The company CubeSmart (CUBE) is set to announce its latest quarterly earnings on Wednesday, April 29th, with a consensus estimated EPS of 0.3431.
CubeSmart's current price stands at $39.33, reflecting a positive price change of 29 cents (0.743%) from the previous close. The trading volume is at $253,294, representing a 10.61% increase relative to the average.
In the last quarterly report on February 25th, CubeSmart reported an EPS of 0.34, slightly below the consensus estimate of 0.66. The total revenue was $282.71 million, slightly surpassing the consensus estimate of $279.96 million.
CubeSmart offers a forward dividend yield of 5.39%, with a dividend per share MRQ of 53 cents and a year-over-year increase of 1.9512 cents.
The company generated a free cash flow of $121.72 million, with operating cash flow at $136.49 million. The net change in cash for the period was -$104.52 million.
CubeSmart reported a gross profit of $-255.72 million, operating income of $111 million, and a net income of $78.69 million, translating to an EPS of 34 cents.
Key financial ratios for CubeSmart include a net profit margin of 27.84%, return on equity of 2.89%, and a price-to-earnings ratio of 26.19.
The company's total assets amount to $6.64 billion, with total liabilities at $3.86 billion, resulting in a net debt of $3.53 billion.
This comprehensive financial overview provides insights into CubeSmart's current performance and upcoming earnings expectations.
CubeSmart is a self-administered and self-managed real estate investment trust. The Company's self-storage properties are designed to offer affordable, easily accessible and secure storage space for residential and commercial customers. According to the 2020 Self-Storage Almanac, CubeSmart is one of the top three owners and operators of self-storage properties in the United States.