CubeSmart CUBE
CubeSmart functions as an independent real estate investment trust (REIT), overseeing both its administration and management. The company's self-storage facilities deliver secure, convenient, and budget-friendly storage options for both private individuals and commercial entities. According to data from the 2020 Self-Storage Almanac, CubeSmart ranks among the top three owners and operators of self-storage properties nationwide.
Business overview written from the company's own Form 10-K (Item 1), filed 2026-02-27 — refreshed whenever it files a new one. The figures above are current; see its SEC filings. ✓ From the 10-K
Plain-English: the Snapshot is the quick read — what it pays you (yield, dividend), how its cash flow looks (FFO/AFFO, Price/OCF) and how much debt it carries. Switch to Expert in the header to hide these explanations.
Snapshot
Reported FFO / FFO, as adjusted / leverage are from the Q1 2026 earnings release (filed 2026-06-01) — 8-K, EX-99.1 ✓ Verified to filing.
Yield uses the latest declared dividend, annualized (latest regular payout × frequency; special/liquidating distributions excluded) — an announced-but-not-yet-declared change isn't reflected until it has an ex-date. FFO, AFFO and Net debt / Adj. EBITDA are the company's reported figures from its latest earnings 8-K. Price/OCF and payout use GAAP operating cash flow. NAV premium and credit ratings have no free source yet. See Methodology.
$10,000 invested
Illustrative income only, at today's price and latest declared dividend — it excludes price changes, dividend cuts and taxes. Not a forecast.
Model CUBE yourself — any amount, shares, per-payment & a multi-year DRIP projection →
Balance sheet (latest FY: 2025)
Debt-maturity ladder, fixed/floating split, secured/unsecured and coverage ratios come from the supplemental — not yet ingested.
Financial history
| FY | Revenue | Net income | D&A | EBITDA | Op. cash flow |
|---|---|---|---|---|---|
| 2025 | $1.12B | $333.78M | $258.15M | $703.57M | $611.67M |
| 2024 | $1.07B | $391.18M | $209.77M | $692.48M | $631.07M |
| 2023 | $1.05B | $410.76M | $205.38M | $710.88M | $611.14M |
| 2022 | $1.01B | $291.26M | $314.51M | $606.98M | $591.47M |
| 2021 | $822.56M | $223.48M | $240.22M | $471.03M | $449.19M |
| 2020 | $679.36M | $165.62M | $159.25M | $416.97M | $351.03M |
Dividends
Recent regular dividends per share (special distributions excluded), oldest → newest.
| Ex-date | Record | Payment | Declared | Amount | Freq. |
|---|---|---|---|---|---|
| 2026-10-01 | 2026-10-01 | 2026-10-15 | 2026-07-28 | $0.53 | Quarterly |
| 2026-07-01 | 2026-07-01 | 2026-07-15 | 2026-05-19 | $0.53 | Quarterly |
| 2026-04-01 | 2026-04-01 | 2026-04-15 | 2026-02-24 | $0.53 | Irregular |
| 2026-01-02 | 2026-01-02 | 2026-01-16 | 2025-12-15 | $0.53 | Quarterly |
| 2025-10-01 | 2025-10-01 | 2025-10-15 | 2025-07-29 | $0.52 | Quarterly |
| 2025-07-01 | 2025-07-01 | 2025-07-15 | 2025-05-20 | $0.52 | Quarterly |
| 2025-04-01 | 2025-04-01 | 2025-04-15 | 2025-02-25 | $0.52 | Irregular |
| 2025-01-02 | 2025-01-02 | 2025-01-16 | 2024-12-13 | $0.52 | Quarterly |
| 2024-10-01 | 2024-10-01 | 2024-10-15 | 2024-07-23 | $0.51 | Quarterly |
| 2024-07-01 | 2024-07-01 | 2024-07-15 | 2024-05-21 | $0.51 | Quarterly |
| 2024-03-28 | 2024-04-01 | 2024-04-15 | 2024-03-18 | $0.51 | Quarterly |
| 2023-12-29 | 2024-01-02 | 2024-01-16 | 2023-12-07 | $0.51 | Quarterly |
| 2023-09-29 | 2023-10-02 | 2023-10-16 | 2023-07-25 | $0.49 | Quarterly |
| 2023-06-30 | 2023-07-03 | 2023-07-17 | 2023-05-16 | $0.49 | Quarterly |
| 2023-03-31 | 2023-04-03 | 2023-04-17 | 2023-02-22 | $0.49 | Quarterly |
| 2022-12-30 | 2023-01-03 | 2023-01-17 | 2022-12-07 | $0.49 | Quarterly |
| 2022-09-30 | 2022-10-03 | 2022-10-17 | 2022-07-26 | $0.43 | Quarterly |
| 2022-06-30 | 2022-07-01 | 2022-07-15 | 2022-05-17 | $0.43 | Quarterly |
| 2022-03-31 | 2022-04-01 | 2022-04-18 | 2022-02-23 | $0.43 | Quarterly |
| 2021-12-31 | 2022-01-03 | 2022-01-18 | 2021-11-02 | $0.43 | Quarterly |
| 2021-09-30 | 2021-10-01 | 2021-10-15 | 2021-07-27 | $0.34 | Quarterly |
| 2021-06-30 | 2021-07-01 | 2021-07-15 | 2021-05-12 | $0.34 | Quarterly |
| 2021-03-31 | 2021-04-01 | 2021-04-15 | 2021-02-23 | $0.34 | Quarterly |
| 2020-12-31 | 2021-01-04 | 2021-01-15 | 2020-12-08 | $0.34 | Quarterly |
Coverage (payout of operating cash flow): 79.42%. Tax-character split (ordinary / 199A / capital gain / return of capital) — not disclosed (requires the annual allocation release).
Recent news — CUBE
AI Reality Check, Inflation Stress Test
CubeSmart Announces the Date of Its Third Quarter 2026 Earnings Release and Conference Call
Self Storage REITs Are Collecting Rent From Americans Who Cannot Let Go
14,017 CubeSmart $CUBE Shares Acquired by NewEdge Advisors LLC
1 Popular REIT To Sell And 1 Smaller REIT To Buy
My Biggest Allocation: I'm Going All-In On Real Estate
Waverly Advisors LLC Acquires New Shares in CubeSmart $CUBE
American Real Estate Pays For My Retirement
Headlines via Financial Modeling Prep; links open the original publisher in a new tab. Not an endorsement or investment advice.
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Same-store NOI, occupancy, leasing/WALT, top tenants, external-manager fees, development pipeline and (for non-traded vehicles) share-class fees, redemption/gating and NAV methodology are planned modules sourced from supplementals and prospectuses.