| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 32 | 27.1x | 17.8x | Bottom tier | |
Growth | 24 | 3.9% | 7.1% | Bottom tier | |
Quality | 79 | 7.3% | 4.5% | Top tier | |
Safety | 45 | 5.0x | 2.6x | Around median | |
Capital Return | 65 | 5.29% | 2.12% | Around median | |
Momentum | 55 | 3.0% | 2.9% | Around median | |
Sentiment | 75 | 6 | 3 | Top tier |
Estimates — analyst targets and a simplified DCF, not investment advice.
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
CubeSmart is a self-storage company that derives revenue from renting storage units and managing stores, in addition to management fees and participation in the growth of joint ventures. In fiscal Q2 2026, the company added 25 stores to its third-party management platform, bringing the total to 872 stores, and management confirmed that demand is distributed across multiple need-based uses and does not depend on any single source.
The latest available EDGAR statements for fiscal Q1 2026 showed revenue of $281.9 million, gross profit of $191.9 million, net income of $82.8 million, and earnings per share of $0.36; equivalent to a gross profit margin of approximately 68.1% and a net income margin of approximately 29.4%. For fiscal 2025, CubeSmart recorded revenue of $1.1 billion, gross profit of $771.7 million, net income of $331.3 million, and earnings per share of $1.46.
In fiscal Q2 2026, same-store revenue growth accelerated from 0.6% in Q1 to 0.8%, and new-customer move-in rates increased 1.7% year over year, but 4.4% growth in same-store expenses led to a 0.7% decline in same-store net operating income. Adjusted funds from operations per share were $0.63, at the midpoint of the company’s guidance range for that quarter, while the occupancy gap versus the prior year closed by the end of June 2026.
Automated analysis for informational purposes only — not investment advice.
The analyst consensus on CUBE is “Neutral,” with an average price target of $44.25 and a range between $42 and $47. The average target and the lowest target are above the 52-week range high of $43.26, versus a low of $35.09, but the absence of a displayed price-to-earnings ratio makes the stock’s valuation less directly comparable with earnings; the neutral rating also reflects continuing expense and Sunbelt supply risks despite improving operations.
Figures in the text are as of 2026-08-29; the live price is shown at the top of the page.
Same-store revenue growth accelerated from 0.6% in fiscal Q1 2026 to 0.8% in fiscal Q2 2026. New-customer move-in rates increased 1.7% year over year, and the occupancy gap versus the prior year closed by the end of June 2026. On July 30, 2026, actual occupancy was 91.1%, with rentals up 3% and move-outs down 3% compared with the corresponding period.
The company raised its same-store revenue growth range to 0.5%–1.25% for fiscal 2026. It also revised its same-store expense growth range to 3.25%–4.5%, with expenses expected to slow during the second half of fiscal 2026. The midpoint of net operating income and adjusted funds from operations per share guidance indicates a return to positive growth in the second half of fiscal 2026.
CubeSmart contributed fifteen non-core assets to a new joint venture and retained a 20% stake, with a capitalization rate that management described as being in the mid-5% range. The company intends to use the transaction proceeds for share repurchases while maintaining leverage neutrality, in addition to benefiting from future growth and fees. During fiscal Q2 2026, it repurchased $42.5 million of shares, bringing the fiscal year-to-date total to $75.8 million, while the Heitman and CBRE partnerships provide two additional paths for acquisition opportunities.
In fiscal Q2 2026, management indicated strength in New York, Philadelphia, Chicago, Columbus, and Cleveland, as well as strong improvement in Los Angeles and Inland Empire. In contrast, supply pressure and economic factors persist in Sunbelt markets, with a slower recovery expected in Texas and the Southwest. Management said supply absorption in Miami was faster, while working through the excess supply in Cape Coral could take years.
CubeSmart increased the capacity of its revolving credit facility from $850 million to $1 billion and extended the maturity from February 2027 to June 2030. The company has a note maturing in the quarter following the July 31, 2026 call, but according to management, it faces no debt maturities during 2027. Management estimated pricing for ten-year debt in the mid-5% range or slightly higher, so the additional capacity provides flexibility to wait for more favorable financing conditions.
In fiscal Q1 2026, revenue was $281.9 million, gross profit was $191.9 million, and net income was $82.8 million. Earnings per share were $0.36, with a gross profit margin of approximately 68.1% and a net income margin of approximately 29.4%. On a trailing-twelve-month basis ending in fiscal 2026, the company recorded revenue of $1.1 billion, net income of $325.3 million, and earnings per share of approximately $1.43.
