CUBE - CubeSmart
NYSE
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REIT—Industrial
Malvern,
United States
Type: Equity
CUBE price evolution
CUBE
| (in millions $) | 30 Oct 2024 | 30 Jun 2024 | 31 Mar 2024 | 31 Dec 2023 |
|---|---|---|---|---|
| Current assets | ||||
| Cash | $7.27 | $7.61 | $8.22 | |
| Short term investments | ||||
| Net receivables | $9.86 | $9.21 | $7.91 | $8.94 |
| Inventory | ||||
| Total current assets | $70.03 | $21.63 | $21.41 | $28.52 |
| Long term investments | ||||
| Property, plant & equipment | $5927.36 | $5911.94 | $5938.73 | $5951.24 |
| Goodwill & intangible assets | ||||
| Total noncurrent assets | ||||
| Total investments | $94.05 | $96.23 | $98.29 | |
| Total assets | $6192.41 | $6184.46 | $6208.89 | $6225.02 |
| Current liabilities | ||||
| Accounts payable | $223.52 | $346.3 | $318.72 | $317.24 |
| Deferred revenue | $40.58 | $39.27 | $38.48 | |
| Short long term debt | ||||
| Total current liabilities | $340.18 | $346.77 | $350.59 | $317.24 |
| Long term debt | $2939.82 | $2949.76 | $2956.99 | $2988.49 |
| Total noncurrent liabilities | ||||
| Total debt | $2950.23 | $2988.86 | $2988.49 | |
| Total liabilities | $3406.91 | $3337.11 | $3346.85 | $3344.21 |
| Shareholders' equity | ||||
| Retained earnings | -$1411.85 | -$1386.06 | -$1364.72 | -$1345.24 |
| Other shareholder equity | -$0.35 | -$0.37 | -$0.39 | -$0.41 |
| Total shareholder equity | $2770.09 | $2782.11 | $2798.83 | |
| (in millions $) | 31 Dec 2023 | 31 Jan 2023 | 31 Dec 2021 | 31 Dec 2020 |
|---|---|---|---|---|
| Current assets | ||||
| Cash | $8.22 | $8.93 | $13.32 | $6.23 |
| Short term investments | ||||
| Net receivables | $8.94 | $7.93 | $8.14 | $5.8 |
| Inventory | ||||
| Total current assets | $28.52 | $24.16 | $29.57 | $18.38 |
| Long term investments | ||||
| Property, plant & equipment | $5951.24 | $6097.49 | $6097.67 | $4505.81 |
| Goodwill & intangible assets | ||||
| Total noncurrent assets | ||||
| Total investments | $98.29 | $105.99 | $119.75 | $92.07 |
| Total assets | $6225.02 | $6325.83 | $6548.08 | $4778.14 |
| Current liabilities | ||||
| Accounts payable | $317.24 | $164.63 | $297.4 | $227.44 |
| Deferred revenue | $38.48 | $38.76 | $37.14 | $29.09 |
| Short long term debt | ||||
| Total current liabilities | $319.42 | $327.76 | $300.65 | $230.45 |
| Long term debt | $2986.31 | $3059.74 | $3209.4 | $2364.68 |
| Total noncurrent liabilities | ||||
| Total debt | $2988.49 | $3061.93 | $3211.59 | $2430.28 |
| Total liabilities | $3344.21 | $3499.63 | $3549.7 | $2687.88 |
| Shareholders' equity | ||||
| Retained earnings | -$1345.24 | -$1301.03 | -$1218.5 | -$974.8 |
| Other shareholder equity | -$0.41 | -$0.49 | -$0.57 | -$0.63 |
| Total shareholder equity | $2798.83 | $2826.2 | $2871.56 | $1832.22 |
| (in millions $) | 30 Oct 2024 | 30 Jun 2024 | 31 Mar 2024 | 31 Dec 2023 |
|---|---|---|---|---|
| Revenue | ||||
| Total revenue | $270.89 | $266.21 | $261.41 | $265.13 |
| Cost of revenue | $83.1 | $77.04 | $71.29 | |
| Gross Profit | $189.02 | $183.11 | $184.37 | $193.84 |
| Operating activities | ||||
| Research & development | ||||
| Selling, general & administrative | $14.62 | $15.63 | $13.98 | |
| Total operating expenses | $65.47 | $65.66 | $66.34 | $64.55 |
| Operating income | $117.45 | $118.03 | $129.29 | |
| Income from continuing operations | ||||
| EBIT | $116.73 | $117.45 | $135.29 | |
| Income tax expense | ||||
| Interest expense | -$23.32 | $22.77 | $22.92 | $22.63 |
| Net income | ||||
| Net income | $100.8 | $93.96 | $94.53 | $112.67 |
| Income (for common shares) | $93.96 | $94.53 | $112.67 | |
| (in millions $) | 31 Dec 2023 | 31 Dec 2022 | 31 Dec 2021 | 31 Dec 2020 |
|---|---|---|---|---|
| Revenue | ||||
| Total revenue | $1050.33 | $1009.62 | $822.56 | $679.18 |
| Cost of revenue | $294.78 | $293.26 | $252.1 | $223.63 |
| Gross Profit | $755.55 | $716.36 | $570.46 | $455.54 |
| Operating activities | ||||
| Research & development | ||||
| Selling, general & administrative | $57.04 | $54.62 | $47.81 | $41.42 |
| Total operating expenses | $258.28 | $365.23 | $279.86 | $198 |
| Operating income | $497.27 | $351.13 | $290.6 | $257.55 |
| Income from continuing operations | ||||
| EBIT | $503.82 | $384.55 | $301.93 | $241.51 |
| Income tax expense | ||||
| Interest expense | $93.06 | $93.28 | $78.45 | $75.89 |
| Net income | ||||
| Net income | $410.76 | $291.26 | $223.48 | $165.62 |
| Income (for common shares) | $410.76 | $291.26 | $223.48 | $165.62 |
| (in millions $) | 30 Oct 2024 | 30 Jun 2024 | 31 Mar 2024 | 31 Dec 2023 |
|---|---|---|---|---|
| Net income | $93.96 | $94.53 | $112.67 | |
| Operating activities | ||||
| Depreciation | $52.05 | $51.75 | $51.6 | |
| Business acquisitions & disposals | $1.5 | $1.68 | -$2.48 | |
| Stock-based compensation | $2.86 | $2.83 | $2.56 | |
| Total cash flows from operations | $170.86 | $150.15 | $146 | |
| Investing activities | ||||
| Capital expenditures | -$21.84 | -$35.9 | -$43.93 | |
| Investments | ||||
| Total cash flows from investing | -$72.86 | -$20.34 | -$34.22 | -$38.99 |
| Financing activities | ||||
| Dividends paid | -$345.9 | -$115.27 | -$115.25 | -$110.62 |
| Sale and purchase of stock | $4.48 | $0.19 | -$0.05 | |
| Net borrowings | -$39.2 | -$0.16 | $2.45 | |
| Total cash flows from financing | -$356.41 | -$150.86 | -$116.53 | -$108.69 |
| Effect of exchange rate | ||||
| Change in cash and equivalents | $37.14 | -$0.34 | -$0.6 | -$1.68 |
| (in millions $) | 31 Dec 2023 | 31 Dec 2022 | 31 Dec 2021 | 31 Dec 2020 |
|---|---|---|---|---|
| Net income | $410.76 | $291.26 | $223.48 | $165.62 |
| Operating activities | ||||
| Depreciation | $205.38 | $314.51 | $240.22 | $159.25 |
| Business acquisitions & disposals | $8.32 | $62.63 | -$1640.65 | -$0.78 |
| Stock-based compensation | $10.09 | $9.08 | $8.09 | $7.14 |
| Total cash flows from operations | $611.14 | $591.47 | $449.19 | $351.03 |
| Investing activities | ||||
| Capital expenditures | -$109.56 | -$111.4 | -$212.02 | -$510.67 |
| Investments | ||||
| Total cash flows from investing | -$93.82 | -$48.77 | -$1852.67 | -$511.44 |
| Financing activities | ||||
| Dividends paid | -$442.22 | -$387.11 | -$273.84 | -$256.25 |
| Sale and purchase of stock | $2.44 | $6.47 | $973.5 | $121.69 |
| Net borrowings | -$75.39 | -$151.43 | $728.24 | $249.96 |
| Total cash flows from financing | -$518.03 | -$547.09 | $1410.57 | $108.2 |
| Effect of exchange rate | ||||
| Change in cash and equivalents | -$0.71 | -$4.39 | $7.09 | -$52.21 |
News
Fundamentals
| Market cap | $9.29B |
|---|---|
| Enterprise value | N/A |
| Shares outstanding | 226.00M |
| Revenue | $1.06B |
|---|---|
| EBITDA | N/A |
| EBIT | N/A |
| Net Income | $401.95M |
| Revenue Q/Q | 1.13% |
| Revenue Y/Y | 1.67% |
| P/E ratio | 23.10 |
|---|---|
| EV/Sales | N/A |
| EV/EBITDA | N/A |
| EV/EBIT | N/A |
| P/S ratio | 8.73 |
| P/B ratio | N/A |
| Book/Share | N/A |
| Cash/Share | N/A |
| EPS | $1.78 |
|---|---|
| ROA | 6.48% |
| ROE | N/A |
| Debt/Equity | 1.19 |
|---|---|
| Net debt/EBITDA | N/A |
| Current ratio | 0.21 |
| Quick ratio | N/A |