CubeSmart

CubeSmart

45.89
USD
+1.63
(+3.68%)
1.45EPS
27.14P/E
8.97BMarket Cap
Feb 25Next Earn

Total Valuation

USD

As of June 30, 2026, CubeSmart carries a market capitalization of 8.97B, placing it among publicly traded companies globally. Its enterprise value stands at 12.55B, reflecting the total theoretical takeover cost after accounting for cash holdings and debt obligations.

Market Cap8.97B
Enterprise Value12.55B

Important Dates

CubeSmart's next confirmed earnings release is scheduled for February 25, 2027.

Earnings Date2/25/2027

Share Statistics

As of June 30, 2026, CubeSmart has 225.52M shares outstanding.

Shares Outstanding225.52M

Valuation Ratios

As of June 30, 2026, CubeSmart trades at a trailing price-to-earnings ratio of 27.14. The price-to-sales ratio is 7.98, and the price-to-book ratio stands at 3.48.

PE Ratio27.14
PS Ratio7.98
PB Ratio3.48
P/TBV Ratio3.48
P/FCF Ratio15.38
P/OCF Ratio15.17

Enterprise Valuation

As of June 30, 2026, CubeSmart trades at an EV/EBITDA multiple of 17.75 - the valuation measure that neutralizes differences in capital structure, tax rates, and depreciation policy, making it the standard yardstick for comparing companies across an industry. The EV/Sales ratio of 11.05 reflects the premium investors pay for the company's revenue stream, a useful check when earnings are depressed or negative. Its EV/EBIT multiple of 27.73 values the business against core operating earnings after depreciation, a stricter test than EV/EBITDA for capital-intensive businesses. CubeSmart trades at an EV/FCF ratio of 17.69, comparing the total takeover cost of the business to the cash it actually generates for all capital providers. These enterprise value multiples are built on an enterprise value of 12.55B versus a market cap of 8.97B, with the gap driven by net debt and cash on the balance sheet.

EV / Sales11.05
EV / EBITDA17.75
EV / EBIT27.73
EV / FCF17.69

Financial Position

As of June 30, 2026, CubeSmart maintains a current ratio of 0.17, meaning it holds 0.2x the short-term assets needed to cover near-term liabilities. The debt-to-equity ratio is 134.30, indicating elevated leverage, while an interest coverage ratio of 5.94 demonstrates adequate ability to service its debt obligations.

Current Ratio0.17
Quick Ratio0.06
Debt / Equity134.30
Debt / EBITDA5.01
Interest Coverage5.94

Financial Efficiency

USD

Over the twelve months ended June 30, 2026, CubeSmart posted a return on equity (ROE) of 12.39, showing how much profit the company earns on every dollar of shareholder capital. Return on invested capital (ROIC) comes in at 7.25 - the clearest signal of whether the business earns more on its capital than that capital costs, and the core measure of a durable competitive advantage. Return on assets (ROA) stands at 5.03, measuring how efficiently the asset base is converted into earnings. Return on capital employed (ROCE) is 7.29, useful for judging operating efficiency across full business cycles. The company generates approximately 364,541.91 in revenue per employee across its workforce of 3,116.75, a quick read on workforce productivity versus industry peers.

Return on Equity (ROE)12.39
Return on Assets (ROA)5.03
Return on Invested Capital (ROIC)7.25
Return on Capital Employed (ROCE)7.29
Revenue Per Employee364,541.91
Employee Count3,116.75

Stock Price Statistics

USD

As of the close on November 4, 2026, CubeSmart's stock has gained approximately 22.67% over the past 52 weeks. The 50-day moving average sits at 39.40, while the 200-day moving average is 39.67.

52-Week Price Change22.67%
50-Day Moving Average39.40
200-Day Moving Average39.67

Income Statement

USD

Over the twelve months ended June 30, 2026, CubeSmart generated 1.14B in revenue and converted that into 334.10M in net income, yielding earnings per share of 1.45. EBITDA reached 707.23M, while operating income came in at 452.75M.

Revenue1.14B
Gross Profit770.66M
Operating Income452.75M
Pretax Income332.35M
Net Income334.10M
EBITDA707.23M
EBIT452.75M
Earnings Per Share (EPS)1.45

Balance Sheet

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As of June 30, 2026, CubeSmart holds 14.31M in cash and equivalents against 3.54B in total debt, resulting in a net debt position of 3.46B. Total book value stands at 2.58B, with working capital of -714.99M providing operational flexibility.

Cash & Cash Equivalents14.31M
Total Debt3.54B
Net Debt3.46B
Equity (Book Value)2.58B
Book Value Per Share11.44
Working Capital-714.99M

Cash Flow

USD

CubeSmart produced 597.88M in operating cash flow over the twelve months ended June 30, 2026. After subtracting -7.26M in capital expenditures, free cash flow totaled 590.63M - equivalent to 2.59 per share.

Operating Cash Flow597.88M
Capital Expenditures-7.26M
Free Cash Flow590.63M
FCF Per Share2.59

Margins

Over the twelve months ended June 30, 2026, CubeSmart posted a gross margin of 67.83, reflecting its pricing power and cost economics. The operating margin of 39.85 and net profit margin of 29.41 provide insight into operational efficiency.

Gross Margin67.83
Operating Margin39.85
Pretax Margin29.25
Profit Margin29.41
EBITDA Margin62.25

Dividends & Yields

USD

Over the twelve months ended June 30, 2026, CubeSmart paid dividends of 2.10 per share. The dividend payout ratio of 145.14 exceeds 100%, meaning the company is distributing more than it earns and funding the dividend from cash reserves, asset sales, or borrowing, a key gauge of how sustainable the dividend is and how much room remains for future dividend growth. Free cash flow yield stands at 6.50, showing how much cash the business generates relative to its market value - dividends covered by free cash flow are generally more durable than those funded by debt. Total shareholder yield reaches 5.44, combining dividends paid with share buybacks and debt reduction for a fuller picture of capital returned to CubeSmart shareholders.

Dividend Per Share2.10
Payout Ratio145.14
Shareholder Yield5.44
FCF Yield6.50

Scores

As of June 30, 2026, CubeSmart has an Altman Z-Score of 1.26, below the 3.0 threshold that indicates strong financial health and minimal bankruptcy risk.

Altman Z-Score1.26