Market Cap : 10.8 B | Enterprise Value : 13.85 B | Price-to-FFO : 22.28 | PB Ratio : 3.79 |
---|
NYSE:CUBE has been successfully added to your Stock Email Alerts list.
You can manage your stock email alerts here.
NYSE:CUBE has been removed from your Stock Email Alerts list.
Please enter Portfolio Name for new portfolio.
CubeSmart has the Financial Strength Rank of 4.
GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors:
1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.CubeSmart's Interest Coverage for the quarter that ended in Jun. 2022 was 3.57. CubeSmart's debt to revenue ratio for the quarter that ended in Jun. 2022 was 3.19. As of today, CubeSmart's Altman Z-Score is 1.75.
For the REIT - Industrial subindustry, CubeSmart's Financial Strength, along with its competitors' market caps and Financial Strength 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 Financial Strength distribution charts can be found below:
* The bar in red indicates where CubeSmart's Financial Strength falls into.
GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors
A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.
1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.
Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:
CubeSmart's Interest Expense for the months ended in Jun. 2022 was $-23.1 Mil. Its Operating Income for the months ended in Jun. 2022 was $82.4 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2022 was $3,001.4 Mil.
CubeSmart's Interest Coverage for the quarter that ended in Jun. 2022 is
Interest Coverage | = | -1 | * | Operating Income (Q: Jun. 2022 ) | / | Interest Expense (Q: Jun. 2022 ) |
= | -1 | * | 82.421 | / | -23.055 | |
= | 3.57 |
The higher the ratio, the stronger the company's financial strength is.
2. Debt to revenue ratio. The lower, the better.
CubeSmart's Debt to Revenue Ratio for the quarter that ended in Jun. 2022 is
Debt to Revenue Ratio | = | Total Debt (Q: Jun. 2022 ) | / | Revenue | ||
= | (Short-Term Debt & Capital Lease Obligation | + | Long-Term Debt & Capital Lease Obligation) | / | Revenue | |
= | (168.9 | + | 3001.356) | / | 994.656 | |
= | 3.19 |
3. Altman Z-Score.
Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.
The zones of discrimination were as such:
When Z-Score is less than 1.81, it is in Distress Zones.
When Z-Score is greater than 2.99, it is in Safe Zones.
When Z-Score is between 1.81 and 2.99, it is in Grey Zones.
CubeSmart has a Z-score of 1.75, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.
Warning Sign:
Altman Z-score of 1.75 is in distress zone. This implies bankruptcy possibility in the next two years.
* 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.
The maximum rank is 10. Companies with rank 7 or higher will be unlikely to fall into distressed situations. Companies with rank of 3 or less are likely in financial distress.
CubeSmart has the Financial Strength Rank of 4.
Thank you for viewing the detailed overview of CubeSmart's Financial Strength provided by GuruFocus.com. Please click on the following links to see related term pages.
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 |
From GuruFocus
By Marketwired 05-12-2021
By Marketwired 10-01-2021
By GuruFocusNews 02-23-2022
Other Sources
By Zacks 2022-01-31
By Zacks 2022-01-13
By Zacks 2022-03-18
By Zacks 2022-01-14
By tipranks.com 2022-03-14
By Zacks 2022-02-24
By Zacks 2022-01-06
By Zacks 2022-01-20
By Zacks 2022-02-08
By Zacks 2022-01-18
By Zacks 2022-03-08
By Zacks 2022-01-17
By Zacks 2022-01-25
By Zacks 2022-03-11