with more personalized storage solutions and over 600 convenient locations nationwide, our customers can expect to get more out of self storage than they put in. same space. same price. more services. now that's smart. cubesmart has the best-trained managers in the industry who are committed to delivering top-notch, unparalleled service. we’ve elevated ourselves through our first-in-industry wow! department. focused on delivering a better storage experience than our customers could have imagined, wow! is the next step in the evolution of customer service. interested in working at cubesmart? go to careers.cubesmart.com. interested in selling your facility? we're looking to buy existing properties! email our acquisitions team at inquiry@cubesmart.com. find cubesmart elsewhere on the web: http://cubesmart.com http://careers.cubesmart.com www.facebook.com/cubesmart https://twitter.com/cubesmart https://www.youtube.com/user/cubesmartstorage https://plus.google.com/+cubesmart/
Company profile
Ticker
CUBE
Exchange
Website
CEO
Christopher P Marr
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
U-Store-It Trust
SEC CIK
Corporate docs
Subsidiaries
101 OLD WINDSOR ROAD, LLC • 1053 CROMWELL AVENUE, LLC • 12250 El Dorado Parkway, LLC • 12902 South 301 Highway, LLC • 1575 NORTH BLAIRS BRIDGE ROAD, LLC • 186 Jamaica Ave TRS, LLC • 186 JAMAICA AVE, LLC • 191 CUBE SOUTHEAST FL, LLC • 191 CUBE SOUTHEAST GA, LLC • 191 CUBE SOUTHEAST SC, LLC ...
IRS number
201024732
CUBE stock data
Latest filings (excl ownership)
ARS
2023 FY
Annual report to shareholders
5 Apr 24
DEFA14A
Additional proxy soliciting materials
5 Apr 24
DEF 14A
Definitive proxy
5 Apr 24
8-K
March 2024 Investor Presentation
4 Mar 24
10-K
2023 FY
Annual report
29 Feb 24
8-K
CubeSmart Reports Fourth Quarter and Annual 2023 Results
29 Feb 24
8-K
January 2024 Investor Presentation
9 Jan 24
8-K
November 2023 Investor Presentation
13 Nov 23
10-Q
2023 Q3
Quarterly report
3 Nov 23
8-K
CubeSmart Reports Third Quarter 2023 Results
3 Nov 23
Transcripts
CUBE
Earnings call transcript
2023 Q3
3 Nov 23
CUBE
Earnings call transcript
2023 Q2
4 Aug 23
CUBE
Earnings call transcript
2023 Q1
28 Apr 23
CUBE
Earnings call transcript
2022 Q4
24 Feb 23
CUBE
Earnings call transcript
2021 Q4
25 Feb 22
CUBE
Earnings call transcript
2020 Q4
26 Feb 21
CUBE
Earnings call transcript
2020 Q3
6 Nov 20
CUBE
Earnings call transcript
2020 Q2
7 Aug 20
CUBE
Earnings call transcript
2020 Q1
8 May 20
CUBE
Earnings call transcript
2019 Q4
21 Feb 20
Latest ownership filings
4
CHRISTOPHER P MARR
15 Apr 24
4
Jennifer Schulte
15 Apr 24
4
TIMOTHY M MARTIN
15 Apr 24
4
Joel D Keaton
6 Mar 24
144
Notice of proposed sale of securities
4 Mar 24
SC 13G/A
VANGUARD GROUP INC
13 Feb 24
SC 13G/A
PRINCIPAL REAL ESTATE INVESTORS LLC
13 Feb 24
SC 13G/A
FMR LLC
9 Feb 24
4
Jennifer Schulte
2 Feb 24
SC 13G/A
STATE STREET CORP
30 Jan 24
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 9.90 mm | 9.90 mm | 9.90 mm | 9.90 mm | 9.90 mm | 9.90 mm |
Cash burn (monthly) | 415.00 k | (no burn) | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | 2.83 mm | n/a | n/a | n/a | n/a | n/a |
Cash remaining | 7.07 mm | n/a | n/a | n/a | n/a | n/a |
Runway (months of cash) | 17.0 | n/a | n/a | n/a | n/a | n/a |
Institutional ownership, Q3 2023
95.3% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 405 |
Opened positions | 47 |
Closed positions | 40 |
Increased positions | 148 |
Reduced positions | 155 |
13F shares | Current |
---|---|
Total value | 8.13 tn |
Total shares | 214.31 mm |
Total puts | 190.60 k |
Total calls | 80.90 k |
Total put/call ratio | 2.4 |
Largest owners | Shares | Value |
---|---|---|
Vanguard | 31.77 mm | $1.21 tn |
BLK Blackrock | 25.68 mm | $979.05 bn |
FMR | 15.19 mm | $579.28 bn |
STT State Street | 12.36 mm | $477.29 bn |
JPM JPMorgan Chase & Co. | 6.76 mm | $257.94 bn |
T. Rowe Price Investment Management | 6.02 mm | $230.06 bn |
IVZ Invesco | 4.72 mm | $180.05 bn |
T. Rowe Price | 4.66 mm | $178.20 bn |
PFG Principal Financial Group Inc - Registered Shares | 4.40 mm | $167.63 bn |
Geode Capital Management | 4.12 mm | $157.22 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
15 Apr 24 | Marr Christopher P | Phantom Shares Common | Grant | Acquire A | No | No | 42.64 | 64 | 2.73 k | 5,400 |
15 Apr 24 | Jennifer Schulte | Phantom Shares Common | Grant | Acquire A | No | No | 42.64 | 10.59 | 451.56 | 895.992 |
15 Apr 24 | Martin Timothy M | Phantom Shares Common | Grant | Acquire A | No | No | 42.64 | 246 | 10.49 k | 20,807 |
4 Mar 24 | Joel D Keaton | Common Stock | Sell | Dispose S | No | No | 44.5776 | 8,026 | 357.78 k | 87,663 |
4 Mar 24 | Joel D Keaton | Common Stock | Option exercise | Acquire M | No | No | 25 | 8,026 | 200.65 k | 95,689 |
4 Mar 24 | Joel D Keaton | Stock Option Common | Option exercise | Dispose M | No | No | 25 | 8,026 | 200.65 k | 0 |
16 Jan 24 | Martin Timothy M | Phantom Shares Common | Grant | Acquire A | No | No | 45.23 | 229 | 10.36 k | 20,561 |
News
Wells Fargo Maintains Equal-Weight on CubeSmart, Raises Price Target to $46
5 Apr 24
Raymond James Reiterates Outperform on CubeSmart, Maintains $48 Price Target
28 Mar 24
Evaluating CubeSmart: Insights From 4 Financial Analysts
27 Mar 24
Barclays Initiates Coverage On CubeSmart with Equal-Weight Rating, Announces Price Target of $48
27 Mar 24
How Is The Market Feeling About CubeSmart?
25 Mar 24