This is the average share buyback rate of the company over the past 3 years. A negative number means the company might be issuing new shares. A positive number indicates that the company is buying back shares.
The historical rank and industry rank for CubeSmart's 3-Year Average Share Buyback Ratio or its related term are showing as below:
CUBE'
s 3-Year Average Share Buyback Ratio Range Over the Past 10 Years
Min: -28.4 Med: -10.05 Max: -0.4
Current: -6.2
During the past years, CubeSmart's highest 3-Year Average Share Buyback Ratio was -0.40. The lowest was -28.40. And the median was -10.05.
CUBE's 3-Year Average Share Buyback Ratio is ranked worse than 57.88% of 584
companies
in the REITs industry
Industry Median: -4.55
vs CUBE: -6.20
CubeSmart 3-Year Average Share Buyback Ratio Historical Data
The historical data trend for CubeSmart's 3-Year Average Share Buyback Ratio 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.
* Premium members only.
CubeSmart Annual Data
Trend
Dec12
Dec13
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Dec18
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Dec21
3-Year Average Share Buyback Ratio
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CubeSmart Quarterly Data
Sep17
Dec17
Mar18
Jun18
Sep18
Dec18
Mar19
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Jun22
3-Year Average Share Buyback Ratio
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Competitive Comparison
For the REIT - Industrial subindustry, CubeSmart's 3-Year Average Share Buyback Ratio, along with its competitors' market caps and 3-Year Average Share Buyback Ratio 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 Average Share Buyback Ratio Distribution
For the REITs industry and Real Estate sector, CubeSmart's 3-Year Average Share Buyback Ratio distribution charts can be found below:
* The bar in red indicates where CubeSmart's 3-Year Average Share Buyback Ratio falls into.
CubeSmart 3-Year Average Share Buyback Ratio Calculation
This is the average share buyback rate of the company over the past 3 years.
CubeSmart (NYSE:CUBE) 3-Year Average Share Buyback Ratio Explanation
A negative number means the company might be issuing new shares. A positive number indicates that the company is buying back shares.
Be Aware
Investors usually like share buybacks. But as pointed by Warren Buffett, only if a company buys back shares at the prices below the stock's intrinsic value, it rewards remaining shareholders. If a company buys its overvalued stocks back, it destroys shareholder value.
CubeSmart 3-Year Average Share Buyback Ratio Related Terms
Thank you for viewing the detailed overview of CubeSmart's 3-Year Average Share Buyback Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
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.
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