CubeSmart logo CUBE - CubeSmart

Price: -- -- | CONSENSUS: Hold DETAILS
STRONG
BUY
0
BUY 12
HOLD 16
SELL 1
STRONG
SELL
0
| PRICE TARGET: $40.33 DETAILS
HIGH: $43.00
LOW: $38.00
MEDIAN: $40.50
CONSENSUS: $40.33
UPSIDE: 0.65%
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000
Revenue
Revenue 1,123.1 1,066.2 1,050.3 1,009.6 822.6 679.4 655.0 597.9 558.9 510.0 444.5 377.0 318.4 283.1 237.6 216.8 217.3 236.4 229.2 213.1 148.1 91.6 80.8 76.6 62.3 53.1
Cost of Revenue 867.7 317.8 294.8 293.3 252.1 206.7 198.2 196.9 181.5 165.8 153.2 132.7 118.2 110.8 99.2 93.7 93.9 99.2 0.1 0.1 0.0 0 0 0 0 0
Gross Profit 255.4 748.5 755.6 716.4 570.5 472.6 456.8 401.1 377.4 344.2 291.3 244.3 200.2 172.3 138.4 123.1 123.3 137.2 229.1 213.0 148.1 91.6 80.8 76.6 62.3 53.1
Operating Expenses
R&D Expenses 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
SG&A Expenses 64.7 85.7 57.0 77.0 68.8 58.3 50.1 48.0 44.4 42.2 37.0 36.1 37.2 26.1 24.7 25.4 22.6 25.0 22.0 22.3 18.5 4.3 4.4 0 0 0
Other Expenses (258.2) 179.7 201.2 288.2 211.0 0 0 0.2 0.9 1.1 (0.2) (0.4) 0.0 0.3 68.2 62.9 70.8 122.8 168.7 149.7 94.9 61.7 47.6 49.9 38.5 33.2
Operating Expenses (193.5) 265.4 258.3 365.2 279.9 58.3 50.1 181.1 180.4 194.7 180.2 155.2 141.9 140.0 92.9 88.4 93.4 50.5 190.7 172.0 113.4 65.9 52.0 49.9 38.5 33.2
Operating Income
Operating Income 448.9 483.1 497.3 351.1 290.6 414.3 406.7 220.0 195.7 143.0 107.9 81.5 58.3 32.2 45.5 34.8 29.9 34.7 38.5 39.2 34.7 25.7 28.9 26.7 23.8 19.9
Interest Expense 114.1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Interest Income 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Profitability
EBITDA 703.6 688.8 710.9 661.7 522.7 414.3 406.7 363.5 339.5 307.0 260.0 208.4 170.6 146.1 113.8 97.7 100.8 112.3 110.7 105.2 44.5 24.2 49.6 26.7 23.8 19.9
EBIT 445.4 482.7 505.5 351.1 290.6 257.7 243.2 227.6 194.3 138.8 109.4 82.8 57.1 27.0 19.4 22.8 28.3 28.1 90.5 38.4 32.8 (4.1) 28.9 26.7 23.8 19.9
Income Before Tax 331.3 391.9 412.4 292.5 230.8 167.6 170.8 165.5 135.6 88.4 78.8 26.4 10.4 (8.3) (5.1) (9.9) (0.9) 2.8 (13.1) (8.6) 2.6 12.7 0 0 0 0
Income Tax Expense 0 0 0 0 0 0 0 0 0 0 0 40.1 8.2 37.1 45.6 42.2 30.9 83.9 0 49.6 32.0 58.0 12.6 (9.7) (6.9) (8.2)
Net Income 333.8 391.2 410.8 291.3 223.5 165.6 169.1 163.9 134.3 87.9 77.7 26.4 41.4 1.8 (0.4) (7.4) (0.9) 2.8 (13.1) (8.6) 2.8 (32.3) 16.2 9.7 6.9 8.2
Per Share Data
EPS (Basic) 1.46 1.73 1.82 1.29 1.10 0.85 0.44 0.89 0.74 0.45 0.43 0.14 0.26 -0.03 -0.00 -0.08 -0.01 0.05 -0.23 -0.15 0.04 -0.86 0.47 0.29 0.20 0.24
EPS (Diluted) 1.46 1.72 1.82 1.29 1.09 0.85 0.44 0.88 0.74 0.45 0.42 0.14 0.26 -0.03 -0.00 -0.08 -0.01 0.05 -0.23 -0.15 0.04 -0.86 0.47 0.29 0.20 0.24
Shares Outstanding 228.7 226.4 225.4 224.9 203.8 194.1 190.9 184.7 180.5 178.2 168.6 149.1 135.2 124.1 103.0 94.0 71.0 57.6 57.5 57.3 42.1 37.5 33.7 33.7 33.7 33.7
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2009 2008 2004 2003 2002 2001 2000
Current Assets
Cash & Cash Equivalents 5.8 71.6 6.5 6.1 11.1 3.6 54.9 3.8 5.3 3.0 102.8 3.7 28.5 7.5 0 0 0
Short-Term Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Net Receivables 33.9 40.5 33.2 30.0 23.6 19.0 16.8 16.3 13.0 7.8 20.1 0 0 0 0 0 0
Inventory 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Current Assets 4.5 69.9 61.7 62.2 111.8 19.8 16.9 12.4 13.3 14.6 (3.7) 34.0 (28.5) (7.5) 0 0 0
Total Current Assets 44.1 197.0 114.5 108.4 156.8 51.4 95.5 38.3 37.6 30.1 119.1 37.7 0 0 0 0 0
Non-Current Assets
Property, Plant & Equipment 48.4 49.4 50.5 49.5 54.7 55.3 41.7 0 0 0 1,430.5 1,560.0 729.2 395.6 0 0 0
Goodwill 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Intangible Assets 7.8 10.3 1.8 1.2 108.8 57.8 10.3 8.1 1.7 8.3 0 0 0 0 0 0 0
Long-Term Investments 6,449.9 92.0 98.3 106.0 119.8 97.1 96.1 100.8 91.2 98.7 0 0 0 0 0 0 0
Other Non-Current Assets 93.0 6,045.5 5,960.0 6,060.7 6,108.0 4,516.6 3,786.0 3,605.8 3,414.8 3,338.0 49.2 0 (729.2) (395.6) 0 0 0
Total Non-Current Assets 6,599.1 6,197.2 6,110.5 6,217.4 6,391.3 4,726.8 3,934.1 3,714.7 3,507.7 3,444.9 1,479.7 1,560.0 0 0 0 0 0
Total Assets 6,643.2 6,394.2 6,225.0 6,325.8 6,548.1 4,778.1 4,029.5 3,753.0 3,545.3 3,475.0 1,598.9 1,597.7 775.9 412.2 420.1 392.0 268.3
Current Liabilities
Account Payables 0 229.6 201.4 214.4 200.0 159.1 137.9 149.9 143.3 93.8 33.8 0 0 0 0 0 0
Short-Term Debt 345.9 0 18.1 60.9 209.9 117.8 0 195.5 81.7 43.3 569.0 548.1 0 0 0 0 0
Deferred Revenue 0 38.9 38.5 38.8 37.1 29.1 25.3 22.6 21.5 20.2 8.4 9.7 0 0 0 0 0
Other Current Liabilities 0 0 0 1.8 2.5 0 0 0 0 0 (577.5) 0.5 (18.5) 0 0 0 0
Total Current Liabilities 345.9 388.1 373.8 427.0 546.9 374.3 227.9 428.7 301.9 206.5 36.2 599.3 0 0 0 0 0
Non-Current Liabilities
Long-Term Debt 2,998.5 2,986.5 2,904.7 2,935.3 2,935.9 2,246.9 1,931.8 1,551.6 1,553.3 1,552.4 769.0 429.4 380.5 271.6 0 0 0
Deferred Tax Liabilities 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Liabilities 301.7 0 0 0 (36.1) (28.0) (24.8) (22.1) (21.0) (19.8) 45.9 46.0 (380.7) (271.9) 0 0 0
Total Non-Current Liabilities 3,515.2 3,052.2 2,970.4 3,001.0 3,002.8 2,313.6 1,932.2 1,552.0 1,553.8 1,552.9 823.3 475.4 0 0 0 0 0
Total Liabilities 3,861.1 3,440.3 3,344.2 3,428.0 3,549.7 2,687.9 2,160.1 1,980.7 1,855.6 1,759.4 859.5 1,028.7 380.7 271.9 0 0 0
Stockholders' Equity
Common Stock 2.3 2.3 2.2 2.2 2.2 2.0 1.9 1.9 1.8 1.8 0.9 0.6 0.4 0 0 0 0
Retained Earnings (1,585.1) (1,415.7) (1,345.2) (1,301.0) (1,218.5) (974.8) (876.6) (791.9) (729.3) (658.6) (279.7) (271.1) (37.4) 0 0 0 0
Accumulated Other Comprehensive Income (0.2) (0.3) (0.4) (0.5) (0.6) (0.6) (0.7) (1.0) 0.0 (1.9) (0.9) (7.6) 0 0 0 0 0
Total Stockholders' Equity 2,719.4 2,871.9 2,798.8 2,826.2 2,871.6 1,832.2 1,799.3 1,709.7 1,629.1 1,655.4 695.3 522.9 359.4 131.7 140.8 142.2 113.0
Total Liabilities & Equity 6,643.2 6,394.2 6,225.0 6,325.8 6,548.1 4,778.1 4,029.5 3,753.0 3,545.3 3,475.0 1,598.9 1,597.7 775.9 412.2 420.1 392.0 268.3
Debt Metrics
Total Debt 3,533.9 3,052.2 2,988.5 3,061.9 3,211.6 2,430.3 1,931.8 1,747.1 1,635.0 1,595.7 1,338.1 977.5 380.7 271.9 0 0 0
Net Debt 3,528.1 2,980.7 2,982.0 3,055.9 3,200.4 2,426.7 1,876.9 1,743.3 1,629.7 1,592.8 1,235.3 973.8 352.2 264.4 0 0 0
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2005 2004 2003
Operating Activities
Net Income 333.8 391.2 410.8 291.3 223.5 165.6 166.3 163.9 134.3 87.9 2.6 (32.3) 16.2
Depreciation & Amortization 258.2 209.8 205.4 314.5 240.2 159.2 166.4 145.7 148.3 164.4 41.9 28.3 20.7
Stock-Based Compensation 0 11.5 10.1 9.1 8.1 7.2 6.7 5.6 5.6 3.2 2.2 0 0
Change in Working Capital (2.9) 16.1 (10.4) 25.4 9.5 6.2 1.3 (1.9) 3.1 6.0 2.2 8.2 0.6
Other Non-Cash Items 22.6 2.5 (4.7) (48.8) (32.1) 12.8 (8.9) (8.8) 0.6 0.7 (0.1) 27.4 (3.3)
Operating Cash Flow 611.7 631.1 611.1 591.5 449.2 351.0 331.8 304.3 291.9 263.3 46.1 34.9 34.2
Investing Activities
Capital Expenditure (44.8) 0 0 0 0 0 (102.8) (86.0) (68.8) (136.9) (381.1) (227.8) (8.8)
Acquisitions (450.8) (58.5) (0.0) (0.0) (1,707.2) (7.0) (128.2) (19.2) (0.3) (12.2) 0 (2.9) 0
Purchases of Investments (78.6) (5) 0 0 0 0 0 0 0 0 (125.0) 0 0
Sales/Maturities of Investments 0 0 0 0 0 0 0 0 0 0 29.8 0 0
Other Investing Activities 0 (110.5) (93.8) (48.7) (145.4) (504.4) (144.6) (217.0) (81.2) (410.2) (12.8) (6.5) 6.3
Investing Cash Flow (574.2) (174.0) (93.8) (48.8) (1,852.7) (511.4) (375.7) (322.3) (150.3) (559.3) (489.1) (237.3) (2.5)
Financing Activities
Net Debt Issuance 408.2 (50.4) (75.4) (151.4) 748.3 267.5 185.3 104.0 32.9 304.6 184.5 (186.6) 1.5
Stock Repurchased (36.0) 0 (0.3) 0 0 (0.7) 0 0 0 0 0 0 0
Dividends Paid (476.3) (461.8) (442.2) (387.1) (282.1) (256.3) (243.9) (221.3) (195.0) (155.8) (44.5) (18.3) 0
Other Financing Activities (6.2) 6.3 (0.1) (13.4) (21.2) (23.1) (41.9) 0.7 (10.9) 12.1 (2.2) 0.1 (27.3)
Financing Cash Flow (104.9) (387.7) (518.0) (547.1) 1,410.6 108.2 95.9 15.2 (143.3) 219.4 516.5 220.2 (25.7)
Cash Position
Net Change in Cash (67.4) 69.4 (0.7) (4.4) 7.1 (52.2) 52.0 (2.7) 2.3 (59.9) 172.6 21.0 6.0
Cash at Beginning 77.7 8.2 8.9 13.3 6.2 58.4 6.5 9.2 3.0 62.9 28.5 9.6 1.5
Cash at End 10.2 77.7 8.2 8.9 13.3 6.2 58.4 6.5 5.3 3.0 201.1 30.6 7.5
Free Cash Flow 566.9 631.1 611.1 591.5 449.2 351.0 331.8 304.3 291.9 263.3 (335.0) (192.9) 25.4
Key Metrics 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000
Income Statement
Revenue 1,123.1 1,066.2 1,050.3 1,009.6 822.6 679.4 655.0 597.9 558.9 510.0 444.5 377.0 318.4 283.1 237.6 216.8 217.3 236.4 229.2 213.1 148.1 91.6 80.8 76.6 62.3 53.1
Gross Profit 255.4 748.5 755.6 716.4 570.5 472.6 456.8 401.1 377.4 344.2 291.3 244.3 200.2 172.3 138.4 123.1 123.3 137.2 229.1 213.0 148.1 91.6 80.8 76.6 62.3 53.1
Operating Income 448.9 483.1 497.3 351.1 290.6 414.3 406.7 220.0 195.7 143.0 107.9 81.5 58.3 32.2 45.5 34.8 29.9 34.7 38.5 39.2 34.7 25.7 28.9 26.7 23.8 19.9
Net Income 333.8 391.2 410.8 291.3 223.5 165.6 169.1 163.9 134.3 87.9 77.7 26.4 41.4 1.8 (0.4) (7.4) (0.9) 2.8 (13.1) (8.6) 2.8 (32.3) 16.2 9.7 6.9 8.2
EPS (Diluted) 1.46 1.72 1.82 1.29 1.09 0.85 0.44 0.88 0.74 0.45 0.42 0.14 0.26 -0.03 -0.00 -0.08 -0.01 0.05 -0.23 -0.15 0.04 -0.86 0.47 0.29 0.20 0.24
Balance Sheet
Cash & Equivalents 5.8 71.6 6.5 6.1 11.1 3.6 54.9 3.8 5.3 3.0 102.8 3.7 28.5 7.5 0 0 0
Total Assets 6,643.2 6,394.2 6,225.0 6,325.8 6,548.1 4,778.1 4,029.5 3,753.0 3,545.3 3,475.0 1,598.9 1,597.7 775.9 412.2 420.1 392.0 268.3
Total Debt 3,533.9 3,052.2 2,988.5 3,061.9 3,211.6 2,430.3 1,931.8 1,747.1 1,635.0 1,595.7 1,338.1 977.5 380.7 271.9 0 0 0
Stockholders' Equity 2,719.4 2,871.9 2,798.8 2,826.2 2,871.6 1,832.2 1,799.3 1,709.7 1,629.1 1,655.4 695.3 522.9 359.4 131.7 140.8 142.2 113.0
Cash Flow
Operating Cash Flow 611.7 631.1 611.1 591.5 449.2 351.0 331.8 304.3 291.9 263.3 46.1 34.9 34.2
Capital Expenditure (44.8) 0 0 0 0 0 (102.8) (86.0) (68.8) (136.9) (381.1) (227.8) (8.8)
Free Cash Flow 566.9 631.1 611.1 591.5 449.2 351.0 331.8 304.3 291.9 263.3 (335.0) (192.9) 25.4