CUBE's one year PEG ratio, measuring expected growth in earnings next year relative to current common stock price is 485.87 -- higher than 91.92% of US-listed equities with positive expected earnings growth.
Of note is the ratio of CubeSmart's sales and general administrative expense to its total operating expenses; only 9.48% of US stocks have a lower such ratio.
The ratio of debt to operating expenses for CubeSmart is higher than it is for about 90.17% of US stocks.
Stocks that are quantitatively similar to CUBE, based on their financial statements, market capitalization, and price volatility, are ACC, SBRA, SITC, IRET, and AIV.
CUBE's SEC filings can be seen here. And to visit CubeSmart's official web site, go to www.cubesmart.com.
CubeSmart engages in ownership, operation, acquisition and development of self-storage facilities. The company was founded in July 2004 and is based in Malvern, Pennsylvania.
CUBE Price Forecast Based on DCF Valuation
DCF Fair Value Target:
Below please find a table outlining a discounted cash flow forecast for CUBE, in which we model out valuation assuming a variety of terminal growth rates. To summarize, we found that CubeSmart ranked in the 63th percentile in terms of potential gain offered. More precisely, our analysis suggests the stock is undervalued by approximately 91.33% on a DCF basis. In terms of the factors that were most noteworthy in this DCF analysis for CUBE, they are:
CubeSmart's weighted average cost of capital (WACC) is 7%; for context, that number is higher than merely 20.98% of tickers in our DCF set.
CubeSmart's effective tax rate, as measured by taxes paid relative to net income, is at 0 -- greater than only 0% of US stocks with positive free cash flow.
The company's cost of debt, derived from its interest coverage, tax rate, and market capitalization, is greater than only 12.92% of stocks in its sector (Real Estate).
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
For other companies in the Real Estate that have a similar discounted cashflow valuation profile (and ensuing price forecasts) as CUBE, try ACC, APLE, DHC, GEO, and CHCI.
In its slide deck for the virtual REITweek, CubeSmart ([[CUBE]] +1.6%) reports rent collections for May were 93%.Same-store occupancy at the end of last month stood at 93.1%, up 10 basis points from a year earlier.Began to resume traditional operational processes on a state-by-state basis in mid-May as they reopened...
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of CubeSmart and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. Since 1 January 2019, Moody's practice has been to issue a press release following each periodic review to announce its completion.