CubeSmart
Research CubeSmart (CUBE) on Bullrun: valuation model: 1.3% overvalued, market cap USD 8.56B, P/E 26.0, dividend yield 5.6%. Explore financials, valuation history, model signals, and stock context.
Key Metrics
- TickerCUBE
- ExchangeNYSE
- CountryUnited States
- SectorReal Estate
- IndustryREIT-Industrial
- CurrencyUSD
- Valuation signal1.3% overvalued
- Market capUSD 8.56B
- P/E26.0
- Dividend yield5.6%
- Financial periodQ2 2026
- RevenueUSD 286.49M
- Net incomeUSD 89.59M
- Free cash flowUSD 131.29M
- Gross margin66.5%
Valuation Snapshot
Bullrun's latest valuation model marks CubeSmart as 1.3% overvalued; latest market cap is USD 8.56B; P/E is 26.0; dividend yield is 5.6%.
Peer valuation comparison
Latest P/E is 25.96x versus a Real Estate sector median of 14.08x (84.4% above).
Latest dividend yield is 5.59% versus a Real Estate sector median of 4.76% (17.4% above).
Five-year financial history
| Year | Revenue | Net income | Free cash flow | Gross margin | Diluted EPS | Cash | Total debt | Equity |
|---|---|---|---|---|---|---|---|---|
| FY2025 | USD 1.12B | USD 331.32M | USD 608.51M | 68.7% | 1.46 | USD 5.78M | USD 3.47B | USD 2.72B |
| FY2024 | USD 1.07B | USD 391.89M | USD 588.87M | 70.2% | 1.72 | USD 71.56M | USD 3.05B | USD 2.87B |
| FY2023 | USD 1.05B | USD 412.44M | USD 611.14M | 71.9% | 1.82 | USD 6.53M | USD 2.99B | USD 2.80B |
| FY2022 | USD 1.01B | USD 292.47M | USD 591.47M | 71.0% | 1.29 | USD 6.06M | USD 3.06B | USD 2.83B |
Valuation history
| Year | Snapshot date | Market cap | P/E | Dividend yield | Annual dividend/share |
|---|---|---|---|---|---|
| 2026 | 2026-10-09 | USD 8.56B | 26.0 | 5.6% | 2.12 |
| 2025 | 2025-12-31 | USD 8.19B | 24.7 | 5.8% | 2.08 |
| 2024 | 2024-12-31 | USD 9.76B | 24.9 | 3.6% | 1.53 |
| 2023 | 2023-12-29 | USD 10.42B | 27.6 | 5.3% | 2.47 |
| 2022 | 2022-12-30 | USD 9.04B | 35.3 | 5.5% | 2.21 |
| 2021 | 2021-12-31 | USD 12.74B | 52.2 | 2.5% | 1.45 |
Dividend history
Latest trailing dividend snapshot: annual dividend/share 2.12 USD, yield 5.6%.
| Year | Dividends/share |
|---|---|
| FY2025 | 2.09 USD |
| FY2024 | 2.05 USD |
| FY2023 | 1.98 USD |
| FY2022 | 1.78 USD |
About CubeSmart
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.
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Frequently asked questions
Is CubeSmart overvalued or undervalued?
Bullrun's valuation model currently marks CubeSmart as 1.3% overvalued.
What is CubeSmart's market cap?
CubeSmart's market capitalization is USD 8.56B.
What is CubeSmart's P/E ratio?
CubeSmart's price-to-earnings (P/E) ratio is 26.0.
Does CubeSmart pay a dividend?
CubeSmart has a dividend yield of 5.6%.
What does CubeSmart do?
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.