CubeSmart (CUBE)
NYSE: CUBE · Real-Time Price · USD
42.25
+0.19 (0.45%)
Mar 31, 2025, 10:11 AM EDT - Market open

CubeSmart Income Statement

Millions USD. Fiscal year is Jan - Dec.
Fiscal Year
FY 2024 FY 2023 FY 2022 FY 2021 FY 2020 2019 - 2015
Period Ending
Dec '24 Dec '23 Dec '22 Dec '21 Dec '20 2019 - 2015
Rental Revenue
911.16912879.29707.75581.01
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Property Management Fees
41.4236.5434.1731.2127.45
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Other Revenue
116.15106.4145.04108.8870.9
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Total Revenue
1,0691,0551,059847.84679.36
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Revenue Growth (YoY
1.31%-0.34%24.85%24.80%3.71%
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Property Expenses
291.75270.28270.86231.1206.73
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Selling, General & Administrative
85.6681.5477.0268.8158.32
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Depreciation & Amortization
205.7201.24310.61232.05156.57
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Total Operating Expenses
583.12553.06658.49531.96421.63
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Operating Income
485.61501.88400.01315.88257.73
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Interest Expense
-94.89-97.21-97.18-86.62-78.56
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Other Non-Operating Income
1.166.48-10.36-10.82-0.24
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EBT Excluding Unusual Items
391.89411.16292.47218.44178.92
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Gain (Loss) on Sale of Investments
-1.48---
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Gain (Loss) on Sale of Assets
--0.2-32.76.71
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Other Unusual Items
----20.33-18.02
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Pretax Income
391.89412.44292.47230.81167.61
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Earnings From Continuing Operations
391.89412.44292.47230.81167.61
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Net Income to Company
391.89412.44292.47230.81167.61
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Minority Interest in Earnings
-0.71-1.68-1.21-7.33-1.99
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Net Income
391.18410.76291.26223.48165.62
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Net Income to Common
391.18410.76291.26223.48165.62
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Net Income Growth
-4.77%41.03%30.33%34.94%-2.07%
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Basic Shares Outstanding
226225225204194
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Diluted Shares Outstanding
227226226205195
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Shares Change (YoY)
0.40%0.16%10.18%5.16%1.76%
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EPS (Basic)
1.731.821.291.100.85
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EPS (Diluted)
1.721.821.291.090.85
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EPS Growth
-5.50%41.09%18.35%28.23%-3.41%
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Dividend Per Share
2.0501.9801.7801.4501.330
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Dividend Growth
3.54%11.24%22.76%9.02%3.10%
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Operating Margin
45.44%47.57%37.79%37.26%37.94%
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Profit Margin
36.60%38.94%27.52%26.36%24.38%
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EBITDA
691.32703.12710.62547.93414.3
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EBITDA Margin
64.69%66.65%67.13%64.63%60.98%
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D&A For Ebitda
205.7201.24310.61232.05156.57
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EBIT
485.61501.88400.01315.88257.73
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EBIT Margin
45.44%47.57%37.79%37.26%37.94%
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Funds From Operations (FFO)
600.76615.11---
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FFO Per Share
2.632.70---
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Adjusted Funds From Operations (AFFO)
600.76609.44---
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AFFO Per Share
2.632.68---
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FFO Payout Ratio
76.86%71.89%---
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Revenue as Reported
1,0661,0501,010822.56679.18
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Updated Feb 28, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.
SEC Filings: 10-K · 10-Q