NYSE: CUBE · Industrial REITs
CubeSmart (CUBE) fair value: undervalued or overvalued?
As of 31 Oct 2026, Faircurve's model values CubeSmart (CUBE) at $47.20 a share. The stock last closed at $45.37, which puts the model's fair value 4.0% above the price. On the model's bands that reads as Fairly valued.
Revalued . Price is the close of 5 Nov 2026. CubeSmart.
The report adds the live price, the chart against the range the options market prices and the next earnings date. No account needed.
This week, in three parts
What happenedThe run of 31 Oct 2026 moved the fair value from $46.18 to $47.20 (+2.2%). The model does not yet explain moves on this valuation method.
What the model makes of itThe price of $45.37 is 4.0% below it: Fairly valued, on a high evidence grade.
What's nextNext report on 25 Feb 2027. Options prices imply a move of about 8% either way over the next month. The next weekly run is on Saturday 7 Nov 2026.
What price range does the model give CUBE?
The calibrated range for CUBE over 63 trading days is $41.69 to $50.34. It sits around the last close, and its width comes from the volatility that CUBE's own options imply (28% a year), calibrated weekly against realised prices (n = 6,661 past valuations, refreshed 31 Oct 2026). Ranges built this way held the price 60% of the time at this horizon. The fair value is the model's opinion and rides beside the range. It is not the centre of it.
The model's own range is $43.12 to $51.90.
Faircurve Insights · 31 Oct 2026
CubeSmart (CUBE) is an independent real estate investment trust (REIT), overseeing both its administration and management. It is classed under Real Estate, Industrial REITs.
On 31 Oct 2026, Faircurve's model gave CubeSmart a fair value of $47.20 a share. That moved +2.2% from $46.18 at the previous run. The model does not yet explain this move. The fair value blends a cash-flow multiple against comparable companies, a dividend model and the value of the properties. The calibrated range over 63 trading days is $42.17 to $50.92, built from the volatility the stock's options imply and calibrated weekly against realised prices. Ranges built this way held the price 60% of the time at this horizon. The evidence grade is High. For REITs, the grade looks at the dividend record: at least three years of paid dividends with no cut. It does not say whether the fair value is right.
The facts for this run hold no quality score for CubeSmart, so no overall score or factor readings can be given. The model compares it with eight companies, each with its own fair value on the site: EastGroup Properties, Inc. (EGP), Rexford Industrial Realty, Inc. (REXR), First Industrial Realty Trust, Inc. (FR), Terreno Realty Corporation (TRNO), STAG Industrial, Inc. (STAG), LXP Industrial Trust (LXP), Extra Space Storage Inc. (EXR) and Public Storage (PSA).
Written from the figures on this page for the 31 Oct 2026 valuation and checked by rule before publishing: every number is one printed here, no forecast, no instruction. The price, the gap and the verdict are the page's own and change daily. Not a recommendation.
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When does CUBE report earnings, and how has the stock reacted?
CubeSmart's next earnings report is scheduled for 25 Feb 2027. Companies can move their dates.
On 5 Nov 2026, CUBE's 30 day implied volatility worked out to a move of about 8.2% over one month, in either direction. That is a size, not a direction.
Around its last 8 reports: what the options market priced, and what followed
Each move runs from the last close before the report to the first close after it, so it covers companies that report before the open and after the close. The median size across CUBE's last 8 reports, ignoring direction, was 2.7%.
How does CUBE compare with similar companies?
The companies in industrial reits closest to CubeSmart in market value, each on the same model and the same date.
| Company | Last close | Model fair value | Gap | Model verdict |
|---|---|---|---|---|
| EGP EastGroup Properties, Inc. | $193.86 | $147.94 | -23.7% | Overvalued |
| REXR Rexford Industrial Realty, Inc. | $38.15 | $42.81 | +12.2% | Undervalued |
| FR First Industrial Realty Trust, Inc. | $53.92 | $54.27 | +0.6% | Fairly valued |
| TRNO Terreno Realty Corporation | $67.09 | $60.00 | -10.6% | Overvalued |
| STAG STAG Industrial, Inc. | $36.91 | $34.66 | -6.1% | Fairly valued |
| LXP LXP Industrial Trust | $61.18 | $63.44 | +3.7% | Fairly valued |
| EXR Extra Space Storage Inc. | $160.12 | $138.48 | -13.5% | Overvalued |
| PSA Public Storage | $340.50 | $300.25 | -11.8% | Overvalued |
CubeSmart at a glance
CubeSmart functions as an independent real estate investment trust (REIT), overseeing both its administration and management.
- Market value
- $9.7B
- Sector
- Real Estate
- Industry
- Industrial REITs
- Beta to the US market
- 0.04
- First valued by Faircurve
- 11 Jul 2026
At the close of 5 Nov 2026, 56.0% of the 1,065 graded US stocks the model covers traded below the model's fair value. CUBE was among them.
How the fair value is worked out: the model values CubeSmart three ways and blends them; the range around the fair value comes from 2,000 simulations of the dividend model. The full method is documented here.
What changed in the latest valuation?
On 24 Oct 2026 the model's fair value for CUBE was $46.18. As of 31 Oct 2026 it is $47.20, a change of +2.2%. The model does not yet explain moves on this valuation method. The model revalues every stock it covers each week, and again after an earnings report.
Questions about CubeSmart's valuation
Is CubeSmart stock undervalued or overvalued?
On Faircurve's model, CUBE reads as Fairly valued as of 31 Oct 2026. The model's fair value is $47.20 a share against a last close of $45.37, a gap of +4.0%.
What is CUBE's fair value?
$47.20 a share as of 31 Oct 2026. The fair value blends three methods: a cash-flow multiple against comparable companies, a dividend model, and the value of the properties. The model's own range is $43.12 to $51.90.
What price range does the model give CUBE?
$41.69 to $50.34 over 63 trading days. Ranges built this way held the price 60% of the time across 6,661 past valuations, refreshed 31 Oct 2026.
When does CubeSmart report earnings next?
The next report is scheduled for 25 Feb 2027. Companies can move their dates.
How much has CUBE moved on past earnings reports?
Across its last 8 reports the median two session move was 2.7%, ignoring direction. The largest was -6.0% around the report of 30 Oct 2025.
How confident is the model in this valuation?
The model's evidence grade for CUBE is high. For real estate investment trusts (REITs) the grade looks at the dividend record: at least three years of paid dividends with no cut. It is not a probability that the fair value is right, or that the price reaches it.
The model's own ideas on CUBE
The model holds no idea open on CUBE today. Signed-in readers see the rule each idea runs on, the floor and the exit level the model set and its time limit, and the model's closed ideas on CUBE with their outcomes. A free account is enough.