AlphaMadera's AlphaVal page classifies CubeSmart as a Real Estate Investment Trust business and values it using P/FFO × Industrial REIT Multiple, then compares the result to the current market price to flag CUBE as undervalued, fairly valued, or overvalued.

What is CubeSmart's fair value?

Fair value for CUBE comes from a P/FFO × Industrial REIT Multiple model -- the approach AlphaVal selected for this company's Real Estate Investment Trust classification. The live AlphaVal page shows bear, base, and bull scenarios alongside the key assumption behind each.

How does AlphaMadera value CUBE?

AlphaVal routes each company to one of ten valuation archetypes based on its business model. CUBE was classified as Real Estate Investment Trust and is valued using P/FFO × Industrial REIT Multiple, built from CUBE's most recent reported fundamentals.

CUBE - CubeSmart

Price: -- -- | CONSENSUS: Hold DETAILS | PRICE TARGET: $43.38 DETAILS

AlphaVal

Deterministic, archetype-aware fair value

Real Estate Investment Trust 85% confidence

Primary model: P/FFO × Industrial REIT Multiple

Valuation Signal Undervalued Strong

Trading 43.8% below fair value

Current Price $38.58

Bear Case $56.74 47.1% upside ($56.74 - $38.58) / $38.58 = 47.1% $2.62 FFO × 23x

Fair Value $68.66 78.0% upside ($68.66 - $38.58) / $38.58 = 78.0% $2.62 FFO × 28x

Bull Case $80.58 108.9% upside ($80.58 - $38.58) / $38.58 = 108.9% $2.62 FFO × 33x

Adjust Assumptions

P/FFO Multiple

27.8x

FFO per Share

2.62$

Key Value Driver

FFO/share ($2.62) × industrial P/FFO multiple

Terminal Value % of EV

Implied Market Multiple 14.8x

Market is pricing in (growth)

Plain-Language Summary

At $2.62 FFO/share with a 28x industrial REIT multiple, the base-case value is $68.66 per share. Dividend yield: 5.5%. DDM cross-check: $59.27.

Analyst Consensus (External Reference)

Never blended into the bear/base/bull estimates above -- shown only as an outside comparison.

Average Target (29 analysts) $43.38

Analyst Range $38.00 – $47.00

Divergence from AlphaVal 58%

Warnings

⚠ Standard profit figures are misleading for real estate companies — large non-cash accounting charges make profits look artificially low. Dividend yield and funds from operations are better measures.

⚠ Dividend yield of 5.5% is unusually high — make sure the company generates enough cash to keep paying it.

ℹ Wall Street's average price target is $43.38 (from 29 analysts). Our estimate is 58% above the consensus -- consider that gap carefully.

Key Risks

P/E and EV/EBITDA are structurally wrong for REITs — use P/FFO and NAV
Interest rate sensitivity: REIT multiples compress when rates rise
FFO approximation (NI + D&A) may include gains on property sales — verify