CubeSmart (CUBE)

CubeSmart Income Statement

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

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	1,055	1,050	1,010	822.56	679.18	643.92
Revenue Growth (YoY)	2.69%	4.03%	22.74%	21.11%	5.48%	7.69%
Cost of Revenue	300.69	294.78	293.26	252.1	223.63	209.74
Gross Profit	754.52	755.55	716.36	570.46	455.54	434.18
Selling, General & Admin	57.99	57.04	54.62	47.81	41.42	38.56
Other Operating Expenses	201.63	201.24	310.61	232.05	156.57	163.55
Operating Expenses	259.62	258.28	365.23	279.86	198	202.11
Operating Income	494.9	497.28	351.13	290.6	257.55	232.07
Interest Expense / Income	92.29	93.07	93.28	78.45	75.89	72.53
Other Expense / Income	-5.11	-6.55	-33.42	-11.33	16.04	-9.57
Pretax Income	407.72	410.76	291.26	223.48	165.62	169.12
Net Income	407.72	410.76	291.26	223.48	165.62	169.12
Net Income Growth	16.27%	41.03%	30.33%	34.94%	-2.07%	3.19%
Shares Outstanding (Basic)	226	225	225	204	194	191
Shares Outstanding (Diluted)	227	226	226	205	195	192
Shares Change	0.17%	0.16%	10.18%	5.16%	1.76%	3.28%
EPS (Basic)	1.81	1.82	1.29	1.10	0.85	0.89
EPS (Diluted)	1.80	1.82	1.29	1.09	0.85	0.88
EPS Growth	16.13%	41.09%	18.35%	28.24%	-3.41%	0%
Free Cash Flow	509.53	501.57	480.06	237.17	-159.63	77.23
Free Cash Flow Per Share	2.26	2.23	2.13	1.16	-0.82	0.41
Dividend Per Share	2.000	1.980	1.780	1.450	1.330	1.290
Dividend Growth	8.70%	11.24%	22.76%	9.02%	3.10%	5.74%
Gross Margin	71.50%	71.93%	70.95%	69.35%	67.07%	67.43%
Operating Margin	46.90%	47.34%	34.78%	35.33%	37.92%	36.04%
Profit Margin	38.64%	39.11%	28.85%	27.17%	24.39%	26.26%
Free Cash Flow Margin	48.29%	47.75%	47.55%	28.83%	-23.50%	11.99%
EBITDA	705.77	709.2	699.05	542.15	400.76	408.01
EBITDA Margin	66.88%	67.52%	69.24%	65.91%	59.01%	63.36%
Depreciation & Amortization	205.76	205.38	314.51	240.22	159.25	166.37
EBIT	500.01	503.82	384.55	301.93	241.51	241.64
EBIT Margin	47.38%	47.97%	38.09%	36.71%	35.56%	37.53%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).