CubeSmart (CUBE) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of CubeSmart stock $35.06, price $45.02, that is 22.1% below the price, quality 65 out of 100. Rating: overvalued. Calculated from audited financials with 16 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 7, 2026.
How to read this chart
60‑month range $29.46 – $49.93 · fair‑value band $18.06 – $51.73 · the $45.02 price screens above the $35.06 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 3 fiscal years are left out: there the valuation rested on only a fraction of the usual models. As of Nov 7, 2026.
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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.
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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.
Stock analysis
CubeSmart (CUBE) currently trades at $45.02, while our model-based Fair Value estimate is $35.06, 22% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of $40.19 per share, and 1 of the 16 models we run sit above the $45.02 price.
Bear case: the Asset-Based group reads lowest at $8.07, and 15 of the 16 models stay below the price. Data coverage for this calculation is high.
Scenario range: $18.06 (bear) to $51.73 (bull), the price of $45.02 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 65/100 (solid quality), in the Real Estate sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
CubeSmart reported revenue of $1.1B in FY2025 versus $823M in FY2021, a compound +8.1%/yr. Reported net income was $334M in FY2025, compounding +10.5%/yr from FY2021.
Key figures
Market cap $10.3B Large · P/E ratio 29.5 · P/S ratio 9.02 · EPS (TTM) $1.52 · Dividend yield 4.7% · Net margin 29.3% · Return on equity 12.0% · Return on assets (EBIT) 6.5% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 68 out of 100 (medium confidence).
What moves the price
The share trades about 2% below its 52-week high and 31% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at −32% fair-value upside, at −22%, CUBE screens cheaper than that median.
Fair Value models
Bear$18.06Fair Value $35.06Bull$51.73
Price $45.02 · Downside -22.1%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
In the last 6 months, 3 officers or directors sold shares worth $7.2M and none bought.
SaleJeffrey P FosterCLO & Secretary2× since Mar 3, 2026: 45,924 shares, avg. $42.36$1.9MNov 2, 2026
SaleTimothy M MartinCFO36,765 shares at $43.51$1.6MNov 2, 2026
SaleChristopher P MarrCEO, Director2× since Dec 12, 2025: 156,536 shares, avg. $40.51$6.3MJun 10, 2026
Plus 11 other filings such as grants, option exercises or tax withholding. They are not market purchases or sales.
Sales are often planned (taxes, diversification, 10b5-1 plans). Purchases with their own money are seen as the stronger sign. For information only: not part of the quality score or Fair Value.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.92/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+5.3%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+3.6%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+10.6%
Start year 2020 (pandemic). Over 10 years: +9.7% a year
Revenue growth 25 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+13.0%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
+15.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year+10.5%
Dividend (yield on the price)4.7%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.10.5% vs 12.3%, steady
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.61% → 40%
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
A lot of optimism in the price
The price assumes about as much growth as the company has delivered so far and more than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+13.3%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+2.6%
Yearly sales growth analysts expect, extended to five years.
After inflation (USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about +10.7% a year for the price and +0.2% for the forecasts.
News mood ⓘNews mood, the average tone of recent news (96 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Hype
Recent news coverage is unusually upbeat, far more positive than stocks are typically covered.
AI conclusion: REIT scale and occupancy economics deliver moderate durability, while absent innovation signals and weak human capital limit further resilience.
Main risk: Rivals incorporating generative AI more quickly or successfully than CubeSmart could impair its ability to compete effectively in revenue management, customer acquisition and operational efficiency.
Bull case: CubeSmart could leverage its own AI deployments and digital tactics to enhance pricing precision and customer experience, turning technology adoption into a competitive advantage over slower peers.
Bear case: If larger rivals accelerate AI-driven efficiencies and pricing while CubeSmart lags, its same-store revenue growth and NOI margins could erode as customers shift to more competitive or convenient alternatives.
CubeSmart has formed a joint venture with Heitman to contribute non-core stores and fund share repurchases while sharpening its owned portfolio. Recent quarters have shown same-store revenue growth turning positive yet still trailed by faster-rising operating expenses. Will the capital-recycling steps deliver more durable NOI improvement than the expense headwinds subtract?
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.REIT - Industrial · 51 stocks
Beats the industry median on 3/15 measures
Overall it trails its industry peers.
Valuation
Quality Score65 · Above median
Fair Value upside−22.1% · Below median
Profitability
Return on equity (12 months)12.0% · Top 25%
Return on assets5.0% · Above median
Net margin (12 months)29.3% · Bottom 25%
Operating margin (12 months)41.1% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)1.5% · Below median
Dividend yield (12 months)4.7% · Below median
Balance sheet
Debt / equity1.11× · Highest 25%
Valuation Multiplesvs REIT - Industrial median · lower = cheaper
P/E (12 months)29.5× · Priciest 25%
P/B3.78× · Priciest 25%
P/S (12 months)9.02× · Pricier than median
Price / free cash flow (fiscal year)18.1× · Pricier than median
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "CubeSmart Fair Value". https://www.fairvalue-calculator.com/stock/CUBE
Frequently asked questions
Is CubeSmart (CUBE) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of $35.06 versus a price of $45.02, about 22% lower (overvalued).
What is the fair value of CUBE?
Our model-based fair value for CubeSmart is $35.06 (as of Nov 7, 2026), built from audited fundamentals. The current price: $45.02.
What is the quality score of CUBE?
CubeSmart has a Quality Score of 65/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for CubeSmart (CUBE)?
Our model-based price target is the fair value of $35.06 (as of Nov 7, 2026) from 16 valuation models. Cautious scenario $18.06, optimistic scenario $51.73. It is a calculation from audited fundamentals, not an analyst target.
What is the CubeSmart stock forecast for 2026?
Our models put fair value at $35.06, about 22% lower versus a price of $45.02 (overvalued). Cautious scenario $18.06, optimistic scenario $51.73. The calculation is refreshed regularly with new filings.
What is the revenue of CubeSmart (CUBE)?
CubeSmart reported trailing-twelve-month revenue of about $1.1B (latest available figure, as of Nov 7, 2026).
Does CubeSmart pay a dividend?
CubeSmart currently shows a dividend yield of 4.69% relative to its recent price (as of Nov 7, 2026).
How much is the dividend of CubeSmart (CUBE) and when is the ex-dividend date?
CubeSmart pays a dividend of $2.11 per share a year, a dividend yield of 4.7%. The last ex-dividend date was Oct 1, 2026. A dividend has been paid every year since at least 2005. The payout ratio is 139% of earnings. Free cash flow covers the dividend 1.19 times. Our assessment: Payout strained. The dividend exceeds reported earnings (though reported profit is often depressed by one-off charges), and free cash flow only just covers it (or coverage is unknown). Not an emergency, but little room for error.
What growth is priced into CubeSmart (CUBE)?
For today's price to be fair in a discounted-cash-flow model, CubeSmart would have to grow free cash flow by +13.3 % per year for five years (discount rate 9.8 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +10.6 % per year. As of Nov 7, 2026.
What discount rate (WACC) does the fair value of CUBE use?
Our models discount CubeSmart at 9.8 %: a base by market capitalisation (mid), damped by beta 1.04, country premium for USA. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For CubeSmart that is +13.3 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (9.8 %) and the same formula as our fair value.
How much growth has CubeSmart (CUBE) delivered so far?
Over the past 5 years revenue at CubeSmart grew +10.6 % a year. The price currently implies free-cash-flow growth of +13.3 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of CubeSmart (CUBE) growing?
The median revenue growth in the sector is +2.7 % a year. That is the yardstick for the growth priced into CubeSmart (+13.3 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of CubeSmart (CUBE)?
The free-cash-flow yield on the price is 5.52 %: that much free cash flow CubeSmart produces per unit of market value. When it exceeds the discount rate of our models (9.8 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of CubeSmart (CUBE)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For CubeSmart it is $35.06 per share (as of Nov 7, 2026), against a price of $45.02. It is the blended result of 16 valuation models in 6 families (DCF Models, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit).
Is CubeSmart stock overvalued or undervalued in 2026?
As of Nov 7, 2026, CUBE trades above its calculated fair value: price $45.02, fair value $35.06, a gap of about −22% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of CUBE?
No. The price is what the market pays today ($45.02); the fair value is what the company's own numbers justify ($35.06). For CubeSmart the two are $9.96 per share apart. That gap is exactly why we show both numbers side by side.
How much is CubeSmart worth?
The market values CubeSmart at about $10.3B (market capitalisation, as of Nov 7, 2026). Per share that is $45.02; our models calculate a fair value of $35.06 per share.
What do the bullish and bearish scenarios say about CUBE?
Our models span a range for CubeSmart: cautious scenario $18.06, base $35.06, optimistic $51.73 per share (as of Nov 7, 2026, price $45.02). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of CUBE?
CubeSmart trades at a price-to-earnings ratio of 29.5 (as of Nov 7, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $35.06 is built from several models across several years. Median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings, 4 of the years ex one-offs: 34.1. Other multiples: PEG 5.3, P/B 3.8, P/S 9.0, EV/EBITDA 18.9.
What is the PEG ratio of CUBE?
The PEG ratio of CubeSmart is 5.33 (P/E divided by earnings growth, as of Nov 7, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of CubeSmart (CUBE)?
Balance-sheet figures for CubeSmart (as of Nov 7, 2026): return on equity 12.0%, debt of 1.11 per unit of equity. They feed the Quality Score of 65/100, which measures business quality independently of the share price.
How far is CUBE from its 52-week high?
CubeSmart trades at $45.02, about 2% below its 52-week high of $45.89 and 31% above the low of $34.34 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of $35.06 is for.
Which stocks are comparable to CubeSmart?
From the same area (Real Estate) we also value Prologis, Inc, Public Storage, Extra Space Storage Inc, EastGroup Properties, Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is CubeSmart stock attractive at the current price?
The data as of Nov 7, 2026: price $45.02, calculated fair value $35.06 (−22%), Quality Score 65/100, from 16 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of CUBE calculated?
We run CubeSmart through 16 models from 6 families: DCF Models, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit. Every model gets the same audited fundamentals; the fair value of $35.06 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.0% above its aggregate fair value. CubeSmart itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of CubeSmart (CUBE)?
The closing price on Nov 6, 2026 was $45.02. Our model-based fair value is $35.06, about 22% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with CubeSmart right now?
The model range is unusually wide ($18.06 to $51.73). The outcome hinges heavily on assumptions, so read the point estimate with caution. Solid but not exceptional quality (65/100) and above fair value, neither a clear bargain nor a standout compounder. As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
Where does the earnings growth of CubeSmart (CUBE) come from?
Earnings per share at CubeSmart grew +19.8 % a year from 2013 to 2024. Broken into its drivers: revenue per share +7.1 %, EBIT margin +7.8 %, tax rate +1.4 %, residual (interest, one-offs) +2.4 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of CubeSmart
How large is the market capitalisation of CubeSmart (CUBE)?
The market capitalisation of CubeSmart is $10.3B. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of CubeSmart (CUBE)?
The price-to-sales ratio of CubeSmart is 9.02 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of CubeSmart (CUBE)?
Earnings per share at CubeSmart are $1.52 (price ÷ EPS = P/E 29.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of CubeSmart (CUBE)?
The dividend yield of CubeSmart is 4.7% (payout 139%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of CubeSmart (CUBE)?
The net margin of CubeSmart is 29.3% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of CubeSmart (CUBE)?
The return on equity (ROE) of CubeSmart is 12.0% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of CubeSmart (CUBE)?
On an EBIT basis the return on assets of CubeSmart is 6.5% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of CubeSmart (CUBE)?
The operating margin of CubeSmart is 41.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at CubeSmart (CUBE)?
Revenue at CubeSmart is growing +1.5% versus a year earlier (3y avg +3.6%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at CubeSmart (CUBE)?
Earnings per share at CubeSmart are growing +8.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does CubeSmart (CUBE) carry?
The net debt of CubeSmart is $3.5B (fiscal year 2025, ≈ 6.2 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Broad data
Nov 7, 2026