CubeSmart CUBE
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Relative Strength Index (RSI)
- The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. It is typically used to identify overbought or oversold conditions in financial markets.
- The RSI is calculated using the following formula:
RSI = 100 - (100 / (1 + RS))
Where RS is the ratio of the average gains to the average losses over a specified period.
- The default time period used is 14 days.
- RSI values range between 0 and 100.
RSI values above 70 are considered overbought (indicating a potentially opportune time to sell)
RSI values below 30 are considered oversold (indicating a potentially opportune time to buy)
RSI is not a perfect indicator and should be used in conjunction with other technical analysis tools, this is for informational purposes only and is not a substitute for professional financial advice.
About
CubeSmart (CUBE) Business Model and Operations Summary
CubeSmart is a real estate investment trust that acquires, owns, and manages self-storage facilities throughout the United States. The company's real estate portfolio is composed of buildings with numerous enclosed storage areas for both residential and commercial customers to rent mainly on a month-by-month basis. Most of CubeSmart's facilities are located in Florida, Texas, California, New York, and Illinois. Cumulatively, these states account for both the majority of the square footage in the company's real estate portfolio and the majority of its revenue. The company derives nearly all of its revenue from rental income from tenants utilizing its storage facilities.
Key Insights
CubeSmart (CUBE) Core Market Data and Business Metrics
Latest Closing Price
$41.99Market Cap
$9.40 BillionPrice-Earnings Ratio
23.59Total Outstanding Shares
225.20 Million SharesTotal Employees
3,040Dividend
$0.52 Per Share QuarterlyIPO Date
October 22, 2004SIC Description
Real Estate Investment TrustsPrimary Exchange
New York Stock ExchangeHeadquarters
5 Old Lancaster Road, Malvern, PA, 19355
Historical Stock Splits
| Execution Date | Split Amount |
|---|---|
| No Historical Stock Splits | |
Short Interest
Short Interest
This information is bi-monthly aggregated short interest data reported to the Financial Industry Regulatory Authority (FINRA) by broker-dealers.
Average Daily Volume: The average number of shares traded per day over the specified period.
Days to Cover: The estimated number of days it would take to cover all short positions based on average trading volume.
Settlement Date: The date on which the short interest data is considered settled, typically based on exchange reporting schedules.
Short Interest: The total number of shares that have been sold short but have not yet been covered or closed out.
Track Short Interest Levels to Gauge Bearish Market Sentiment and Short Squeeze Potential
| Short Interest | Bi-Weekly Change (%) | Settlement Date | Days to Cover |
|---|---|---|---|
| 4,069,185 Shares | +10.25% | 3/14/2025 | 1.83 |
| 3,691,022 Shares | -5.84% | 2/28/2025 | 1.74 |
| 3,919,967 Shares | +4.66% | 2/14/2025 | 3.46 |
| 3,745,450 Shares | +11.87% | 1/31/2025 | 2.25 |
| 3,347,897 Shares | -0.07% | 1/15/2025 | 2.26 |
| 3,350,329 Shares | -9.90% | 12/31/2024 | 2.15 |
Cash Flow Statement
July 1, 2023 to June 30, 2024
| Metric | Value |
|---|---|
| Net Cash Flow From Financing Activities | $-536.01 Million |
| Net Cash Flow From Investing Activities, Continuing | $-100.93 Million |
| Net Cash Flow, Continuing | $-3.88 Million |
| Net Cash Flow From Financing Activities, Continuing | $-536.01 Million |
| Net Cash Flow From Investing Activities | $-100.93 Million |
| Net Cash Flow From Operating Activities | $633.07 Million |
Income Statement
July 1, 2023 to June 30, 2024
| Metric | Value |
|---|---|
| Costs And Expenses | $569.56 Million |
| Operating Expenses | $260.59 Million |
| Net Income/Loss Attributable To Redeemable Noncontrolling Interest | $2.37 Million |
| Income/Loss From Continuing Operations After Tax | $405.25 Million |
| Income/Loss Before Equity Method Investments | $401.24 Million |
| Basic Average Shares | $451.34 Million |
Comprehensive Income
July 1, 2023 to June 30, 2024
| Metric | Value |
|---|---|
| Other Comprehensive Income/Loss | $81,000 |
| Comprehensive Income/Loss Attributable To Parent | $403.88 Million |
| Comprehensive Income/Loss Attributable To Noncontrolling Interest | $1.45 Million |
| Comprehensive Income/Loss | $405.33 Million |
Balance Sheet
July 1, 2023 to June 30, 2024
| Metric | Value |
|---|---|
| Current Assets | $6.18 Billion |
| Current Liabilities | $3.34 Billion |
| Redeemable Noncontrolling Interest | $55.93 Million |
| Equity Attributable To Parent | $2.77 Billion |
| Noncurrent Liabilities | $0 |
| Intangible Assets | $1.33 Million |
Historical Dividends
Current dividend: $0.52 Per Share Quarterly
| Announcement Date | Payment Date | Record Date | Amount | Frequency |
|---|---|---|---|---|
| Feb 25, 2025 | Apr 15, 2025 | Apr 1, 2025 | $0.52 | Quarterly |
| Dec 13, 2024 | Jan 16, 2025 | Jan 2, 2025 | $0.52 | Quarterly |
| Jul 23, 2024 | Oct 15, 2024 | Oct 1, 2024 | $0.51 | Quarterly |
| May 21, 2024 | Jul 15, 2024 | Jul 1, 2024 | $0.51 | Quarterly |
| Mar 18, 2024 | Apr 15, 2024 | Apr 1, 2024 | $0.51 | Quarterly |
| Dec 7, 2023 | Jan 16, 2024 | Jan 2, 2024 | $0.51 | Quarterly |