CubeSmart Depreciation vs Change To Netincome Analysis

CUBE Stock

USD 46.87 0.71 1.49%

CubeSmart financial indicator trend analysis is way more than just evaluating CubeSmart prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether CubeSmart is a good investment. Please check the relationship between CubeSmart Depreciation and its Change To Netincome accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in CubeSmart. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

For information on how to trade CubeSmart Stock refer to our How to Trade CubeSmart Stock guide.

Depreciation vs Change To Netincome

Depreciation vs Change To Netincome Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of CubeSmart Depreciation account and Change To Netincome. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between CubeSmart's Depreciation and Change To Netincome is -0.23. Overlapping area represents the amount of variation of Depreciation that can explain the historical movement of Change To Netincome in the same time period over historical financial statements of CubeSmart, assuming nothing else is changed. The correlation between historical values of CubeSmart's Depreciation and Change To Netincome is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Depreciation of CubeSmart are associated (or correlated) with its Change To Netincome. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change To Netincome has no effect on the direction of Depreciation i.e., CubeSmart's Depreciation and Change To Netincome go up and down completely randomly.

Correlation Coefficient

-0.23

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Depreciation

Depreciation indicates how much of CubeSmart value has been used up. For tax purposes CubeSmart can deduct the cost of the tangible assets it purchases as business expenses. However, CubeSmart must depreciate these assets in accordance with IRS rules about how and when the deduction may be taken, and how long it will last. The systematic allocation of the cost of a tangible asset over its useful life.

Change To Netincome

Most indicators from CubeSmart's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into CubeSmart current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in CubeSmart. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

For information on how to trade CubeSmart Stock refer to our How to Trade CubeSmart Stock guide.At present, CubeSmart's Enterprise Value Over EBITDA is projected to slightly decrease based on the last few years of reporting. The current year's Enterprise Value Multiple is expected to grow to 22.54, whereas Discontinued Operations is forecasted to decline to about 287.3 K.

	2021	2022	2023	2024 (projected)
Gross Profit	570.5M	716.4M	755.6M	793.3M
Total Revenue	822.6M	1.0B	1.1B	1.1B

Gross Profit Total Revenue

CubeSmart fundamental ratios Correlations

	Total Assets	Total Stockholder Equity	Other Assets	Common Stock Shares Outstanding	Other Stockholder Equity	Total Liab	Short Long Term Debt Total	Other Current Liab	Other Liab	Property Plant And Equipment Net	Net Debt	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Long Term Debt	Cash And Short Term Investments	Short Term Investments	Non Current Liabilities Total	Property Plant And Equipment Gross	Total Current Assets	Total Current Liabilities	Retained Earnings	Common Stock Total Equity	Common Stock	Other Current Assets
Total Assets		0.99	0.55	0.77	0.98	1.0	0.89	0.08	0.63	-0.48	0.99	0.45	-0.04	0.89	0.54	0.9	-0.04	0.85	0.98	-0.38	0.56	0.83	-0.99	0.82	0.82	0.78
Total Stockholder Equity	0.99		0.49	0.77	0.98	0.98	0.86	0.09	0.63	-0.42	0.97	0.47	0.01	0.87	0.55	0.87	0.01	0.81	0.97	-0.37	0.61	0.79	-0.98	0.82	0.83	0.77
Other Assets	0.55	0.49		0.45	0.46	0.58	0.71	0.09	0.33	-0.52	0.59	0.55	-0.15	0.68	-0.24	0.67	-0.15	0.53	0.5	-0.14	-0.11	0.68	-0.52	0.43	0.48	0.49
Common Stock Shares Outstanding	0.77	0.77	0.45		0.78	0.75	0.88	-0.09	0.68	-0.09	0.73	0.63	0.12	0.91	0.19	0.9	0.12	0.53	0.68	-0.46	0.23	0.8	-0.79	0.98	0.99	0.58
Other Stockholder Equity	0.98	0.98	0.46	0.78		0.97	0.85	-0.1	0.66	-0.48	0.96	0.48	0.11	0.87	0.53	0.87	0.11	0.86	0.96	-0.38	0.62	0.77	-0.98	0.82	0.83	0.7
Total Liab	1.0	0.98	0.58	0.75	0.97		0.89	0.07	0.62	-0.53	1.0	0.44	-0.07	0.89	0.53	0.9	-0.07	0.87	0.99	-0.38	0.54	0.84	-0.99	0.8	0.8	0.77
Short Long Term Debt Total	0.89	0.86	0.71	0.88	0.85	0.89		-0.01	0.68	-0.45	0.89	0.59	-0.04	0.99	0.26	1.0	-0.04	0.75	0.84	-0.39	0.31	0.91	-0.9	0.9	0.9	0.69
Other Current Liab	0.08	0.09	0.09	-0.09	-0.1	0.07	-0.01		-0.17	0.19	0.09	-0.28	-0.62	0.0	0.28	-0.04	-0.62	-0.16	0.1	0.04	-0.03	0.07	-0.05	-0.05	-0.08	0.32
Other Liab	0.63	0.63	0.33	0.68	0.66	0.62	0.68	-0.17		-0.34	0.61	0.34	-0.07	0.7	0.24	0.7	-0.07	0.55	0.6	-0.31	0.27	0.54	-0.64	0.73	0.71	0.69
Property Plant And Equipment Net	-0.48	-0.42	-0.52	-0.09	-0.48	-0.53	-0.45	0.19	-0.34		-0.54	0.06	-0.05	-0.4	-0.22	-0.45	-0.05	-0.84	-0.58	0.0	-0.42	-0.26	0.49	-0.15	-0.12	-0.25
Net Debt	0.99	0.97	0.59	0.73	0.96	1.0	0.89	0.09	0.61	-0.54		0.43	-0.1	0.89	0.53	0.9	-0.1	0.87	0.99	-0.39	0.53	0.84	-0.99	0.78	0.79	0.77
Accounts Payable	0.45	0.47	0.55	0.63	0.48	0.44	0.59	-0.28	0.34	0.06	0.43		0.14	0.61	-0.23	0.58	0.14	0.18	0.33	-0.25	-0.14	0.67	-0.44	0.56	0.64	0.34
Cash	-0.04	0.01	-0.15	0.12	0.11	-0.07	-0.04	-0.62	-0.07	-0.05	-0.1	0.14		-0.01	-0.17	0.0	1.0	0.13	-0.07	-0.07	0.41	-0.18	0.03	0.09	0.11	-0.44
Non Current Assets Total	0.89	0.87	0.68	0.91	0.87	0.89	0.99	0.0	0.7	-0.4	0.89	0.61	-0.01		0.27	1.0	-0.01	0.73	0.84	-0.37	0.33	0.9	-0.9	0.93	0.93	0.7
Non Currrent Assets Other	0.54	0.55	-0.24	0.19	0.53	0.53	0.26	0.28	0.24	-0.22	0.53	-0.23	-0.17	0.27		0.27	-0.17	0.47	0.61	-0.16	0.69	0.3	-0.56	0.31	0.24	0.42
Long Term Debt	0.9	0.87	0.67	0.9	0.87	0.9	1.0	-0.04	0.7	-0.45	0.9	0.58	0.0	1.0	0.27		0.0	0.77	0.86	-0.38	0.34	0.88	-0.91	0.92	0.91	0.7
Cash And Short Term Investments	-0.04	0.01	-0.15	0.12	0.11	-0.07	-0.04	-0.62	-0.07	-0.05	-0.1	0.14	1.0	-0.01	-0.17	0.0		0.13	-0.07	-0.07	0.41	-0.18	0.03	0.09	0.11	-0.44
Short Term Investments	0.85	0.81	0.53	0.53	0.86	0.87	0.75	-0.16	0.55	-0.84	0.87	0.18	0.13	0.73	0.47	0.77	0.13		0.9	-0.24	0.62	0.59	-0.86	0.59	0.58	0.53
Non Current Liabilities Total	0.98	0.97	0.5	0.68	0.96	0.99	0.84	0.1	0.6	-0.58	0.99	0.33	-0.07	0.84	0.61	0.86	-0.07	0.9		-0.36	0.62	0.76	-0.98	0.75	0.74	0.74
Property Plant And Equipment Gross	-0.38	-0.37	-0.14	-0.46	-0.38	-0.38	-0.39	0.04	-0.31	0.0	-0.39	-0.25	-0.07	-0.37	-0.16	-0.38	-0.07	-0.24	-0.36		-0.15	-0.43	0.39	-0.39	-0.41	-0.09
Total Current Assets	0.56	0.61	-0.11	0.23	0.62	0.54	0.31	-0.03	0.27	-0.42	0.53	-0.14	0.41	0.33	0.69	0.34	0.41	0.62	0.62	-0.15		0.16	-0.56	0.35	0.3	0.26
Total Current Liabilities	0.83	0.79	0.68	0.8	0.77	0.84	0.91	0.07	0.54	-0.26	0.84	0.67	-0.18	0.9	0.3	0.88	-0.18	0.59	0.76	-0.43	0.16		-0.83	0.81	0.82	0.68
Retained Earnings	-0.99	-0.98	-0.52	-0.79	-0.98	-0.99	-0.9	-0.05	-0.64	0.49	-0.99	-0.44	0.03	-0.9	-0.56	-0.91	0.03	-0.86	-0.98	0.39	-0.56	-0.83		-0.84	-0.83	-0.74
Common Stock Total Equity	0.82	0.82	0.43	0.98	0.82	0.8	0.9	-0.05	0.73	-0.15	0.78	0.56	0.09	0.93	0.31	0.92	0.09	0.59	0.75	-0.39	0.35	0.81	-0.84		0.99	0.66
Common Stock	0.82	0.83	0.48	0.99	0.83	0.8	0.9	-0.08	0.71	-0.12	0.79	0.64	0.11	0.93	0.24	0.91	0.11	0.58	0.74	-0.41	0.3	0.82	-0.83	0.99		0.67
Other Current Assets	0.78	0.77	0.49	0.58	0.7	0.77	0.69	0.32	0.69	-0.25	0.77	0.34	-0.44	0.7	0.42	0.7	-0.44	0.53	0.74	-0.09	0.26	0.68	-0.74	0.66	0.67

Click cells to compare fundamentals

CubeSmart Account Relationship Matchups

CubeSmart fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	4.0B	4.8B	6.5B	6.3B	6.2B	6.5B
Total Stockholder Equity	1.8B	1.8B	2.9B	2.8B	2.8B	2.9B
Other Assets	24.8M	4.8B	6.5B	6.3B	(60.0M)	(57.0M)
Common Stock Shares Outstanding	191.6M	194.9M	205.0M	225.9M	226.2M	129.6M
Liabilities And Stockholders Equity	4.0B	4.8B	6.5B	6.3B	6.2B	6.5B
Other Stockholder Equity	3.6B	2.8B	4.1B	4.1B	4.1B	4.3B
Total Liab	2.2B	2.7B	3.5B	3.4B	3.3B	3.5B
Short Long Term Debt Total	1.9B	2.4B	3.2B	3.1B	3.0B	1.5B
Other Current Liab	(1.9B)	190.2M	(200.0M)	172.8M	300.1M	315.1M
Other Liab	38.3M	30.2M	38.2M	39.8M	45.8M	27.2M
Property Plant And Equipment Net	41.7M	55.3M	54.7M	49.5M	50.5M	48.0M
Net Debt	1.9B	2.4B	3.2B	3.1B	3.0B	3.1B
Accounts Payable	137.9M	37.2M	200.0M	214.4M	35.3M	33.5M
Cash	54.9M	3.6M	11.1M	6.1M	6.5M	6.2M
Non Current Assets Total	4.0B	4.8B	6.5B	6.3B	6.2B	3.2B
Non Currrent Assets Other	105.5M	174.0M	268.0M	(169.3M)	6.0B	6.3B
Long Term Debt	1.9B	2.2B	2.9B	2.9B	2.9B	1.5B
Cash And Short Term Investments	54.9M	3.6M	11.1M	6.1M	6.5M	6.2M
Non Current Liabilities Total	1.9B	2.3B	3.0B	3.0B	3.3B	3.5B
Total Current Assets	58.4M	6.2M	62.6M	12.7M	114.5M	120.2M
Total Current Liabilities	227.9M	374.3M	546.9M	425.9M	373.8M	250.1M
Retained Earnings	(876.6M)	(974.8M)	(1.2B)	(1.3B)	(1.3B)	(1.3B)
Common Stock Total Equity	1.9M	2.0M	2.2M	2.2M	2.6M	1.5M
Common Stock	1.9M	2.0M	2.2M	2.2M	2.2M	1.5M
Other Current Assets	(75.3M)	28.8M	122.1M	72.3M	74.8M	78.5M
Current Deferred Revenue	25.3M	29.1M	37.1M	38.8M	38.5M	21.1M
Accumulated Other Comprehensive Income	(729K)	(632K)	(570K)	(491K)	(411K)	(431.6K)
Short Term Debt	1.9B	117.8M	209.9M	60.9M	4.7M	4.5M
Intangible Assets	10.3M	57.8M	108.8M	1.2M	1.8M	1.7M
Net Receivables	16.8M	19.0M	23.6M	30.0M	33.2M	17.1M
Inventory	62.0M	8.9M	64.8M	(95.8M)	(60.0M)	(57.0M)
Noncontrolling Interest In Consolidated Entity	8.0M	8.6M	18.6M	14.2M	16.3M	17.1M
Retained Earnings Total Equity	(876.6M)	(974.8M)	(1.2B)	(1.3B)	(1.2B)	(1.1B)
Deferred Long Term Liab	25.3M	29.1M	37.1M	38.8M	44.6M	23.0M
Property Plant Equipment	3.8B	4.5B	6.1B	6.0B	7.0B	3.7B
Net Tangible Assets	1.9B	2.1B	3.0B	2.9B	3.3B	2.0B
Long Term Debt Total	1.9B	2.2B	2.9B	2.9B	3.4B	1.9B

Also Currently Popular

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.

C	Citigroup
GM	General Motors
F	Ford Motor

When determining whether CubeSmart is a strong investment it is important to analyze CubeSmart's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact CubeSmart's future performance. For an informed investment choice regarding CubeSmart Stock, refer to the following important reports:

How To Invest In CubeSmart

Details

Is CubeSmart Stock a good investment?

Details

What is CubeSmart's Net Worth?

Details

Largest Equity Real Estate Investment Trusts (REITs) Companies

View

Largest Real Estate Companies

View

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in CubeSmart. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

For information on how to trade CubeSmart Stock refer to our How to Trade CubeSmart Stock guide.

You can also try the My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.

Is Self-Storage REITs space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of CubeSmart. If investors know CubeSmart will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about CubeSmart listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

(0.02)

Dividend Share

2.04

Earnings Share

1.78

Revenue Per Share

4.724

Quarterly Revenue Growth

0.008

The market value of CubeSmart is measured differently than its book value, which is the value of CubeSmart that is recorded on the company's balance sheet. Investors also form their own opinion of CubeSmart's value that differs from its market value or its book value, called intrinsic value, which is CubeSmart's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because CubeSmart's market value can be influenced by many factors that don't directly affect CubeSmart's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between CubeSmart's value and its price as these two are different measures arrived at by different means. Investors typically determine if CubeSmart is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, CubeSmart's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC

CubeSmart Depreciation vs Change To Netincome Analysis

Depreciation vs Change To Netincome

Depreciation vs Change To Netincome Correlation Analysis

Correlation Coefficient

Depreciation

Change To Netincome

CubeSmart fundamental ratios Correlations

CubeSmart Account Relationship Matchups

High Positive Relationship

High Negative Relationship

CubeSmart fundamental ratios Accounts

Also Currently Popular

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Liab	+ 1.0	Total Assets
Net Debt	+ 1.0	Total Liab
Long Term Debt	+ 1.0	Short Long Term Debt Total
Cash And Short Term Investments	+ 1.0	Cash
Long Term Debt	+ 1.0	Non Current Assets Total
Total Stockholder Equity	+ 0.99	Total Assets

Retained Earnings	- 0.99	Net Debt
Retained Earnings	- 0.99	Total Liab
Retained Earnings	- 0.99	Total Assets
Retained Earnings	- 0.98	Non Current Liabilities Total
Retained Earnings	- 0.98	Other Stockholder Equity
Retained Earnings	- 0.98	Total Stockholder Equity