CubeSmartCUBE +1.53%88 Pretax Margin % is 29.35% as of Mar. 2026, which is 5% above its 10-year median of 27.87. 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 927 REITs companies, CubeSmart ranks worse than 66.56% on this metric.
Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. CubeSmart's Pre-Tax 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 pretax margin for the quarter that ended in Mar. 2026 was 29.35%.
The historical rank and industry rank for CubeSmart's Pretax Margin % or its related term are showing as below:
CUBE'
s Pretax Margin % Range Over the Past 10 Years
Min: 17.33 Med: 27.87 Max: 39.27
Current: 28.74
CUBE's Pretax Margin % is ranked worse than 66.56% of 927
companies
in the REITs industry
Industry Median: 46.7
vs CUBE: 28.74
CubeSmart (NYSE:CUBE) Pretax Margin % Explanation
The pretax margin, as know as pretax profit margin, is widely used to measure the operating efficiency of a company before deducting taxes.
The pretax margin is sometimes preferred over the net margin as tax expenditures can make profitability comparisons between companies misleading.
It is a useful tool to compare companies operating in the same sector and less effective when comparing companies from other sectors as each industry generally has different operating expenses and sales patterns.
The long term trend of the pretax margin is a good indicator of the competitiveness and health of the business.
CubeSmart Pretax Margin % Related Terms
CubeSmart Pretax Margin % Historical Data
* Premium members only.
The historical data trend for CubeSmart's Pretax 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.
CUBE vs FR, REXR, LINE: Pretax Margin % Comparison
For the REIT - Industrial subindustry, CubeSmart's Pretax Margin %, along with its competitors' market caps and Pretax 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 Pretax Margin % vs REITs Industry
For the REITs industry and Real Estate sector, CubeSmart's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where CubeSmart's Pretax 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 Pretax Margin % of 29.35% as of Mar. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on CubeSmart and its competitors. This is near median its historical median of 27.87. Over the past decade, CubeSmart's Pretax Margin % has ranged from 17.33 to 39.27. According to the industry distribution chart, CubeSmart ranks #617 out of 927 companies in the REITs industry, placing it in the top 66.6%.
Is CubeSmart's Pretax Margin % too high?
CubeSmart's current Pretax Margin % of 29.35% is near median its 10-year median of 27.87. Over the past 10 years, this metric has ranged from a low of 17.33 to a high of 39.27. The REITs industry median Pretax Margin % is 46.70. CubeSmart's value of 29.35% is 37.2% below this industry median. Based on the distribution chart, CubeSmart ranks #617 out of 927 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 Pretax Margin % compare to FR and REXR?
According to the REITs industry distribution chart, CubeSmart ranks #617 out of 927 companies for Pretax Margin %. This places CubeSmart in the lower half of its industry. The industry median Pretax Margin % is 46.70. CubeSmart's value of 29.35% is 37.2% below this benchmark. Historically, CubeSmart's own Pretax Margin % has ranged from 17.33 to 39.27 over the past decade. While the company's 10-year median is 27.87 vs. the industry median of 46.70, 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 Pretax Margin % for a REITs company?
The median Pretax Margin % among REITs companies is 46.70, based on 927 companies in the industry. Companies in the top quartile (top 25%) have a Pretax Margin % significantly above this median, while those in the bottom quartile fall well below. However, Pretax Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. CubeSmart's current Pretax Margin % of 29.35% is 37.2% 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 Pretax Margin % mean?
A high Pretax Margin % can signal that a stock is expensive relative to its fundamentals. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on CubeSmart and its competitors. For the REITs industry, the median Pretax Margin % is 46.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CubeSmart's current Pretax Margin % is 29.35%, which is near median its own 10-year median of 27.87. 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 $41.27 — trading 7% below its estimated fair value. The current Pretax Margin % is 29.35%, which is near median its 10-year median of 27.87 and 37.2% below the REITs industry median of 46.70. 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 Pretax Margin % calculated?
Pretax Margin % is calculated from a company's financial statements. For CubeSmart (CUBE), the current Pretax Margin % is 29.35% 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 $41.27 is trading 7% below its estimated GF Value™ of $44.36.
GuruFocus considers CubeSmart to be Fairly Valued.
Key valuation signals for CUBE:
Pretax Margin %: 29.35% (near median its 10-year median of 27.87)
GF Value™: $44.36 vs. price of $41.27 (7% below fair value)
Industry Position: 37.2% below the REITs median (#617 of 927)
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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