CubeSmart

CubeSmart

33.13
EUR
-0.21
(-0.63%)
1.32EPS
26.21P/E
7.88BMarket Cap
Oct 29Next Earn

Total Valuation

EUR

As of June 30, 2026, CubeSmart carries a market capitalization of 7.88B, placing it among publicly traded companies globally. Its enterprise value stands at 11.01B, reflecting the total theoretical takeover cost after accounting for cash holdings and debt obligations.

Market Cap7.88B
Enterprise Value11.01B

Important Dates

CubeSmart's next confirmed earnings release is scheduled for October 29, 2026.

Earnings Date10/29/2026

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 26.21. The price-to-sales ratio is 7.71, and the price-to-book ratio stands at 3.49.

PE Ratio26.21
PS Ratio7.71
PB Ratio3.49
P/TBV Ratio3.49
P/FCF Ratio14.86
P/OCF Ratio14.65

Enterprise Valuation

As of June 30, 2026, CubeSmart trades at an EV/EBITDA multiple of 17.79 - 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 11.07 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 27.79 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 17.73, 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 11.01B versus a market cap of 7.88B, with the gap driven by net debt and cash on the balance sheet.

EV / Sales11.07
EV / EBITDA17.79
EV / EBIT27.79
EV / FCF17.73

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

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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 319,083.53 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 Employee319,083.53
Employee Count3,116.75

Stock Price Statistics

EUR

As of the close on September 30, 2026, CubeSmart's stock has declined approximately 3.92% over the past 52 weeks. The 50-day moving average sits at 34.90, while the 200-day moving average is 33.79.

52-Week Price Change-3.92%
50-Day Moving Average34.90
200-Day Moving Average33.79

Income Statement

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Over the twelve months ended June 30, 2026, CubeSmart generated 994.50M in revenue and converted that into 292.44M in net income, yielding earnings per share of 1.32. EBITDA reached 619.03M, while operating income came in at 396.29M.

Revenue994.50M
Gross Profit674.56M
Operating Income396.29M
Pretax Income290.91M
Net Income292.44M
EBITDA619.03M
EBIT396.29M
Earnings Per Share (EPS)1.32

Balance Sheet

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As of June 30, 2026, CubeSmart holds 12.53M in cash and equivalents against 3.10B in total debt, resulting in a net debt position of 3.03B. Total book value stands at 2.26B, with working capital of -625.84M providing operational flexibility.

Cash & Cash Equivalents12.53M
Total Debt3.10B
Net Debt3.03B
Equity (Book Value)2.26B
Book Value Per Share10.01
Working Capital-625.84M

Cash Flow

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CubeSmart produced 523.33M in operating cash flow over the twelve months ended June 30, 2026. After subtracting -6.35M in capital expenditures, free cash flow totaled 516.97M - equivalent to 2.35 per share.

Operating Cash Flow523.33M
Capital Expenditures-6.35M
Free Cash Flow516.97M
FCF Per Share2.35

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

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Over the twelve months ended June 30, 2026, CubeSmart paid dividends of 1.91 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 6.73, 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 5.42, combining dividends paid with share buybacks and debt reduction for a fuller picture of capital returned to CubeSmart shareholders.

Dividend Per Share1.91
Payout Ratio145.14
Shareholder Yield5.42
FCF Yield6.73

Scores

As of June 30, 2026, CubeSmart has an Altman Z-Score of 1.27, below the 3.0 threshold that indicates strong financial health and minimal bankruptcy risk.

Altman Z-Score1.27