CubeSmartCUBE -0.64%88 Net Margin % is 29.40% as of Mar. 2026, which is 8% above its 10-year median of 27.29. GuruFocus rates CUBE with a GF Score™ of 88/100 and a GF Value™ of $44.36 (Fairly Valued). The stock has 5 warning signs investors should review. Among 928 REITs companies, CubeSmart ranks worse than 64.22% on this metric.
Net margin is calculated as Net Income divided by its Revenue. CubeSmart's Net Income for the
three
months ended in Mar. 2026 was $83 Mil. CubeSmart's Revenue for the
three
months ended in Mar. 2026 was $282 Mil. Therefore, CubeSmart's net margin for the quarter that ended in Mar. 2026 was 29.40%.
The historical rank and industry rank for CubeSmart's Net Margin % or its related term are showing as below:
CUBE'
s Net Margin % Range Over the Past 10 Years
Min: 17.23 Med: 27.29 Max: 39.11
Current: 28.93
CUBE's Net Margin % is ranked worse than 64.22% of 928
companies
in the REITs industry
Industry Median: 45.23
vs CUBE: 28.93
CubeSmart (NYSE:CUBE) Net Margin % Explanation
Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.
But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.
CubeSmart Net Margin % Related Terms
CubeSmart Net Margin % Historical Data
* Premium members only.
The historical data trend for CubeSmart's Net Margin % 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.
For the REIT - Industrial subindustry, CubeSmart's Net Margin %, along with its competitors' market caps and Net Margin % 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 Net Margin % vs REITs Industry
For the REITs industry and Real Estate sector, CubeSmart's Net Margin % distribution charts can be found below:
* The bar in red indicates where CubeSmart's Net Margin % falls into.
* 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 (CUBE) has a Net Margin % of 29.40% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on CubeSmart and its competitors. This is near median its historical median of 27.29. Over the past decade, CubeSmart's Net Margin % has ranged from 17.23 to 39.11. According to the industry distribution chart, CubeSmart ranks #596 out of 928 companies in the REITs industry, placing it in the top 64.2%.
Is CubeSmart's Net Margin % too high?
CubeSmart's current Net Margin % of 29.40% is near median its 10-year median of 27.29. Over the past 10 years, this metric has ranged from a low of 17.23 to a high of 39.11. The REITs industry median Net Margin % is 45.23. CubeSmart's value of 29.40% is 35% below this industry median. Based on the distribution chart, CubeSmart ranks #596 out of 928 companies in the REITs industry, which is below the industry midpoint. Overall, CubeSmart has a GF Score™ of 88/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does CubeSmart's Net Margin % compare to FR and REXR?
According to the REITs industry distribution chart, CubeSmart ranks #596 out of 928 companies for Net Margin %. This places CubeSmart in the lower half of its industry. The industry median Net Margin % is 45.23. CubeSmart's value of 29.40% is 35% below this benchmark. Historically, CubeSmart's own Net Margin % has ranged from 17.23 to 39.11 over the past decade. While the company's 10-year median is 27.29 vs. the industry median of 45.23, CubeSmart has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Margin % for a REITs company?
The median Net Margin % among REITs companies is 45.23, based on 928 companies in the industry. Companies in the top quartile (top 25%) have a Net Margin % significantly above this median, while those in the bottom quartile fall well below. However, Net Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. CubeSmart's current Net Margin % of 29.40% is 35% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net Margin % mean?
A high Net Margin % can signal that a stock is expensive relative to its fundamentals. Net margin is the ratio of total net income to net sales. View historical data on CubeSmart and its competitors. For the REITs industry, the median Net Margin % is 45.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CubeSmart's current Net Margin % is 29.40%, which is near median its own 10-year median of 27.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CubeSmart stock overvalued right now?
Based on GuruFocus' analysis, CubeSmart (CUBE) is currently considered Fairly Valued. The stock's GF Value™ is $44.36, compared to a current price of $40.59 — trading 8.5% below its estimated fair value. The current Net Margin % is 29.40%, which is near median its 10-year median of 27.29 and 35% below the REITs industry median of 45.23. CubeSmart's overall GF Score™ is 88/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Margin % calculated?
Net Margin % is calculated from a company's financial statements. For CubeSmart (CUBE), the current Net Margin % is 29.40% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is CubeSmart (CUBE) Overvalued in 2026?
Based on GuruFocus' analysis, CubeSmart stock appears to be undervalued.
The current stock price of $40.59 is trading 8.5% below its estimated GF Value™ of $44.36.
GuruFocus considers CubeSmart to be Fairly Valued.
Key valuation signals for CUBE:
Net Margin %: 29.40% (near median its 10-year median of 27.29)
GF Value™: $44.36 vs. price of $40.59 (8.5% below fair value)
Industry Position: 35% below the REITs median (#596 of 928)
No single metric tells the full story. See the CUBE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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. Majority 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.
88GF Score
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