CubeSmart (CUBE) Interest Coverage Ratio (2010 - 2026)
CubeSmart (CUBE) posted Interest Coverage Ratio of 0.7 for Q2 2026, down 9.32% on a QoQ basis from 0.78 in Q1 2026, and down 10.4% year-over-year from 0.79 in Q2 2025.
Analysis
CubeSmart (CUBE) Interest Coverage Ratio (2010 - 2026) Analysis & Trends
CubeSmart has reported Interest Coverage Ratio for 17 years, with the latest figure at 0.7 in Q2 2026.
- On a quarterly basis, Interest Coverage Ratio fell 10.4% year-over-year to 0.7 in Q2 2026; TTM through Jun 2026 was 0.73, a 49.26% decrease from a year earlier, with the FY2025 full-year figure at 0.85, down 53.07% from the prior year.
- Interest Coverage Ratio was 0.7 for Q2 2026 at CubeSmart, down from 0.78 in the prior quarter.
- The five-year high for Interest Coverage Ratio was 2.56 in Q4 2023, with the low at 0.02 in Q1 2022.
- Average Interest Coverage Ratio over 5 years is 1.3, with a median of 1.32 recorded in 2022.
- The sharpest annual moves came in 2022 and 2023: Interest Coverage Ratio tumbled 82.27% in 2022, then surged 13501.11% in 2023.
- Over 5 years, Interest Coverage Ratio stood at 1.43 in 2022, then soared by 79.8% to 2.56 in 2023, then decreased by 15.76% to 2.16 in 2024, then sank by 64.72% to 0.76 in 2025, then slipped by 7.58% to 0.7 in 2026.
- The last three Interest Coverage Ratio figures came in at 0.7 (Q2 2026), 0.78 (Q1 2026), and 0.76 (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Public Storage | 51.84 Bn | 51.58 Bn | 1.20 Bn | 5.50 |
| 2 | Extra Space Storage | 28.88 Bn | 28.88 Bn | 642.43 Mn | - |
| 3 | CubeSmart | 8.88 Bn | 8.88 Bn | 190.47 Mn | 0.70 |
| 4 | SmartStop Self Storage REIT | 1.77 Bn | 1.73 Bn | 47.65 Mn | 1.34 |
| 5 | Global Self Storage | 57.63 Mn | 57.63 Mn | - | 3.42 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 0.70 |
| Mar 31, 2026 | 0.78 |
| Dec 31, 2025 | 0.76 |
| Sep 30, 2025 | 0.69 |
| Jun 30, 2025 | 0.79 |
| Mar 31, 2025 | 1.22 |
| Dec 31, 2024 | 2.16 |
| Sep 30, 2024 | 1.83 |
| Jun 30, 2024 | 1.51 |
| Mar 31, 2024 | 1.79 |
| Dec 31, 2023 | 2.56 |
| Sep 30, 2023 | 2.10 |
| Jun 30, 2023 | 1.97 |
| Mar 31, 2023 | 2.08 |
| Dec 31, 2022 | 1.43 |
| Sep 30, 2022 | 0.63 |
| Jun 30, 2022 | 0.39 |
| Mar 31, 2022 | 0.02 |
| Dec 31, 2021 | 0.68 |
| Sep 30, 2021 | 0.86 |