Summary
44.25 0.40(0.91%)05/17/2024
CubeSmart (CUBE)
CubeSmart (CUBE)
Key Facts
| 1 Day | 1 Week | 1 Month | 3 Months | 6 Months | 1 Year | 5 Years | All Time |
| 1.00 | 4.52 | -7.46 | -3.49 | 17.41 | -6.71 | 58.06 | 423.27 |
Last 730 data points are shown. To view all data, Upgrade to PRO plan with only $1
| Trading Data | ||
| Close | 42.28 | |
| Open | 42.24 | |
| High | 42.44 | |
| Low | 42.04 | |
| Volume | 1,280,000 | |
| Change | 0.42 | |
| Change % | 1.00 | |
| Avg Volume (20 Days) | 1,202,944 | |
| Volume/Avg Volume (20 Days) Ratio | 1.06 | |
| 52 Week Range | 33.18 - 47.81 | |
| Price vs 52 Week High | -11.57% | |
| Price vs 52 Week Low | 27.43% | |
| Range | 0.09 | |
| Gap Up/Down | 0.14 | |
Fundamentals | ||
| Market Capitalization (Mln) | 9,786 | |
| EBIDTA | 701,145,024 | |
| PE Ratio | 23.5856 | |
| PEG Ratio | 6.3100 | |
| WallStreet Target Price | 46.18 | |
| Book Value | 12.3670 | |
| Earnings Per Share | 1.8100 | |
| EPS Estimate Current Quarter | 0.4200 | |
| EPS Estimate Next Quarter | 0.4200 | |
| EPS Estimate Current Year | 1.7200 | |
| EPS Estimate Next Year | 1.8000 | |
| Diluted EPS (TTM) | 1.8100 | |
| Revenues | ||
| Profit Marging | 0.3847 | |
| Operating Marging (TTM) | 0.4533 | |
| Return on asset (TTM) | 0.0500 | |
| Return on equity (TTM) | 0.1424 | |
| Revenue TTM | 1,059,827,008 | |
| Revenue per share TTM | 4.6990 | |
| Quarterly Revenue Growth (YOY) | 0.0190 | |
| Quarterly Earnings Growth (YOY) | -0.0260 | |
| Gross Profit (TTM) | 741,941,000 | |
| Dividends | ||
| Dividend Share | 2.0000 | |
| Dividend Yield | 0.0478 | |
| Valuations | ||
| Trailing PE | 23.5856 | |
| Forward PE | 24.9377 | |
| Price Sales (TTM) | 0.0000 | |
| Price Book (MRQ) | 3.5384 | |
| Revenue Enterprise Value | 12.2679 | |
| EBITDA Enterprise Value | 18.1260 | |
| Shares | ||
| Shares Outstanding | 224,972,000 | |
| Shares Float | 223,073,596 | |
| Shares Short | 0 | |
| Shares Short (Prior Month) | 0 | |
| Shares Ratio | 0.00 | |
| Short Outstanding (%) | 0.00 | |
| Short Float (%) | 0.03 | |
| Insider (%) | 0.76 | |
| Institutions (%) | 98.63 | |
05/05 09:00 EST - seekingalpha.com
The Labor Downshift
U.S. equity markets advanced for a second week while benchmark interest rates retreated from five-month highs after a critical slate of employment data showed a long-awaited cooldown in hiring trends. Foreshadowed by "dovish" remarks from Fed Chair Powell at the FOMC's policy meeting, payrolls data showed that job growth slowed to six-month lows while wage growth cooled to three-year lows. Following its best week since November, the S&P 500 advanced 0.6%, while bonds caught a bid this week across the yield and maturity curve.
The Labor Downshift
U.S. equity markets advanced for a second week while benchmark interest rates retreated from five-month highs after a critical slate of employment data showed a long-awaited cooldown in hiring trends. Foreshadowed by "dovish" remarks from Fed Chair Powell at the FOMC's policy meeting, payrolls data showed that job growth slowed to six-month lows while wage growth cooled to three-year lows. Following its best week since November, the S&P 500 advanced 0.6%, while bonds caught a bid this week across the yield and maturity curve.
05/04 09:00 EST - seekingalpha.com
13 Fast-Growing REITs With Strong Balance Sheets
There are two types of REITs: COWs (Cash Only Wanted) that focus on high dividend yield, and FROGs (Fast Rate of Growth) that prioritize maximizing total return. Higher yield usually means lower gain, and vice versa, so investors generally have to choose between the two. This article lists 13 REITS that have grown Funds From Operations at double-digit rates, maintain ample liquidity, and have outperformed the average REIT over the past 3 years.
13 Fast-Growing REITs With Strong Balance Sheets
There are two types of REITs: COWs (Cash Only Wanted) that focus on high dividend yield, and FROGs (Fast Rate of Growth) that prioritize maximizing total return. Higher yield usually means lower gain, and vice versa, so investors generally have to choose between the two. This article lists 13 REITS that have grown Funds From Operations at double-digit rates, maintain ample liquidity, and have outperformed the average REIT over the past 3 years.
05/02 12:26 EST - seekingalpha.com
CubeSmart: Rising Costs And Declining Occupancy Are A Drain On FFO
CubeSmart is one of few self-storage REITs, smaller than major competitors Public Storage and Extra Space Storage. The company owns properties across the US, with a focus on New York and New Jersey, and carries an investment grade credit rating from both major agencies. CUBE's first quarter earnings showed a decline in same-store net operating income and a decrease in occupancy, but the company remains proactive in acquisitions and development.
CubeSmart: Rising Costs And Declining Occupancy Are A Drain On FFO
CubeSmart is one of few self-storage REITs, smaller than major competitors Public Storage and Extra Space Storage. The company owns properties across the US, with a focus on New York and New Jersey, and carries an investment grade credit rating from both major agencies. CUBE's first quarter earnings showed a decline in same-store net operating income and a decrease in occupancy, but the company remains proactive in acquisitions and development.
04/28 09:00 EST - seekingalpha.com
Stagflation Is Back
U.S. equity markets rebounded from their worst weekly decline in a year despite a continued uplift in benchmark interest rates, as a solid start to earnings season counteracted disappointing economic data. Ahead of the Fed's policy meeting in the week ahead, markets were confounded - albeit temporarily - by a "jarring" GDP report that showed a return of "stagflationary" trends. Defying the macro headwinds to post its best week since November, the S&P 500 rallied 2.8% on the week - erasing essentially all of its declines in the prior week.
Stagflation Is Back
U.S. equity markets rebounded from their worst weekly decline in a year despite a continued uplift in benchmark interest rates, as a solid start to earnings season counteracted disappointing economic data. Ahead of the Fed's policy meeting in the week ahead, markets were confounded - albeit temporarily - by a "jarring" GDP report that showed a return of "stagflationary" trends. Defying the macro headwinds to post its best week since November, the S&P 500 rallied 2.8% on the week - erasing essentially all of its declines in the prior week.
04/26 14:43 EST - seekingalpha.com
CubeSmart (CUBE) Q1 2024 Earnings Call Transcript
CubeSmart (NYSE:CUBE ) Q1 2024 Earnings Conference Call April 26, 2024 11:00 AM ET Company Participants Josh Schutzer - Vice President of Finance Christopher Marr - President and Chief Executive Officer Timothy Martin - Chief Financial Officer Conference Call Participants Spenser Allaway - Green Street Michael Goldsmith - UBS Samir Khanal - Evercore ISI Todd Thomas - KeyBanc Capital Markets Jeff Spector - Bank of America Merrill Lynch Eric Wolfe - Citi Ki Bin Kim - Truist securities Keegan Carl - Wolfe Research Eric Luebchow - Wells Fargo Juan Sanabria - BMO Capital Markets Brendan Lynch - Barclays Omotayo Okusanya - Deutsche Bank Mike Mueller - JPMorgan Operator Good morning, ladies and gentlemen, and welcome to the CubeSmart's First Quarter 2024 Earnings Call. At this time, all lines are in a listen-only mode.
CubeSmart (CUBE) Q1 2024 Earnings Call Transcript
CubeSmart (NYSE:CUBE ) Q1 2024 Earnings Conference Call April 26, 2024 11:00 AM ET Company Participants Josh Schutzer - Vice President of Finance Christopher Marr - President and Chief Executive Officer Timothy Martin - Chief Financial Officer Conference Call Participants Spenser Allaway - Green Street Michael Goldsmith - UBS Samir Khanal - Evercore ISI Todd Thomas - KeyBanc Capital Markets Jeff Spector - Bank of America Merrill Lynch Eric Wolfe - Citi Ki Bin Kim - Truist securities Keegan Carl - Wolfe Research Eric Luebchow - Wells Fargo Juan Sanabria - BMO Capital Markets Brendan Lynch - Barclays Omotayo Okusanya - Deutsche Bank Mike Mueller - JPMorgan Operator Good morning, ladies and gentlemen, and welcome to the CubeSmart's First Quarter 2024 Earnings Call. At this time, all lines are in a listen-only mode.
04/25 19:01 EST - zacks.com
CubeSmart (CUBE) Meets Q1 FFO Estimates
CubeSmart (CUBE) came out with quarterly funds from operations (FFO) of $0.64 per share, in line with the Zacks Consensus Estimate. This compares to FFO of $0.65 per share a year ago.
CubeSmart (CUBE) Meets Q1 FFO Estimates
CubeSmart (CUBE) came out with quarterly funds from operations (FFO) of $0.64 per share, in line with the Zacks Consensus Estimate. This compares to FFO of $0.65 per share a year ago.
04/25 16:15 EST - globenewswire.com
CubeSmart Reports First Quarter 2024 Results
MALVERN, Pa., April 25, 2024 (GLOBE NEWSWIRE) -- CubeSmart (NYSE: CUBE) today announced its operating results for the three months ended March 31, 2024.
CubeSmart Reports First Quarter 2024 Results
MALVERN, Pa., April 25, 2024 (GLOBE NEWSWIRE) -- CubeSmart (NYSE: CUBE) today announced its operating results for the three months ended March 31, 2024.
04/21 09:00 EST - seekingalpha.com
A Hawkish Pivot
U.S. equity markets posted their worst week in a year while benchmark interest rates surged to five-month highs as investors monitored an intensification of geopolitical tensions and hawkish Fed commentary. Inflamed by resurgent energy prices and insatiable Federal government spending, Fed Chair Powell and other officials acknowledged a stalling-out of inflation progress in recent months and delayed cut expectations. Declining on all five trading sessions, the S&P 500 declined another 3.1% this week - its worst week since March 2023 - while high-flying technology stocks were hit particularly hard.
A Hawkish Pivot
U.S. equity markets posted their worst week in a year while benchmark interest rates surged to five-month highs as investors monitored an intensification of geopolitical tensions and hawkish Fed commentary. Inflamed by resurgent energy prices and insatiable Federal government spending, Fed Chair Powell and other officials acknowledged a stalling-out of inflation progress in recent months and delayed cut expectations. Declining on all five trading sessions, the S&P 500 declined another 3.1% this week - its worst week since March 2023 - while high-flying technology stocks were hit particularly hard.
04/02 16:15 EST - globenewswire.com
CubeSmart Announces the Date of Its First Quarter 2024 Earnings Release and Conference Call
MALVERN, Pa., April 02, 2024 (GLOBE NEWSWIRE) -- CubeSmart (NYSE: CUBE) today announced that the Company will release financial results for the three-month period ended March 31, 2024 after the market close on Thursday, April 25, 2024. An accompanying conference call will be held at 11:00 a.m. ET on Friday, April 26, 2024.
CubeSmart Announces the Date of Its First Quarter 2024 Earnings Release and Conference Call
MALVERN, Pa., April 02, 2024 (GLOBE NEWSWIRE) -- CubeSmart (NYSE: CUBE) today announced that the Company will release financial results for the three-month period ended March 31, 2024 after the market close on Thursday, April 25, 2024. An accompanying conference call will be held at 11:00 a.m. ET on Friday, April 26, 2024.
03/18 16:15 EST - globenewswire.com
CubeSmart Declares First Quarter 2024 Dividend
MALVERN, Pa., March 18, 2024 (GLOBE NEWSWIRE) -- CubeSmart (NYSE: CUBE) announced today that its Board of Trustees declared a quarterly dividend of $0.51 per common share for the period ending March 31, 2024. The dividend is payable on April 15, 2024 to common shareholders of record on April 1, 2024.
CubeSmart Declares First Quarter 2024 Dividend
MALVERN, Pa., March 18, 2024 (GLOBE NEWSWIRE) -- CubeSmart (NYSE: CUBE) announced today that its Board of Trustees declared a quarterly dividend of $0.51 per common share for the period ending March 31, 2024. The dividend is payable on April 15, 2024 to common shareholders of record on April 1, 2024.
03/12 11:00 EST - seekingalpha.com
Losers Of REIT Earnings Season
After covering the Winners of REIT Earnings Season last week, Part 2 of our Earnings Recap focuses on the worst-performing property sectors and common threads shared by these laggards. While there were no major "bombshells" this earnings season, there were pockets of relative weakness seen in the interest-rate-sensitive property sectors - net lease and office - along with goods-oriented sectors. Surging interest expense - not property-level fundamentals - was again the culprit behind much of this pain, underscoring the continued challenges facing more highly leveraged private real estate portfolios.
Losers Of REIT Earnings Season
After covering the Winners of REIT Earnings Season last week, Part 2 of our Earnings Recap focuses on the worst-performing property sectors and common threads shared by these laggards. While there were no major "bombshells" this earnings season, there were pockets of relative weakness seen in the interest-rate-sensitive property sectors - net lease and office - along with goods-oriented sectors. Surging interest expense - not property-level fundamentals - was again the culprit behind much of this pain, underscoring the continued challenges facing more highly leveraged private real estate portfolios.
03/01 15:48 EST - seekingalpha.com
CubeSmart (CUBE) Q4 2023 Earnings Call Transcript
CubeSmart (CUBE) Q4 2023 Earnings Call Transcript
CubeSmart (CUBE) Q4 2023 Earnings Call Transcript
CubeSmart (CUBE) Q4 2023 Earnings Call Transcript
02/29 19:31 EST - zacks.com
Compared to Estimates, CubeSmart (CUBE) Q4 Earnings: A Look at Key Metrics
The headline numbers for CubeSmart (CUBE) give insight into how the company performed in the quarter ended December 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Compared to Estimates, CubeSmart (CUBE) Q4 Earnings: A Look at Key Metrics
The headline numbers for CubeSmart (CUBE) give insight into how the company performed in the quarter ended December 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
02/29 16:15 EST - globenewswire.com
CubeSmart Reports Fourth Quarter and Annual 2023 Results
MALVERN, Pa., Feb. 29, 2024 (GLOBE NEWSWIRE) -- CubeSmart (NYSE: CUBE) today announced its operating results for the three and twelve months ended December 31, 2023.
CubeSmart Reports Fourth Quarter and Annual 2023 Results
MALVERN, Pa., Feb. 29, 2024 (GLOBE NEWSWIRE) -- CubeSmart (NYSE: CUBE) today announced its operating results for the three and twelve months ended December 31, 2023.
02/29 12:41 EST - zacks.com
GOOD or CUBE: Which Is the Better Value Stock Right Now?
Investors with an interest in REIT and Equity Trust - Other stocks have likely encountered both Gladstone Commercial (GOOD) and CubeSmart (CUBE). But which of these two stocks offers value investors a better bang for their buck right now?
GOOD or CUBE: Which Is the Better Value Stock Right Now?
Investors with an interest in REIT and Equity Trust - Other stocks have likely encountered both Gladstone Commercial (GOOD) and CubeSmart (CUBE). But which of these two stocks offers value investors a better bang for their buck right now?
02/28 09:40 EST - zacks.com
Should You Buy CubeSmart (CUBE) Ahead of Earnings?
CubeSmart (CUBE) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
Should You Buy CubeSmart (CUBE) Ahead of Earnings?
CubeSmart (CUBE) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
02/26 10:21 EST - zacks.com
Gear Up for CubeSmart (CUBE) Q4 Earnings: Wall Street Estimates for Key Metrics
Besides Wall Street's top -and-bottom-line estimates for CubeSmart (CUBE), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended December 2023.
Gear Up for CubeSmart (CUBE) Q4 Earnings: Wall Street Estimates for Key Metrics
Besides Wall Street's top -and-bottom-line estimates for CubeSmart (CUBE), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended December 2023.
02/19 09:30 EST - seekingalpha.com
CubeSmart: A Wise Dividend Buy With Promising Potential
CubeSmart is a large self-storage REIT that may be a good income pick in a growing industry amidst an overall expensive market. CubeSmart has a well-positioned portfolio with a strong presence in the top 40 metropolitan areas in the US. Despite short-term headwinds, CubeSmart offers long-term dividend growth and capital appreciation potential, making it a worthwhile investment in the REIT sector.
CubeSmart: A Wise Dividend Buy With Promising Potential
CubeSmart is a large self-storage REIT that may be a good income pick in a growing industry amidst an overall expensive market. CubeSmart has a well-positioned portfolio with a strong presence in the top 40 metropolitan areas in the US. Despite short-term headwinds, CubeSmart offers long-term dividend growth and capital appreciation potential, making it a worthwhile investment in the REIT sector.
02/16 09:00 EST - seekingalpha.com
REIT Earnings Halftime Report
We're now through the halfway point of another consequential real estate earnings season, with 68 equity and mortgage REITs representing 50% of the total market capitalization reporting results. Beneath the renewed interest rate headwinds that have pressured the sector in recent weeks, results have been marginally better than expected- and certainly stronger than negative price action would suggest. Of the 51 equity REITs that provide full-year Funds From Operations ("FFO") guidance, 34 REITs (69%) beat the midpoint of their forecast, 12 (19%) matched, while just 4 missed estimates.
REIT Earnings Halftime Report
We're now through the halfway point of another consequential real estate earnings season, with 68 equity and mortgage REITs representing 50% of the total market capitalization reporting results. Beneath the renewed interest rate headwinds that have pressured the sector in recent weeks, results have been marginally better than expected- and certainly stronger than negative price action would suggest. Of the 51 equity REITs that provide full-year Funds From Operations ("FFO") guidance, 34 REITs (69%) beat the midpoint of their forecast, 12 (19%) matched, while just 4 missed estimates.
01/31 16:30 EST - globenewswire.com
CubeSmart Announces the Date of Its Fourth Quarter 2023 Earnings Release and Conference Call
MALVERN, Pa., Jan. 31, 2024 (GLOBE NEWSWIRE) -- CubeSmart (NYSE: CUBE) today announced that the Company will release financial results for the three-month period ended December 31, 2023 after the market close on Thursday, February 29, 2024. An accompanying conference call will be held at 11:00 a.m. ET on Friday, March 1, 2024.
CubeSmart Announces the Date of Its Fourth Quarter 2023 Earnings Release and Conference Call
MALVERN, Pa., Jan. 31, 2024 (GLOBE NEWSWIRE) -- CubeSmart (NYSE: CUBE) today announced that the Company will release financial results for the three-month period ended December 31, 2023 after the market close on Thursday, February 29, 2024. An accompanying conference call will be held at 11:00 a.m. ET on Friday, March 1, 2024.