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CubeSmart's book value per share for the quarter that ended in Mar. 2024 was $12.37.
During the past 12 months, CubeSmart's average Book Value Per Share Growth Rate was -1.00% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 10.30% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 8.30% per year. During the past 10 years, the average Book Value Per Share Growth Rate was 4.40% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the book value growth rate using book value per share data.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of CubeSmart was 43.20% per year. The lowest was -11.80% per year. And the median was 3.15% per year.
CubeSmart's current price is $42.55. Its book value per share for the quarter that ended in Mar. 2024 was $12.37. Hence, today's PB Ratio of CubeSmart is 3.44.
During the past 13 years, the highest P/B Ratio of CubeSmart was 5.99. The lowest was 2.00. And the median was 3.23.
The historical data trend for CubeSmart's Book Value per Share can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
CubeSmart Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Book Value per Share | Get a 7-Day Free Trial | 9.30 | 9.28 | 12.82 | 12.58 | 12.44 |
CubeSmart Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Book Value per Share | Get a 7-Day Free Trial | 12.50 | 12.46 | 12.48 | 12.44 | 12.37 |
For the REIT - Industrial subindustry, CubeSmart's PB Ratio, along with its competitors' market caps and PB Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
For the REITs industry and Real Estate sector, CubeSmart's PB Ratio distribution charts can be found below:
* The bar in red indicates where CubeSmart's PB Ratio falls into.
CubeSmart's Book Value Per Share for the fiscal year that ended in Dec. 2023 is calculated as:
Book Value Per Share | = | (Total Stockholders Equity | - | Preferred Stock) | / | Shares Outstanding (EOP) |
= | (2,799 | - | 0) | / | 225 | |
= | 12.44 |
CubeSmart's Book Value Per Share for the quarter that ended in Mar. 2024 is calculated as:
Book Value Per Share | = | (Total Stockholders Equity | - | Preferred Stock) | / | Shares Outstanding (EOP) |
= | (2,782 | - | 0) | / | 225 | |
= | 12.37 |
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Theoretically it is what the shareholders will receive if the company is liquidated. Total Stockholders Equity is a balance sheet item and equal to Total Assets less Total Liabilities of the company.
Book value may include intangible items which may come from the company's past acquisitions. Book value less intangibles is called Tangible Book.
CubeSmart (NYSE:CUBE) Book Value per Share Explanation
Usually a company's book value and Tangible Book per Share may not reflect its true value. The assets may be carried on the balance sheets at the original cost minus depreciation. This may underestimate the true economic values of the assets. It also may over-estimate their true economic value because the assets can become obsolete.
For financial companies such as banks and insurance companies, their assets may be reported in current market value of the assets owned. Book values of financial companies are more accurate indicator of the economic value of the company.
Thank you for viewing the detailed overview of CubeSmart's Book Value per Share provided by GuruFocus.com. Please click on the following links to see related term pages.
Christopher P Marr | officer: Chief Financial Officer | 460 E. SWEDESFORD ROAD, SUITE 3000, WAYNE PA 19087 |
Jeffrey P Foster | officer: Sr. VP - Chief Legal Officer | 460 EAST SWEDESFORD ROAD, SUITE 3000, WAYNE PA 19087 |
Timothy M Martin | officer: SVP & Chief Accounting Officer | 460 E. SWEDESFORD ROAD, SUITE 3000, WAYNE PA 19087 |
Matthew D Denarie | officer: Chief Accounting Officer | 5 OLD LANCASTER ROAD, MALVERN PA 19355 |
Jennifer Schulte | officer: Chief Human Resources Officer | 5 OLD LANCASTER ROAD, MALVERN PA 19355 |
Jit Kee Chin | director | ONE FEDERAL STREET, 23RD FLOOR, BOSTON MA 02110 |
Jair K Lynch | director | 5 OLD LANCASTER RD, MALVERN PA 19355 |
Joel D Keaton | officer: Sr VP of Operations | 5 OLD LANCASTER ROAD, MALVERN PA 19355 |
Marianne M Keler | director | 12061 BLUEMONT WAY, RESTON VA 20190 |
Jonathan L Perry | officer: SVP and CIO | 5 OLD LANCASTER ROAD, MALVERN PA 19355 |
Dororthy Dowling | director | 5 OLD LANCASTER ROAD, MALVERN PA 19355 |
Diefenderfer William M Iii | director | 300 CONTINENTAL DRIVE, NEWARK DE 19713 |
Dean Jernigan | director, officer: CEO and President | C/O FARMLAND PARTNERS INC., 8670 WOLFF COURT, SUITE 240, WESTMINSTER CO 80031 |
Deborah Ratnersalzberg | director | 301 WATER ST SE SUITE 201, WASHINGTON DC 20003 |
John W Fain | director | 1000 SEMMES AVE, RICHMOND VA 23224 |
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