CubeSmart

CUBE

$39.46

-0.68%

2026-09-02 16:02:46 EDT-$0.27

Real Estate

REIT - Industrial

NYSE

Active Trading

CubeSmart functions as an independent real estate investment trust (REIT), overseeing both its administration and management. The company's self-storage facilities deliver secure, ...

Price Action of CUBE

$39.46

-0.68%-$0.27

High—

Low—

52W High-8.8%

Rel. vol—

Interval

Range6.5h

Volume—SMA5SMA10

—

CubeSmart, headquartered in Malvern, Pennsylvania, is one of the largest self-storage real estate investment trusts (REITs) in the United States. Founded in July 2004 as U-Store-It Trust and later rebranded to CubeSmart, the company has grown to operate over 1,500 facilities nationwide, catering to both individual and business customers. The ...CubeSmart, headquartered in Malvern, Pennsylvania, is one of the largest self-storage real estate investment trusts (REITs) in the United States. Founded in July 2004 as U-Store-It Trust and later rebranded to CubeSmart, the company has grown to operate over 1,500 facilities nationwide, catering to both individual and business customers. The company's portfolio includes a mix of wholly-owned properties and joint ventures, focusing on major metropolitan areas with high population density and favorable economic conditions. CubeSmart's revenue model primarily relies on rental income from self-storage units, with ancillary revenue from tenant insurance, administrative fees, and merchandising. The company has a strong emphasis on technology and customer experience, having introduced SmartRental, a contactless rental process, and a robust online platform for unit reservations and management. Financially, CubeSmart has shown solid performance, with a market capitalization around $9.5 billion, a price-to-earnings ratio of 22.95, and a dividend yield of 5.1%, making it an attractive income stock. The company maintains a conservative balance sheet with a debt-to-equity ratio of 1.37 and an interest coverage ratio of 5.52. Key executives include CEO Christopher P. Marr, CFO Timothy M. Martin, and COO Joel Keaton, who lead a team of over 3,000 full-time employees. CubeSmart's mission is to simplify organizational challenges for its customers, and it continues to expand its footprint through acquisitions and development.ExpandCollapse

Founded

2004

Employees

3121

CEO

Christopher Marr

Full Name

CubeSmart

Sector

Real Estate

Industry

REIT - Industrial

ROE

12.45%

Market Cap

$8.93B

Current Ratio

0.15

WACC

8.12%

ROIC

-189.14%

Contact Information

https://www.cubesmart.com

610-535-5000

5 Old Lancaster Road, Malvern, PA 19355-2132

Key Metrics of CUBE

Snapshot

Latest / TTM · 6 periods

Market Cap

$8.93B

ROCE

7.3%

EV / EBITDA

17.78x

+0.1% YoY

FCF Yield

6.2%

-0.6% YoY

Cash Conversion Cycle

-82.5d

Current Ratio

0.15

Quick take

TTM —

Current ratio below 1.0

Negative working capital

Financial Highlights of CUBE

Profitability trend

Latest / TTM · 6 periods

Gross Margin

17.4%

Net Margin

29.4%

P/E Ratio

27.23x

n/a

Debt / Equity

1.37

n/a

Current Ratio

0.15

Dividend Yield

5.3%

Understanding

TTM —

Current ratio below 1.0

Calendar of CUBE

Upcoming

Sep 30, 2026In 26 days
Q3 FY2026 · Estimated results
Est. EPS $0.41 · Revenue $286.25M · 5 analysts
Oct 1, 2026In 27 days
Ex-dividend date
$2.11 per share
Oct 15, 2026In 41 days
Dividend payment
$2.11 per share
Dec 30, 2026
Q4 FY2026 · Estimated results
Est. EPS $0.39 · Revenue $283.53M · 5 analysts

Recent history

Jul 31, 2026
Q2 FY2026 · Results reported
EPS $0.39 · Revenue $286.49M
View filing
May 1, 2026
Q1 FY2026 · Results reported
EPS $0.36 · Revenue $281.93M
View filing
Feb 27, 2026
FY2025 · Annual results
EPS $1.46 · Revenue $1.12B
View filing
Oct 31, 2025
Q3 FY2025 · Results reported
EPS $0.36 · Revenue $285.08M
View filing
Aug 1, 2025
Q2 FY2025 · Results reported
EPS $0.36 · Revenue $282.30M
View filing
Mar 31, 2025
Q1 FY2025 · Results reported
EPS $0.39 · Revenue $273.04M

Financial Statements of CUBE

5Y Trend (Revenue, Earnings, FCF)

Metric	Latest	YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength.	QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes.
RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three).	$1.1B	+5.3%	+1.6%
Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day.	$333.8M	-14.7%	+8.1%
Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials.	+22.7%	-67.6%	+171.7%
Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on).	+40.0%	-11.8%	+2.0%
Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales.	+29.7%	-19.0%	+6.4%
Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock.	$566.9M	-10.2%	-3.0%
FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine.	+50.5%	-14.7%	-4.6%
Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe.	130.0%	+22.3%	+3.8%
Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking.	0.13x	-74.9%	+113.3%
Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground.	$6.6B	+3.9%	-0.2%

Actual vs Estimate

A Dec 31Q Sep 30

Metric	Annual (A vs E)	Annual Surprise	Quarter (A vs E)	Quarter Surprise
EPS Surprise	1.46 vs 1.48	-1.2%	0.39 vs 0.41	-4.8%
Revenue Surprise	$1.1B vs $1.1B	+2.0%	$286.5M vs $286.3M	+0.1%

Insider Transactions of CUBE

Acquisitions (A)

Since May 19, 2026

Disposals (D)

Since May 19, 2026

Monthly shares of acquisitions/disposals with close price trend (shared daily price source)

Insider Trading Snapshot

Date	Executive	Title	Security	Side	Shares	Price
Jul 15, 2026	MARTIN TIMOTHY M	officer: CFO	Phantom Shares	A	301	—
Jul 15, 2026	MARR CHRISTOPHER P	director, officer: CEO	Phantom Shares	A	78	—
Jul 15, 2026	Schulte Jennifer	officer: Chief Human Resources Officer	Phantom Shares	A	13	—
Jun 10, 2026	MARR CHRISTOPHER P	director, officer: CEO	Common	A	108,932	$26.30
Jun 10, 2026	MARR CHRISTOPHER P	director, officer: CEO	Common	D	108,932	$42.24

Earnings Call Transcript of CUBE

1 transcript segments

Q2 2026

Unknown Speaker

Operator: Hello, everyone. Thank you for joining us, and welcome to the CubeSmart Second Quarter 2026 Earnings Call. After today's prepared remarks, we will host a question-and-answer session. . I will now hand the call over to Josh Schutzer, Senior Vice President of Finance. Josh, please go ahead. Joshua Schutzer: Thanks, Sara. Good morning, everyone. Welcome to CubeSmart's Second Quarter 2026 Earnings Call. Participants on today's call include Chris Marr, President and Chief Executive Officer; and Tim Martin, Chief Financial Officer. Our prepared remarks will be followed by a Q&A session. In addition to our earnings release, which was issued yesterday evening, supplemental operating and financial data is available under the Investor Relations section of the company's website at www.cubesmart.com. The company's remarks will include certain forward-looking statements regarding earnings and strategies that involve risks, uncertainties and other factors that may cause the actual results to differ materially from these forward-looking statements. The risks and factors that could cause our actual results to differ materially from forward-looking statements are provided in documents the company furnishes to or filed with the Securities and Exchange Commission, specifically the Form 8-K we filed this morning, together with our earnings release filed with the Form 8-K and the Risk Factors section of the company's annual report on Form 10-K. In addition, the company's remarks include reference to non-GAAP measures. A reconciliation between GAAP and non-GAAP measures can be found in the second quarter financial supplement posted on the company's website at www.kepsmart.com. I will now turn the call over to Chris. Christopher Marr: Thank you, Josh, and thank you, everyone, for joining us this morning. 2026 marks a year of inflection as we returned to positive growth throughout the year. Following a stabilization in operating fundamentals in 2025, we saw same-store revenues inflect positively in early 2026. Our base case expectation is for continued acceleration in revenues that will lead to a return to positive earnings growth in the second half of 2026, providing a strong setup entering 2027. Our key performance indicators are flashing green, showcasing the resilience of the self-storage business and the value of having such a wide range of need-based demand for our product, benefiting us from not being overly reliant on any one source. Same-store revenues continue their positive momentum, reflecting the strength of our customer base the declining impact of new supply in many of our core markets and the quality of our portfolio and operating platform. Macro volatility is impacting the U.S. consumer However, our customers' health remains strong with lower vacate activity, elongating lengths of stay and continued solid credit metrics. This environment continues to showcase the strength of our quality focused strategy with primary markets outperforming …

Leadership Team of CUBE

8 executives

Name	Title	Compensation	Gender	Year Born	Status
Christopher Marr	Chief Executive Officer, President & Trustee	USD 3,657,490	Male	1965	Active
Timothy Martin	Chief Financial Officer & Treasurer	USD 1,922,939	Male	1971	Active
Jeffrey Foster	Senior Vice President, Chief Legal Officer & Secretary	USD 1,476,723	Male	1970	Active
Jennifer Schulte	Chief Human Resources Officer	USD 851,735	Female	1972	Active
Amy Cross	Executive Vice President of Technology, Data Science & Marketing	—	Female	—	Active
Guy Middlebrooks	Executive Vice President of Operations	—	Male	—	Active
Matthew D. DeNarie	Senior Vice President & Chief Accounting Officer	—	Male	1985	Active
Joshua Schutzer	Vice President of Finance & Head of Investor Relations	—	Male	—	Active

Recent News of CUBE

Seeking Alpha7/31/2026Neutral

CubeSmart (CUBE) Q2 2026 Earnings Call Transcript

MarketBeat7/31/2026Neutral

CubeSmart Q2 Earnings Call Highlights

CubeSmart NYSE: CUBE said second-quarter operating trends improved across much of its portfolio, prompting the self-storage real estate investment trust to raise its full-year same-store revenue outlook and project a return to positive earnings growth in the second half of 2026.

Zacks Investment Research7/30/2026Neutral

CubeSmart (CUBE) Q2 FFO Miss Estimates

CubeSmart (CUBE) came out with quarterly funds from operations (FFO) of $0.63 per share, missing the Zacks Consensus Estimate of $0.64 per share. This compares to FFO of $0.65 per share a year ago.

GlobeNewsWire7/30/2026Neutral

CubeSmart Reports Second Quarter 2026 Results

MALVERN, Pa., July 30, 2026 (GLOBE NEWSWIRE) -- CubeSmart (NYSE: CUBE) today announced its operating results for the three and six months ended June 30, 2026.

Zacks Investment Research7/30/2026Neutral

HST vs. CUBE: Which Stock Should Value Investors Buy Now?

Investors looking for stocks in the REIT and Equity Trust - Other sector might want to consider either Host Hotels (HST) or CubeSmart (CUBE). But which of these two stocks offers value investors a better bang for their buck right now?

Historical Employee Count of CUBE

Current

3,121

Change

+0.55%

Minimum

2,804

Maximum

3,121

Recent Filings

Report Date	Employees	Form Type	Filing Date	SEC Filing
Dec 31, 2025	3,121	10-K	Feb 27, 2026	View
Dec 31, 2024	3,104	10-K	Feb 28, 2025	View
Dec 31, 2023	3,040	10-K	Feb 29, 2024	View
Dec 31, 2022	2,804	10-K	Feb 24, 2023	View
Dec 31, 2021	2,892	10-K	Feb 25, 2022	View

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CubeSmart