Growth Catalysts | Learn about CubeSmart's third-party management business, potential for accretive acquisitions, and how its smaller size could drive more impactful growth compared to larger peers |
Industry Headwinds | Delve into the self-storage sector's challenges, including housing market softness and price competition, and how CubeSmart navigates these obstacles |
Financial Resilience | CubeSmart's Q2 2024 performance aligns with expectations, maintaining full-year guidance amidst industry challenges. Analysts project EPS growth from $2.64 to $2.82 |
NYC Market Dominance | Explore CubeSmart's strategic advantage in New York City, comprising 23% of its NOI, and how this positions the company for superior rent performance as supply headwinds diminish |
CubeSmart (the “Parent Company”) operates as a self-managed and self-administered real estate investment trust (“REIT”) with its operations conducted solely through CubeSmart, L.P. and its subsidiaries. CubeSmart, L.P., a Delaware limited partnership (the “Operating Partnership”), operates through an umbrella partnership structure, with the Parent Company, a Maryland REIT, as its sole general partner. As of March 31, 2024, the Company owned (or partially owned and consolidated) self-storage properties located in the District of Columbia and 24 states throughout the United States, which are presented under one reportable segment: the Company owns, operates, develops, manages and acquires self-storage properties..
Metrics to compare | CUBE | Sector Sector - Average of metrics from a broad group of related Real Estate sector companies | Relationship RelationshipCUBEPeersSector | |
---|---|---|---|---|
P/E Ratio | 27.9x | 38.4x | 7.6x | |
PEG Ratio | 6.88 | 1.86 | 0.01 | |
Price / Book | 4.1x | 2.7x | 0.9x | |
Price / LTM Sales | 10.6x | 8.2x | 3.8x | |
Upside (Analyst Target) | 6.4% | 11.9% | 11.9% | |
Fair Value Upside | Unlock | −12.1% | 1.1% | Unlock |