CubeSmart

CUBE Real Estate Reit Industrial

CubeSmart’s revenue for fiscal 2025 (year ended December 2025) was $1.1 billion, up 5.33% from fiscal 2024.

Revenue
+3.12%
EPS
+16.1%
Free cash flow
−5.37%
Total debt
+3.13%

Quarter to September 2026, against a year earlier

45.11 0.26 −0.57%
Market cap
$10.2B
P/E
29.8×
Fwd P/E
27.9×
Dividend yield
4.68%
F-score
4/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a

CubeSmart (CUBE) Debt to equity

Alert me on Debt to equity

CubeSmart's debt to equity at the end of the quarter to 30 September 2026 was 1.4×, up 0.2× from fiscal 2025 (1.2×). Over the past ten years it has ranged from 0.8× (fiscal 2015) to 1.3× (fiscal 2020); the current reading is higher than 91% of that period. That is above the Reit Industrial industry median of 0.8× and above the Real Estate sector median of 0.7×.

Debt to equity, annual

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Annual newest first

Period Debt to equity Change
FY2025 1.2× 20.44%
FY2024 1.0× (0.70%)
FY2023 1.0× (1.76%)
FY2022 1.1× (3.09%)
FY2021 1.1× (15.27%)
FY2020 1.3× 20.19%
FY2019 1.1× 5.00%
FY2018 1.0× 1.81%
FY2017 1.0× 4.08%
FY2016 1.0× 26.25%

Quarterly newest first

Period Debt to equity Change
Sep 2026 1.4× 5.93%
Jun 2026 1.3× 3.81%
Mar 2026 1.3× 4.01%
Dec 2025 1.2× 1.57%
43 more quarters

Against its own ten years

Low 0.8× High 1.3×
Ten-year median 1.0×
Current reading's percentile 91

Debt to equity against peers

What Debt to equity is

Debt to Equity Ratio shows how much a company relies on borrowed money compared with the money its shareholders have in the business.

(Long Term Debt (Total) + Current Part of Debt) ÷ Shareholders Equity (Total)

The full definition of Debt to equity →

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