Stocktoria

CubeSmart CUBE

NYSE · reit · Real Estate Investment Trusts · website · IPO 2004-10-22

CubeSmart statistics & valuation

Market cap$9.2B
P / S8.2×
P / B3.4×
Dividend yield5.17%
Graham number -52.5%$19.84

Market cap as of 2026-06-30. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($19.84); a green figure means the price is below it.

Profitability & efficiency

Gross margin (%)
2019201920202020202020212022202320242025
Operating margin (%)
2019201920202020202020212022202320242025
Return on equity (%)
2019201920202020202020212022202320242025
Shares outstanding
191.6M 193.6M 193.6M 193.7M 197.4M 223.9M 225.9M 226.2M 227.8M 229.2M 2019201920202020202020212022202320242025
Net debt ($)
2019201920202020202020212022202320242025
Share buybacks ($)
2019201920202020202020212022202320242025
Return on assets (%)
2019201920202020202020212022202320242025
Free cash flow margin (%)
33.20% 55.20% 2019201920202020202020212022202320242025
Debt / equity (×)
2019201920202020202020212022202320242025
EPS ($)
$0.88 $0.85 $1.09 $1.29 $1.82 $1.72 $1.46 2019201920202020202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

CubeSmart trades at about 28.6× earnings — below its 10-year norm (10-year range 23.7×–55.8×, median 36×).

23.7× 55.8×

Shaded band = 10-year range (23.7×–55.8×); dot = today's 28.6×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2020FY2020FY2019FY2019
FCF margin—55.2%——————33.2%—

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.