CubeSmart (CUBE)

NYSE: CUBE · Real-Time Price · USD

37.19

-0.33 (-0.88%)

At close: Oct 5, 2026, 4:00 PM EDT

37.23

+0.04 (0.11%)

After-hours: Oct 5, 2026, 7:48 PM EDT

CubeSmart Financials Overview

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	1,139	1,126	1,069	1,056	1,059	847.84
Revenue Growth	3.90%	5.32%	1.17%	-0.20%	24.85%	24.80%
Net Income	334.1	333.78	391.18	410.76	291.26	223.48
Earnings Per Share	1.47	1.46	1.72	1.82	1.29	1.09
EPS Growth	-10.62%	-15.16%	-5.50%	41.09%	18.35%	28.23%

Revenue by Segment

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Rental	966.47	956.65	911.16	912	879.29	707.75
Other Property Related	130.17	126.22	113.65	101.79	96.17	83.61
Property Management Fee	39.55	40.24	41.42	36.54	34.17	31.21
Revenue (Total)	1,136	1,123	1,066	1,050	1,010	822.56

Cash & Debt

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Investments	14.31	5.78	71.56	6.53	6.06	11.14
Total Debt	3,542	3,518	3,102	3,039	3,111	3,266
Net Cash (Debt)	-3,527	-3,512	-3,031	-3,032	-3,105	-3,254
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-15.45	-15.33	-13.34	-13.40	-13.74	-15.87

Cash Flow & CapEx

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Cash Flow	597.88	608.51	631.07	611.14	591.47	449.19
Free Cash Flow	597.88	608.51	631.07	611.14	591.47	449.19
Free Cash Flow Growth	-2.60%	-3.57%	3.26%	3.33%	31.67%	27.96%

Margins

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Margin	39.99%	40.10%	45.44%	47.65%	37.79%	37.26%
Pretax Margin	29.18%	29.44%	36.67%	39.04%	27.63%	27.22%
Profit Margin	29.34%	29.65%	36.60%	38.88%	27.52%	26.36%

Dividends

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Oct '26 Oct 6, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Dividend Per Share	2.120	2.090	2.050	1.980	1.780	1.450
Dividend Per Share Growth	1.92%	1.95%	3.54%	11.24%	22.76%	9.02%
Dividend Yield	5.70%	6.14%	5.32%	4.91%	5.32%	3.19%

Valuation

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Oct '26 Oct 6, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
PE Ratio	25.38	24.63	24.77	25.37	31.03	55.72
PS Ratio	7.38	7.30	9.07	9.87	8.54	14.69