What is CubeSmart Debt-to-Equity?
CubeSmart's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $0 Mil. CubeSmart's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $2,940 Mil. CubeSmart's Total Stockholders Equity for the quarter that ended in Sep. 2024 was $2,786 Mil.
CubeSmart's debt to equity for the quarter that ended in Sep. 2024 was 1.06.
A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.
The historical rank and industry rank for CubeSmart's Debt-to-Equity or its related term are showing as below:
CUBE'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.76 Med: 1.06 Max: 1.33
Current: 1.06
During the past 13 years, the highest Debt-to-Equity Ratio of CubeSmart was 1.33. The lowest was 0.76. And the median was 1.06.
CubeSmart Debt-to-Equity Historical Data
The historical data trend for CubeSmart's Debt-to-Equity 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 Debt-to-Equity Chart
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CubeSmart Annual Data
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Trend |
Dec14 |
Dec15 |
Dec16 |
Dec17 |
Dec18 |
Dec19 |
Dec20 |
Dec21 |
Dec22 |
Dec23 |
| Debt-to-Equity |
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1.07 |
1.33 |
1.12 |
1.08 |
1.07 |
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CubeSmart Quarterly Data
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Dec19 |
Mar20 |
Jun20 |
Sep20 |
Dec20 |
Mar21 |
Jun21 |
Sep21 |
Dec21 |
Mar22 |
Jun22 |
Sep22 |
Dec22 |
Mar23 |
Jun23 |
Sep23 |
Dec23 |
Mar24 |
Jun24 |
Sep24 |
| Debt-to-Equity |
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1.06 |
1.07 |
1.07 |
1.07 |
1.06 |
Competitive Comparison of CubeSmart's Debt-to-Equity
For the REIT - Industrial subindustry, CubeSmart's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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.
CubeSmart's Debt-to-Equity Distribution in the REITs Industry
For the REITs industry and Real Estate sector, CubeSmart's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where CubeSmart's Debt-to-Equity falls into.
CubeSmart Debt-to-Equity Calculation
Debt to Equity measures the financial leverage a company has.
CubeSmart's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as
CubeSmart's Debt to Equity Ratio for the quarter that ended in Sep. 2024 is calculated as
* 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 Business Description
Traded in Other Exchanges
Address
5 Old Lancaster Road, Malvern, PA, USA, 19355
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.
Executives
| 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 |
| Timothy M Martin |
officer: SVP & Chief Accounting Officer |
460 E. SWEDESFORD ROAD, SUITE 3000, WAYNE PA 19087 |
| Christopher P Marr |
officer: Chief Financial Officer |
460 E. SWEDESFORD ROAD, SUITE 3000, WAYNE PA 19087 |
| Joel D Keaton |
officer: Sr VP of Operations |
5 OLD LANCASTER ROAD, MALVERN PA 19355 |
| Jeffrey P Foster |
officer: Sr. VP - Chief Legal Officer |
460 EAST SWEDESFORD ROAD, SUITE 3000, WAYNE PA 19087 |
| Jit Kee Chin |
director |
ONE FEDERAL STREET, 23RD FLOOR, BOSTON MA 02110 |
| Jair K Lynch |
director |
5 OLD LANCASTER RD, 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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