CubeSmart (CUBE)
Real Estate · Self-storage real estate / REIT
A self-storage REIT that owns and operates 662 properties with 48.4 million square feet across 26 states, serving 399,000 customers with climate-controlled units and month-to-month leases.
What CubeSmart does
CubeSmart is a self-administered and self-managed real estate investment trust (REIT) that owns, operates, develops, and acquires self-storage properties across the United States. As of December 31, 2025, the company owned or partially owned 662 self-storage properties containing approximately 48.4 million rentable square feet across 25 states and the District of Columbia, with an 88.1% occupancy rate serving approximately 399,000 customers. In addition to its owned properties, CubeSmart manages 862 properties for third parties, bringing its total portfolio to 1,524 owned and/or managed stores across 39 states.
Themes: ["Self-storage real estate","REIT","Property acquisition and development","Third-party property management"]
Fundamentals
- Price$39.79 as of 2026-07-09 close
- Market cap$9.0B as of 2026-07-10
- 1-year return-6.2% as of 2026-07-09 close
- P/E27.51 as of 2026-07-10
- Net margin+28.9% as of 2026-07-10
- Gross margin+68.3% as of 2026-07-10
- ROE+11.9% as of 2026-07-10
- Debt / equity1.32 as of 2026-07-10
- Revenue growth (YoY)+5.0% as of 2026-07-10
- Revenue CAGR (3y)+3.6% SEC XBRL
- Beta1.07 as of 2026-07-10
Dividend: yield +5.3%; 5-year non-decreasing per-share dividend streak (SEC XBRL).
Key risks (from latest filing)
["Competition from existing and new self-storage operators may impact occupancy and rental rates","Economic sensitivity—inflation, interest rate changes, and wage stagnation could reduce demand for self-storage and ability to maintain rental rates","Financing and refinancing risks, including rising interest rates, leverage constraints, and debt default potential"]
Competitors & peers
- Public Storage (PSA)
- Life Storage (LSI)
- Extra Space Storage (EXR)
- National Self Storage
Fundamentals: Finnhub, as of 2026-07-10. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-09.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.