CubeSmart Earnings Data and Financial Analysis

CubeSmart's revenue growth has been impressive, with a 12.1% increase in 2020 compared to the previous year.

The company's net income has also seen significant growth, rising by 23.5% in 2020. This is a testament to their ability to manage costs and increase efficiency.

As of 2020, CubeSmart's total assets stood at $3.4 billion, a substantial increase from the previous year's $2.9 billion. This growth in assets reflects the company's expanding operations and investments.

CubeSmart's debt-to-equity ratio has been relatively stable, averaging around 1.3 times in 2020. This suggests that the company has been able to manage its debt levels effectively.

CubeSmart's stock price remained stable after its Q4 earnings report, with no significant increase or decrease as of March 1, 2024.

The company reported $0.45 earnings per share on November 2, 2023, which was an earnings beat of 0.900%. This suggests that investors had high expectations for CubeSmart's future earnings power.

In comparison, the SPDR S&P 500 ETF Trust (SPY) also showed no significant price change during the same time period, indicating a relatively flat market.

CubeSmart's stock price has been relatively stable after its Q4 earnings report. The stock market is always forward-looking, meaning share prices are based on expectations for a company's future earnings power.

The company reported $0.45 earnings per share on November 2, 2023, which was an earnings beat of 0.900%. This might have been a positive sign for investors, but it didn't lead to a significant increase in the stock price as of March 1, 2024.

In fact, the stock price has not shown a significant increase or decrease since the earnings report. This is in contrast to the SPDR S&P 500 ETF Trust (SPY), which also hasn't had a significant price change during the same time period.

Here's a summary of CubeSmart's stock price performance since the Q4 earnings report:

The beta of 0.89 indicates that CubeSmart's price volatility has been lower than the market average.

In the REITs - Specialized industry, it's essential to compare CubeSmart to its peers to understand its worth. CubeSmart's performance can be evaluated against other companies in the same arena.

The company's Estimate Revisions Grade is a key metric to consider. According to the table, CubeSmart's peers include Omega Healthcare Investors Inc, Healthpeak Properties Inc, Annaly Capital Management, Inc., Lamar Advertising Co, and Gaming and Leisure Properties Inc.

Looking at the table, you'll notice that Omega Healthcare Investors Inc and Healthpeak Properties Inc have a B grade, while Annaly Capital Management, Inc. and Lamar Advertising Co have a D grade. Gaming and Leisure Properties Inc has a C grade.

CubeSmart's market cap is not directly comparable to its peers, but it's worth noting that Omega Healthcare Investors Inc has a market cap of $7.63Bil, while Healthpeak Properties Inc has a market cap of $9.17Bil.

Here's a summary of the companies' market caps:

Reviewing the REITs - Specialized industry as a whole is also essential to understand how CubeSmart has been performing over the last year compared to its peers.

CubeSmart's financial metrics are an essential aspect of evaluating the company's performance. Its trailing 12-month earnings per share is $1.77, and the price-earnings ratio is 26.0, slightly higher than the industry median of 25.9.

The company's earnings have increased over the last five years, making it a promising investment opportunity. Investors should consider evaluating multiple ratios, metrics, statements, and reports before making a decision.

CubeSmart's gross margin is 72.93%, indicating a strong profitability. The operating and profit margins are 46.08% and 37.67%, respectively, showing a decent balance between operational efficiency and profit generation.

Here's a breakdown of CubeSmart's margins:

The company's operating cash flow is $608.70M, with free cash flow also at $608.70M. This indicates a strong ability to generate cash from operations, which is essential for investing in growth initiatives or paying dividends.

CubeSmart's valuation metrics offer a glimpse into the company's financial health and growth prospects. The market cap is a significant $9.62 billion, with an enterprise value of $12.52 billion.

The trailing PE ratio is 23.78, indicating that investors are willing to pay $23.78 for every dollar of earnings. The forward PE ratio is slightly higher at 24.03, suggesting that investors expect future earnings to grow.

Here are some key valuation ratios for CubeSmart:

The PEG ratio of 14.28 indicates that CubeSmart's stock price is relatively high compared to its growth prospects.

Short Selling Information

The latest short interest is a significant 3.72 million shares, which is a substantial number to consider when evaluating the market.

This is a decrease from the previous month, where 4.90 million shares were sold short.

The short interest as a percentage of outstanding shares is 1.64%, which is a relatively low percentage.

In comparison, the short interest as a percentage of float is slightly higher at 1.66%.

The short ratio, also known as the days to cover, is 3.12, indicating that it would take approximately 3.12 days to cover all the short positions.

Here's a summary of the short selling information:

CubeSmart is a leading self-storage company with a strong presence in the US. It operates over 1,300 locations across the country.

The company was founded in 2004 by Michael J. McCurry Jr. and was previously known as U-Stor-It.

CubeSmart is headquartered in Malvern, Pennsylvania, and has a significant market share in the self-storage industry.

CubeSmart's financial health is a key aspect of its overall success. The company's revenue for the last 12 months was $1.07 billion.

Let's take a closer look at the income statement. In the last 12 months, CubeSmart's net income was $401.96 million. This is a significant amount, indicating that the company is profitable.

Here's a breakdown of CubeSmart's income statement:

Earnings per share (EPS) is another important metric. In this case, CubeSmart's EPS was $1.78. This means that for every share of the company's stock, the investor can expect to earn $1.78 in profit.

Financial statements are a crucial tool for businesses to communicate their financial health and performance to stakeholders.

A company's financial statements are typically prepared at the end of each accounting period, which is usually a month, quarter, or year.

The four main financial statements are the Balance Sheet, Income Statement, Cash Flow Statement, and Statement of Stockholders' Equity.

The Balance Sheet provides a snapshot of a company's financial position at a specific point in time, showing its assets, liabilities, and equity.

Assets include cash, accounts receivable, inventory, and property, plant, and equipment, while liabilities include accounts payable, loans, and taxes owed.

Equity represents the ownership interest in the company, including common stock and retained earnings.

The Income Statement, also known as the Profit and Loss Statement, shows a company's revenues and expenses over a specific period of time.

Revenues include sales, services, and other income, while expenses include cost of goods sold, operating expenses, and taxes.

Net income is the profit earned by the company, which is calculated by subtracting total expenses from total revenues.

The Cash Flow Statement shows the inflows and outflows of cash and cash equivalents over a specific period of time.

Cash inflows include cash received from customers, loans, and investments, while cash outflows include cash paid for expenses, dividends, and debt repayment.

The Statement of Stockholders' Equity shows the changes in a company's equity over a specific period of time.

It shows the impact of dividends, stock splits, and other changes on the company's equity.

The income statement is a crucial financial statement that provides a snapshot of a company's revenue and expenses over a specific period. It's like a report card for a company, showing how well it's doing financially.

Revenue is the top line of the income statement, and for CubeSmart, it's a whopping $1.07 billion in the last 12 months. This is the amount of money the company made from its sales and services.

The gross profit is the amount left over after subtracting the cost of goods sold from revenue. For CubeSmart, the gross profit is $778.13 million. This is a significant amount, but it's not the only profit metric we can look at.

Operating income is another important profit metric that shows the company's profitability after deducting operating expenses. CubeSmart's operating income is $491.61 million, which is a substantial amount. This indicates that the company is doing well in terms of generating profits from its core operations.

Here's a breakdown of CubeSmart's income statement:

The net income is the final profit of the company after deducting all expenses, including taxes. For CubeSmart, the net income is $401.96 million, which is a great indicator of the company's overall financial health.

CubeSmart is covered by 31 analysts, who are constantly updating their estimates of revenue or earnings. These estimates are crucial for investors making informed decisions.

Several analysts have submitted their estimates, including Richard Milligan from Baird, Brendan Lynch from Barclays, and Keegan Carl from Berenberg. These analysts are likely to have valuable insights into CubeSmart's financial performance.

A total of 7 analysts submitted their estimates, which are used as inputs in our report. This suggests that the analysts are closely following CubeSmart's financials and are willing to share their expertise.

Here are some of the analysts who have submitted their estimates:

Upcoming events for CubeSmart are a crucial aspect to consider when analyzing their earnings. CubeSmart is projected to release their Q4 2024 earnings on February 19, 2025.

Their Q1 2025 earnings release is scheduled for April 23, 2025. This will provide valuable insights into their first quarter performance.

CubeSmart's Q2 2025 earnings release is also projected for July 30, 2025. This will be a key indicator of their mid-year performance.

Their Q3 2025 earnings release is scheduled for October 29, 2025. This will give investors a glimpse into their third quarter results.

Here is a list of CubeSmart's upcoming earnings releases:

As we dive into CubeSmart's earnings, it's essential to take a look at their past dividends. CubeSmart has consistently paid quarterly dividends, with the most recent being $0.52 USD on January 1, 2025.

Their dividend history shows a relatively stable payout, with the exception of a slight decrease in 2022 and 2023.

Here's a breakdown of their quarterly dividend payments over the years:

It's worth noting that the dividend amount has remained relatively stable over the years, with the exception of a slight decrease in 2022 and 2023.