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CUBE

CubeSmart

Price Chart
Latest Quote

$40.62

+0.52 (+1.30%)
Current Price
Previous Close $40.10
Open $40.78
Day High $40.93
Day Low $40.42
Volume 2,635,893
Fetched: 2026-06-19T23:48:53
Stock Information
Quarterly Dividend / Yield $2.12 / 5.22%
Shares Outstanding 226.41M
Quarterly Dividend Yield 5.22%
Quarterly Dividend $2.12
Total Debt $3.51B
Cash Equivalents $7.26M
Revenue $1.13B
Net Income $327.47M
Sector Real Estate
Industry REIT - Industrial
Market Cap $9.25B
P/E Ratio 28.41
EPS (TTM) $1.43
Exchange NYQ
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📊 Comprehensive Analysis
Company Data
Enterprise Value$12.75B
Sales$1.13B
Income$327.47M
Book/sh$11.70
Cash/sh$0.03
Employees3K
Financial Ratios
Quick Ratio0.05
Current Ratio0.08
Debt/Eq129.60
EPS Growth TTM-7.10%
Returns & Margins
ROA4.22%
ROE11.56%
Gross Margin71.17%
Operating Margin40.29%
Profit Margin28.86%
Ownership
Insider Ownership0.87%
Institutional Ownership102.08%
Insider & Institutional transactions data not available
Valuation Ratios
Forward P/E27.16
PEG5.33
P/S8.15
P/B3.47
Analyst Data
Recommendationbuy
Target Price$43.27
Technical Indicators
SMA20$40.46
SMA50$39.94
SMA200$38.16
RSI54.77
ATR0.9071
Shares Float212.43M
Short Float3.91%
Short Ratio2.96
Volatility1.08
Rel Volume1.28
Performance History
Week-2.64%
Month+4.26%
Quarter+7.84%
6 Months+16.88%
YTD+16.43%
Year-0.19%
3 Years+6.73%
5 Years+9.03%
10 Years+108.24%
Stock Score: ⭐ Premium
Based on debt, profitability, growth, and cash flow metrics
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Recent Price History
Date Close Volume
2026-06-18 $40.62 2,635,900
2026-06-17 $40.10 1,842,200
2026-06-16 $41.20 1,837,100
2026-06-15 $41.32 1,503,500
2026-06-12 $41.89 1,509,700
2026-06-11 $41.72 1,340,200
2026-06-10 $41.68 2,164,200
2026-06-09 $41.69 2,839,800
2026-06-08 $40.17 3,395,000
2026-06-05 $40.31 2,623,800
2026-06-04 $40.00 1,985,900
2026-06-03 $39.10 3,058,000
2026-06-02 $39.43 1,868,200
2026-06-01 $39.33 1,800,600
2026-05-29 $40.00 2,046,700
2026-05-28 $40.54 2,160,100
2026-05-27 $40.00 2,205,100
2026-05-26 $39.96 1,544,600
2026-05-22 $40.07 1,364,500
2026-05-21 $40.11 1,501,800
2026-05-20 $39.63 1,902,700
2026-05-19 $38.96 1,866,600
About CubeSmart

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. Its 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. Its self-storage properties are designed to offer affordable, easily accessible, and, in most locations, climate-controlled storage space for residential and commercial customers. CubeSmart was incorporated in 2004 in Maryland and is based in Malvern, Pennsylvania.

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Income Statement (Annual)
Metric 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Revenue
Reconciled Cost Of Revenue $346,433,000 $313,683,000 $290,639,000 $289,363,000
Cost Of Revenue $351,405,000 $317,750,000 $294,780,000 $293,260,000
Total Revenue $1,123,110,000 $1,066,231,000 $1,050,334,000 $1,009,624,000
Operating Revenue $1,123,110,000 $1,066,231,000 $1,050,334,000 $1,009,624,000
Expenses
Interest Expense $114,099,000 $90,820,000 $93,065,000 $93,284,000
Total Expenses $674,211,000 $583,116,000 $553,059,000 $658,493,000
Rent Expense Supplemental $351,405,000 $317,750,000 $294,780,000 $293,260,000
Other Income Expense $1,489,000 $3,657,000 $12,366,000 $38,522,000
Other Non Operating Income Expenses $2,721,000 $1,158,000 $6,281,000 $-10,355,000
Net Non Operating Interest Income Expense $-119,071,000 $-94,887,000 $-97,206,000 $-97,181,000
Total Other Finance Cost $4,972,000 $4,067,000 $4,141,000 $3,897,000
Interest Expense Non Operating $114,099,000 $90,820,000 $93,065,000 $93,284,000
Operating Expense $322,806,000 $265,366,000 $258,279,000 $365,233,000
General And Administrative Expense $64,655,000 $59,663,000 $57,041,000 $54,623,000
Income & Earnings
Net Interest Income $-119,071,000 $-94,887,000 $-97,206,000 $-97,181,000
Normalized Income $336,698,680 $391,180,000 $410,757,000 $291,263,000
Net Income From Continuing And Discontinued Operation $333,782,000 $391,180,000 $410,757,000 $291,263,000
Net Income Common Stockholders $333,782,000 $391,180,000 $410,757,000 $291,263,000
Net Income $333,782,000 $391,180,000 $410,757,000 $291,263,000
Net Income Including Noncontrolling Interests $331,317,000 $391,885,000 $412,435,000 $292,472,000
Net Income Continuous Operations $331,317,000 $391,885,000 $412,435,000 $292,472,000
Pretax Income $331,317,000 $391,885,000 $412,435,000 $292,472,000
Special Income Charges $-3,692,000 $0 $0 $0
Earnings From Equity Interest $2,460,000 $2,499,000 $6,085,000 $48,877,000
Operating Income $448,899,000 $483,115,000 $497,275,000 $351,131,000
Depreciation Amortization Depletion Income Statement $258,151,000 $205,703,000 $201,238,000 $310,610,000
Depreciation And Amortization In Income Statement $258,151,000 $205,703,000 $201,238,000 $310,610,000
Gross Profit $771,705,000 $748,481,000 $755,554,000 $716,364,000
Per Share
Diluted EPS $1.46 $1.72 $1.82 $1.29
Basic EPS $1.46 $1.73 $1.82 $1.29
Other
Tax Effect Of Unusual Items $-775,320 $0 $0 $0
Tax Rate For Calcs $0 $0 $0 $0
Normalized EBITDA (Bullshit earnings) $712,231,000 $692,475,000 $710,879,000 $700,263,000
Total Unusual Items $-3,692,000 $0 $0 $0
Total Unusual Items Excluding Goodwill $-3,692,000 $0 $0 $0
Reconciled Depreciation $263,123,000 $209,770,000 $205,379,000 $314,507,000
EBITDA (Bullshit earnings) $708,539,000 $692,475,000 $710,879,000 $700,263,000
EBIT $445,416,000 $482,705,000 $505,500,000 $385,756,000
Diluted Average Shares $229,160,000 $227,150,000 $226,241,000 $225,881,000
Basic Average Shares $228,727,000 $226,353,000 $225,424,000 $224,928,000
Diluted NI Availto Com Stockholders $333,782,000 $391,180,000 $410,757,000 $291,263,000
Minority Interests $2,465,000 $-705,000 $-1,678,000 $-1,209,000
Other Special Charges $3,692,000 - - -
Selling General And Administration $64,655,000 $59,663,000 $57,041,000 $54,623,000
Other Gand A $64,655,000 $59,663,000 $57,041,000 $54,623,000
Gain On Sale Of Security - - - -
Fetched: 2026-06-17
Balance Sheet (Annual)
Metric 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Assets
Net Tangible Assets $2,711,651,000 $2,861,524,000 $2,797,022,000 $2,825,022,000
Total Assets $6,643,193,000 $6,394,181,000 $6,225,020,000 $6,325,830,000
Total Non Current Assets $6,516,634,000 $6,197,230,000 $6,110,533,000 $6,217,409,000
Other Non Current Assets $10,539,000 $7,304,000 $8,727,000 $12,741,000
Goodwill And Other Intangible Assets $7,792,000 $10,332,000 $1,806,000 $1,181,000
Current Assets $126,559,000 $196,951,000 $114,487,000 $108,421,000
Restricted Cash $71,621,000 $69,864,000 $61,729,000 $58,433,000
Prepaid Assets $15,303,000 $15,040,000 $13,050,000 $10,162,000
Receivables $33,853,000 $40,487,000 $33,182,000 $30,017,000
Notes Receivable $5,000,000 $5,000,000 $0 -
Accounts Receivable $9,701,000 $10,372,000 $8,944,000 $7,932,000
Cash Cash Equivalents And Short Term Investments $5,782,000 $71,560,000 $6,526,000 $6,064,000
Cash And Cash Equivalents $5,782,000 $71,560,000 $6,526,000 $6,064,000
Other Receivables - $6,249,000 $6,193,000 $6,138,000
Assets Held For Sale Current - - $0 $3,745,000
Non Current Deferred Assets - - - -
Debt
Net Debt $3,396,980,000 $2,914,986,000 $2,916,250,000 $2,990,104,000
Total Debt $3,468,341,000 $3,052,214,000 $2,988,490,000 $3,061,926,000
Long Term Debt And Capital Lease Obligation $3,089,541,000 $3,052,214,000 $2,970,390,000 $3,001,026,000
Long Term Debt $3,023,962,000 $2,986,546,000 $2,904,676,000 $2,935,268,000
Current Debt And Capital Lease Obligation $378,800,000 - $18,100,000 $60,900,000
Current Debt $378,800,000 - $18,100,000 $60,900,000
Liabilities
Total Liabilities Net Minority Interest $3,861,117,000 $3,440,313,000 $3,344,212,000 $3,428,030,000
Total Non Current Liabilities Net Minority Interest $3,089,541,000 $3,052,214,000 $2,970,390,000 $3,001,026,000
Current Liabilities $771,576,000 $388,099,000 $373,822,000 $427,004,000
Current Deferred Liabilities $41,591,000 $38,918,000 $38,483,000 $38,757,000
Payables And Accrued Expenses $351,185,000 $349,181,000 $317,239,000 $325,574,000
Payables $351,185,000 $349,181,000 $317,239,000 $325,574,000
Dividends Payable $121,519,000 $119,600,000 $115,820,000 $111,190,000
Accounts Payable $229,666,000 $229,581,000 $201,419,000 $214,384,000
Other Non Current Liabilities - - - $1,087,000
Other Current Liabilities - - - $1,773,000
Non Current Deferred Liabilities - - - -
Equity
Common Stock Equity $2,719,443,000 $2,871,856,000 $2,798,828,000 $2,826,203,000
Total Equity Gross Minority Interest $2,782,076,000 $2,953,868,000 $2,880,808,000 $2,897,800,000
Stockholders Equity $2,719,443,000 $2,871,856,000 $2,798,828,000 $2,826,203,000
Gains Losses Not Affecting Retained Earnings $-249,000 $-330,000 $-411,000 $-491,000
Other Equity Adjustments $-249,000 $-330,000 $-411,000 $-491,000
Retained Earnings $-1,585,135,000 $-1,415,662,000 $-1,345,239,000 $-1,301,030,000
Long Term Equity Investment $74,034,000 $91,973,000 $98,288,000 $105,993,000
Preferred Securities Outside Stock Equity - - - -
Other
Ordinary Shares Number $227,269,217 $227,764,975 $224,921,053 $224,603,462
Share Issued $227,269,217 $227,764,975 $224,921,053 $224,603,462
Tangible Book Value $2,711,651,000 $2,861,524,000 $2,797,022,000 $2,825,022,000
Invested Capital $6,122,205,000 $5,858,402,000 $5,721,604,000 $5,822,371,000
Working Capital $-645,017,000 $-191,148,000 $-259,335,000 $-318,583,000
Capital Lease Obligations $65,579,000 $65,668,000 $65,714,000 $65,758,000
Total Capitalization $5,743,405,000 $5,858,402,000 $5,703,504,000 $5,761,471,000
Minority Interest $62,633,000 $82,012,000 $81,980,000 $71,597,000
Additional Paid In Capital $4,302,554,000 $4,285,570,000 $4,142,229,000 $4,125,478,000
Capital Stock $2,273,000 $2,278,000 $2,249,000 $2,246,000
Common Stock $2,273,000 $2,278,000 $2,249,000 $2,246,000
Long Term Capital Lease Obligation $65,579,000 $65,668,000 $65,714,000 $65,758,000
Current Deferred Revenue $41,591,000 $38,918,000 $38,483,000 $38,757,000
Line Of Credit $378,800,000 $0 $18,100,000 $60,900,000
Investments And Advances $74,034,000 $91,973,000 $98,288,000 $105,993,000
Investment Properties $6,375,849,000 $6,038,186,000 $5,951,236,000 $6,048,003,000
Net PPE $48,420,000 $49,435,000 $50,476,000 $49,491,000
Gross PPE $48,420,000 $49,435,000 $50,476,000 $49,491,000
Other Properties $48,420,000 $49,435,000 $50,476,000 $49,491,000
Duefrom Related Parties Current $19,152,000 $18,866,000 $18,045,000 $15,947,000
Non Current Deferred Revenue - - - -
Fetched: 2026-06-17
Cash Flow Statement (Annual)
Metric 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Free Cash Flow
Free Cash Flow $608,512,000 $631,074,000 $611,136,000 $591,466,000
Operating Activities
Operating Cash Flow $608,512,000 $631,074,000 $611,136,000 $591,466,000
Cash Flow From Continuing Operating Activities $608,512,000 $631,074,000 $611,136,000 $591,466,000
Operating Gains Losses $5,203,000 $2,162,000 $-618,000 $-48,877,000
Investing Activities
Investing Cash Flow $-571,323,000 $-173,959,000 $-93,818,000 $-48,767,000
Cash Flow From Continuing Investing Activities $-571,323,000 $-173,959,000 $-93,818,000 $-48,767,000
Net Other Investing Changes - - $7,424,000 -
Financing Activities
Repurchase Of Capital Stock $-36,022,000 $0 $-276,000 $-1,403,000
Financing Cash Flow $-104,619,000 $-387,669,000 $-518,026,000 $-547,092,000
Cash Flow From Continuing Financing Activities $-104,619,000 $-387,669,000 $-518,026,000 $-547,092,000
Net Other Financing Charges $-7,997,000 $-2,626,000 $-2,041,000 $-13,624,000
Cash Dividends Paid $-476,309,000 $-461,769,000 $-442,217,000 $-387,106,000
Common Stock Dividend Paid $-476,309,000 $-461,769,000 $-442,217,000 $-387,106,000
Net Common Stock Issuance $-36,022,000 $118,270,000 $-276,000 $4,877,000
Dividends Received Cfi $3,162,000 $5,454,000 $8,344,000 $62,656,000
Issuance Of Capital Stock - $118,270,000 - $4,877,000
Common Stock Issuance - $118,270,000 - $4,877,000
Other
Repayment Of Debt $-1,434,262,000 $-747,480,000 $-869,838,000 $-785,376,000
Issuance Of Debt $1,847,829,000 $697,039,000 $794,447,000 $633,950,000
Interest Paid Supplemental Data $106,830,000 $92,609,000 $95,498,000 $92,293,000
End Cash Position $10,233,000 $77,663,000 $8,217,000 $8,925,000
Beginning Cash Position $77,663,000 $8,217,000 $8,925,000 $13,318,000
Changes In Cash $-67,430,000 $69,446,000 $-708,000 $-4,393,000
Proceeds From Stock Option Exercised $2,142,000 $8,897,000 $1,899,000 $187,000
Common Stock Payments $-36,022,000 $0 $-276,000 $-1,403,000
Net Issuance Payments Of Debt $413,567,000 $-50,441,000 $-75,391,000 $-151,426,000
Net Long Term Debt Issuance $413,567,000 $-50,441,000 $-75,391,000 $-151,426,000
Long Term Debt Payments $-1,434,262,000 $-747,480,000 $-869,838,000 $-785,376,000
Long Term Debt Issuance $1,847,829,000 $697,039,000 $794,447,000 $633,950,000
Net Investment Purchase And Sale $0 $-5,000,000 $0 $0
Purchase Of Investment $0 $-5,000,000 $0 $0
Net Investment Properties Purchase And Sale $-573,658,000 $-115,936,000 $-109,565,000 $-111,402,000
Sale Of Investment Properties $0 $0 $238,000 $43,193,000
Purchase Of Investment Properties $-573,658,000 $-115,936,000 $-109,803,000 $-154,595,000
Net Business Purchase And Sale $-827,000 $-58,477,000 $-21,000 $-21,000
Purchase Of Business $-827,000 $-58,477,000 $-21,000 $-21,000
Change In Working Capital $-2,854,000 $16,111,000 $-10,392,000 $25,425,000
Change In Other Current Liabilities $748,000 $-445,000 $-350,000 $1,532,000
Change In Other Current Assets $-6,079,000 $-7,469,000 $-10,138,000 $3,498,000
Change In Payables And Accrued Expense $2,477,000 $24,025,000 $96,000 $20,395,000
Other Non Cash Items $179,000 $-341,000 $-5,757,000 $-1,142,000
Stock Based Compensation $11,544,000 $11,487,000 $10,089,000 $9,081,000
Depreciation Amortization Depletion $263,123,000 $209,770,000 $205,379,000 $314,507,000
Depreciation And Amortization $263,123,000 $209,770,000 $205,379,000 $314,507,000
Earnings Losses From Equity Investments $1,511,000 $2,162,000 $-618,000 $-48,877,000
Net Income From Continuing Operations $331,317,000 $391,885,000 $412,435,000 $292,472,000
Net Short Term Debt Issuance - - $-42,800,000 $-782,950,000
Short Term Debt Payments - - $-837,247,000 $-782,950,000
Short Term Debt Issuance - - $794,447,000 $633,950,000
Gain Loss On Investment Securities - - - -
Fetched: 2026-06-17