CubeSmart (CubeSmart) Dividend Payout Ratio

: 1.02 (As of Dec. 2023)

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CubeSmart's dividend payout ratio for the months ended in Dec. 2023 was 1.02.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of CubeSmart is 1.09, which seems too high.

The historical rank and industry rank for CubeSmart's Dividend Payout Ratio or its related term are showing as below:

CUBE' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 1.09 Med: 1.48 Max: 3.44
Current: 1.09

During the past 13 years, the highest Dividend Payout Ratio of CubeSmart was 3.44. The lowest was 1.09. And the median was 1.48.

CUBE's Dividend Payout Ratio is ranked worse than
57.45% of 564 companies
in the REITs industry
Industry Median: 1.01 vs CUBE: 1.09

As of today (2024-04-19), the Dividend Yield % of CubeSmart is 4.75%.

During the past 13 years, the highest Trailing Annual Dividend Yield of CubeSmart was 6.04%. The lowest was 2.09%. And the median was 3.58%.

CubeSmart's Dividends per Share for the months ended in Dec. 2023 was $0.51.

During the past 12 months, CubeSmart's average Dividends Per Share Growth Rate was 11.20% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 14.20% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 10.40% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 14.80% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of CubeSmart was 73.50% per year. The lowest was -55.80% per year. And the median was 14.20% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

CubeSmart Dividend Payout Ratio Historical Data

The historical data trend for CubeSmart's Dividend Payout Ratio 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 Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dividend Payout Ratio

1.48

1.49

1.39

1.38

1.09

CubeSmart Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Dividend Payout Ratio																1.36	1.14	1.14	1.09	1.02

Competitive Comparison

For the REIT - Industrial subindustry, CubeSmart's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout 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 Dividend Payout Ratio Distribution

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

* The bar in red indicates where CubeSmart's Dividend Payout Ratio falls into.

CubeSmart Dividend Payout Ratio Calculation

Dividend payout ratio measures the percentage of the company's earnings paid out as dividends.

CubeSmart's Dividend Payout Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Dec. 2023 )	/	EPS without NRI (A: Dec. 2023 )
	=	1.98	/	1.82
	=	1.09

CubeSmart's Dividend Payout Ratio for the quarter that ended in Dec. 2023 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Dec. 2023 )	/	EPS without NRI (Q: Dec. 2023 )
	=	0.51	/	0.5
	=	1.02

CubeSmart (NYSE:CUBE) Dividend Payout Ratio Explanation

In dividends investing, Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

CubeSmart Dividend Payout Ratio Related Terms

Thank you for viewing the detailed overview of CubeSmart's Dividend Payout Ratio 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 » Dividend Payout Ratio

Comparable Companies

Traded in Other Exchanges

UK8:Germany UK8:Germany

Address

5 Old Lancaster Road, Malvern, PA, USA, 19355

Website

https://www.cubesmart.com

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