CUBE
Real EstateCubeSmart · REIT - Industrial · $9B
What is CubeSmart?
CubeSmart is a self-administered, self-managed real estate investment trust focused on self-storage properties across the United States. The company serves both residential and commercial customers seeking affordable, accessible, and secure storage solutions.
CubeSmart owns, operates, and manages self-storage facilities designed to give customers flexible, secure space for personal belongings and business inventory. Revenue comes primarily from monthly rental fees paid by tenants who need short- or long-term storage. As a REIT, the company is required to distribute the majority of its taxable income to shareholders as dividends. CubeSmart ranks among the top three self-storage operators in the United States by property count.
CubeSmart was founded in 2004 and is headquartered in Malvern, Pennsylvania.
- Climate-controlled and standard self-storage units
- Commercial storage solutions for businesses
- Vehicle, boat, and RV storage options
- Third-party property management services for self-storage owners
Is CUBE a Good Stock to Buy?
UQS Score rates CUBE as Below Average overall, reflecting meaningful headwinds across several key pillars.
CubeSmart's strongest dimension is Quality, which stands out relative to its overall profile. This suggests the underlying business operations are managed with discipline, and the company maintains a degree of financial stability expected of an established REIT.
The Moat and Growth pillars both register as Weak, indicating limited competitive differentiation and constrained expansion prospects — concerns worth weighing carefully in the self-storage sector.
See the exact pillar breakdown and full financial metrics by signing up for a UQS Pro account. Sign up free →
Past performance does not guarantee future results. UQS Score is based on fundamental data and is not a buy/sell recommendation.
Does CUBE pay dividends?
Yes — CubeSmart pays a dividend.
CubeSmart pays a regular dividend, consistent with its REIT structure, which mandates distributing most taxable income to shareholders. Income-oriented investors often look to self-storage REITs for relatively steady dividend streams. The sustainability of that payout depends on occupancy trends and rental rate dynamics — factors reflected in the UQS pillar profile.
When does CUBE report earnings?
CubeSmart reports earnings on a quarterly cadence, typical for US-listed REITs.
The company's recent results reflect the broader self-storage sector environment, where occupancy and rental rate trends have moderated after a period of elevated demand. Growth and Moat pillar signals suggest the operating backdrop remains challenging relative to historical norms.
For the most recent quarter's results, visit CubeSmart's investor relations page directly.
CUBE Price History
+12.6% over 5Y
Monthly close, adjusted for stock splits and dividend reinvestment.
What if I invested in CubeSmart?
Based on CubeSmart's historical closing prices, adjusted for stock splits and dividend reinvestment. Past performance does not guarantee future results. This is for informational purposes only and is not financial advice.
CUBE Long-term Outlook
CubeSmart's fundamental outlook is shaped by Weak Growth and Weak Moat signals, pointing to a business navigating a more competitive and slower-growth phase. The Neutral Risk profile suggests the balance sheet is not a near-term concern, but the absence of strong competitive differentiation limits upside visibility. Valuation is rated Neutral, meaning the stock is neither clearly cheap nor obviously expensive relative to its fundamentals.
Growth drivers
- Third-party management platform expanding the asset-light revenue base
- Potential for selective acquisitions in fragmented self-storage markets
- Stabilization of occupancy rates as new supply pressures ease
Key risks
- Elevated new supply in key markets compressing occupancy and rents
- Limited pricing power relative to larger self-storage peers
- Interest rate sensitivity affecting REIT valuations and refinancing costs
CUBE vs Peers
CubeSmart operates in the broader real estate sector alongside several other property-focused REITs, each with a distinct asset focus.
Rexford focuses exclusively on industrial properties in Southern California infill markets, a fundamentally different asset class from self-storage.
Lineage operates temperature-controlled warehouse and cold-storage logistics facilities, serving food supply chains rather than retail or residential tenants.
First Industrial owns and manages bulk distribution and light industrial properties nationwide, targeting logistics and e-commerce tenants rather than individual storage customers.
Frequently Asked Questions
What does CubeSmart do?
CubeSmart owns and operates self-storage facilities across the United States, offering residential and commercial customers affordable, secure, and accessible storage space. The company also manages properties on behalf of third-party owners, adding an asset-light revenue stream to its portfolio.
Does CUBE pay dividends?
Yes, CubeSmart pays a regular dividend. As a REIT, it is required to distribute the majority of its taxable income to shareholders, making dividend payments a core feature of the investment. Investors should review the company's investor relations page for the current declared amount and payment schedule.
When does CUBE report earnings?
CubeSmart reports earnings on a quarterly cadence, in line with standard practice for US-listed REITs. For the exact timing of upcoming releases, check CubeSmart's investor relations page, as specific dates are subject to change.
Is CUBE a good stock to buy?
UQS Score rates CUBE as Below Average, driven by Weak signals in both the Moat and Growth pillars. The Quality pillar is a relative bright spot. Whether the stock suits a particular investor depends on individual goals, risk tolerance, and portfolio context — the full UQS breakdown is available to Pro members.
Is CUBE overvalued?
The UQS Valuation pillar for CUBE is rated Neutral, suggesting the stock is not clearly cheap or obviously expensive relative to its fundamental profile. A Neutral Valuation alongside Weak Growth and Weak Moat signals is worth examining carefully. Pro members can view the complete valuation metrics.
How does CUBE compare to its competitors?
CubeSmart competes primarily in the self-storage niche, while sector peers like Rexford Industrial and First Industrial Realty focus on industrial and logistics properties. These differences in asset type, tenant mix, and demand drivers mean direct comparisons require looking beyond surface-level metrics.
What is CUBE's market cap bracket?
CubeSmart is classified as a mid-cap company. This places it in a range that typically offers more liquidity than small-cap REITs while remaining smaller than the largest publicly traded real estate companies.
Who founded CubeSmart?
CubeSmart was established in 2004. Detailed founding history, including the names of key founders and early leadership, is publicly available through the company's official filings and investor relations materials.
Is CUBE a long-term quality indicator?
As a long-term quality indicator, CUBE presents a mixed picture. The Strong Quality pillar reflects operational discipline, but Weak Moat and Weak Growth signals suggest the business may face structural challenges sustaining competitive advantage and expanding earnings over time. Pro members can access the full multi-pillar view.
What is the main competitive advantage of CubeSmart?
CubeSmart's scale as one of the top three self-storage operators in the US provides some brand recognition and operational efficiency. However, the UQS Moat pillar is rated Weak, indicating that durable competitive differentiation relative to peers is limited in the current environment.
What sector does CUBE belong to?
CubeSmart belongs to the Real Estate sector, specifically operating as a self-storage REIT. Self-storage is considered a defensive real estate sub-sector, though it is not immune to supply cycles and interest rate pressures that affect all property-focused companies.
Is CUBE a growth stock or value stock?
Based on UQS pillar labels, CUBE leans toward neither category cleanly. The Growth pillar is rated Weak, making a growth-stock classification difficult to support. The Valuation pillar is Neutral, so it does not screen as a deep-value opportunity either. It sits in an in-between position that Pro analysis helps clarify.
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Pro Analysis
CUBE — Score History
| Date | UQS | Quality | Moat | Growth | Risk | Value | Change |
|---|---|---|---|---|---|---|---|
| May 22, 2026 | 41.6 | 85.4 | 30.0 | 8.5 | 27.0 | 46.4 | 0.0 |
| May 21, 2026 | 41.6 | 85.4 | 30.0 | 8.5 | 27.0 | 46.6 | 0.0 |
| May 20, 2026 | 41.6 | 85.4 | 30.0 | 8.5 | 27.0 | 46.9 | -0.1 |
| May 19, 2026 | 41.7 | 85.4 | 30.0 | 8.8 | 27.0 | 47.0 | 0.0 |
| May 16, 2026 | 41.7 | 85.4 | 30.0 | 8.8 | 27.0 | 47.3 | +0.1 |
| May 15, 2026 | 41.6 | 85.4 | 30.0 | 8.5 | 27.0 | 46.5 | +0.1 |
| May 14, 2026 | 41.5 | 85.4 | 30.0 | 8.5 | 27.0 | 46.3 | -0.2 |
| May 13, 2026 | 41.7 | 85.4 | 30.0 | 9.7 | 27.0 | 45.8 | 0.0 |
| May 12, 2026 | 41.7 | 85.4 | 30.0 | 9.7 | 27.0 | 45.9 | +0.1 |
| May 11, 2026 | 41.6 | 85.4 | 30.0 | 9.2 | 27.0 | 46.0 | -1.5 |
CUBE — Pillar Breakdown
Quality
— 85.4/100 (25%)CubeSmart demonstrates outstanding capital efficiency and profitability, placing it among the highest-quality businesses in the market.
Profitability relative to shareholders' equity.
Ability to convert revenue into operating profit.
Bottom-line profit as a share of revenue.
Free cash flow relative to market value.
Growth
— 8.5/100 (20%)CubeSmart faces growth headwinds with declining or stagnant revenue trends.
Revenue trajectory over the last twelve months.
Compound annual revenue growth rate over 3 years.
Year-over-year earnings per share growth.
Analyst consensus for future revenue growth.
Analyst consensus for future earnings growth.
Risk
— 27.0/100 (15%)CubeSmart presents elevated risk with concerns around leverage or financial stability.
Total debt relative to shareholder equity.
Short-term liquidity — ability to pay near-term obligations.
Earnings capacity relative to interest payments.
Valuation
— 45.2/100 (15%)CubeSmart has a mixed valuation — some metrics suggest fair value while others appear stretched.
Inverse of forward P/E — higher yield means cheaper stock.
How many years of FCF the market cap represents.
P/E relative to earnings growth — lower is more attractive.
Enterprise value multiple relative to sector median.
Moat
— 30/100 (25%)CubeSmart operates in a highly competitive environment with limited sustainable advantages. The Moat pillar evaluates competitive advantages across five dimensions: Switching Costs, Network Effects, Cost Advantage, Intangible Assets, and Scale & Ecosystem. Sign in to customize moat ratings for CUBE.
Score Composition
Financial Data
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How is the CUBE UQS Score Calculated?
The UQS (Unified Quality Score) for CubeSmart is calculated using a proprietary 6-pillar framework with 29 financial metrics. Each pillar evaluates a different dimension on a 0–100 scale, then combines into a single weighted score. Scoring thresholds are calibrated per sector. Momentum is an optional Pro toggle — without it, you get the 5-pillar / 25-metric core shown below.
Quality (25%) measures profitability and capital efficiency — ROIC, ROE, margins, GP/Assets, and FCF Yield.
Moat (25%) assesses CubeSmart's competitive advantages across switching costs, network effects, cost advantages, intangible assets, and ecosystem scale.
Growth (20%) tracks revenue trajectory and earnings momentum, combining historical results with analyst forward estimates.
Risk (15%) is inversely scored — lower leverage and strong balance sheet health result in higher scores.
Valuation (15%) measures whether CubeSmart is fairly priced using earnings yield, price-to-FCF, PEG ratio, and EV/EBITDA relative to sector peers.
Six investor-inspired presets are available, each with different pillar weights: Balanced, Buffett, Munger, Lynch, Cathie Wood, and Graham. The public score shown here uses the Balanced preset. Learn more in our FAQ.