CubeSmart (CUBE)

NYSE: CUBE · IEX Real-Time Price · USD
45.26
+0.98 (2.21%)
Jun 2, 2023, 4:00 PM EDT - Market closed
2.21%
Market Cap 10.17B
Revenue (ttm) 1.03B
Net Income (ttm) 350.67M
Shares Out 224.68M
EPS (ttm) 1.55
PE Ratio 29.20
Forward PE 31.75
Dividend $1.96 (4.33%)
Ex-Dividend Date Jun 30, 2023
Volume 624,637
Open 44.66
Previous Close 44.28
Day's Range 44.31 - 45.31
52-Week Range 36.82 - 51.08
Beta 0.60
Analysts Buy
Price Target 48.83 (+7.89%)
Earnings Date Apr 27, 2023

About CUBE

CubeSmart is a self-administered and self-managed real estate investment trust. The Company's self-storage properties are designed to offer affordable, easily accessible and secure storage space for residential and commercial customers. According to the 2020 Self-Storage Almanac, CubeSmart is one of the top three owners and operators of self-storage properties in the United States. [Read more]

Sector Real Estate
IPO Date Oct 22, 2004
Employees 2,804
Stock Exchange NYSE
Ticker Symbol CUBE
Full Company Profile

Financial Performance

In 2022, CubeSmart's revenue was $1.01 billion, an increase of 22.74% compared to the previous year's $822.56 million. Earnings were $291.26 million, an increase of 30.33%.

Financial Statements

Analyst Forecast

According to 8 analysts, the average rating for CUBE stock is "Buy." The 12-month stock price forecast is $48.83, which is an increase of 7.89% from the latest price.

Price Target
$48.83
(7.89% upside)
Analyst Consensus: Buy
Stock Forecasts

News

CubeSmart Declares Second Quarter 2023 Dividend

MALVERN, Pa., May 16, 2023 (GLOBE NEWSWIRE) -- CubeSmart (NYSE: CUBE) announced today that its Board of Trustees declared a quarterly dividend of $0.49 per common share for the period ending June 30, ...

2 weeks ago - GlobeNewsWire

CubeSmart Reports First Quarter 2023 Results

MALVERN, Pa., April 27, 2023 (GLOBE NEWSWIRE) -- CubeSmart (NYSE: CUBE) today announced its operating results for the three months ended March 31, 2023.

1 month ago - GlobeNewsWire

CubeSmart Announces the Date of Its First Quarter 2023 Earnings Release and Conference Call

MALVERN, Pa., April 13, 2023 (GLOBE NEWSWIRE) -- CubeSmart (NYSE: CUBE) today announced that the Company will release financial results for the three-month period ended March 31, 2023 after the market...

1 month ago - GlobeNewsWire
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CubeSmart Recognized as one of the Achievers 50 Most Engaged Workplaces® for the Third Time

MALVERN, Pa., March 22, 2023 (GLOBE NEWSWIRE) -- CubeSmart (NYSE: CUBE), the third largest owner/operator of self-storage properties in the United States, is being recognized as one of Achievers 50 Mo...

2 months ago - GlobeNewsWire

CubeSmart Reports 2022 Annual Results

MALVERN, Pa., Feb. 23, 2023 (GLOBE NEWSWIRE) -- CubeSmart (NYSE: CUBE) today announced its operating results for the three and twelve months ended December 31, 2022.

3 months ago - GlobeNewsWire

CubeSmart Declares First Quarter 2023 Dividend

MALVERN, Pa., Feb. 22, 2023 (GLOBE NEWSWIRE) -- CubeSmart (NYSE: CUBE) announced today that its Board of Trustees declared a quarterly dividend of $0.49 per common share for the period ending March 31...

3 months ago - GlobeNewsWire

CubeSmart Announces the Date of Its Fourth Quarter 2022 Earnings Release and Conference Call

MALVERN, Pa., Jan. 31, 2023 (GLOBE NEWSWIRE) -- CubeSmart (NYSE: CUBE) today announced that the Company will release financial results for the three-month period ended December 31, 2022 after the mark...

4 months ago - GlobeNewsWire

CubeSmart Announces Tax Allocations of 2022 Distributions

MALVERN, Pa., Jan. 17, 2023 (GLOBE NEWSWIRE) -- CubeSmart (NYSE: CUBE) announced today the tax allocations of its 2022 distributions for CubeSmart Common Shares of Beneficial Interest.

4 months ago - GlobeNewsWire
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CubeSmart Announces 14.0% Increase in Quarterly Common Dividend

MALVERN, Pa., Dec. 07, 2022 (GLOBE NEWSWIRE) -- CubeSmart (NYSE: CUBE) announced today that its Board of Trustees declared a quarterly dividend of $0.49 per common share for the period ending December...

6 months ago - GlobeNewsWire

CubeSmart Reports Third Quarter 2022 Results

MALVERN, Pa., Oct. 27, 2022 (GLOBE NEWSWIRE) -- CubeSmart (NYSE: CUBE) today announced its operating results for the three and nine months ended September 30, 2022.

7 months ago - GlobeNewsWire

CubeSmart Announces the Date of Its Third Quarter 2022 Earnings Release and Conference Call

MALVERN, Pa., Oct. 13, 2022 (GLOBE NEWSWIRE) -- CubeSmart (NYSE: CUBE) today announced that the Company will release financial results for the three-month period ended September 30, 2022 after the mar...

8 months ago - GlobeNewsWire

CubeSmart Reports Second Quarter 2022 Results

MALVERN, Pa., Aug. 04, 2022 (GLOBE NEWSWIRE) -- CubeSmart (NYSE: CUBE) today announced its operating results for the three and six months ended June 30, 2022.

10 months ago - GlobeNewsWire

CubeSmart Declares Third Quarter 2022 Dividend

MALVERN, Pa., July 26, 2022 (GLOBE NEWSWIRE) -- CubeSmart (NYSE: CUBE) announced today that its Board of Trustees declared a quarterly dividend of $0.43 per common share for the period ending Septembe...

11 months ago - GlobeNewsWire
}

CubeSmart Announces the Date of Its Second Quarter 2022 Earnings Release and Conference Call

MALVERN, Pa., July 13, 2022 (GLOBE NEWSWIRE) -- CubeSmart (NYSE: CUBE) today announced that the Company will release financial results for the three-month period ended June 30, 2022 after the market c...

11 months ago - GlobeNewsWire

CubeSmart Declares Second Quarter 2022 Dividend

MALVERN, Pa., May 17, 2022 (GLOBE NEWSWIRE) -- CubeSmart (NYSE: CUBE) announced today that its Board of Trustees declared a quarterly dividend of $0.43 per common share for the period ending June 30, ...

1 year ago - GlobeNewsWire

CubeSmart Reports First Quarter 2022 Results

MALVERN, Pa., April 28, 2022 (GLOBE NEWSWIRE) -- CubeSmart (NYSE: CUBE) today announced its operating results for the three months ended March 31, 2022.

1 year ago - GlobeNewsWire

CubeSmart Announces the Date of Its First Quarter 2022 Earnings Release and Conference Call

MALVERN, Pa., April 12, 2022 (GLOBE NEWSWIRE) -- CubeSmart (NYSE: CUBE) today announced that the Company will release financial results for the three-month period ended March 31, 2022 after the market...

1 year ago - GlobeNewsWire

CubeSmart Reports 2021 Annual Results

MALVERN, Pa., Feb. 24, 2022 (GLOBE NEWSWIRE) -- CubeSmart (NYSE: CUBE) today announced its operating results for the three and twelve months ended December 31, 2021.

1 year ago - GlobeNewsWire

CubeSmart Declares First Quarter 2022 Dividend

MALVERN, Pa., Feb. 23, 2022 (GLOBE NEWSWIRE) -- CubeSmart (NYSE: CUBE) announced today that its Board of Trustees declared a quarterly dividend of $0.43 per common share for the period ending March 31...

1 year ago - GlobeNewsWire

New Private Real Estate Offering For Self Storage Facility Operated By CubeSmart

Real estate investment platform CrowdStreet just released its latest offering today for Myers Corners Self Storage, a 1,356 unit Class A climate-controlled self-storage facility in Wappingers Falls, N...

1 year ago - Benzinga

CubeSmart Announces the Date of Its Fourth Quarter 2021 Earnings Release and Conference Call

MALVERN, Pa., Feb. 01, 2022 (GLOBE NEWSWIRE) -- CubeSmart (NYSE: CUBE) today announced that the Company will release financial results for the three-month period ended December 31, 2021 after the mark...

1 year ago - GlobeNewsWire

CubeSmart Announces Tax Allocations of 2021 Distributions

MALVERN, Pa., Jan. 19, 2022 (GLOBE NEWSWIRE) -- CubeSmart (NYSE: CUBE), the third-largest owner and operator of self-storage properties in the United States, announced today the tax allocations of its...

1 year ago - GlobeNewsWire

CubeSmart Announces Closing of the Storage West Acquisition

MALVERN, Pa., Dec. 09, 2021 (GLOBE NEWSWIRE) -- CubeSmart (NYSE: CUBE) announced today that it has closed on the previously announced acquisition of LAACO, LTD., the owner of the Storage West self-sto...

1 year ago - GlobeNewsWire

CubeSmart Announces Closing of Public Offering of 15,525,000 Common Shares, Including Exercise in Full of Underwriters' Option to Purchase Additional Shares

MALVERN, Pa., Nov. 19, 2021 (GLOBE NEWSWIRE) -- CubeSmart (NYSE: CUBE) (the “Company” or “CubeSmart”), the third-largest owner and operator of self-storage properties in the United States, announced t...

1 year ago - GlobeNewsWire

CubeSmart Announces Pricing of $550 Million 2.25% Senior Unsecured Notes Due 2028 and $500 Million 2.50% Senior Unsecured Notes Due 2032

MALVERN, Pa., Nov. 18, 2021 (GLOBE NEWSWIRE) -- CubeSmart (NYSE: CUBE) (the “Company” or “CubeSmart”), the third-largest owner and operator of self-storage properties in the United States, today annou...

1 year ago - GlobeNewsWire