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CubeSmart 3-Year Dividend Growth Rate

: 5.90% (As of Jun. 2022)
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CubeSmart's Dividends per Share for the three months ended in Jun. 2022 was $0.43.

The historical rank and industry rank for CubeSmart's 3-Year Dividend Growth Rate or its related term are showing as below:

CUBE' s 3-Year Dividend Growth Rate Range Over the Past 10 Years
Min: -55.8   Med: 20.9   Max: 73.5
Current: 5.9

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of CubeSmart was 73.50% per year. The lowest was -55.80% per year. And the median was 20.90% per year.

CUBE's 3-Year Dividend Growth Rate is ranked better than
79.6% of 554 companies
in the REITs industry
Industry Median: -1.70 vs CUBE: 5.90

During the past 12 months, CubeSmart's average Dividends Per Share Growth Rate was 20.70% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 5.90% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 8.90% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 18.40% 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 average dividends per share growth rate.

CubeSmart's Dividend Payout Ratio for the three months ended in Jun. 2022 was 1.65. As of today, CubeSmart's Dividend Yield % is 3.22%.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of CubeSmart is 1.52, which seems too high.

For more information regarding to dividend, please check our Dividend Page.


Competitive Comparison

For the REIT - Industrial subindustry, CubeSmart's 3-Year Dividend Growth Rate, along with its competitors' market caps and 3-Year Dividend Growth Rate 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 3-Year Dividend Growth Rate Distribution

For the REITs industry and Real Estate sector, CubeSmart's 3-Year Dividend Growth Rate distribution charts can be found below:

* The bar in red indicates where CubeSmart's 3-Year Dividend Growth Rate falls into.



CubeSmart 3-Year Dividend Growth Rate Calculation

This is the average annual rate that a company has been raising its dividends. The growth rate is calculated with expontential compound based on the latest four year annual data.

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 average dividends per share growth rate.


CubeSmart  (NYSE:CUBE) 3-Year Dividend Growth Rate Explanation

1. Dividend Payout Ratio measures the percentage of the company's earnings paid out as dividends.

CubeSmart's Dividend Payout Ratio for the quarter that ended in Jun. 2022 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Jun. 2022 )/ EPS without NRI (Q: Jun. 2022 )
=0.43/ 0.26
=1.65

During the past 13 years, the highest Dividend Payout Ratio of CubeSmart was 15.33. The lowest was 1.33. And the median was 1.57.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of CubeSmart is 1.52, which seems too high.

2. Dividend Yield % measures how much a company pays out in dividends each year relative to its share price.

CubeSmart Recent Full-Year* Dividend History

Amount Ex-date Record Date Pay Date Type Frequency Forex Rate
USD 0.4302022-06-302022-07-012022-07-15Cash DividendquarterlyUSD:USD 1.000000
USD 0.4302022-03-312022-04-012022-04-18Cash DividendquarterlyUSD:USD 1.000000
USD 0.4302021-12-312022-01-032022-01-18Cash DividendquarterlyUSD:USD 1.000000
USD 0.3402021-09-302021-10-012021-10-15Cash DividendquarterlyUSD:USD 1.000000

* GuruFocus has an internal rule that if the most recent dividend payment frequency is at least 4 times a year, then the full year will be calculated according to the frequency of payment or the one-year time frame, whichever is stricter.
* GuruFocus converts dividend currency to local traded share price currency in order to calculate dividend yield. Please refer to the last column "Forex Rate" in the above table.

CubeSmart's Dividend Yield (%) for Today is calculated as

Dividend Yield %=Most Recent Full Year Dividend/Current Share Price
=1.63/50.61
=3.22 %

Current Share Price is $50.61.
CubeSmart's Dividends per Share for the trailing twelve months (TTM) ended in Today is $1.63.

During the past 13 years, the highest Dividend Yield of CubeSmart was 6.09%. The lowest was 2.18%. And the median was 2.91%.

* 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 3-Year Dividend Growth Rate Related Terms>


CubeSmart Business Description

CubeSmart logo
Industry
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. CubeSmart derives nearly all of its revenue from rental income from tenants utilizing its storage facilities.
Executives
Lynch Jair K director 5 OLD LANCASTER RD MALVERN PA 19355
Keaton Joel D officer: Sr VP of Operations 5 OLD LANCASTER ROAD MALVERN PA 19355
Dowling Dororthy director 5 OLD LANCASTER ROAD MALVERN PA 19355
Perry Jonathan L officer: SVP and CIO 5 OLD LANCASTER ROAD MALVERN PA 19355
Ratnersalzberg Deborah director 301 WATER ST SE SUITE 201 WASHINGTON DC 20003
Fain John W director 1000 SEMMES AVE RICHMOND VA 23224
Rogatz Jeffrey F director
Blatz Robert G officer: SR VP of Operations 29399 US HWY STE 320 CLEARWATER FL 33761
Bussani Piero director 460 EAST SWEDESFORD ROAD SUITE 3000 WAYNE PA 19087
Remondi John F director 300 CONTINENTAL DRIVE NEWARK DE 19713
Foster Jeffrey P officer: Sr. VP - Chief Legal Officer 460 EAST SWEDESFORD ROAD SUITE 3000 WAYNE PA 19087
Amsdell & Amsdell other: Member of 13d group owning 10% 20445 EMERALD PARKWAY DRIVE SW SUITE 220 CLEVELAND OH 44135
Amsdell Holdings I Inc. other: Member of 13d group owning 10% 20445 EMERALD PARKWAY DRIVE SW SUITE 220 CLEVELAND OH 44135
Amsdell Real Estate Trust Dated 10/3/89 other: Member of 13d group owning 10% 20445 EMERALD PARKWAY DRIVE SW SUITE 220 CLEVELAND OH 44135
Andrews Charles Elliott director C/O H&R BLOCK ONE H&R BLOCK WAY KANSAS CITY MO 64105

CubeSmart Headlines

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