CubeSmart (CUBE)

CubeSmart Financials Overview

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

Revenue & Profits

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue Revenue Growth	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 Net Income Growth	334.1	333.78	391.18	410.76	291.26	223.48
Earnings Per Share EPS Growth	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

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

Cash & Debt

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

Cash Flow & CapEx

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Operating Cash Flow Operating Cash Flow Growth	597.88	608.51	631.07	611.14	591.47	449.19
Free Cash Flow Free Cash Flow Growth	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

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	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

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Oct 27, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Dividend Per Share Dividend Per Share Growth	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	5.28%	5.78%	4.82%	4.27%	4.42%	2.61%

Valuation

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Oct 27, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
PE Ratio	27.40	24.63	24.77	25.37	31.03	55.72
PS Ratio	7.97	7.30	9.07	9.87	8.54	14.69

Data Sources: S&P Global Market Intelligence and Fiscal.ai Last updated: Jun 30, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company. Revenue segment data is provided by Fiscal.ai.

Update frequency:

Quarterly

Last checked:

Oct 23, 2026

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