CubeSmart (CUBE) Stock Analysis
Real Estate · REIT - Industrial · NYSE
CubeSmart (CUBE) posted $1.12B in revenue for fiscal 2025 (up 5.3% year over year), at a 29.7% net margin, and has compounded revenue about 10.6%/yr over five years, per its SEC filings.
Data last refreshed August 2, 2026 from SEC filings · how we compute this
The analyst's take on CubeSmart
CubeSmart has grown revenue from $0 to $1.12B over the last 10 fiscal years, compounding about 10.6% a year. The most recent year was up 5.3%, so growth has cooled from its longer-run pace.
Net margin sits at 29.7%, down 7 points year over year on a 68.7% gross margin.
At today's valuation the market is pricing in roughly 4.8% annual free-cash-flow growth.
Synthesised from CubeSmart's SEC filings — descriptive, not advice. Ask the analyst your own question →
CubeSmart revenue & earnings — last 10 fiscal years
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $0 | $558.94M | $597.94M | $643.91M | $679.18M | $822.56M | $1.01B | $1.05B | $1.07B | $1.12B |
| Gross profit | $-165.85M | $377.44M | $401.08M | $434.18M | $455.54M | $570.46M | $716.36M | $755.55M | $748.48M | $771.71M |
| Net income | $87.91M | $134.29M | $163.89M | $170.77M | $167.61M | $230.81M | $291.26M | $410.76M | $391.18M | $333.78M |
| Net margin | — | 24.0% | 27.4% | 26.5% | 24.7% | 28.1% | 28.8% | 39.1% | 36.7% | 29.7% |
Source: CubeSmart SEC filings (10-K). 17 years of history available in the interactive view.
CubeSmart: no obvious red flags in the filings
Our deterministic scan of the filed statements — receivables vs sales, earnings vs cash, dilution, leverage and margins — didn't flag anything. Ask about the risks →
What growth is priced into CUBE stock?
At today's market cap of $9.53B, CubeSmart is priced for free-cash-flow growth of about 4.8% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $588.87M from the FY ending 2024-12-31). For comparison, revenue 10.6%/yr, computed from its SEC filings. This is a reverse DCF — a translation of the price into a growth assumption you can judge, not a fair value and not advice. Change the assumptions yourself in the interactive view →
Explore 17 years of CubeSmart financials — interactive
Full income statement, balance sheet and cash flow with CAGR and trend on every row, 48 quarters, valuation ratios, plain-English health checks, and Ask — our SEC-grounded research assistant.
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CubeSmart financial history by metric
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About CubeSmart
CubeSmart is a self-administered and self-managed real estate investment trust. CubeSmart owns or manages 1,514 self-storage properties across the United States. According to the 2025 Self Storage Almanac, CubeSmart is one of the top three owners and operators of self-storage properties in the U.S. Its mission is to simplify the organizational and logistical challenges created by the many life events and business needs of its customers through innovative solutions, unparalleled service, and genuine care. Its self-storage properties are designed to offer affordable, easily accessible, and, in most locations, climate-controlled storage space for residential and commercial customers. CubeSmart was incorporated in 2004 in Maryland and is based in Malvern, Pennsylvania.
CubeSmart — frequently asked questions
What is CubeSmart's revenue?
CubeSmart (CUBE) reported revenue of $1.12B for fiscal year 2025, up 5.3% from the prior year, according to its SEC filings.
Is CubeSmart profitable?
Yes. CUBE earned net income of $333.78M in fiscal 2025, a net margin of 29.7%.
What is CUBE's P/E ratio?
CubeSmart trades at a price-to-earnings ratio of about 29.3 based on the latest data in our nightly-refreshed cache.
How fast is CubeSmart growing?
CUBE's revenue grew at roughly 10.6% per year over the last five fiscal years (compound annual growth rate), computed from SEC-filed statements.
How much debt does CubeSmart have?
As of fiscal year 2025, CUBE carried roughly $0 in total debt (short- plus long-term borrowings), per its filed balance sheet.
What is CubeSmart's gross margin?
CUBE's gross margin was 68.7% in fiscal 2025 — gross profit of $771.71M on revenue of $1.12B.
What is CubeSmart's market cap?
CubeSmart (CUBE) has a market capitalization of about $9.53B, based on the latest data in our nightly-refreshed cache.
When does CubeSmart's fiscal year end?
CUBE's fiscal year ends in December. Its most recent annual filing covers the fiscal year ending 2025-12-31.
What growth is priced into CUBE stock?
At today's market cap of $9.53B, CubeSmart is priced for free-cash-flow growth of about 4.8% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $588.87M from the FY ending 2024-12-31). For comparison, revenue 10.6%/yr, computed from its SEC filings.
Where does this data come from?
All figures are computed from CubeSmart's official SEC filings (10-K and 10-Q), covering 17 years of history, refreshed nightly. stockportfolio.pro does not provide investment advice.