CubeSmart
Research CubeSmart (CUBE) on Bullrun: valuation model: fairly valued, market cap USD 9.16B, P/E 27.8, dividend yield 5.3%. Explore financials, valuation history, model signals, and stock context.
Key Metrics
- TickerCUBE
- ExchangeNYSE
- CountryUnited States
- SectorReal Estate
- IndustryREIT-Industrial
- CurrencyUSD
- Valuation signalfairly valued
- Market capUSD 9.16B
- P/E27.8
- Dividend yield5.3%
- 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 fairly valued; latest market cap is USD 9.16B; P/E is 27.8; dividend yield is 5.3%.
Peer valuation comparison
Latest P/E is 27.77x versus a Real Estate sector median of 14.84x (87.2% above).
Latest dividend yield is 5.28% versus a Real Estate sector median of 4.71% (12.2% 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 | n/a | 71.9% | 1.82 | USD 6.53M | USD 2.99B | USD 2.80B |
| FY2022 | USD 1.01B | USD 292.47M | n/a | 71.0% | 1.29 | USD 6.06M | USD 3.17B | USD 2.83B |
Valuation history
| Year | Snapshot date | Market cap | P/E | Dividend yield | Annual dividend/share |
|---|---|---|---|---|---|
| 2026 | 2026-08-25 | USD 9.16B | 27.8 | 5.2% | 2.11 |
| 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 2.11 USD, yield 5.3%.
| 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 fairly valued.
What is CubeSmart's market cap?
CubeSmart's market capitalization is USD 9.16B.
What is CubeSmart's P/E ratio?
CubeSmart's price-to-earnings (P/E) ratio is 27.8.
Does CubeSmart pay a dividend?
CubeSmart has a dividend yield of 5.3%.
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.