CubeSmart
CubeSmart (CUBE) is listed on NYSE and classified in REIT - Industrial, part of the Real Estate sector. It is headquartered in Malvern, United States and has 3,121 employees. The company is worth $9.09B and trades at 26.8x its earnings of the last twelve months; the median for its sector is 22.1x. Revenue was $1.12B in fiscal 2025, up 5.3% from the year before. Net income was $331.32M. The share price is 7.2% below its 52-week high of $43.26. It pays a dividend yielding 5.28%, and has raised its annual dividend for 15 years in a row in our records. 5 of the 38 superinvestors we track held it at the end of Q2 2026. The largest position belongs to Cliff Asness (AQR Capital Management), at $289.51M. In that quarter, 1 of them opened or added to the position and 4 reduced it. No open-market insider trades in it were filed over the last 30 days.
Written from the data on this page: SEC filings (13F, Form 4, annual reports) and market prices.
Year by year, from the annual reports; dividends from the payments themselves.
Bars are year-end balances; lines are what happened during the year.
Major managers that reported this stock in their latest 13F.
▼ -27.7% over 5Y.
today you would have $894.55▼ -10.5%
Dividends reinvested, splits accounted for. Past prices say what happened, not what will.
The last 17 closed years, each at that year’s closing price and reported numbers.
| Indicator | Median | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Year-end price | $36.05 | $42.85 | $46.35 | $40.25 | $56.91 | $33.61 | $31.48 | $28.69 | $28.92 | $26.77 | $30.62 | $22.07 | $15.94 | $14.57 | $10.64 | $9.53 | $7.32 | |
| P/E |
Seven formulas applied to the reported numbers, each with its assumption next to the result. None of them predicts a price.
Square root of 22.5 × earnings × book value. Blind to intangibles, so it undervalues software and brands.
Earnings growing 11.4% a year plus a 5.3% dividend yield. Growth capped at 25%.
Median P/E of 22.1 among peers in the sector.
Median P/E of 39.1 across this company’s own years on record.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
Companies of similar size in Real Estate, for comparison. The columns are the same ones above, in the same order.
| Stock | Price | P/E | P/B | Dividend yield | ROE | Market cap |
|---|---|---|---|---|---|---|
| RHPRyman Hospitality Properties, Inc. | $131.26 | 31.7x | 10.9x | 3.66% | 22.58% | $9.05B |
| JANJanus Living, Inc. | $29.05 | — | 2.3x | 1.96% | — | $9.03B |
| LINELineage, Inc. | $35.09 | — | 1.0x | 6.07% | -2.04% | $8.8B |
| FRTFederal Realty Investment Trust | $108.88 |
| 39.1x |
| 24.7x |
| 24.9x |
| 25.5x |
| 31.2x |
| 52.2x |
| 39.5x |
| 35.8x |
| 32.6x |
| 39.1x |
| 59.5x |
| 72.9x |
| 157.6x |
| 61.3x |
| — |
| — |
| — |
| — |
| P/S | 9.2x | 7.3x | 9.2x | 9.9x | 9.0x | 15.5x | 9.9x | 9.5x | 9.0x | 9.4x | 9.5x | 12.1x | 9.7x | 7.0x | 7.3x | 6.2x | 4.7x | 2.6x |
| P/B | 3.1x | 3.0x | 3.4x | 3.7x | 3.2x | 4.4x | 3.7x | 3.4x | 3.1x | 3.2x | 2.9x | 3.3x | 2.5x | 2.0x | 2.0x | 1.4x | 1.3x | 0.7x |
| EPS | $1.46 | $1.72 | $1.82 | $1.29 | $1.09 | $0.85 | $0.88 | $0.88 | $0.74 | $0.45 | $0.42 | $0.14 | $0.26 | -$0.03 | -$0.02 | -$0.08 | -$0.01 |
| Dividend yield | 3.36% | 5.77% | 3.57% | 4.27% | 4.42% | 2.55% | 3.96% | 4.10% | 4.25% | 3.84% | 3.36% | 2.25% | 2.49% | 2.89% | 2.95% | 2.63% | 1.05% | 1.37% |
| Payout | 146.59% | 142.47% | 88.95% | 108.79% | 137.98% | 133.03% | 156.47% | 146.59% | 138.64% | 150.00% | 200.00% | 164.29% | 392.86% | 176.92% | — | — | — | — |
| Profit margin | 24.03% | 29.50% | 36.75% | 39.27% | 28.97% | 28.06% | 24.68% | 26.52% | 27.41% | 24.03% | 17.23% | 17.48% | 7.00% | 13.02% | 0.68% | -0.19% | -3.70% | -0.46% |
| ROE | 8.04% | 12.18% | 13.65% | 14.74% | 10.35% | 8.04% | 9.15% | 9.49% | 9.59% | 8.24% | 5.31% | 4.73% | 1.82% | 3.79% | 0.18% | -0.04% | -1.02% | -0.13% |
Median of the years shown; P/E years above 200x are left out.
Dividend growing 3.1% a year against a 9.2% required return, from the stock’s beta.
The average of the method families that answered, not of the seven numbers: four of the seven start from the same earnings per share.
5 methods answered, across 2 families.
Room for errors in the reported numbers.
-13.7% from the average.
Models, not forecasts, and not investment advice. How each formula works →
| 21.3x |
| 3.0x |
| 4.26% |
| 12.55% |
| $9.52B |
| BRXBrixmor Property Group Inc. | $28.26 | 19.6x | 2.9x | 4.35% | 14.41% | $8.67B |
| CTRECareTrust REIT, Inc. | $36.62 | 22.9x | 1.9x | 4.26% | 9.06% | $8.65B |