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CubeSmart Valuation Multiples
Discover revenue and EBITDA valuation multiples for CubeSmart and similar public comparables like CTP, Lineage, Alexandria Real Estate, Boston Properties and more.
CubeSmart Overview
About CubeSmart
CubeSmart is a real estate investment trust that acquires, owns, and manages self-storage facilities throughout the United States. The company's real estate portfolio is composed of buildings with numerous enclosed storage areas for both residential and commercial customers to rent mainly on a month-by-month basis. Majority of CubeSmart's facilities are located in Florida, Texas, California, New York, and Illinois. Cumulatively, these states account for both the majority of the square footage in the company's real estate portfolio and the majority of its revenue. The company derives nearly all of its revenue from rental income from tenants utilizing its storage facilities.
Founded
2004
HQ
Employees
3.1K
Website
Sectors
Financials (LTM)
EV
$13B
CubeSmart Financials
CubeSmart reported last 12-month revenue of $1B and EBITDA of $711M.
In the same LTM period, CubeSmart generated $711M in EBITDA and $332M in net income.
Revenue (LTM)
CubeSmart P&L
In the most recent fiscal year, CubeSmart reported revenue of $1B and EBITDA of $711M.
CubeSmart expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $1B | XXX | $1B | XXX | XXX | XXX |
| Gross Profit | — | XXX | $772M | XXX | XXX | XXX |
| Gross Margin | — | XXX | 69% | XXX | XXX | XXX |
| EBITDA | $711M | XXX | $711M | XXX | XXX | XXX |
| EBITDA Margin | 63% | XXX | 63% | XXX | XXX | XXX |
| EBIT Margin | 40% | XXX | 40% | XXX | XXX | XXX |
| Net Profit | $332M | XXX | $334M | XXX | XXX | XXX |
| Net Margin | 30% | XXX | 30% | XXX | XXX | XXX |
| Net Debt | — | — | $3B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
CubeSmart Stock Performance
CubeSmart has current market cap of $10B, and enterprise value of $13B.
Market Cap Evolution
CubeSmart's stock price is $41.84.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $13B | $10B | 0.0% | XXX | XXX | XXX | $1.46 |
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Start Free TrialCubeSmart Valuation Multiples
CubeSmart trades at 11.6x EV/Revenue multiple, and 18.3x EV/EBITDA.
EV / Revenue (LTM)
CubeSmart Financial Valuation Multiples
As of March 30, 2026, CubeSmart has market cap of $10B and EV of $13B.
Equity research analysts estimate CubeSmart's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
CubeSmart has a P/E ratio of 28.8x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $10B | XXX | $10B | XXX | XXX | XXX |
| EV (current) | $13B | XXX | $13B | XXX | XXX | XXX |
| EV/Revenue | 11.6x | XXX | 11.6x | XXX | XXX | XXX |
| EV/EBITDA | 18.3x | XXX | 18.3x | XXX | XXX | XXX |
| EV/EBIT | 29.2x | XXX | 29.0x | XXX | XXX | XXX |
| EV/Gross Profit | — | XXX | 16.9x | XXX | XXX | XXX |
| P/E | 28.8x | XXX | 28.6x | XXX | XXX | XXX |
| EV/FCF | 22.7x | XXX | 21.4x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified CubeSmart Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
CubeSmart Margins & Growth Rates
CubeSmart's revenue in the last 12 month grew by 1%.
CubeSmart's revenue per employee in the last FY averaged $0.4M, while opex per employee averaged $0.1M for the same period.
CubeSmart's rule of 40 is 64% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
CubeSmart's rule of X is 64% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
CubeSmart Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 1% | XXX | 0% | XXX | XXX | XXX |
| EBITDA Margin | 63% | XXX | 63% | XXX | XXX | XXX |
| EBITDA Growth | 1% | XXX | 0% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 64% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 64% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.4M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.1M | XXX | XXX | XXX |
| G&A Expenses to Revenue | 6% | XXX | 6% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 29% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
CubeSmart Public Comps
See public comps and valuation multiples for other Buildings & Property comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| CTP | XXX | XXX | XXX | XXX | XXX | XXX |
| Lineage | XXX | XXX | XXX | XXX | XXX | XXX |
| Alexandria Real Estate | XXX | XXX | XXX | XXX | XXX | XXX |
| Boston Properties | XXX | XXX | XXX | XXX | XXX | XXX |
| Balder | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
CubeSmart M&A Activity
CubeSmart acquired XXX companies to date.
Last acquisition by CubeSmart was on XXXXXXXX, XXXXX. CubeSmart acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by CubeSmart
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialCubeSmart Investment Activity
CubeSmart invested in XXX companies to date.
CubeSmart made its latest investment on XXXXXXXX, XXXXX. CubeSmart invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by CubeSmart
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout CubeSmart
| When was CubeSmart founded? | CubeSmart was founded in 2004. |
| Where is CubeSmart headquartered? | CubeSmart is headquartered in United States. |
| How many employees does CubeSmart have? | As of today, CubeSmart has over 3K employees. |
| Who is the CEO of CubeSmart? | CubeSmart's CEO is Christopher P. Marr. |
| Is CubeSmart publicly listed? | Yes, CubeSmart is a public company listed on NYSE. |
| What is the stock symbol of CubeSmart? | CubeSmart trades under CUBE ticker. |
| When did CubeSmart go public? | CubeSmart went public in 2004. |
| Who are competitors of CubeSmart? | CubeSmart main competitors are CTP, Lineage, Alexandria Real Estate, Boston Properties. |
| What is the current market cap of CubeSmart? | CubeSmart's current market cap is $10B. |
| What is the current revenue of CubeSmart? | CubeSmart's last 12 months revenue is $1B. |
| What is the current revenue growth of CubeSmart? | CubeSmart revenue growth (NTM/LTM) is 1%. |
| What is the current EV/Revenue multiple of CubeSmart? | Current revenue multiple of CubeSmart is 11.6x. |
| Is CubeSmart profitable? | Yes, CubeSmart is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of CubeSmart? | CubeSmart's last 12 months EBITDA is $711M. |
| What is CubeSmart's EBITDA margin? | CubeSmart's last 12 months EBITDA margin is 63%. |
| What is the current EV/EBITDA multiple of CubeSmart? | Current EBITDA multiple of CubeSmart is 18.3x. |
| What is the current FCF of CubeSmart? | CubeSmart's last 12 months FCF is $573M. |
| What is CubeSmart's FCF margin? | CubeSmart's last 12 months FCF margin is 51%. |
| What is the current EV/FCF multiple of CubeSmart? | Current FCF multiple of CubeSmart is 22.7x. |
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