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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.
2004
3.1K+
LTM Revenue $1.1B
LTM EBITDA $708M
$12.8B
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As of August 2025, CubeSmart reported last 12-month revenue of $1.1B and EBITDA of $708M.
In the same period, CubeSmart generated $754M in LTM gross profit and $358M in net income.
See CubeSmart valuation multiples based on analyst estimatesIn the most recent fiscal year, CubeSmart reported revenue of $1.1B and EBITDA of $692M.
CubeSmart expects next 12-month revenue of XXX and NTM EBITDA of XXX
See CubeSmart valuation multiples based on analyst estimates| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue | $1.1B | XXX | $1.1B | XXX | XXX | XXX |
| Gross Profit | $754M | XXX | $748M | XXX | XXX | XXX |
| Gross Margin | 69% | XXX | 70% | XXX | XXX | XXX |
| EBITDA | $708M | XXX | $692M | XXX | XXX | XXX |
| EBITDA Margin | 65% | XXX | 65% | XXX | XXX | XXX |
| EBIT | $505M | XXX | $483M | XXX | XXX | XXX |
| EBIT Margin | 46% | XXX | 45% | XXX | XXX | XXX |
| Net Profit | $358M | XXX | $391M | XXX | XXX | XXX |
| Net Margin | 33% | XXX | 37% | XXX | XXX | XXX |
| Net Debt | XXX | XXX | $2.9B | XXX | XXX | XXX |
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CubeSmart has current market cap of $9.4B, and EV of $12.8B.
As of September 12, 2025, CubeSmart's stock price is $41.
See CubeSmart trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $12.8B | $9.4B | XXX | XXX | XXX | XXX | $1.57 |
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Start Free TrialCubeSmart's trades at 12.0x EV/Revenue multiple, and 18.5x EV/EBITDA.
See valuation multiples for CubeSmart and 15K+ public compsAs of September 12, 2025, CubeSmart has market cap of $9.4B and EV of $12.8B.
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 26.2x.
| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $9.4B | XXX | $9.4B | XXX | XXX | XXX |
| EV (current) | $12.8B | XXX | $12.8B | XXX | XXX | XXX |
| EV/Revenue | 11.7x | XXX | 12.0x | XXX | XXX | XXX |
| EV/EBITDA | 18.1x | XXX | 18.5x | XXX | XXX | XXX |
| EV/EBIT | 25.3x | XXX | 26.5x | XXX | XXX | XXX |
| EV/Gross Profit | 17.0x | XXX | n/a | XXX | XXX | XXX |
| P/E | 26.2x | XXX | 24.0x | XXX | XXX | XXX |
| EV/FCF | 23.8x | XXX | 20.3x | XXX | XXX | XXX |
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Start Free TrialCubeSmart's last 12 month revenue growth is 4%
CubeSmart's revenue per employee in the last FY averaged $0.3M, while opex per employee averaged $0.1M for the same period.
CubeSmart's rule of 40 is 71% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
CubeSmart's rule of X is 74% (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
See operational valuation multiples for CubeSmart and other 15K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 4% | XXX | 4% | XXX | XXX | XXX |
| EBITDA Margin | 65% | XXX | 65% | XXX | XXX | XXX |
| EBITDA Growth | 4% | XXX | 0% | XXX | XXX | XXX |
| Rule of 40 | 71% | XXX | 69% | XXX | XXX | XXX |
| Bessemer Rule of X | XXX | XXX | 74% | XXX | XXX | XXX |
| Revenue per Employee | XXX | XXX | $0.3M | XXX | XXX | XXX |
| Opex per Employee | XXX | XXX | $0.1M | XXX | XXX | XXX |
| S&M Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| G&A Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| R&D Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| Opex to Revenue | XXX | XXX | 25% | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| Scentre Group | XXX | XXX | XXX | XXX | XXX | XXX |
| WOTSO Flexspace | XXX | XXX | XXX | XXX | XXX | XXX |
| Shurgard | XXX | XXX | XXX | XXX | XXX | XXX |
| General Shopping | XXX | XXX | XXX | XXX | XXX | XXX |
| HSI Renda Imobiliária | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
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CubeSmart acquired XXX companies to date.
Last acquisition by CubeSmart was XXXXXXXX, XXXXX XXXXX XXXXXX . CubeSmart acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Start Free Trial| When was CubeSmart founded? | CubeSmart was founded in 2004. |
| Where is CubeSmart headquartered? | CubeSmart is headquartered in United States of America. |
| How many employees does CubeSmart have? | As of today, CubeSmart has 3.1K+ employees. |
| Who is the CEO of CubeSmart? | CubeSmart's CEO is Mr. Christopher P. Marr. |
| Is CubeSmart publicy listed? | Yes, CubeSmart is a public company listed on NYS. |
| 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? | Similar companies to CubeSmart include e.g. Scentre Group, WOTSO Flexspace, Shurgard, General Shopping. |
| What is the current market cap of CubeSmart? | CubeSmart's current market cap is $9.4B |
| What is the current revenue of CubeSmart? | CubeSmart's last 12 months revenue is $1.1B. |
| What is the current revenue growth of CubeSmart? | CubeSmart revenue growth (NTM/LTM) is 4%. |
| What is the current EV/Revenue multiple of CubeSmart? | Current revenue multiple of CubeSmart is 11.7x. |
| 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 $708M. |
| What is CubeSmart's EBITDA margin? | CubeSmart's last 12 months EBITDA margin is 65%. |
| What is the current EV/EBITDA multiple of CubeSmart? | Current EBITDA multiple of CubeSmart is 18.1x. |
| What is the current FCF of CubeSmart? | CubeSmart's last 12 months FCF is $538M. |
| What is CubeSmart's FCF margin? | CubeSmart's last 12 months FCF margin is 49%. |
| What is the current EV/FCF multiple of CubeSmart? | Current FCF multiple of CubeSmart is 23.8x. |
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