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6Mar 2, 2026·SEC
Mar 2, 2026·SEC
Feb 27, 2026·SEC
CubeSmart (CUBE) fundamental analysis — strengths, weaknesses & financial health based on data analysis
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
CubeSmart (CUBE) stock price & volume — 10-year historical chart
CubeSmart (CUBE) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
CubeSmart (CUBE) EPS & revenue vs analyst estimates — last 4 quarters
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Apr 30, 2026 | $0.63vs $0.34+83.6% | $282Mvs $275M+2.4% |
| Q1 2026 | Feb 26, 2026 | $0.64vs $0.37+73.1% | $283Mvs $277M+2.2% |
| Q4 2025 | Oct 30, 2025 | $0.65vs $0.65+0.0% | $285Mvs $280M+1.8% |
| Q3 2025 | Jul 31, 2025 | $0.65vs $0.63+3.2% | $282Mvs $283M-0.1% |
CubeSmart (CUBE) competitors in Self-Storage REITs — business model, growth, and fundamentals comparison
CubeSmart (CUBE) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
CubeSmart (CUBE) annual income statement — 10-year revenue, gross profit & net income history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 558.94M | 597.94M | 655.04M | 679.36M | 822.56M | 1.01B | 1.05B | 1.07B | 1.12B | 1.13B |
| Revenue Growth % | 9.59% | 6.98% | 9.55% | 3.71% | 21.08% | 22.74% | 4.03% | 1.51% | 5.33% | 5.02% |
| Property Operating Expenses | 181.51M | 196.87M | 198.24M | 206.73M | 252.1M | 293.26M | 294.78M | 317.75M | 867.71M | 784.77M |
| Net Operating Income (NOI) | 377.44M▲ 0% | 401.08M▲ 6.3% | 456.8M▲ 13.9% | 472.62M▲ 3.5% | 570.46M▲ 20.7% | 716.36M▲ 25.6% | 755.55M▲ 5.5% | 748.48M▼ 0.9% | 255.4M▼ 65.9% | 347.23M▲ 0% |
| NOI Margin % | 67.53% | 67.08% | 69.74% | 69.57% | 69.35% | 70.95% | 71.93% | 70.2% | 22.74% | 30.67% |
| Operating Expenses | 180.43M | 181.06M | 50.06M | 58.32M | 279.86M | 365.23M | 258.28M | 265.37M | -193.5M | -178.65M |
| G&A Expenses | 44.45M | 48.01M | 50.06M | 58.32M | 68.81M | 77.02M | 57.04M | 85.66M | 64.66M | 70.65M |
| EBITDA | 559.35M | 600.16M | 570.28M | 570.87M | 522.65M | 661.74M | 702.65M | 688.82M | 707.05M | 596.58M |
| EBITDA Margin % | 100.07% | 100.37% | 87.06% | 84.03% | 63.54% | 65.54% | 66.9% | 64.6% | 62.95% | 52.7% |
| Depreciation & Amortization | 363.63M | 380.14M | 163.55M | 156.57M | 232.05M | 310.61M | 205.38M | 205.7M | 258.15M | 262.91M |
| D&A / Revenue % | 65.06% | 63.57% | 24.97% | 23.05% | 28.21% | 30.76% | 19.55% | 19.29% | 22.99% | 23.23% |
| Operating Income | 195.72M▲ 0% | 220.02M▲ 12.4% | 406.74M▲ 84.9% | 414.3M▲ 1.9% | 290.6M▼ 29.9% | 351.13M▲ 20.8% | 497.27M▲ 41.6% | 483.12M▼ 2.8% | 448.9M▼ 7.1% | 333.66M▲ 0% |
| Operating Margin % | 35.02% | 36.8% | 62.09% | 60.98% | 35.33% | 34.78% | 47.34% | 45.31% | 39.97% | 29.48% |
| Interest Expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 114.1M | 0 |
| Interest Coverage | - | - | - | - | - | - | - | - | 3.90x | - |
| Non-Operating Income | 1.39M | -7.6M | 163.55M | 156.57M | 0 | 0 | -8.22M | 410K | 3.48M | 3.45M |
| Pretax Income | 135.61M▲ 0% | 165.49M▲ 22.0% | 170.77M▲ 3.2% | 167.61M▼ 1.9% | 230.81M▲ 37.7% | 292.47M▲ 26.7% | 412.44M▲ 41.0% | 391.88M▼ 5.0% | 331.32M▼ 15.5% | 325.46M▲ 0% |
| Pretax Margin % | 24.26% | 27.68% | 26.07% | 24.67% | 28.06% | 28.97% | 39.27% | 36.75% | 29.5% | 28.75% |
| Income Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Effective Tax Rate % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Net Income | 134.29M▲ 0% | 163.89M▲ 22.0% | 169.12M▲ 3.2% | 165.62M▼ 2.1% | 223.48M▲ 34.9% | 291.26M▲ 30.3% | 410.76M▲ 41.0% | 391.18M▼ 4.8% | 333.78M▼ 14.7% | 327.47M▲ 0% |
| Net Margin % | 24.03% | 27.41% | 25.82% | 24.38% | 27.17% | 28.85% | 39.11% | 36.69% | 29.72% | 28.93% |
| Net Income Growth % | 52.76% | 22.04% | 3.19% | -2.07% | 34.94% | 30.33% | 41.03% | -4.77% | -14.67% | -15.13% |
| Funds From Operations (FFO) | 497.92M▲ 0% | 544.03M▲ 9.3% | 332.66M▼ 38.9% | 322.19M▼ 3.1% | 455.53M▲ 41.4% | 601.87M▲ 32.1% | 616.14M▲ 2.4% | 596.88M▼ 3.1% | 591.93M▼ 0.8% | 590.38M▲ 0% |
| FFO Margin % | 89.08% | 90.98% | 50.79% | 47.43% | 55.38% | 59.61% | 58.66% | 55.98% | 52.7% | 52.15% |
| FFO Growth % | 9.33% | 9.26% | -38.85% | -3.15% | 41.38% | 32.13% | 2.37% | -3.12% | -0.83% | -6.89% |
| FFO per Share | 2.74 | 2.93 | 1.74 | 1.65 | 2.22 | 2.66 | 2.72 | 2.63 | 2.58 | 2.59 |
| FFO Payout Ratio % | 39.16% | 40.68% | 73.3% | 79.53% | 61.94% | 64.32% | 71.77% | 77.36% | 80.47% | 60.51% |
| EPS (Diluted) | 0.74▲ 0% | 0.88▲ 18.9% | 0.44▼ 50.0% | 0.85▲ 93.2% | 1.09▲ 28.2% | 1.29▲ 18.3% | 1.82▲ 41.1% | 1.72▼ 5.5% | 1.46▼ 15.1% | 1.44▲ 0% |
| EPS Growth % | 64.44% | 18.92% | -50% | 93.18% | 28.24% | 18.35% | 41.09% | -5.49% | -15.12% | -15.98% |
| EPS (Basic) | 0.74 | 0.89 | 0.44 | 0.85 | 1.10 | 1.29 | 1.82 | 1.73 | 1.46 | - |
| Diluted Shares Outstanding | 181.45M | 185.5M | 191.58M | 194.94M | 205.01M | 225.88M | 226.24M | 227.15M | 229.16M | 228.21M |
CubeSmart (CUBE) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | 3.55B | 3.75B | 4.03B | 4.78B | 6.55B | 6.33B | 6.23B | 6.39B | 6.64B | 6.6B |
| Asset Growth % | 2.02% | 5.86% | 7.37% | 18.58% | 37.04% | -3.39% | -1.59% | 2.72% | 3.89% | 19.4% |
| Real Estate & Other Assets | 3.41B | 3.61B | 3.79B | 4.52B | 6.11B | 6.06B | 5.96B | 6.05B | 93.01M | 0 |
| PP&E (Net) | 0 | 0 | 41.7M | 55.3M | 54.74M | 49.49M | 50.48M | 49.44M | 48.42M | 0 |
| Investment Securities | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 0 |
| Total Current Assets | 37.59M | 38.27M | 95.45M | 51.35M | 156.78M | 108.42M | 114.49M | 196.95M | 44.09M | 7.26M |
| Cash & Equivalents | 5.27M | 3.76M | 54.86M | 3.59M | 11.14M | 6.06M | 6.53M | 71.56M | 5.78M | 7.26M |
| Receivables | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 0 |
| Other Current Assets | 13.28M | 12.36M | 16.86M | 19.84M | 111.79M | 62.18M | 61.73M | 69.86M | 4.45M | 0 |
| Intangible Assets | 1.72M | 8.14M | 10.28M | 57.82M | 108.79M | 1.18M | 1.81M | 10.33M | 7.79M | 0 |
| Total Liabilities | 1.86B | 1.98B | 2.16B | 2.69B | 3.55B | 3.43B | 3.34B | 3.44B | 3.86B | 3.89B |
| Total Debt | 1.63B | 1.75B | 1.93B | 2.43B | 3.21B | 3.06B | 2.99B | 3.05B | 3.53B | 0 |
| Net Debt | 1.63B | 1.74B | 1.88B | 2.43B | 3.2B | 3.06B | 2.98B | 2.98B | 3.53B | -7.26M |
| Long-Term Debt | 1.55B | 1.55B | 1.93B | 2.25B | 2.94B | 2.94B | 2.9B | 2.99B | 3B | 0 |
| Short-Term Borrowings | 81.7M | 195.53M | 0 | 117.8M | 209.9M | 60.9M | 18.1M | 0 | 345.91M | 0 |
| Capital Lease Obligations | 0 | 0 | 0 | 65.6M | 65.8M | 65.76M | 65.71M | 65.67M | 173.37M | 304.61M |
| Total Current Liabilities | 301.87M | 428.66M | 227.88M | 374.33M | 546.95M | 427M | 373.82M | 388.1M | 345.91M | 42.71M |
| Accounts Payable | 143.34M | 149.91M | 137.88M | 159.14M | 199.99M | 214.38M | 201.42M | 229.58M | 0 | 0 |
| Deferred Revenue | 21.53M | 22.59M | 25.31M | 29.09M | 37.14M | 38.76M | 38.48M | 38.92M | 41.59M | 42.71M |
| Other Liabilities | -21.04M | -22.12M | -24.84M | -28.01M | -36.08M | 0 | 0 | 0 | 301.72M | 3.85B |
| Total Equity | 1.69B▲ 0% | 1.77B▲ 4.9% | 1.87B▲ 5.5% | 2.09B▲ 11.8% | 3B▲ 43.4% | 2.9B▼ 3.4% | 2.88B▼ 0.6% | 2.95B▲ 2.5% | 2.78B▼ 5.8% | 2.67B▲ 0% |
| Equity Growth % | -1.51% | 4.89% | 5.48% | 11.81% | 43.45% | -3.35% | -0.59% | 2.54% | -5.82% | -13.66% |
| Shareholders Equity | 1.63B | 1.71B | 1.8B | 1.83B | 2.87B | 2.83B | 2.8B | 2.87B | 2.72B | 2.65B |
| Minority Interest | 60.56M | 62.59M | 70.08M | 258.05M | 126.82M | 71.6M | 81.98M | 82.01M | 62.63M | 36.07M |
| Common Stock | 1.82M | 1.87M | 1.94M | 1.97M | 2.24M | 2.25M | 2.25M | 2.28M | 2.27M | 2.27M |
| Additional Paid-in Capital | 2.36B | 2.5B | 2.67B | 2.81B | 4.09B | 4.13B | 4.14B | 4.29B | 4.3B | 0 |
| Retained Earnings | -729.31M | -791.91M | -876.61M | -974.8M | -1.22B | -1.3B | -1.35B | -1.42B | -1.59B | -1.66B |
| Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Return on Assets (ROA) | 3.83% | 4.49% | 4.35% | 3.76% | 3.95% | 4.52% | 6.55% | 6.2% | 5.12% | 4.9% |
| Return on Equity (ROE) | 7.89% | 9.47% | 9.29% | 8.37% | 8.78% | 9.88% | 14.22% | 13.41% | 11.64% | 11.7% |
| Debt / Assets | 46.12% | 46.55% | 47.94% | 50.86% | 49.05% | 48.4% | 48.01% | 47.73% | 53.2% | 0% |
| Debt / Equity | 0.97x | 0.99x | 1.03x | 1.16x | 1.07x | 1.06x | 1.04x | 1.03x | 1.27x | 1.27x |
| Net Debt / EBITDA | 2.91x | 2.90x | 3.29x | 4.25x | 6.12x | 4.62x | 4.24x | 4.33x | 4.99x | 4.99x |
| Book Value per Share | 9.31 | 9.55 | 9.76 | 10.72 | 14.63 | 12.83 | 12.73 | 13.00 | 12.14 | 11.69 |
CubeSmart (CUBE) cash flow — operating, investing & free cash flow history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | 291.91M | 304.33M | 331.77M | 351.03M | 449.19M | 591.47M | 611.14M | 631.07M | 611.67M | 611.67M |
| Operating CF Growth % | 10.88% | 4.25% | 9.01% | 5.81% | 27.96% | 31.68% | 3.33% | 3.26% | -3.07% | -7.02% |
| Operating CF / Revenue % | 52.23% | 50.9% | 50.65% | 51.67% | 54.61% | 58.58% | 58.18% | 59.19% | 54.46% | 54.03% |
| Net Income | 134.29M | 163.89M | 166.3M | 165.62M | 223.48M | 291.26M | 410.76M | 391.18M | 333.78M | 327.47M |
| Depreciation & Amortization | 148.32M | 145.66M | 166.37M | 159.25M | 240.22M | 314.51M | 205.38M | 209.77M | 258.15M | 265.25M |
| Stock-Based Compensation | 5.59M | 5.57M | 6.69M | 7.2M | 8.09M | 9.08M | 10.09M | 11.49M | 0 | 11.62M |
| Other Non-Cash Items | 566K | -8.85M | -8.88M | 12.8M | -32.15M | -48.81M | -4.7M | 2.53M | 22.59M | 4.74M |
| Working Capital Changes | 3.1M | -1.94M | 1.28M | 6.16M | 9.55M | 25.43M | -10.39M | 16.11M | -2.85M | 3.79M |
| Cash from Investing | -150.3M | -322.26M | -375.66M | -511.44M | -1.85B | -48.77M | -93.82M | -173.96M | -574.18M | -126.11M |
| Acquisitions (Net) | -301K | -19.22M | -128.22M | -7.02M | -1.71B | -21K | -21K | -58.48M | -450.84M | 303K |
| Purchase of Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -5M | -78.56M | 390.85M |
| Sale of Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Investing | -81.22M | -217.04M | -144.62M | -504.42M | -145.42M | -48.75M | -93.8M | -110.48M | 0 | -496.63M |
| Cash from Financing | -143.32M | 15.25M | 95.86M | 108.2M | 1.41B | -547.09M | -518.03M | -387.67M | -104.92M | -491.93M |
| Dividends Paid | -195.01M | -221.33M | -243.86M | -256.25M | -282.14M | -387.11M | -442.22M | -461.77M | -476.31M | -357.26M |
| Common Dividends | -195.01M | -221.33M | -243.86M | -256.25M | -282.14M | -387.11M | -442.22M | -461.77M | -476.31M | -357.26M |
| Debt Issuance (Net) | 1000K | 1000K | 1000K | 1000K | 1000K | -1000K | -1000K | -1000K | 1000K | -1000K |
| Share Repurchases | 0 | 0 | 0 | -686K | 0 | 0 | -276K | 0 | -36.02M | -69.24M |
| Other Financing | -10.88M | 737K | -41.9M | -23.13M | -21.19M | -13.44M | -142K | 6.27M | -6.19M | -128.65M |
| Net Change in Cash | 2.29M▲ 0% | -2.68M▼ 216.6% | 51.96M▲ 2041.7% | -52.21M▼ 200.5% | 7.09M▲ 113.6% | -4.39M▼ 162.0% | -708K▲ 83.9% | 69.45M▲ 9908.8% | -67.43M▼ 197.1% | -6.28M▲ 0% |
| Exchange Rate Effect | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash at Beginning | 2.97M | 9.16M | 6.48M | 58.44M | 6.23M | 13.32M | 8.93M | 8.22M | 77.66M | 10.23M |
| Cash at End | 5.27M | 6.48M | 58.44M | 6.23M | 13.32M | 8.93M | 8.22M | 77.66M | 10.23M | 9.47M |
| Free Cash Flow | 291.91M▲ 0% | 304.33M▲ 4.3% | 331.77M▲ 9.0% | 351.03M▲ 5.8% | 449.19M▲ 28.0% | 591.47M▲ 31.7% | 611.14M▲ 3.3% | 631.07M▲ 3.3% | 566.89M▼ 10.2% | 611.03M▲ 0% |
| FCF Growth % | 10.88% | 4.25% | 9.01% | 5.81% | 27.96% | 31.68% | 3.33% | 3.26% | -10.17% | -2.59% |
| FCF / Revenue % | 52.23% | 50.9% | 50.65% | 51.67% | 54.61% | 58.58% | 58.18% | 59.19% | 50.47% | 53.98% |
CubeSmart (CUBE) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| FFO per Share | 2.74 | 2.93 | 1.74 | 1.65 | 2.22 | 2.66 | 2.72 | 2.63 | 2.58 | 2.59 |
| FFO Payout Ratio | 39.16% | 40.68% | 73.3% | 79.53% | 61.94% | 64.32% | 71.77% | 77.36% | 80.47% | 60.51% |
| NOI Margin | 67.53% | 67.08% | 69.74% | 69.57% | 69.35% | 70.95% | 71.93% | 70.2% | 22.74% | 30.67% |
| Net Debt / EBITDA | 2.91x | 2.90x | 3.29x | 4.25x | 6.12x | 4.62x | 4.24x | 4.33x | 4.99x | 4.99x |
| Debt / Assets | 46.12% | 46.55% | 47.94% | 50.86% | 49.05% | 48.4% | 48.01% | 47.73% | 53.2% | 0% |
| Interest Coverage | - | - | - | - | - | - | - | - | 3.90x | - |
| Book Value / Share | 9.31 | 9.55 | 9.76 | 10.72 | 14.63 | 12.83 | 12.73 | 13 | 12.14 | 11.69 |
| Revenue Growth | 9.59% | 6.98% | 9.55% | 3.71% | 21.08% | 22.74% | 4.03% | 1.51% | 5.33% | 5.02% |
CubeSmart (CUBE) SEC filings — annual & quarterly reports (10-K, 10-Q)
Mar 2, 2026·SEC
Mar 2, 2026·SEC
Feb 27, 2026·SEC
CubeSmart (CUBE) stock FAQ — growth, dividends, profitability & financials explained
CubeSmart (CUBE) reported $1.13B in revenue for fiscal year 2025. This represents a 1301% increase from $80.8M in 2003.
CubeSmart (CUBE) grew revenue by 5.3% over the past year. This is steady growth.
Yes, CubeSmart (CUBE) is profitable, generating $327.5M in net income for fiscal year 2025 (29.7% net margin).
Yes, CubeSmart (CUBE) pays a dividend with a yield of 5.31%. This makes it attractive for income-focused investors.
CubeSmart (CUBE) has a return on equity (ROE) of 11.6%. This is reasonable for most industries.
CubeSmart (CUBE) generated Funds From Operations (FFO) of $590.4M in the trailing twelve months. FFO is the primary profitability metric for REITs.
CubeSmart (CUBE) offers a 5.31% dividend yield, which is attractive for income investors. REITs are required to distribute at least 90% of taxable income to shareholders.
CubeSmart (CUBE) financial analysis — history, returns, DCA and operating performance tools
Historical returns with dividends reinvested
Dollar cost averaging vs lump sum
Yield, growth, payout safety & DRIP
EPS trends, net income & profitability
Long-term charts & historical price data
Sales growth patterns & revenue breakdown
30 years of market, efficiency and balance-sheet ratios
DCF intrinsic value, peer multiples & estimates