CubeSmart (CUBE) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

CubeSmart

NYSE•Real Estate•REIT - Industrial

$44.26-0.01(<0.01%)Pre-market

Market Cap

$9.99B

P/E

29.0x

P/S

8.7x

P/B

4.0x

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, in most locations, climate-controlled storage space for residential and commercial customers. According to the 2026 Self-Storage Almanac, CubeSmart is one of the top three owners and operators of self-storage properties in the United States. CubeSmart was incorporated in 2004 in Maryland and is based in Malvern, Pennsylvania.

How this company scores

GoodMetricSide Score: 60/100

Strongest: Cash & Earnings Quality (18/25); weakest: Balance Sheet & Red Flags (12/25).

Profitability17/25

Growth13/25

Balance Sheet & Red Flags12/25

Cash & Earnings Quality18/25

Strengths

Strong marginsCash-backed earningsConsistent free cash flowConsistent growth

No red flags in the last 8 quarters.

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 29.0x5y range 22.5x – 52.9x

Currently near its 20-quarter median.

P/S · 8.7x5y range 7.2x – 14.7x

Currently near its 20-quarter median.

P/B · 4.0x5y range 3.1x – 4.4x

Currently near its 20-quarter median.

Price & Volume

Market Cap $9.99B

Metrics at a Glance

as of September 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $1.15B
Q. Revenue: $293.97M
TTM EBITDA: $706.48M
TTM Op. Income: $467.44M
Q. Op. Income: $125.73M
TTM Net Income: $344.25M
Q. Net Income: $94.31M
EPS: $0.42
Shares Out.: $225.64M

$1.15B in TTM revenue grew 3.3% YoY, reaching $293.97M last quarter. TTM EBITDA of $706.48M and TTM operating income of $467.44M show growth is flowing through to the bottom line. TTM net income of $344.25M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 7 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin: 61.8%
Op. Margin: 42.8%
Net Margin: 32.1%

Op. margin of 42.8% is up 3.8% YoY — cost efficiency is improving. Net margin at 32.1% Across the last 8 quarters, operating margin has risen for 4 consecutive quarters — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 29.0x
P/S Ratio: 8.7x
P/B Ratio: 4.0x

At 29.0x P/E, the stock trades within typical market levels. P/S of 8.7x and P/B of 4.0x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Across the last 8 quarters, P/E has risen for 3 consecutive quarters — a weakening trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $6.55B
Cash: $14.31M
Long-Term Debt: N/A
Book Value: $2.48B
D/E Ratio: N/A
Debt/EBITDA: 0.0

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $171.10M
TTM Free Cash Flow: $549.45M
FCF Margin: 48.0%
FCF / Net Income: 1.6

TTM FCF of $549.45M on $171.10M in operating cash flow. The FCF / Net Income ratio of 1.6x means free cash flow covers net income — earnings are backed by cash. Across the last 8 quarters, free cash flow has fallen for 2 consecutive quarters — a weakening trend.