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

$39.50-0.25(-0.01%)Market closed

Market Cap

$9.11B

P/E

27.4x

P/S

8.0x

P/B

3.5x

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

AverageMetricSide Score: 59/100

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

Profitability17/25

Growth12/25

Balance Sheet & Red Flags12/25

Cash & Earnings Quality18/25

Strengths

Strong marginsCash-backed earningsConsistent free cash flowConsistent growth

Valuation vs. 5-year range

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

P/E · 27.4x5y range 22.5x – 52.9x

Currently near its 20-quarter median.

P/S · 8.0x5y range 7.2x – 14.7x

Currently near its 20-quarter median.

P/B · 3.5x5y range 3.1x – 5.2x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

Some Concerns

Margin Pressure

Watch

Operating margins declined 8.2% — watch for continued compression, which may signal competitive or cost pressure.

Price & Volume

Market Cap $9.11B

Metrics at a Glance

as of June 2026

Revenue & Profit

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

TTM Revenue: $1.14B
Q. Revenue: $286.49M
TTM EBITDA: $702.53M
TTM Op. Income: $452.75M
Q. Op. Income: $117.38M
TTM Net Income: $332.35M
Q. Net Income: $89.46M
EPS: $0.4
Shares Out.: $226.77M

$1.14B in TTM revenue grew 3.9% YoY, reaching $286.49M last quarter. TTM EBITDA of $702.53M and TTM operating income of $452.75M show growth is flowing through to the bottom line. TTM net income of $332.35M 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: 60.5%
Op. Margin: 41.0%
Net Margin: 31.2%

Op. margin of 41.0% is up 1.3% YoY — cost efficiency is improving. Net margin at 31.2% Across the last 8 quarters, operating margin has risen for 3 consecutive quarters — an improving trend.

Price Ratios

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

P/E Ratio: 27.4x
P/S Ratio: 8.0x
P/B Ratio: 3.5x

At 27.4x P/E, the stock trades within typical market levels. P/S of 8.0x and P/B of 3.5x 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 2 consecutive quarters — a weakening trend.

Assets & Liabilities

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

Total Assets: $6.58B
Cash: $14.31M
Long-Term Debt: N/A
Book Value: $2.58B
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: $144.34M
TTM Free Cash Flow: $554.74M
FCF Margin: 48.8%
FCF / Net Income: 1.7

TTM FCF of $554.74M on $144.34M in operating cash flow. The FCF / Net Income ratio of 1.7x means free cash flow covers net income — earnings are backed by cash. Over the past year, free cash flow is down 2% — a weakening trend.