XNYS
CUBE
Market cap9.86bUSD
Jun 06, Last price
43.27USD
1D
1.43%
1Q
0.75%
Jan 2017
61.64%
IPO
162.24%
Name
CubeSmart
Chart & Performance
Profile
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.
Valuation
Title USD in thousands, except ratios and share amounts | FY | FY | FY | FY | FY | FY | FY | FY | FY | FY |
---|---|---|---|---|---|---|---|---|---|---|
2024‑12 | 2023‑12 | 2022‑12 | 2021‑12 | 2020‑12 | 2019‑12 | 2018‑12 | 2017‑12 | 2016‑12 | 2015‑12 | |
Income | ||||||||||
Revenues | 1,066,231 1.51% | 1,050,334 4.03% | 1,009,624 22.74% | |||||||
Cost of revenue | 377,413 | 351,821 | 370,283 | |||||||
Unusual Expense (Income) | ||||||||||
NOPBT | 688,818 | 698,513 | 639,341 | |||||||
NOPBT Margin | 64.60% | 66.50% | 63.32% | |||||||
Operating Taxes | 93,284 | |||||||||
Tax Rate | 14.59% | |||||||||
NOPAT | 688,818 | 698,513 | 546,057 | |||||||
Net income | 391,180 -4.77% | 410,757 106.22% | 199,188 52.54% | |||||||
Dividends | (461,769) | (442,217) | (387,106) | |||||||
Dividend yield | 4.74% | 4.22% | 4.26% | |||||||
Proceeds from repurchase of equity | 118,270 | (276) | 3,474 | |||||||
BB yield | -1.22% | 0.00% | -0.04% | |||||||
Debt | ||||||||||
Debt current | 60,900 | |||||||||
Long-term debt | 131,336 | 3,179,152 | 3,066,784 | |||||||
Deferred revenue | 38,757 | |||||||||
Other long-term liabilities | 3,335,727 | 303,963 | 1,087 | |||||||
Net debt | (32,197) | 3,074,338 | 3,015,627 | |||||||
Cash flow | ||||||||||
Cash from operating activities | 631,074 | 611,136 | 591,466 | |||||||
CAPEX | (41,233) | |||||||||
Cash from investing activities | (173,959) | (93,818) | (48,767) | |||||||
Cash from financing activities | (387,669) | (518,026) | (547,092) | |||||||
FCF | 430,524 | 604,516 | 629,237 | |||||||
Balance | ||||||||||
Cash | 71,560 | 6,526 | 6,064 | |||||||
Long term investments | 91,973 | 98,288 | 105,993 | |||||||
Excess cash | 110,221 | 52,297 | 61,576 | |||||||
Stockholders' equity | (1,362,521) | (1,261,421) | (1,227,678) | |||||||
Invested Capital | 7,717,784 | 7,112,619 | 7,227,248 | |||||||
ROIC | 9.29% | 9.74% | 7.50% | |||||||
ROCE | 10.84% | 11.94% | 10.73% | |||||||
EV | ||||||||||
Common stock shares outstanding | 227,150 | 226,241 | 225,881 | |||||||
Price | 42.85 -7.55% | 46.35 15.16% | 40.25 -29.27% | |||||||
Market cap | 9,733,378 -7.18% | 10,486,270 15.34% | 9,091,710 -22.07% | |||||||
EV | 9,752,374 | 13,642,588 | 12,178,934 | |||||||
EBITDA | 898,588 | 903,892 | 953,848 | |||||||
EV/EBITDA | 10.85 | 15.09 | 12.77 | |||||||
Interest | 90,820 | 97,287 | 93,284 | |||||||
Interest/NOPBT | 13.18% | 13.93% | 14.59% |