Cubesmart Stock Intrinsic Value – Janney Montgomery Scott LLC Boosts Stake in CubeSmart by 18.8% in Q1
August 8, 2023
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CUBESMART ($NYSE:CUBE): CubeSmart is a real estate investment trust (REIT) that specializes in self-storage facilities across the United States. Janney Montgomery Scott LLC recently increased its CubeSmart share holdings by 18.8%, as seen in its 13F filing with the Securities and Exchange Commission. Janney Montgomery Scott is an independent full-service wealth management, capital markets, and asset management firm offering private wealth management, global investment advice, and institutional research to help their clients make better-informed financial decisions.
With this most recent filing, Janney Montgomery Scott has increased its total stake in CubeSmart by 18.8%. This indicates that the company is confident in the potential of CubeSmart’s future growth.
Analysis – Cubesmart Stock Intrinsic Value
At GoodWhale, we recently took a closer look at CUBESMART’s financials to gain deeper insights into the company and its stock performance. After analyzing the data, our proprietary Valuation Line estimated the fair value of CUBESMART shares at $52.1. However, the stock is currently trading at $41.8, which is a 19.8% undervaluation. This presents a significant opportunity for investors looking to buy undervalued stocks. CubeSmart_by_18.8_in_Q1″>More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Cubesmart. CubeSmart_by_18.8_in_Q1″>More…
| Total Revenues | Net Income | Net Margin |
| 1.04k | 390.19 | – |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Cubesmart. CubeSmart_by_18.8_in_Q1″>More…
| Operations | Investing | Financing |
| 596.24 | -48.77 | -547.09 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Cubesmart. CubeSmart_by_18.8_in_Q1″>More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 6.28k | 3.4k | 12.47 |
Key Ratios Snapshot
Some of the financial key ratios for Cubesmart are shown below. CubeSmart_by_18.8_in_Q1″>More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| – | – | 42.3% |
| FCF Margin | ROE | ROA |
| – | – | – |
Peers
CubeSmart is in the business of self-storage. Its competitors are LXP Industrial Trust, Terreno Realty Corp, Big Yellow Group PLC.
– LXP Industrial Trust ($NYSE:LXP)
LXP Industrial Trust is a publicly traded real estate investment trust that owns and operates a portfolio of light industrial properties in the United States. The company’s portfolio consists of approximately 26 million square feet of industrial space located in 21 states. LXP Industrial Trust is headquartered in Dallas, Texas.
– Terreno Realty Corp ($NYSE:TRNO)
Terreno Realty Corp is a real estate investment trust that primarily acquires, owns, and operates industrial properties in key logistics markets in the United States. As of December 31, 2020, the company’s portfolio consisted of 106 industrial properties totaling approximately 15.4 million square feet of leasable space.
– Big Yellow Group PLC ($LSE:BYG)
Big Yellow Group PLC is a United Kingdom-based self-storage company. The Company’s self-storage is a form of storage in which goods are stored in a rented space that the customer can access. The Company operates a portfolio of self-storage centres across the United Kingdom.
Summary
CubeSmart (NYSE: CUBE) is an attractive investment option for investors seeking exposure to the self storage sector. The stock price responded positively, posting gains on the same day. Analysts have been bullish on CubeSmart due to its strong financials and competitive position in the self storage market. The company has a strong balance sheet, with ample liquidity and low debt.
Furthermore, CubeSmart’s portfolio of properties benefits from attractive locations and diverse tenant mix. Overall, CubeSmart is a solid investment option for investors looking to capitalize on the current market conditions.
