$CubeSmart (CUBE.US)$It is self-service storage. Revenue, op...
$CubeSmart (CUBE.US)$It is self-service storage. Revenue, operating profit, and net profit have basically continued to grow over the past 5 years, with average growth rates of 12.6%, 12.2%, and 16.6%, respectively.
In the first half of 2023, revenue increased by 6.2%. Operating profit increased sharply by 57.6% due to a sharp reduction in depreciation, and net profit increased by 1 times. However, this increase is very negative, because depreciation expenses cannot continue to decrease even if they are not recovered, and the net profit growth rate will decline again.
Currently, the price-earnings ratio is 31.8, and the price-earnings ratio has dropped to 23.8. There is not much discount compared to the long-term growth rate. Let's take a look for now.
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