.37%
1 week
2.37%
1 month
13.54%
1 year
-0.39%
YTD
1.94%
QTD
2.27%

Financial performance

How have CubeSmart's revenue and profit performed over time
Revenue
$1.08B
Gross profit
$754.21M
Operating income
$479.97M
Net income
$385.85M
Gross margin
70%
Net margin
35.8%
CUBE financials
The net margin has declined by 7% year-on-year and by 2.5% since the previous quarter
CubeSmart's net income has decreased by 5% YoY
The operating margin has contracted by 5% YoY
The operating income has decreased by 3% YoY

Price vs fundamentals

How does CUBE's price correlate with its fundamentals
Price vs fundamentals
Earnings waterfall
Price vs fair value

Growth

What is CubeSmart's growth rate over time
CUBE growth chart

Valuation

What is CubeSmart stock price valuation
P/E
25.54
P/B
3.5
P/S
9.27
EV/EBIT
27.88
EV/EBITDA
19.16
EV/Sales
12.41
Valuation vs average
Price to earnings (P/E)
The price to earnings (P/E) is 26% lower than the 5-year quarterly average of 34.5 and 2.5% lower than the last 4 quarters average of 26.2
The company's EPS fell by 6% YoY
Price to book (P/B)
CUBE's price to book (P/B) is 5% lower than its 5-year quarterly average of 3.7 and 5% lower than its last 4 quarters average of 3.7
CUBE's equity is up by 2.2% year-on-year
Price to sales (P/S)
CUBE's P/S is 10% lower than its 5-year quarterly average of 10.3 and 5% lower than its last 4 quarters average of 9.8
The revenue is up by 2.1% year-on-year

Efficiency

How efficient is CubeSmart business performance
CubeSmart's return on assets has decreased by 8% YoY and by 4.8% QoQ
The company's return on equity fell by 6% YoY and by 2.1% QoQ
The company's return on invested capital fell by 6% YoY
The company's return on sales fell by 6% YoY

Dividends

What is CUBE's dividend history
DPS
$2.06
Dividend yield
4.72%
Payout ratio
120.5%
Recent dividends

Special dividends are included in TTM DPS and yield

Financial health

How did CubeSmart financials performed over time
Assets vs liabilities
CUBE's total assets is 77% greater than its total liabilities
The total liabilities has grown by 14% YoY and by 11% from the previous quarter
CUBE's total assets is up by 9% year-on-year and by 5% since the previous quarter
Debt vs equity
The debt is 21% greater than the equity
The debt is up by 15% year-on-year and by 13% since the previous quarter
CubeSmart's debt to equity has increased by 14% QoQ and by 13% YoY
Balance sheet

All financial data is based on trailing twelve months (TTM) periods - updated quarterly, unless otherwise specified.