CubeSmart (CUBE)
NYSE: CUBE · Real-Time Price · USD
40.99
-0.78 (-1.87%)
Aug 10, 2026, 4:00 PM EDT - Market closed

CubeSmart Financials Overview

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Revenue
1,1361,1231,0661,0501,010822.56
Revenue Growth
3.86%5.33%1.51%4.03%22.74%21.11%
Gross Profit
770.66771.71748.48755.55716.36570.46
Operating Income
452.75448.9483.12497.28351.13290.6
Net Income
337.14337.03395.5415.83295.13223.48
Earnings Per Share
1.461.461.721.821.291.09
EPS Growth
-12.57%-15.12%-5.50%41.09%18.35%28.23%

Revenue by Segment

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Rental
966.47956.65911.16912879.29707.75
Other Property Related
130.17126.22113.65101.7996.1783.61
Property Management Fee
39.5540.2441.4236.5434.1731.21
Revenue (Total)
1,1361,1231,0661,0501,010822.56

Cash & Debt

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash & Investments
14.315.7871.566.536.0611.14
Total Debt
3,5423,4683,0522,9883,0623,212
Net Cash (Debt)
-3,527-3,463-2,981-2,982-3,056-3,200
Net Cash Growth
------
Net Cash Per Share
-15.44-15.11-13.12-13.18-13.53-15.61

Cash Flow & CapEx

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Operating Cash Flow
597.88608.51631.07611.14591.47449.19
Capital Expenditures
-65.98-122.52-115.94-109.8-154.6-256.04
Free Cash Flow
531.91486515.14501.33436.87193.14
Free Cash Flow Growth
-0.67%-5.66%2.75%14.75%126.19%-

Margins

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Gross Margin
67.83%68.71%70.20%71.93%70.95%69.35%
Operating Margin
39.85%39.97%45.31%47.34%34.78%35.33%
Pretax Margin
29.58%29.50%36.75%39.27%28.97%28.06%
Profit Margin
29.25%29.50%36.75%39.27%28.97%28.06%
FCF Margin
46.82%43.27%48.31%47.73%43.27%23.48%

Dividends

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingAug '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Dividend Per Share
2.1202.0902.0501.9801.7801.450
Dividend Per Share Growth
1.92%1.95%3.54%11.24%22.76%9.02%
Dividend Yield
5.17%5.78%4.76%4.23%4.28%2.36%

Valuation

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingAug '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
PE Ratio
27.9824.6924.9125.4731.2052.21
P/FCF Ratio
17.4316.8618.9520.7920.6965.98
PS Ratio
8.147.299.159.938.9515.49