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Cubesmart (CUBE)
NYSE:CUBE
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CUBE Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$33.18 - $55.14
Previous Close$54
Volume512.74K
Average Volume (3M)1.20M
Market Cap
$12.10B
Enterprise Value$12.47B
Total Cash (Recent Filing)$5.66M
Total Debt (Recent Filing)$175.04M
Price to Earnings (P/E)30.3
Beta1.02
Next Earnings
Oct 24, 2024EPS Estimate
$0.45Next Dividend Ex-Date
Oct 01, 2024Dividend Yield3.74%
Share Statistics
EPS (TTM)1.78
Shares Outstanding225,198,729
10 Day Avg. Volume1,196,198
30 Day Avg. Volume1,202,321
Standard Deviation0.07
R-Squared0.33
Alpha0.00209
Financial Highlights & Ratios
Price to Book (P/B)4.39
Price to Sales (P/S)11.48
Price to Cash Flow (P/CF)17.80
P/FCF Ratio16.60
Enterprise Value/Market CapN/A
Enterprise Value/Revenue11.76
Enterprise Value/Gross Profit16.51
Enterprise Value/Ebitda23.14
Forecast
1Y Price Target
$52.82Price Target Upside-1.16% Downside
Rating ConsensusModerate Buy
Number of Analyst Covering11
Cubesmart News
Bulls Say, Bears Say
Bulls Say
Earnings GuidanceThe $2.64 midpoint of the 2024 FFO per share guidance suggests a likely further acceleration of earnings in the fourth quarter in addition to the forecast of accelerating earnings growth in the third quarter.
Financial HealthCUBE’s excellent balance sheet (4.3x debt/EBITDA) will support future growth.
Geographic PerformanceThe NYC metro area continues to be the biggest bright spot for CUBE, with revenue up +5.2% and NOI +6.7% despite a ~150 bp reduction in yr/yr occupancy.
Bears Say
Financial PerformanceCubeSmart's 2024 FFO per share guidance was narrowed to a range slightly below consensus, representing a year-over-year earnings contraction of 1.5%.
Operational ChallengesDue to weak top-line growth and a 4.2% year-over-year increase in same-store operating expenses, same-store net operating income decreased by 1.2% year-over-year.
Revenue GrowthExcluding NY, CUBE's Q2 same-store revenue growth dips to -1.0% (from +0.3% reported) and NOI declines to -3.4% (vs. -1.2% reported).
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Ownership Overview
10.47% Insiders
39.02% Mutual Funds
46.04% Other Institutional Investors
4.48% Public Companies and Individual Investors
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
Website Traffic
Sorry, No Data AvailableThere is no website visitor data available for this stock.
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CUBE FAQ
What was Cubesmart’s price range in the past 12 months?
Cubesmart lowest stock price was $33.17 and its highest was $55.14 in the past 12 months.
What is Cubesmart’s market cap?
Currently, no data Available
When is Cubesmart’s upcoming earnings report date?
Cubesmart’s upcoming earnings report date is Oct 24, 2024 which is in 35 days.
How were Cubesmart’s earnings last quarter?
Cubesmart released its earnings results on Aug 01, 2024. The company reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.422 by -$0.012.
Is Cubesmart overvalued?
According to Wall Street analysts Cubesmart’s price is currently Overvalued.
Does Cubesmart pay dividends?
Cubesmart pays a Quarterly dividend of $0.51 which represents an annual dividend yield of 3.74%. See more information on Cubesmart dividends here
What is Cubesmart’s EPS estimate?
Cubesmart’s EPS estimate is $0.45.
How many shares outstanding does Cubesmart have?
Cubesmart has 225,198,730 shares outstanding.
What happened to Cubesmart’s price movement after its last earnings report?
Cubesmart reported an EPS of $0.41 in its last earnings report, missing expectations of $0.422. Following the earnings report the stock price went up 1.903%.
Which hedge fund is a major shareholder of Cubesmart?
Among the largest hedge funds holding Cubesmart’s share is Diamond Hill Capital Management Inc. It holds Cubesmart’s shares valued at 114M.
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Cubesmart Stock Smart Score
Unlock Smart Score
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10
Analyst Consensus
Moderate Buy
Average Price Target:
$52.82 (-1.16% Downside)
$52.82 (-1.16% Downside)
Blogger Sentiment
Bullish
CUBE Sentiment 75%
Sector Average 68%
Sector Average 68%
Hedge Fund Trend
Decreased
By 187.0K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $8.5M over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Negative
Last 7 Days ▼ 1.7%
Last 30 Days ▼ 1.5%
Last 30 Days ▼ 1.5%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
40.16%
12-Months-Change
Fundamentals
Return on Equity
14.50%
Trailing 12-Months
Asset Growth
-1.54%
Trailing 12-Months
Company Description
Cubesmart
CubeSmart is a self-managed and self-administered real estate investment trust with its operations conducted solely through CubeSmart LP and its subsidiaries. It owns, operates, develops, manages, and acquires self-storage properties. The company was founded in July 2004 and is headquartered in Malvern, PA.
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CUBE Earnings Call
Q2 2024
0:00 / 0:00
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CUBE Stock 12 Month Forecast
Average Price Target
$52.82
▼(-1.16% Downside)
Technical Analysis
Public Storage
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Extra Space Storage
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National Storage Affiliates
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W. P. Carey Inc.
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Best Analysts Covering CUBE
1 Year
1 Year Success Rate
6/11 ratings generated profit
1 Year Average Return
+8.94%
reiterated a buy rating 2 days ago
Copying Jonathan Petersen's trades and holding each position for 1 Year would result in 54.55% of your transactions generating a profit, with an average return of +8.94% per trade.
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