CubeSmart
S&P 500CUBE/Real Estate · REIT - Industrial/NYSE
Dividend Yield
5.19%
$2.10 · Annual Dividend
Dividend Safety Rating
CUBE's dividend appears safe and well-supported. Strengths include a 129.6 debt-to-equity & 40.3% operating margin. Areas of concern: 79.3% cfo payout ratio & 52.1% net debt / total assets. The dividend has been growing at a 9.36% 5-year CAGR. As a REIT, its payout is measured against FFO (funds from operations) rather than net income, since large non-cash depreciation makes the earnings payout ratio misleading.
Based on 15 of 15 metrics
Strengths
- Operating Margin: 40.3%Healthy operating margin provides a wide buffer.
- Gross Margin: 68.0%High gross margin signals strong pricing power.
- Dividend Streak: 11+ yrsLong, uninterrupted dividend track record.
Risks
- Current Ratio: 0.1xLimited short-term liquidity to meet obligations.
- CFO Payout Ratio: 79.3%Operating cash flow leaves little room for the payout.
- Net Debt / Total Assets: 52.1%Net debt is high relative to total assets.
Payout & Coverage
CautionBalance Sheet
WarningProfitability
SafeDividend Track Record
Very SafeAbout CubeSmart
CubeSmart is a real estate investment trust (REIT) that specializes in self-storage facilities. The primary function of CubeSmart is to own, operate, and develop storage solutions for individual consumers and businesses. This asset significantly impacts the real estate and logistics sectors by providing vital storage space solutions across the United States. As a REIT, CubeSmart is engaged in acquiring, managing, and enhancing self-storage properties, offering varied unit sizes to accommodate different storage needs, ranging from personal belongings to business inventory. CubeSmart's portfolio includes facilities in metropolitan areas, serving residential customers, small businesses, and large enterprises that require additional space beyond their operational premises. The REIT structure of CubeSmart requires it to distribute a large portion of its taxable earnings as dividends to shareholders, offering a consistent income stream. By positioning itself in a growing industry driven by consumer demand for storage solutions, CubeSmart plays a crucial role in the real estate market, offering investors exposure to the real estate sector's dynamic and resilient nature.
Dividend Overview
Dividend Yield
5.19%
Annual Dividend
$2.10
Frequency
Quarterly
Payout Ratio
146.85%
FCF Payout Ratio
78.28%
52-Week Range
$35.09 - $43.63
Dividend History (2016–2025)
CUBE annual dividend per share and yield history
Earnings & Profitability
CUBE earnings per share and net profit margin
Key Dates
Next Ex-Dividend Date
July 1, 2026
Next Payment Date
July 15, 2026
Dividend Growth
3-Year Dividend CAGR
5.33%
5-Year Dividend CAGR
9.36%
10-Year Dividend CAGR
11.67%
3-Year Total Growth
16.85%
5-Year Total Growth
56.39%
10-Year Total Growth
201.45%
Income Calculator
Frequently Asked Questions
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This page is not investment advice. The content is for informational purposes only and should not be construed as a recommendation to buy, sell, or hold any security. Always do your own research and consult a qualified financial advisor before making investment decisions.
Financial data, including dividend history, earnings, balance sheet metrics, and the Dividend Safety Rating, is provided for informational purposes only. Data may be delayed or differ from official filings. Past performance does not guarantee future results. Always verify with official sources before making investment decisions.
Market data provided by Twelve Data.