CubeSmart (CUBE)
Owns U.S. self-storage properties and manages hundreds more for third-party owners.
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Earns rent from owned U.S. self-storage properties and fees from managing hundreds of stores for other owners. The management platform extends the brand, builds operating relationships, and can surface acquisition opportunities.
Owns, operates, develops, manages, and acquires self-storage properties across the United States. The core owned-store business leases storage space to residential and business customers, while the third-party-management platform earns fees by operating stores for outside owners.
Combines a national brand, service-oriented store operations, and SmartRental, its fully online rental platform. Managing hundreds of third-party locations extends operating scale and industry relationships, while giving the company direct knowledge of properties that may later become acquisition candidates.
Results depend on leasing physical storage space across U.S. markets and retaining the employees who run stores, sales centers, and headquarters functions. The management business also depends on maintaining relationships with outside property owners, which support both fee income and the acquisition pipeline.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Sep 21, 2026 | Evercore ISI | Target | Target: $47 | Target: $46 |
| Sep 2, 2026 | Mizuho Securities | Target | Target: $42 | Target: $41 |
| Aug 4, 2026 | RBC Capital | Reiterate | Rating: —Target: $46 | Target: $47 |
| Jul 24, 2026 | Wells Fargo | Reiterate | Rating: —Target: $39 | Target: $42 |
| Jul 15, 2026 | Raymond James | Target | Target: $50 | Target: $44 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $14.3M · Total debt $3.54B · Total assets $6.58B · Shareholders' equity $2.58B
- Revenue
- $286.5M
- Operating income
- $117.4M
- Net income
- $89.6M
HistoryDividendAnnual yieldUpcoming
| Institutions | ≈ 104.02% | 234.20M shares | |
|---|---|---|---|
| 528 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Insiders | 0.75% | 1.68M shares | |
| 16 holders · as of Jun 12, 2026 | |||
| Adds to | 104.77% | ||
225.16M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
These groups come from separate filings that can overlap, so they add to 104.77%; nothing is left for Other.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 15.07% | 33.92M | as of Jun 30, 2026 |
Vanguard Portfolio Management LLCInstitution | 8.66% | 19.50M | as of Jun 30, 2026 |
Norges BankInstitution | 5.43% | 12.24M | as of Jun 30, 2026 |
State Street CorpInstitution | 4.90% | 11.04M | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 4.55% | 10.24M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jun 10, 2026 | Christopher P. Marr | director, officer: CEO | −108,932 | $42.24 |
| Mar 3, 2026 | Jeffrey P. Foster | officer: CLO & Secretary | −23,148 | $41.02 |
| Dec 15, 2025 | Christopher P. Marr | director, officer: CEO | −679 | $36.55 |
| Dec 12, 2025 | Christopher P. Marr | director, officer: CEO | −46,925 | $36.55 |
- Extra Space Storage
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National scale across self-storage leasing, management, and acquisitions
- SmartStop Self Storage REIT
Owned-and-managed storage platform with broad U.S. overlap
- U-Haul
Scaled storage rival embedded in a moving-and-storage network
- Global Self Storage
Small listed REIT with direct regional self-storage overlap
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| CubeSmart | $39.59 | −0.34% | $8.99B | 27.4 | 25.3 | 7.9 | +1.5% |
| Extra Space Storage | $137.54 | +0.05% | $29.04B | 30.8 | 29.5 | 8.5 | +3.9% |
| Public Storage | $295.86 | −0.27% | $55.32B | 28.3 | 29.9 | 11.3 | +2.7% |
| SmartStop Self Storage REIT | $32.80 | +0.43% | $1.81B | 63.9 | 64.7 | 11.3 | +8.1% |
| U-Haul | $63.74 | +0.49% | $12.40B | 333.8 | 46.4 | 2.0 | +3.2% |
| Global Self Storage | $5.01 | 0.00% | $57.2M | 27.3 | 71.6 | 4.5 | +2.7% |
| Median | 30.8 | 46.4 | 8.5 | +3.2% |