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CubeSmart

CUBE

NYSEReal EstateREIT - Industrial

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Previous close

$40.89

−$0.29 · -0.70%

Aug 21, 4:00 PM ET

CUBE company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Buy

Favorable setup — positive multi-factor alignment

Valuation

67

Undervalued

Momentum

42

Neutral

Sentiment

69

Bullish

Risk resilience

77

Moderate Risk

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AI-generated, informational only, and not investment advice.

Company profile

Company website

CubeSmart functions as an independent real estate investment trust (REIT), overseeing both its administration and management. The company's self-storage facilities deliver secure, convenient, and budget-friendly storage options for both private individuals and commercial entities. According to data from the 2020 Self-Storage Almanac, CubeSmart ranks among the top three owners and operators of self-storage properties nationwide.

Industry
REIT - Industrial
Sector
Real Estate
Headquarters
US
CEO
Christopher Marr
Listed since
Oct 22, 2004
Employees
3,121

Market position

Day range

Current $40.89

52-week range

Current $40.89

Open
$41.33
Previous close
$41.18
Volume
990.93K
0.47× average
Average volume
2.11M
Average daily volume
Market cap
9.26B USD
Beta
1.06
Market reference 1
50-day average
$41.1336
-0.59% below average
200-day average
$38.9587
+4.96% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
11.77B USD
P/E (TTM)
28.01×
P/B (TTM)
3.61×
P/S (TTM)
8.15×
EV / EBITDA
16.73×
Earnings yield
4.05%
Free cash flow yield
6.88%
Dividend yield
5.16%

Profitability & efficiency

Gross margin
17.42%
Operating margin
39.85%
Net margin
29.41%
Return on equity
12.27%
Return on assets
5.02%
Return on invested capital
6.76%

Financial health

Debt / equity
1.37×
Current ratio
0.13×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends77%57%37%18%Gross margin, FY2021: 69.35%Gross margin, FY2022: 70.95%Gross margin, FY2023: 71.93%Gross margin, FY2024: 70.20%Gross margin, FY2025: 22.74%Operating margin, FY2021: 35.33%Operating margin, FY2022: 34.78%Operating margin, FY2023: 47.34%Operating margin, FY2024: 45.31%Operating margin, FY2025: 39.97%Net margin, FY2021: 27.17%Net margin, FY2022: 28.85%Net margin, FY2023: 39.11%Net margin, FY2024: 36.69%Net margin, FY2025: 29.72%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 69.35%. Gross margin FY2022 70.95%. Gross margin FY2023 71.93%. Gross margin FY2024 70.20%. Gross margin FY2025 22.74%. Operating margin FY2021 35.33%. Operating margin FY2022 34.78%. Operating margin FY2023 47.34%. Operating margin FY2024 45.31%. Operating margin FY2025 39.97%. Net margin FY2021 27.17%. Net margin FY2022 28.85%. Net margin FY2023 39.11%. Net margin FY2024 36.69%. Net margin FY2025 29.72%.

Income trends

Revenue

1.12B USD+5.33%

Operating income

448.9M USD-7.08%

Net income

333.78M USD-14.67%
Income trends across reported periods1.21B USD853.22M USD493.37M USD133.52M USDRevenue, FY2021: 822.56M USDRevenue, FY2022: 1.01B USDRevenue, FY2023: 1.05B USDRevenue, FY2024: 1.07B USDRevenue, FY2025: 1.12B USDOperating income, FY2021: 290.6M USDOperating income, FY2022: 351.13M USDOperating income, FY2023: 497.28M USDOperating income, FY2024: 483.12M USDOperating income, FY2025: 448.9M USDNet income, FY2021: 223.48M USDNet income, FY2022: 291.26M USDNet income, FY2023: 410.76M USDNet income, FY2024: 391.18M USDNet income, FY2025: 333.78M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 822.56M USD. Revenue FY2022 1.01B USD. Revenue FY2023 1.05B USD. Revenue FY2024 1.07B USD. Revenue FY2025 1.12B USD. Operating income FY2021 290.6M USD. Operating income FY2022 351.13M USD. Operating income FY2023 497.28M USD. Operating income FY2024 483.12M USD. Operating income FY2025 448.9M USD. Net income FY2021 223.48M USD. Net income FY2022 291.26M USD. Net income FY2023 410.76M USD. Net income FY2024 391.18M USD. Net income FY2025 333.78M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue1.12B USD1.07B USD1.05B USD1.01B USD822.56M USD
Cost of goods sold867.71M USD317.75M USD294.78M USD293.26M USD252.1M USD
Gross profit255.4M USD748.48M USD755.55M USD716.36M USD570.46M USD
Selling, general, and administrative64.66M USD85.66M USD57.04M USD77.02M USD68.81M USD
Operating expenses−193.5M USD265.37M USD258.28M USD365.23M USD279.86M USD
Interest expense114.1M USD————
Depreciation and amortization258.15M USD205.7M USD205.38M USD310.61M USD232.05M USD
Operating income448.9M USD483.12M USD497.28M USD351.13M USD290.6M USD
Net income333.78M USD391.18M USD410.76M USD291.26M USD223.48M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
36%
4 beats, 6 misses, 1 met estimate
Average EPS surprise
-0.18%
11 comparable reports
Latest EPS result
0.39
Estimate 0.36 · Beat by 7.23%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates0.490.430.360.3Q1 '25MetQ2 '25BeatQ3 '25MissQ4 '25MissQ1 '26MissQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 27, 2025: actual 0.45, estimate 0.45, surprise 0.00%, Met estimate. Q2 2025, reported May 1, 2025: actual 0.39, estimate 0.387, surprise +0.72%, Beat. Q3 2025, reported Jul 31, 2025: actual 0.36, estimate 0.384, surprise -6.30%, Miss. Q4 2025, reported Oct 30, 2025: actual 0.36, estimate 0.377, surprise -4.56%, Miss. Q1 2026, reported Feb 26, 2026: actual 0.34, estimate 0.37, surprise -8.06%, Miss. Q2 2026, reported Apr 30, 2026: actual 0.36, estimate 0.35, surprise +2.92%, Beat. Q3 2026, reported Jul 30, 2026: actual 0.39, estimate 0.364, surprise +7.23%, Beat. Q4 2026, reported Oct 29, 2026: actual —, estimate 0.41, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates297.95M282.66M267.37M252.08MQ1 '25BeatQ2 '25BeatQ3 '25BeatQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 27, 2025: actual 267.72M USD, estimate 265.37M USD, surprise +0.89%, Beat. Q2 2025, reported May 1, 2025: actual 273.04M USD, estimate 263.54M USD, surprise +3.60%, Beat. Q3 2025, reported Jul 31, 2025: actual 282.3M USD, estimate 273.96M USD, surprise +3.04%, Beat. Q4 2025, reported Oct 30, 2025: actual 285.08M USD, estimate 280.46M USD, surprise +1.65%, Beat. Q1 2026, reported Feb 26, 2026: actual 282.71M USD, estimate 276.52M USD, surprise +2.24%, Beat. Q2 2026, reported Apr 30, 2026: actual 281.93M USD, estimate 275.25M USD, surprise +2.43%, Beat. Q3 2026, reported Jul 30, 2026: actual 286.49M USD, estimate 281.12M USD, surprise +1.91%, Beat. Q4 2026, reported Oct 29, 2026: actual —, estimate 286.25M USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$44.25

8.22% upside
Past 12 months12-month forecastHigh $47.00Average $44.25Low $42.00

CUBE peers

Welltower Inc. logo

WELL

Welltower Inc.

$239.3

+0.80%

Prologis, Inc. logo

PLD

Prologis, Inc.

$141.8

+0.79%

American Tower Corporation logo

AMT

American Tower Corporation

$175.8

+0.05%

Simon Property Group, Inc. logo

SPG

Simon Property Group, Inc.

$218.29

-0.73%

Digital Realty Trust, Inc. logo

DLR

Digital Realty Trust, Inc.

$190.62

-1.89%

Public Storage logo

PSA

Public Storage

$322.49

-0.08%

ETFs holding CUBE

Funds reporting this stock among their holdings, ordered by reported position size.

Vanguard Real Estate ETF logoVanguard Real Estate ETFVNQ
Market value
352.38M
Weight
0.48%
AUM
73.1B USD
Expense ratio
0.13%
Price / 1D
$98.50-0.10%
iShares Core S&P Mid-Cap ETF logoiShares Core S&P Mid-Cap ETFIJH
Market value
322.2M
Weight
0.25%
AUM
125.92B USD
Expense ratio
0.05%
Price / 1D
$76.77+0.52%
Vanguard Morningstar Total Stock Market ETF logoVanguard Morningstar Total Stock Market ETFVTI
Market value
298.88M
Weight
0.01%
AUM
2.3T USD
Expense ratio
0.03%
Price / 1D
$378.24+0.44%
Vanguard Morningstar Small-Cap ETF logoVanguard Morningstar Small-Cap ETFVB
Market value
215.84M
Weight
0.12%
AUM
183.4B USD
Expense ratio
0.03%
Price / 1D
$304.76+0.64%
Vanguard Morningstar Small-Cap Value ETF logoVanguard Morningstar Small-Cap Value ETFVBR
Market value
137.06M
Weight
0.20%
AUM
68.3B USD
Expense ratio
0.05%
Price / 1D
$249.18+0.68%
Vanguard Extended Market ETF logoVanguard Extended Market ETFVXF
Market value
108.12M
Weight
0.11%
AUM
93.7B USD
Expense ratio
0.05%
Price / 1D
$245.53+0.82%
Schwab U.S. REIT ETF logoSchwab U.S. REIT ETFSCHH
Market value
73.22M
Weight
0.64%
AUM
11.39B USD
Expense ratio
0.07%
Price / 1D
$24.04-0.08%
State Street SPDR S&P MIDCAP 400 ETF Trust logoState Street SPDR S&P MIDCAP 400 ETF TrustMDY
Market value
68.28M
Weight
0.26%
AUM
26.72B USD
Expense ratio
0.23%
Price / 1D
$699.6+0.48%

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