-0.55%
-2.59%
-12.75%
-12.27%
-3.42%
-17.74%
31.80%
AI Spotlight on CUBE
Company Description
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.
Market Data
| Last Price | 41.74 |
| Change Percentage | -0.55% |
| Open | 41.75 |
| Previous Close | 41.97 |
| Market Cap ( Millions) | 9440 |
| Volume | 1268620 |
| Year High | 55.14 |
| Year Low | 39.8 |
| M A 50 | 44.67 |
| M A 200 | 46.51 |
Financial Ratios
| FCF Yield | 6.19% |
| Dividend Yield | 4.91% |
| ROE | 14.44% |
| Debt / Equity | 105.55% |
| Net Debt / EBIDTA | 418.67% |
| Price To Book | 3.39 |
| Price Earnings Ratio | 23.48 |
| Price To FCF | 16.16 |
| Price To sales | 8.87 |
| EV / EBITDA | 17.83 |
News
- 14:00 - Newmark Arranges Recapitalization of 14-Property Dallas-Fort Worth Self-Storage Portfolio for Hines and CubeSmart
- Jan -28 - DRH or CUBE: Which Is the Better Value Stock Right Now?
- Jan -27 - CubeSmart Announces the Date of Its Fourth Quarter 2024 Earnings Release and Conference Call
- Jan -26 - Morning In America
- Jan -21 - CubeSmart Announces Tax Allocations of 2024 Distributions
- Jan -17 - CubeSmart's Chief Operating Officer Joel Keaton to RetireΒ Following an Over 30 Year Career in the Self-Storage Industry
- Dec -22 - Powell Plays Grinch
- Dec -21 - Undercovered Dozen: LexinFintech, Aemetis, HashiCorp, CubeSmart +
- Dec -19 - State Of REITs: Recession To Recovery In 2025
- Dec -17 - CubeSmart: Buy For Dividend Growth From Self Storage
- Dec -13 - CubeSmart Announces 2.0% Increase in Quarterly Common Dividend
- Dec -03 - Property Type Round-Up From REITworld 2024
- Dec -01 - 'Tis The Season For REIT Dividends
- Nov -10 - A Decisive Realignment
- Nov -03 - Pivotal Decisions
- Nov -01 - CubeSmart (CUBE) Q3 2024 Earnings Call Transcript
- Oct -31 - CubeSmart (CUBE) Reports Q3 Earnings: What Key Metrics Have to Say
- Oct -31 - CubeSmart (CUBE) Misses Q3 FFO Estimates
- Oct -31 - CubeSmart Reports Third Quarter 2024 Results
- Oct -29 - Here's Why CubeSmart (CUBE) is Poised for a Turnaround After Losing -10.81% in 4 Weeks
Business Breakdown
Expected Mid-Term Growth
Segment nΒ°1 -> Rental
Expected Growth : 4.5 %
What the company do ?
Rental from CubeSmart offers self-storage units and moving supplies for personal and business use, providing a convenient and secure storage solution.
Why we expect these perspectives ?
Rental from CubeSmart's 4.5% growth driven by increasing demand for self-storage units, fueled by rising housing costs, urbanization, and e-commerce growth. Additionally, CubeSmart's strategic expansion into high-growth markets, investments in technology, and focus on customer experience contribute to its growth momentum.
Segment nΒ°2 -> Other Property Related Income
Expected Growth : 4.2 %
What the company do ?
Other Property Related Income from CubeSmart refers to revenue generated from miscellaneous sources such as late fees, administrative fees, and sales of merchandise.
Why we expect these perspectives ?
CubeSmart's 4.2% growth in Other Property Related Income is driven by increasing demand for storage solutions, strategic acquisitions, and expansion of existing facilities. Additionally, the company's focus on third-party management and joint ventures has contributed to revenue growth. Furthermore, the implementation of revenue management systems and yield optimization strategies have also boosted income.
Segment nΒ°3 -> Property Management Fee
Expected Growth : 4.8 %
What the company do ?
CubeSmart's Property Management Fee is a monthly charge for overseeing daily operations, maintenance, and rent collection, typically ranging from 3-5% of gross revenue.
Why we expect these perspectives ?
CubeSmart's 4.8% growth in Property Management Fee is driven by increasing demand for self-storage units, strategic acquisitions, and expansion of third-party management services. Additionally, the company's focus on operational efficiency, technology enhancements, and revenue management initiatives have contributed to the growth.
Cubesmart Products
| Product Range | What is it ? |
|---|---|
| Self Storage Units | CubeSmart offers a range of self storage units in various sizes to accommodate different storage needs, from small to large units. |
| Climate-Controlled Storage | CubeSmart provides climate-controlled storage units that maintain a consistent temperature and humidity level, perfect for storing sensitive items. |
| Outdoor RV and Boat Storage | CubeSmart offers outdoor storage spaces for RVs, boats, and other vehicles, providing a secure and convenient storage solution. |
| Business Storage Solutions | CubeSmart provides customized storage solutions for businesses, including inventory storage, document storage, and equipment storage. |
| Packing and Moving Supplies | CubeSmart offers a range of packing and moving supplies, including boxes, tape, and bubble wrap, to help with moving and storage needs. |
| Delivery and Labor Services | CubeSmart provides delivery and labor services to help with moving and storage needs, including loading and unloading of storage units. |
CubeSmart's Porter Forces
Threat Of Substitutes
CubeSmart has a low threat of substitutes due to the lack of alternative options for self-storage services. The company's diversified portfolio of storage facilities and amenities makes it difficult for substitutes to emerge.
Bargaining Power Of Customers
CubeSmart's customers have moderate bargaining power due to the availability of alternative storage options. However, the company's strong brand reputation and convenient locations mitigate this power to some extent.
Bargaining Power Of Suppliers
CubeSmart has a low bargaining power of suppliers due to its large scale of operations and diversified supplier base. This reduces the company's dependence on individual suppliers.
Threat Of New Entrants
The threat of new entrants in the self-storage industry is moderate due to the capital-intensive nature of the business and the need for significant investment in infrastructure. However, the industry's growth prospects and relatively low barriers to entry make it attractive to new entrants.
Intensity Of Rivalry
The self-storage industry is highly competitive, with several established players competing for market share. CubeSmart faces intense rivalry from competitors such as Public Storage and Life Storage, which can lead to pricing pressures and increased marketing expenses.
Capital Structure
| Value | |
|---|---|
| Debt Weight | 51.10% |
| Debt Cost | 3.95% |
| Equity Weight | 48.90% |
| Equity Cost | 7.63% |
| WACC | 5.75% |
| Leverage | 104.51% |
CubeSmart : Quality Control
CubeSmart passed 5 out of 9 key points:
Historical Valuation
Price/Earnings Ratio
Margin Valuation
Peers Valuation
Competitors
| Company | Rational |
|---|---|
| TRNO | Terreno Realty Corporation and together with its subsidiaries, the ΒCompanyΒ) acquires, owns and operates industrial real estate in six major coastal U.S. markets: Los Angeles, Northern New Jersey/New York City, β¦ |
| FR | First Industrial Realty Trust, Inc. (NYSE: FR) is a leading fully integrated owner, operator, and developer of industrial real estate with a track record of providing industry-leading customer service to β¦ |
| NSA | National Storage Affiliates Trust is a Maryland real estate investment trust focused on the ownership, operation and acquisition of self storage properties located within the top 100 metropolitan statistical areas β¦ |
| STAG | STAG Industrial, Inc. (NYSE: STAG) is a real estate investment trust focused on the acquisition and operation of single-tenant, industrial properties throughout the United States. By targeting this type of β¦ |
| EGP | EastGroup Properties, Inc. (NYSE: EGP), an S&P MidCap 400 company, is a self-administered equity real estate investment trust focused on the development, acquisition and operation of industrial properties in major β¦ |
Peers Metrics
DCF BETA
Expected Cash-Flows
Scoring Insights
Peers Group Analysis
π₯
National Storage
A-Score
1-Year Total Return ->
π₯
CubeSmart
A-Score
1-Year Total Return ->
π₯
EastGroup Properties
A-Score
1-Year Total Return ->
4
Terreno Realty
A-Score
1-Year Total Return ->
5
STAG Industrial
A-Score
1-Year Total Return ->
6
