A confirmed technical breakout with strong margins and free-cash-flow conversion sits alongside three prior earnings misses, no competitive moat, and a price essentially at near-term resistance; the most recent quarterly beat is the pivotal data point for reassessing this name.
Thesis pillars
- Earnings Miss Streak Reversal↑Improving
- Strong Margin And Cash Quality→Stable
- Negative Price To Target Geometry→Stable
- +1 more pillar — see the Why tab for full reasoning
Pillars as of Jul 3, 2026, based on the 10-K filed Feb 27, 2026· older than 90 days
CubeSmart (CUBE) Stock Analysis
Real Estate · REIT - Industrial
Sell if holding. Analyst target reached at $45.89 — A.R:R is negative (-1.0) — price has exceeded the analyst target. Reward from here is too thin for a buy — the engine flags exit. Additional concerns: Near 52-week high (0.0% away).
CubeSmart owns 662 self-storage properties in 25 states and Washington D.C. containing 48.4 million rentable square feet, 88.1% occupied by approximately 399,000 customers at December 31, 2025. Revenue is collected via month-to-month leases; New York, Florida, Texas, and... Read more
Sell if holding. Analyst target reached at $45.89 — A.R:R is negative (-1.0) — price has exceeded the analyst target. Reward from here is too thin for a buy — the engine flags exit. Additional concerns: Near 52-week high (0.0% away). Chart setup: No clear chart pattern; technical signals are mixed. Score 5.1/10, high confidence.
Passes 7/8 gates (positive momentum, clean insider activity, no SEC red flags, news boost analyst 0.40, earnings proximity 112d clear, semi cycle peak clear, materials cycle peak clear). Fails on favorable risk/reward ratio. Suitability: moderate.
About CubeSmart
About CubeSmart
CubeSmart's 662 owned self-storage properties containing 48.4 million rentable square feet were 88.1% occupied, serving approximately 399,000 customers at December 31, 2025, spread across 25 states and Washington, D.C. New York stores generated the highest revenue share at 17% of 2025 total revenues, followed by Florida at 14%, Texas at 11%, and California at 10%. The company also managed 862 stores for third parties, bringing total owned and managed stores to 1,524.
CubeSmart collects monthly rental income from residential and commercial customers on month-to-month leases, with no single customer representing a significant concentration of revenues. Climate-controlled units are offered at 560 of the 662 owned stores—84.6%—and select stores provide outdoor vehicle and boat storage. Revenue is supplemented by management fees on 862 third-party stores, a platform that sources acquisition intelligence and deepens operator relationships in targeted markets. In February 2025, the company acquired its partner's 80% interest in HVP IV for $452.8 million, adding 28 stores concentrated in Texas, Illinois, Florida, and Connecticut. Key competitors named in the 10-K include Public Storage, Extra Space Storage, and National Storage Affiliates Trust, some of which operate significantly more stores and hold greater financial resources.
Show full overview
New York, Florida, Texas, and California together accounted for 52% of 2025 revenues, concentrating CubeSmart's exposure to localized downturns and adverse real estate conditions in these four states. The 10-K highlights Florida's hurricane and flooding risk and California's susceptibility to earthquakes and fires; the company does not carry insurance for floods or environmental hazards in some cases. The debt-to-total-enterprise-value ratio rose to approximately 29.3% at December 31, 2025 from 23.3% a year earlier, partly reflecting the HVP IV acquisition, which could increase sensitivity to capital-market conditions if the company pursues further acquisitions or refinancings.
See also: Real Estate · REIT - Industrial
From CubeSmart's most recent 10-K filing, extracted June 9, 2026.
Recent developments
updated Nov 3, 2026Recent Developments — CubeSmart
Latest news
- NEWS CubeSmart Insiders Sell Shares Worth Over $2.5 Million — fiscal.ai Nov 3, 2026 negative
- NEWS CubeSmart (CUBE) Surpasses Q3 FFO and Revenue Estimates - Yahoo Finance — Yahoo Finance Oct 29, 2026 positive
- NEWS CubeSmart Secures New $300 Million Term Loan Facility - TipRanks — TipRanks Oct 29, 2026 positive
- NEWS CubeSmart enters $300 million unsecured term loan maturing in 2031 By Investing.com - Investing.com South Africa — Investing.com South Africa Oct 29, 2026 neutral
- NEWS Form 8K CubeSmart For: 29 October By Investing.com - Investing.com South Africa — Investing.com South Africa Oct 29, 2026 neutral
Latest item Nov 3, 2026 · Generated 2026-11-05T11:59:09Z.
Upcoming dated catalysts
Thesis
Key Metrics
Quality Signals
Options Flow
Concentration Risks(10-K Item 1A)
- LOWGeographicNew York17%10-K Item 1A: 'Our stores in New York, Florida, Texas and California provided approximately 17%, 14%, 11% and 10%, respectively, of total revenues for the year ended December 31, 2025'
- LOWGeographicFlorida14%10-K Item 1A: 'Our stores in New York, Florida, Texas and California provided approximately 17%, 14%, 11% and 10%, respectively, of total revenues for the year ended December 31, 2025'
- LOWGeographicTexas11%10-K Item 1A: 'Our stores in New York, Florida, Texas and California provided approximately 17%, 14%, 11% and 10%, respectively, of total revenues for the year ended December 31, 2025'
- LOWGeographicCalifornia10%10-K Item 1A: 'Our stores in New York, Florida, Texas and California provided approximately 17%, 14%, 11% and 10%, respectively, of total revenues for the year ended December 31, 2025'
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Editorial policy
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Rating Breakdown
2 floor-breakers
Priced at a premium — multiples above sector norms. Needs delivery on growth + margins to justify.static
Technicals below the gate floor. Component breakdown shows what dragged the score down.static
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Sell if holding. Analyst target reached at $45.89 — A.R:R is negative (-1.0) — price has exceeded the analyst target. Reward from here is too thin for a buy — the engine flags exit. Additional concerns: Near 52-week high (0.0% away). Chart setup: No clear chart pattern; technical signals are mixed. Prior stop was $43.93. Score 5.1/10, high confidence.
Analyst target $39.04 reached (−14.9% from $45.89); no take-profit level is published. Prior stop was $43.93. Stop-loss: $43.93.
Analyst target reached - limited upside remaining; Near 52-week high (0.0% away); Sector modifier (Real Estate): -1.2.
CubeSmart trades at a P/E of 30.2 (forward 28.9). TrendMatrix value score: 3.2/10. Verdict: Sell.
25 analysts rate CUBE, with a consensus score of 3.6/5. 16 analysts publish price targets averaging $43.
What does CubeSmart do?CubeSmart owns 662 self-storage properties in 25 states and Washington D.C. containing 48.4 million rentable square...
CubeSmart owns 662 self-storage properties in 25 states and Washington D.C. containing 48.4 million rentable square feet, 88.1% occupied by approximately 399,000 customers at December 31, 2025. Revenue is collected via month-to-month leases; New York, Florida, Texas, and California contributed 17%, 14%, 11%, and 10% of 2025 total revenues, respectively. The company also manages 862 third-party stores.