CUBECubeSmart
Real Estate Investment Trusts
- Revenue
- $1.1B
- 5.3% YoY
- Operating margin
- —
- EBITDA
- —
- Market cap
- $9.7B
- Employees
- 503
- $2M revenue each
- Net debt / EBITDA
- —
- AI in 10-K
- 1.5
- mentions per 10K words
Takeover score 0 of 13
Fixable underperformance 0 of 7
- TSR below peersNo—3+ of last 5 years
- High CEO pay despite TSRNo—Median CEO pay ≥ $15M while TSR trails
- Earnings not backed by cashNo371% of net incomeCash flow under 80% of net income
- Dilutive SBCNo1% of revenueOver 10% of revenue
- Payouts exceed cash flowNo84% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyNo—Over 40% of assets
- Shareholder dissentNo88% lowest supportAny vote under 80% support
Buyer economics 0 of 4
- Low revenue per employeeNo$2M · 70th pctBottom quartile of its SIC industry
- Quiet on AINo1.5 per 10K words · 46th pctBottom quartile of AI mentions in 10-Ks
- Net cashNo—More cash than debt, positive EBITDA
- Buyout-sizedNo$9.7B market capMarket cap $500M–$5B
Catalysts 0 of 2
- Active 13DNo0 filingsActive-intent 13D in 18 months
- Net insider sellingNo−$7M netNet sales over $10M in 12 months
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $823M | $1.0B | $1.1B | $1.1B | $1.1B | 5.3% |
| Operating cash flow | $449M | $591M | $611M | $631M | $609M | 3.6% |
| Capex | — | — | — | $42M | — | |
| Stock-based comp | $8M | $9M | $10M | $11M | $12M | 0.5% |
| Buybacks | — | — | — | — | $32M | |
| Dividends | $274M | $387M | $442M | $462M | $476M | 3.1% |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $0 · 0
- Open-market sells, 12 mo
- $7M · 4
- Net
- −$7M
Pay vs performance
No pay-versus-performance disclosure yet.