CubeSmart (CUBE)
NYSE: CUBE · Real-Time Price · USD
43.21
+0.41 (0.96%)
Dec 24, 2024, 1:00 PM EST - Market closed
CubeSmart Income Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Fiscal Year | TTM | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | 2018 - 2014 |
|---|---|---|---|---|---|---|---|
Period Ending | Sep '24 Sep 30, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 | Dec '20 Dec 31, 2020 | Dec '19 Dec 31, 2019 | 2018 - 2014 |
| Rental Revenue | 912.97 | 912 | 879.29 | 707.75 | 581.01 | 552.4 | Upgrade
|
| Property Management Fees | 40.32 | 36.54 | 34.17 | 31.21 | 27.45 | 23.95 | Upgrade
|
| Other Revenue | 113.63 | 106.4 | 99.34 | 108.88 | 70.9 | 78.68 | Upgrade
|
| Total Revenue | 1,067 | 1,055 | 1,013 | 847.84 | 679.36 | 655.04 | Upgrade
|
| Revenue Growth (YoY | 1.56% | 4.16% | 19.46% | 24.80% | 3.71% | 9.71% | Upgrade
|
| Property Expenses | 288.79 | 270.28 | 270.86 | 231.1 | 206.73 | 198.24 | Upgrade
|
| Selling, General & Administrative | 82.99 | 81.54 | 77.02 | 68.81 | 58.32 | 50.06 | Upgrade
|
| Depreciation & Amortization | 203.53 | 201.24 | 310.61 | 232.05 | 156.57 | 163.55 | Upgrade
|
| Total Operating Expenses | 575.31 | 553.06 | 658.49 | 531.96 | 421.63 | 411.85 | Upgrade
|
| Operating Income | 491.61 | 501.88 | 354.3 | 315.88 | 257.73 | 243.19 | Upgrade
|
| Interest Expense | -95.12 | -97.21 | -97.18 | -86.62 | -78.56 | -75.34 | Upgrade
|
| Other Non-Operating Income | 6.84 | 6.48 | 0.19 | -10.82 | -0.24 | 1.42 | Upgrade
|
| EBT Excluding Unusual Items | 403.33 | 411.16 | 257.31 | 218.44 | 178.92 | 169.26 | Upgrade
|
| Merger & Restructuring Charges | - | - | -10.55 | - | - | - | Upgrade
|
| Gain (Loss) on Sale of Investments | - | 1.48 | 45.71 | - | - | - | Upgrade
|
| Gain (Loss) on Sale of Assets | -0.2 | -0.2 | - | 32.7 | 6.71 | 1.51 | Upgrade
|
| Other Unusual Items | - | - | - | -20.33 | -18.02 | - | Upgrade
|
| Pretax Income | 403.13 | 412.44 | 292.47 | 230.81 | 167.61 | 170.77 | Upgrade
|
| Earnings From Continuing Operations | 403.13 | 412.44 | 292.47 | 230.81 | 167.61 | 170.77 | Upgrade
|
| Net Income to Company | 403.13 | 412.44 | 292.47 | 230.81 | 167.61 | 170.77 | Upgrade
|
| Minority Interest in Earnings | -1.18 | -1.68 | -1.21 | -7.33 | -1.99 | -1.65 | Upgrade
|
| Net Income | 401.96 | 410.76 | 291.26 | 223.48 | 165.62 | 169.12 | Upgrade
|
| Net Income to Common | 401.96 | 410.76 | 291.26 | 223.48 | 165.62 | 169.12 | Upgrade
|
| Net Income Growth | 5.79% | 41.03% | 30.33% | 34.94% | -2.07% | 3.19% | Upgrade
|
| Basic Shares Outstanding | 226 | 225 | 225 | 204 | 194 | 191 | Upgrade
|
| Diluted Shares Outstanding | 227 | 226 | 226 | 205 | 195 | 192 | Upgrade
|
| Shares Change (YoY) | 0.25% | 0.16% | 10.18% | 5.16% | 1.76% | 3.28% | Upgrade
|
| EPS (Basic) | 1.78 | 1.82 | 1.29 | 1.10 | 0.85 | 0.89 | Upgrade
|
| EPS (Diluted) | 1.78 | 1.82 | 1.29 | 1.09 | 0.85 | 0.88 | Upgrade
|
| EPS Growth | 5.93% | 41.09% | 18.35% | 28.24% | -3.41% | 0% | Upgrade
|
| Dividend Per Share | 2.040 | 1.980 | 1.780 | 1.450 | 1.330 | 1.290 | Upgrade
|
| Dividend Growth | 4.08% | 11.24% | 22.76% | 9.02% | 3.10% | 5.74% | Upgrade
|
| Operating Margin | 46.08% | 47.57% | 34.98% | 37.26% | 37.94% | 37.13% | Upgrade
|
| Profit Margin | 37.67% | 38.94% | 28.76% | 26.36% | 24.38% | 25.82% | Upgrade
|
| Free Cash Flow Margin | 57.05% | 57.93% | 58.40% | 52.98% | 51.67% | 50.65% | Upgrade
|
| EBITDA | 695.14 | 703.12 | 664.91 | 547.93 | 414.3 | 406.74 | Upgrade
|
| EBITDA Margin | 65.15% | 66.65% | 65.65% | 64.63% | 60.98% | 62.09% | Upgrade
|
| D&A For Ebitda | 203.53 | 201.24 | 310.61 | 232.05 | 156.57 | 163.55 | Upgrade
|
| EBIT | 491.61 | 501.88 | 354.3 | 315.88 | 257.73 | 243.19 | Upgrade
|
| EBIT Margin | 46.08% | 47.57% | 34.98% | 37.26% | 37.94% | 37.13% | Upgrade
|
| Funds From Operations (FFO) | 609.44 | 615.11 | 562.65 | - | - | - | Upgrade
|
| FFO Per Share | 2.67 | 2.70 | 2.47 | - | - | - | Upgrade
|
| Adjusted Funds From Operations (AFFO) | - | 609.44 | 574.47 | - | - | - | Upgrade
|
| AFFO Per Share | - | 2.68 | 2.53 | - | - | - | Upgrade
|
| FFO Payout Ratio | 74.91% | 71.89% | 68.80% | - | - | - | Upgrade
|
| Revenue as Reported | 1,064 | 1,050 | 1,010 | 822.56 | 679.18 | 643.92 | Upgrade
|
Source: S&P Capital IQ. Real Estate template. Financial Sources.