In terms of working capital, CubeSmart maintains a healthy position.
The total current assets of the company are valued at $114487000.
This represents a growth rate of 803.607% compared to the previous year.
Breaking down the current assets, the cash and investments are worth $8217000, exhibiting a growth rate of 35.505% year-on-year.
The receivables, another significant portion of the current assets, are valued at $33182000.
The year-on-year growth rate for receivables is 10.544%.
This represents a healthy year-on-year growth of -100.000%
On the liabilities side, the company's current liabilities total $373822000.
This reflects a growth rate of -12.231% over the previous year, indicating the company's financial obligations are well under control.
2023
2022
2021
2020
2019
2018
Cash and investments
8.22
6.06
11.14
3.59
54.86
3.76
Receavebles
33.18
30.02
23.56
18.96
16.84
16.26
Inventory
0.00
95.75
64.81
8.87
62.02
22.14
Other
41.4
72.34
36.88
25.19
75.28
8.60
Total Current Assets
114.49
12.67
62.63
6.23
58.44
6.48
Acc Payable
201.42
213.30
199.99
159.14
137.88
149.91
Short Term Debt
34.51
60.90
209.90
117.80
0.00
195.53
Other Current Liab
99.41
112.96
99.92
68.30
64.69
60.63
Current Liabilities
373.82
425.92
546.95
374.33
227.88
428.66
Capital Structure
When examining the capital structure of CubeSmart, it is clear that the company manages a robust portfolio.
The value of their total assets clocks in at $6208888000.
When juxtaposed with the previous year, this marks a growth rate of -1.305%, showcasing the company's ability to steadily grow its asset base.
Turning to liabilities, the company has total liabilities amounting to $3346849000.
Compared to the prior year, this reflects a growth rate of -1.674%.
The long-term debt forms a sizable part of these liabilities, coming in at $2891291000.
Over the last year, the long-term debt has grown by -3.650%.
On the asset side, the cash and equivalent reserves are worth $7613000.
The year-on-year growth of these reserves is 38.167%.
The company's common stock, another important asset, holds a value of $2250000, growing at a rate of 0.134% from the previous year.
Finally, the company's retained earnings stand at $-1364723000, marking a growth rate of 3.187% year-over-year.
These earnings represent the profits that CubeSmart has chosen to reinvest in the business rather than distribute as dividends.
Total Assets
$6,208.89
Total liabilities
$3,346,849,000.00
Long term debt
$2,891.29
Cash and eqv
$7,613,000.00
Goodwill
$0.00
Retained earnings
-$1,364,723,000.00
Common stock
$0.00
Enterprise Value
$9.20
Historical dividend key summary
CubeSmart's dividend per share is $2, showing the earnings shared with shareholders per share. It has grown by -47.959% this year, suggesting that the company is generating increased income for shareholders and expecting future earnings growth.
Years
Q1
Q2
Q3
Q4
Total
2024
0.510
0.510
0.000
0.000
1.020
2023
0.490
0.490
0.490
0.490
1.960
2022
0.430
0.430
0.430
0.430
1.720
2021
0.340
0.340
0.340
0.340
1.360
2020
0.330
0.330
0.330
0.330
1.320
2019
0.320
0.320
0.320
0.320
1.280
2018
0.300
0.300
0.300
0.300
1.200
2017
0.270
0.270
0.270
0.270
1.080
2016
0.210
0.210
0.210
0.210
0.840
2015
0.160
0.160
0.160
0.160
0.640
2014
0.130
0.130
0.130
0.130
0.520
2013
0.110
0.110
0.110
0.110
0.440
2012
0.080
0.080
0.080
0.080
0.320
2011
0.070
0.070
0.070
0.070
0.280
2010
0.025
0.025
0.025
0.025
0.100
2009
0.025
0.025
0.025
0.025
0.100
2008
0.180
0.180
0.180
0.180
0.720
2007
0.290
0.290
0.290
0.290
1.160
2006
0.290
0.290
0.290
0.290
1.160
2005
0.201
0.280
0.000
0.280
0.761
Net earnings per share (EPS)
CubeSmart has an EPS of $0.42, which signifies the profit allocated per share of common stock. With a growth rate of -76.923% this year, it indicates the company's increasing profitability and potential for share value growth. This trend signals robust financial performance and future potential.
