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CubeSmart (CubeSmart) Cyclically Adjusted Revenue per Share : $4.00 (As of Dec. 2023)


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What is CubeSmart Cyclically Adjusted Revenue per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years.

CubeSmart's adjusted revenue per share for the three months ended in Dec. 2023 was $1.171. Add all the adjusted revenue per share for the past 10 years together and divide the count will get our Cyclically Adjusted Revenue per Share, which is $4.00 for the trailing ten years ended in Dec. 2023.

During the past 12 months, CubeSmart's average Cyclically Adjusted Revenue Growth Rate was 7.80% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 10.40% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 8.00% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was 1.70% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Revenue Growth Rate using Cyclically Adjusted Revenue per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Revenue Growth Rate of CubeSmart was 10.40% per year. The lowest was -3.40% per year. And the median was -1.50% per year.

As of today (2024-04-27), CubeSmart's current stock price is $40.76. CubeSmart's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was $4.00. CubeSmart's Cyclically Adjusted PS Ratio of today is 10.19.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of CubeSmart was 17.36. The lowest was 4.71. And the median was 10.22.


CubeSmart Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for CubeSmart's Cyclically Adjusted Revenue per Share 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 Cyclically Adjusted Revenue per Share Chart

CubeSmart Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.84 2.97 3.33 3.71 4.00

CubeSmart Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Cyclically Adjusted Revenue per Share Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.71 3.82 3.90 3.97 4.00

Competitive Comparison of CubeSmart's Cyclically Adjusted Revenue per Share

For the REIT - Industrial subindustry, CubeSmart's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS 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's Cyclically Adjusted PS Ratio Distribution in the REITs Industry

For the REITs industry and Real Estate sector, CubeSmart's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where CubeSmart's Cyclically Adjusted PS Ratio falls into.



CubeSmart Cyclically Adjusted Revenue per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years.

What is Cyclically Adjusted Revenue per Share? How do we calculate Cyclically Adjusted Revenue per Share?

Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Revenue per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the revenue per share from 2001 through 2010.

We adjusted the 2001 revenue per share data with the total inflation from 2001 through 2010 to the equivalent revenue in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's revenue is $1 a share in 2001, then the 2001's equivalent revenue in 2010 is $1.4 a share. If Wal-Mart's revenue is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 revenue in 2010 is $1.35. So on and so forth, you get the equivalent revenue per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted Revenue per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, CubeSmart's adjusted Revenue per Share data for the three months ended in Dec. 2023 was:

Adj_RevenuePerShare= Revenue per Share /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=1.171/129.4194*129.4194
=1.171

Current CPI (Dec. 2023) = 129.4194.

CubeSmart Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 0.611 99.695 0.793
201406 0.628 100.560 0.808
201409 0.639 100.428 0.823
201412 0.618 99.070 0.807
201503 0.620 99.621 0.805
201506 0.653 100.684 0.839
201509 0.679 100.392 0.875
201512 0.658 99.792 0.853
201603 0.671 100.470 0.864
201606 0.706 101.688 0.899
201609 0.732 101.861 0.930
201612 0.731 101.863 0.929
201703 0.734 102.862 0.924
201706 0.765 103.349 0.958
201709 0.794 104.136 0.987
201712 0.788 104.011 0.980
201803 0.780 105.290 0.959
201806 0.801 106.317 0.975
201809 0.821 106.507 0.998
201812 0.821 105.998 1.002
201903 0.813 107.251 0.981
201906 0.835 108.070 1.000
201909 0.859 108.329 1.026
201912 0.853 108.420 1.018
202003 0.845 108.902 1.004
202006 0.843 108.767 1.003
202009 0.887 109.815 1.045
202012 0.909 109.897 1.070
202103 0.943 111.754 1.092
202106 0.982 114.631 1.109
202109 1.043 115.734 1.166
202112 1.041 117.630 1.145
202203 1.057 121.301 1.128
202206 1.101 125.017 1.140
202209 1.157 125.227 1.196
202212 1.155 125.222 1.194
202303 1.134 127.348 1.152
202306 1.153 128.729 1.159
202309 1.184 129.860 1.180
202312 1.171 129.419 1.171

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.


CubeSmart  (NYSE:CUBE) Cyclically Adjusted Revenue per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Revenue per Share may underestimate the company's revenue. Cyclically Adjusted PS Ratio can seem to be too high even the actual PS Ratio is low.

For the Cyclically Adjusted PS Ratio, the revenue per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/S calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PS Ratio is also called CAPS Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

CubeSmart's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=40.76/4
=10.19

* 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.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of CubeSmart was 17.36. The lowest was 4.71. And the median was 10.22.


Be Aware

Cyclically Adjusted PS Ratio works better for cyclical companies. It gives you a better idea on the company's real revenue value.


CubeSmart Cyclically Adjusted Revenue per Share Related Terms

Thank you for viewing the detailed overview of CubeSmart's Cyclically Adjusted Revenue per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


CubeSmart (CubeSmart) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » CubeSmart (NYSE:CUBE) » Definitions » Cyclically Adjusted Revenue per Share
Traded in Other Exchanges
Address
5 Old Lancaster Road, Malvern, PA, USA, 19355
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.
Executives
Christopher P Marr officer: Chief Financial Officer 460 E. SWEDESFORD ROAD, SUITE 3000, WAYNE PA 19087
Jeffrey P Foster officer: Sr. VP - Chief Legal Officer 460 EAST SWEDESFORD ROAD, SUITE 3000, WAYNE PA 19087
Timothy M Martin officer: SVP & Chief Accounting Officer 460 E. SWEDESFORD ROAD, SUITE 3000, WAYNE PA 19087
Matthew D Denarie officer: Chief Accounting Officer 5 OLD LANCASTER ROAD, MALVERN PA 19355
Jennifer Schulte officer: Chief Human Resources Officer 5 OLD LANCASTER ROAD, MALVERN PA 19355
Jit Kee Chin director ONE FEDERAL STREET, 23RD FLOOR, BOSTON MA 02110
Jair K Lynch director 5 OLD LANCASTER RD, MALVERN PA 19355
Joel D Keaton officer: Sr VP of Operations 5 OLD LANCASTER ROAD, MALVERN PA 19355
Marianne M Keler director 12061 BLUEMONT WAY, RESTON VA 20190
Jonathan L Perry officer: SVP and CIO 5 OLD LANCASTER ROAD, MALVERN PA 19355
Dororthy Dowling director 5 OLD LANCASTER ROAD, MALVERN PA 19355
Diefenderfer William M Iii director 300 CONTINENTAL DRIVE, NEWARK DE 19713
Dean Jernigan director, officer: CEO and President C/O FARMLAND PARTNERS INC., 8670 WOLFF COURT, SUITE 240, WESTMINSTER CO 80031
Deborah Ratnersalzberg director 301 WATER ST SE SUITE 201, WASHINGTON DC 20003
John W Fain director 1000 SEMMES AVE, RICHMOND VA 23224

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