CubeSmart

CubeSmartverified

CUBE

Price:

$48.91

Market Cap:

$11.06B

CubeSmart is a self-administered and self-managed real estate investment trust. The Company's self-storage properties are designed to offer affordable, easily accessible and secure storage space for residential and commercial customers. According to the 2020 Self-Storage Almanac, CubeSmart is one of the top three owners and operators of self-storage properties in the United States.[Read more]

Industry

REIT - Industrial

IPO Date

2004-10-22

Stock Exchange

NYSE

Ticker

CUBE

The Current Ratio as of November 2024 (TTM) for CubeSmart (CUBE) is 2.45

According to CubeSmart’s latest financial reports and current stock price. The company's current Current Ratio is 2.45. This represents a change of 192.70% compared to the average of 0.84 of the last 4 quarters.

CubeSmart (CUBE) Historical Current Ratio (quarterly & annually)

How has CUBE Current Ratio performed in the past?

The mean historical Current Ratio of CubeSmart over the last ten years is 0.14. The current 2.45 Current Ratio has changed 180.36% with respect to the historical average. Over the past ten years (40 quarters), CUBE's Current Ratio was at its highest in in the September 2024 quarter at 2.45. The Current Ratio was at its lowest in in the December 2020 quarter at 0.02.

Quarterly (TTM)
Annual

Average

0.14

Median

0.06

Minimum

0.02

Maximum

0.62

CubeSmart (CUBE) Current Ratio by Quarter and Year

Discovering the peaks and valleys of CubeSmart Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 1.60%

Maximum Annual Current Ratio = 0.62

Minimum Annual Increase = -93.51%

Minimum Annual Current Ratio = 0.02

Quarterly (TTM)
Annual
YearCurrent RatioChange
20230.15389.64%
20220.03-74.02%
20210.11588.14%
20200.02-93.51%
20190.261.60%
20180.02-50.16%
20170.03-42.34%
20160.05-91.50%
20150.62719.17%
20140.08-36.71%

CubeSmart (CUBE) Average Current Ratio

How has CUBE Current Ratio performed in the past?

The current Current Ratio of CubeSmart (CUBE) is greater than its 3-year, greater than its 5-year, and greater than its 10-year historical averages

3-year avg

0.10

5-year avg

0.11

10-year avg

0.14

CubeSmart (CUBE) Current Ratio vs. Peers

How is CUBE’s Current Ratio compared to its peers?

CubeSmart’s Current Ratio is greater than Life Storage, Inc. (0.08), greater than Public Storage (0.97), greater than National Storage Affiliates Trust (1.77), greater than Prologis, Inc. (0.19), greater than Extra Space Storage Inc. (0.19), greater than EastGroup Properties, Inc. (0.46), greater than Rexford Industrial Realty, Inc. (0.79), greater than Plymouth Industrial REIT, Inc. (0.06), less than LXP Industrial Trust (32.81), less than Global Self Storage, Inc. (4.10), greater than First Industrial Realty Trust, Inc. (0.43), greater than STAG Industrial, Inc. (0.72),

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